July 9, 2018
These failed projects have cost investors plenty. One research firm estimates investors may have still lost as much as $500 million
In addition, the cryptocurrency frenzy in recent years has floated the coin industry to the radar screen of many government and regulatory agencies. There are 130 cryptocurrency-relatedInvestigations ongoing at FBI. A supervisory special agent of FBI admitted this is just “a small sliver at this point.” Contrary to one of the much touted benefits of digital coins – trackable (albeit anonymous) transactions on a permanent internet-based leger, FBI also noted how the technology of digital-currency payments have facilitated an increase in illegal activity such as drug trades, human trafficking, kidnapping and ransomware attacks. Perhaps millennials need to rethink if the anonymous “feature” of cryptocurrency is really that cool?