The widespread acceptance of bitcoin and cryptocurrency has made the price go crazy since last year. Along with the increasing popularity of cryptocurrencies, the crime rate that occurs has also decreased. This is certainly good news.
Report from crypto intelligence company, CipherTrace, shows losses from theft, hacking and fraud in the world of cryptocurrencies in 2020 fell to 57% in 2020. In 2019, the loss rate due to crime in the crypto market reached US $ 4.5 billion, meanwhile in 2020 amounting to US $ 1.9 billion.
Theft from hacking on crypto exchanges continues to decline after institutional investors stepped in and adopted stronger security measures, "said Dave Jevans, CEO of ChiperTrace, in an interview with Reuters last January. At the same time, the entry of investors, especially into bitcoin, made the price continue to skyrocket, which in turn raised another crypto currency. The price of bitcoin hit an all-time high of US $ 58,445.23 / BTC on February 22. After reaching this record, the price of bitcoin has plummeted, and recently.