Many Crypto News and Updates made the Headlines this week?
What do you think?
Is Now a Good Time to Invest, or Is there Never a Good Time to Invest in Cryptocurrency?
This Week's Crypto Headlines:
1. The Crypto Market is back up - Entire Crypto Market was boosted by 10%
Many analysts felt optimistic about crypto market and are forecasting a huge growth in market capitalization. In the last week of April, Bitcoin increased by 5% as well as Ethereum gaining an increase of 7%.
This shows that the Crypto Market is crawling back up and it is time for all to pool your resources back to this industry.
However, some negative events happen in this week as well:
2. MyEtherWallet breaks down to a DNS hijacking attack that allowed a hacker to redirect users to a malicious version of the website and phish their private keys. It was originally noted as reported by a couple of exchanges, that some ERC20 Tokens were experiencing some issues while acting troublesome. Baumont wrote, This incident "highlights how almost nobody noticed until the attack stopped, There is a blind spot. These group of hackers have appeared to have obtained a total of 215 Ethereum in the process which is equivalent to an approximately $150,000 USD. As per previous incidents, Ethereum has no plans to muddle in this situation and are not returning this Ethereum to the users.
Hence, please do be careful and ensure that you are always on the right, secured sites before you type in your private keys. Also noting the words from the chief executive of MyEtherWallet, Kosala Hermachandra, use an offline version of the wallet or a hardware wallet, "This is an ongoing battle that requires all of us to stick together".
Last, but not least, this week, we see Nasdaq venturing into the Crypto Market as well. They are open to becoming a cryptocurrency exchange in a regulated market. Their CEO mentioned that they would want to list cryptocurrencies on their exchange.
So, your opinions, what do you think? Is Now a really good time to invest in Cryptocurrency?
The time for investments is always, the question is which crypto currency and at what point
. Now, in fact, it makes sense to purchase the Etherium, as soon Casper will come out and mining from mining will decrease by 5 times, and simply the holders of the etherium will be credited with coins on their own)