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 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
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