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Review on ABCC by I Hack Android
On the other hand, cybersecurity incidents at digital asset exchanges happen…
On the other hand, cybersecurity incidents at digital asset exchanges happen every now and then. Mt. Gox, a cryptocurrency exchange based in Japan and the then biggest one in the world, was hacked in March 2014 and as a result, Bitcoin worth some $473 million at the time—and representing 7% of all Bitcoins then in existence —had disappeared. On June 22nd, 2018, the exchange was finally allowed to swap bankruptcy proceedings to civil rehabilitation. Similarly, digital assets equaling $31 million was hacked from Bithumb, a cryptocurrency exchange based in South Korea.
Pros
- While there are more and more digital asset exchanges, not many of them have adopted a clear and systematic approach towards digital asset evaluation. With sometimes lucrative listing fees, some digital asset listing decisions have been made from a commercial point of view rather than based on the quality of the assets itself. Hence, it is increasingly pressing and challenging to ensure that only select highquality digital assets are presented and provided to investors.
Cons
- Compared with traditional financial instruments, there is a shortage of variety for blockchain native digital assets. More sophisticated investment vehicles such as margin trading, investment portfolios, futures, options and other asset-backed securities based on cryptocurrencies, are still nascent.
