Record highs and heists: Where is cryptocurrency heading?

TOKYO: A hacking theft that netted $530 million, a ban on Facebook advertising, regulation even in Russia and more wild price swings: despite another stomach-churning week for cryptocurrencies, analysts say they are here to stay.

While headline-grabbing hacks like that suffered by Japan’s Coincheck are likely to attract the attention of regulators, experts say the “Teflon” crypto boom is now part of the economic landscape.