Cryptocurrency and technology have been the buzzwords in the financial and economic sectors for the past two years. The success of this new technology and the potential it holds has attracted both institutional and private investors to the table. Unfortunately, along with genuine projects, interests, and investments have come investors and projects motivated by short-term gains; a piece of the ‘ Pie’.
Speaking at the ‘Security vs Crypto’ Meetup organized by KeySupreme and Incodium last April 25th, Jeff Pulver, CEO and Expert decried the attitude of some of the major players in the marketplace. Some of the major issues include exchanges requesting exorbitant sums of money to list , the failure of some projects to disclose important financial details that would instill confidence in their communities, the coinage and overuse of the ‘ICO’ term. In the past two years, numerous projects and project teams have defrauded investors out of millions of dollars, raising serious doubts on the seriousness and sustainability of the market in general.
As is expected, the failures of the institutional players in the crypto market have led to increased nervousness among investors. Most investors and speculators have resorted to short term buying and selling, increasing the volatility in the crypto market.
This unfortunate situation has overshadowed the good work and commitment of some projects that bring much needed value to the crypto market place. One such project is Incodium, a compensation scheme for victims of exchange hacking. Incodium is providing an extended platform for security services and authentication devices in collaboration with its security partner KeySupreme. Follow Incodium on one of their SNS channels to learn more about a viable alternative to protecting your assets.
Published at Wed, 08 May 2019 01:14:41 +0000
