cryptocurrencies

 WeWork joins a clutch of high-profile firms that have dived into the digital currency space recently, including Tesla Inc, Visa Inc, Bank of NY Mellon, prompting the move away from the fringes of finance for cryptocurrencies like bitcoin.



CoinSwitch Kuber, an Indian cryptocurrency investment platform, has raised $25 million (Rs 181 crore) in a Series B round of funding from Tiger Global Management, at a valuation of over $500 million.

This marks the New York-based Tiger Global’s first investment in an Indian cryptocurrency company. This also makes CoinSwitch the highest-funded cryptocurrency player in India. It sets CoinSwitch on the growth trajectory of global cryptocurrency platforms like Coinbase and Binance in the Indian market.



Cryptocurrency security

Although cryptocurrency transactions eliminate cyberthreats like stolen credit card numbers, the currency still isn't 100 percent safe. So far, there is no way to completely prevent cybercriminals from getting their hands on users' wallets. This is particularly dangerous because, unlike fiat currencies like the U.S. dollar and the Euro, cryptocurrencies are not backed or insured.



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