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CRYPTOMONNAIE - BEGINNING OF DIFFICULT YEAR By Patrice SARDA – CEO Coins Mining

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CRYPTOMONNAIE - BEGINNING OF DIFFICULT YEAR By Patrice SARDA – CEO Coins Mining

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Patrice Sarda
Since the beginning of this year, there has been an abundance of various events that have affected Bitcoin and, consequently, other cryptocurrency.
Some of these incidents are:

Coincheck is one of the most famous cryptocurrency exchanges at the moment that is used by a large number of cryptocurrency holders. On January 26, an unknown pirate managed to hack nearly $ 533 in digital currency (mainly from the NEM). This incident had a devastating effect on the entire market where the prices of several currencies like Bitcoin, Ripple, Ethereum etc. Despite being one of the most stable currencies, Ripple's price was down 12% from its price against the dollar.

As it was the biggest burglary in the history of cryptocurrency, the cryptographic security system of several cryptocurrency exchanges like Huobi Pro has been improved and improved to prevent such occurrences.

So far there have been two significant events this year regarding the ban on crypto-currency ads on two different platforms. The first was by the famous social networking site Facebook.
On January 30, 2018, Facebook banned all kinds of crypto-currency, binary options, and ICO (Initial Coin Offering) advertisements to prevent customers from engaging in deception and scams.

Very recently, March 14, Google also followed Facebook and also banned all cryptocurrency ads. If the most popular websites like these two continue to ban all cryptocurrencies due to scam problems, many digital currencies would be susceptible to massive bumps, including relatively secure pieces like Litecoin and Ripple.
c. Cryptojacking: Cryptojacking is another major threat and one of the main reasons for the volatility of this market.

Very recently, the official Twitter account of Verge (XVG) was the victim of this incident where hackers demanded coins from Twitter account holders.
Other incidents: On February 1 of this year, Ripple crashed on Coinmarketcap and remained so for more than 24 hours due to a comment by Indian Finance Minister Arun Jaitley regarding the legality of trade and the use of cryptomonnaies.

This incident also caused a major upheaval in the cryptocurrency market, affecting myriad traders around the world.

Patrice Sarda Phuket