EVOBITS INFORMATION TECHNOLOGY SRL
SILVIU CATALIN BALACI , FOUNDER AND CEO OF EVOBITS IT , SHARES THE ROMANIAN CRYPTOCURRENCY MINER ’ S PLANS TO UPGRADE ITS CURRENT DATA CENTRE FACILITIES AND GROW ITS HOST OF CRYPTO TRADING SOFTWARE SOLUTIONS
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W ith a collective value of around US $ 275bn , the rise of the global cryptocurrency market has been one of the most revolutionary financial and technological events of the 21st century . Cryptomining , the process by which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger , has helped make billionaires of savvy business leaders , but the lack of regulation in the market often leads to instability and unpredictability . In December 2017 , Bitcoin reached its all-time high value of $ 19,783 . By November 2018 , the price had fallen to approximately $ 5,500 per coin , and in May 2019 the coin ’ s value soared again by over $ 1,000 in less than a day .
“ The biggest issue right now with crypto and trading in general is the market ’ s vulnerability to manipulation ,” explains Silviu Catalin Balaci , founder , CEO and majority shareholder of Evobits Information Technology SRL . “ As liquidity is so low , compared with stocks for example , when a large player jumps in , they can pretty much manipulate
JULY 2019