The Dark Side of Cryptocurrencies

Cryptocurrencies are of much concern to government authorities around the world for several reasons: they might undermine the standard of currencies issued by central banks, resulting in potential economic depressions worse than ever seen before; they're unregulated, which means activities involving cryptocurrencies could defraud investors of their personal wealth; and…

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The Mt. Gox Hack

In 2014, Mt. Gox, one of the largest bitcoin exchanges on the globe and based in Japan, was on top of the world. They handled 70% of all bitcoin transactions globally. However, the end of February brought ruin and bankruptcy to Mt. Gox. Mt. Gox lost almost 740,000 bitcoins…

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