After a precipitous crash, cryptocurrency enthusiasts have been heartened to see a steady climb in the value of frontrunner coins since yesterday. What's driving the rebound in an increasingly harsh regulatory climate might be a so-called "stablecoin" widely suspected to be fraudulent.
Tagged With bitfinex
Hong Kong bitcoin exchange Bitfinex reported yesterday that hackers had stolen 119,756 bitcoin, which is worth as much as $US72 million dollars ($94.9 million), with some reports going even higher. News of the hack sent bitcoin tumbling 23 per cent, with its current value hovering around $753. Bitfinex confirmed that no other digital currency except bitcoin was targeted in the hack.
Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.