Summing up the results of February
Despite its short duration, February managed to transform the cryptoindustry. Today we will summarize the results of the second month of 2021 and tell you what happened over the past 28 days. This is a continuation of our column on collecting monthly results. So read carefully and write your opinion about such articles in the comments. So, without further ado, let’s get started.
Numerous hacks
This month has brought a whole crop of digital hacks. Many companies have been hacked, both start-up organizations and world-famous firms. Let’s remember Blockfolio first. A rather original situation happened to her. The hackers were unable to bypass the protection of the application itself, and therefore decided to attack the company’s reputation through social networks. The organization’s Twitter account and other social resources were hacked. The hackers wrote that the company allegedly prohibits the use of its own functionality for all black clients. The situation was quickly settled, explaining the fact of interference in the work of the company. Nevertheless, the hacking made a certain unpleasant impression.
Also, we must not forget about the Cream Finance project, which was hacked, but for real. As a result of the hacker attack, the hackers managed to steal about $ 37 million from the company in various digital assets. These are huge funds that will be reimbursed, but have not yet been found. The hackers took a responsible approach to their criminal work, thanks to which they carried out one of the largest raids in recent years. Also in February, there were serious DDoS attacks on other organizations, such as EXMO. So, of course, the second month of this year turned out to be difficult.
Government bans in February
In addition to pressure from hackers, the industry has been hit hard by major governments. For example, Austria has taken an extremely radical position regarding Bitcoin and cryptocurrencies in general. Similar statements were also made by representatives of Canada. States still do not see the benefits of the digital economy and, instead of skillfully integrating the Blockchain into their own cities, continue to oppress digital assets. This is clearly the wrong, outdated approach with one single argument – the fight against crime. But in a separate article on the criminal side of Blockchain, we have already written that Bitcoin, for example, is practically not used in the shadow business. We recommend that you read this material and form your own opinion on this issue.
How billionaires spoke about cryptocurrencies in February
Perhaps the only indisputable plus of this difficult month is the obvious growth of the industry. Blockchain is becoming more and more popular, despite state bans and hacker activity. The first coin even peaked at 55 thousand dollars. True, at the moment the price tag is slightly lower, but this barrier no longer seems unattainable.
Against the background of the development of digital means, the leaders of the industry and modern business began to speak out about the Blockchain. Including Elon Musk, who has long been interested in digital media. Most recently, the billionaire, using Tesla assets, invested huge amounts in BTC. True, then he spoke about the recognition of the risks and that the actions of his company do not in any way reflect the personal attitude towards cryptocurrencies. It’s just a commercially viable solution. Bill Gates, on the other hand, criticized digital media. We talked about the position of the former head of Microsoft in a separate article.
Conclusion
The month was definitely not an easy one. Against the backdrop of the growth of digital media, many negative events have taken place. However, we have no doubt that you will see more positive headlines in the coming March. The main thing is to stay abreast of all developments in the crypto industry. Follow the news of Blockchain and digital technologies with us. We publish only high-quality, interesting material. Thanks for attention. Good luck!
