Strengthening Bitcoin May Lead to Increased Hacking Attempts

Strengthening Bitcoin May Lead to Increased Hacking Attempts

As Bitcoin price strengthens, cryptocurrency users should start focusing on their wallet's safety to prevent themselves from becoming targets to hacking attempts. The Bitcoin community is elated following the recent rise in the digital currency’s price. Bitcoin, which was trading a bit over $750 a month ago surged past $900 yesterday. The higher the price of Bitcoin, more the people stand to lose in case of a security breach. In 2014, the world’s largest Bitcoin exchange at that time, Mt Gox collapsed. The failure of the cryptocurrency exchange was attributed to gross mismanagement and....


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