People are Losing Interest in Cryptocurrency and Blockchain Technology

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As the crypto market lives through a bloody bearish movement, which has been continuing for approximately 12 months, the number of fintech enthusiasts has significantly decreased. While the top cryptos, including Bitcoin, Ripple, and Ethereum are 80% down from all-time highs, leading blockchain experts noted that it might not be the prime time for the technology.

Paris Fintech Forum Seems to Lack Trust in Cryptos   

Last week, the well-known Paris Fintech Forum took place, with over 3,000 businesspeople, bankers, regulators and investors visiting. Blockchain technology was one of the most debated topics last year, as Bitcoin and altcoins were rapidly developing at that time. However, the tune of the discussion shifted since then. Given that all major digital currencies dropped nearly 80% over the past 12 months, fintech enthusiasts decided that it might not be the best times for this field in general.   

Analysts concluded that the crypto trading industry has to work harder on its security measures. Potential investors are concerned with this issue and afraid of the risks involved. For example, the first half of 2018 saw around $1.1 billion in digital currency being stolen from crypto exchanges. David Schoenberger, chief innovation officer of a digital security company Krypti commented on the matter, saying that most crypto projects "lack the security to prevent hackers from stealing private keys and wallet addresses”.   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/cryptocurrency-blockchain-technology/