download 1024x536 - Digital currency stumbles on the road to becoming mainstream…

Digital currency stumbles on the road to becoming mainstream…

In our weekly look into the world of business, Jonathan Hill from our Corporate and...

Back to News and Events

Digital currency stumbles on the road to becoming mainstream…

24th July 2017

News : Commercial

In our weekly look into the world of business, Jonathan Hill from our Corporate and Commercial team, takes a look at the future of digital currencies…

Digital currencies, like Bitcoin and Ethereum, are often praised by their supporters for being free from governmental control.

However, for these digital currencies to replace traditional currencies, the public must consider them to be secure beyond reproach.

A group of so-called ‘white hat’ hackers have reportedly stolen roughly £31million worth of Ethereum currency, in a series of thefts which exploited a weakness in the code of some digital wallets.

Those who are betting on the emergence of digital currencies as a trusted alternative to traditional payment methods will be hoping that this latest security breach does not dissuade early adopters from continuing to use, promote and invest in the fledgling systems.

arrow-down-white arrow-left-white arrow-right-white arrow-right call cloudicon_laptop_add icon_purchase_new icon_purchase_standard icon_quill icon_remortgage icon_sale_purchase icon_sale icon_tick phone-call search settlement-icon skull social_facebook social_instagram social_linkedin social_pinterest logo-twitter-glyph-32 social_youtube speedo stars tail-right (1)Created with Sketch. tail_right tick_circle_green tick_circle wave-smaller Mask