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The Brief Crypto News – Aug 02 2020 Ep. 11

Greetings everyone, 

And welcome to the Brief Crypto News.

I am LeaderIcarus and it’s Sunday, Aug 2, 2020, 07:00 UTC celebrating the five years of Ethereum, and the DeFi ecosystem has more than $4 billion total value locked, while DAI users have voted on Thursday to double the total debt ceiling – which indicates how much of the stablecoin can be minted.

Can decentralized Apps solve SIM  swap? NEM is working on a “FIX network” to prevent SIM swap (this means issuing a twin sim to use it for code providing to steal funds).

 

As Bitcoin hits $12000

 

17 Years Old Arrested for Twitter’s Hack

  • Yesterday morning (Aug 01) authorities have arrested the “Head” behind Twitter’s hack.
  • FBI, IRS, US Secret Service, and Florida law enforcement have arrested a 17 years old.
  • He will be accused of 30 felony charges.
  • The prosecution is handled by the State, as its law is flexible to charge a minor as an adult in financial fraud cases like this.

US Prints Dollars 

  • Only in Jun, the US has printed more than 800 billion. 
  • Will continue to print, too, as a tool to help the economy to fight Covid-19

Binance shipping Visa

  • Following a tweet from Binance CEO
  • The company has confirmed the shipping of its debit card in Europe. 
  • The Visa cards will be limited and they will begin delivery on July 24.
  • The next step will be the issue for the United Kingdom customers. 

Ethereum Classic Reorg

  • Rorg is a feature in a blockchain that allows to roll back the network.
  • If a malicious miner secures 51% of that hashpower, they can split the network and double-spend, etc.
  • Ethereum Classic Network goes down for a short time for maintenance.
  • The offending miner has been identified, but it is not clear if it is an actual attack.
  • The same network has confirmed a 51% attack at the start of 2019

Market Overview

  • Market capitalization is $344 billion.
  • The volume for the last 24 hours is $93 billion.
  • Market Dominance Bitcoin 60.54%, Ethereum 12.04%
  • Market Prices index as it is now, on Coingecko.com

Prices for the top 20 crypto - by Coingecko.com

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