2021 marks the 12th year since the first cryptocurrency was publicly launched and, in that time, the technology has seen substantial advancement in addition to mainstream adoption. However, despite its economic benefits, cryptocurrency is not entirely void of security vulnerabilities.
In this article, we take a walk through some of the highlights of cryptocurrency crime for the year. But just before we dive into the main subject matter, let’s take a look at the cryptocurrency outlook for 2021
Cryptocurrency outlook 2021
The year 2020 marked a surge in interest in the cryptocurrency industry, attracting millions of users. Notably, between January 2020 and November 2021, the number of blockchain wallet users climbed by more than 85% to about 80 million – up from 44.4 million at the end of 2019.
Similarly, Triple-A – a cryptocurrency payment service that provides key statistics to assist businesses in better understanding the cryptocurrency market – indicated that there were at least 300 million cryptocurrency users worldwide. The report also estimated that the cryptocurrency ownership rate was currently at 3.9%, with a significant increase expected in the near future.
In the same vein, the number of cryptocurrency assets has soared significantly, with hundreds of new tokens emerging every month. According to Statista, the total number of crypto assets available globally has nearly topped 8,000, with the year 2021 seeing the most addition thus far.
While there…
