Stolen Cryptocurrency Recovery
With the rise of Bitcoin, “cryptocurrency” (or “crypto currency” or “altcoins”) has become the latest hot item for investors worldwide, which means that scammers are not far behind. It has already been called “the next mutation of binary options.” When you are victimized by fraud, you are generally entitled to receive a refund or, in certain circumstances, apply for a chargeback. Stolen Cryptocurrency Recovery
Wikipedia defines cryptocurrency, as “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.”
Unlike cash, cryptocurrencies are not issued or regulated by governments. They are electronically generated by a peer-run system with encryption to ensure (varying degrees of) anonymity and security. Moreover, they are designed to gradually reach a maximum amount over a pre-set time period, after which generation will cease. It is that built-in deadline that has generated unprecedented interest among investors.
As a result, the entire virtual currency market has reached a capitalization of nearly $2 trillion dollars in just 12 years. Since Bitcoin was introduced in 2009, its value has increased by over 25,000 percent. Since mid-2013, the complete market cap for all cryptocurrencies has grown by 10,000 percent.Stolen Cryptocurrency Recovery
According to the Cambridge Centre for Alternative Finance, which issued the world’s first global cryptocurrency benchmark study in May 2017, more than three million people worldwide are now actively using digital currencies as an alternative for everything from purchases of goods and services to gambling platforms known as “cryptocurrency lottos”. That figure, which is three-times higher than previous estimates, represents a critical mass that has turned cryptocurrency into an integral part of the global financial system.
Since the advent of Bitcoin, a number of other virtual currencies have been created, or, in the terminology of the trade, have undergone a cryptocurrency ICO (initial coin offering). These include Litecoin, introduced in 2011, and Ethereum, introducedin 2015.
These Bitcoin alternatives are now attracting attention from people interested in investing in cryptocurrency, especially if they are seeking a lower entry price into the market. Since the beginning of 2017, therefore, Bitcoin’s share of the market has fallen from 90 percent to 40 percent.