
What You Need to Know about Cryptocurrency Hackability
Most of the weaknesses of crypto security are attributable to the human factor, particularly a failure to adequately secure personal crypto wallets.
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MonaCoin is a cryptocurrency and p2p payment system established in Japan on January 1, 2014. It is formed as a result of Litecoin network fork, claiming to become a national cryptocurrency payment system and means of payment. The MonaCoin system is the need for autonomy in technology or another manifestation of the Galapagos syndrome of the Japanese. MONA is the coin with the story. It was in the top 20 cryptocurrencies in the world, and its market capitalization rose to $1 billion. But the creators of the project did not support the general market trend to development, so the popularity of MONA went down. Back in the early 2018 Monacoin rate reached $11 for 1 coin, and then began to decline.
Most of the weaknesses of crypto security are attributable to the human factor, particularly a failure to adequately secure personal crypto wallets.
Japanese licensed cryptocurrency exchange Bitpoint has become a new victim of hackers and lost $32 million in crypto assets in the recent attack.