The Brief Crypto News - Jul 23 2020 Ep.8

By LeaderIcarus | Brief Crypto News | 23 Jul 2020

Greetings Everyone

And welcome to The Brief Crypto News Episode 8.

I am LeaderIcarus and its 07:00 UTC of July 23 2020. While the missing Wirecard executive that found in Belarus, Masselec, reported to own a "considerable amount of bitcoin" and Nasdaq hitting record high, we have some news regardless the ETH 2.0

The long anticipated launch of ETH 2.0 is with no fix date about a years or so, but, now, in an unexpected turn of event points that the release could be on this year. "The Ethereum 2.0 beacon chain (phase 0) will launch in November, unless we find severe bugs in clients or protocol" ethereum developer Schoedon said. Ethereum seemed motivated by the fact and has increased by 10% - now trades above $260.

Most of the top ten currencies are on the green and the capitalization above $288 billion, while Bitcoin Dominance is slightly increased at 60.65%. Now Let see the top ten by market capitalization.

  1. bitcoin (BTC) $9,487.52
  2. ethereum (ETH) $261.89
  3. tether (USDT) $1.00
  4. xrp (XRP) $0.202221
  5. bitcoin cash (BCH) $237.87
  6. cardano (ADA) $0.124194
  7. bitcoin sv (BSV) $182.45
  8. chainlink (LINK) $7.67
  9. litecoin (LTC) $44.80
  10. Binance Coin $18.14

Cyprus Criminals Stealing Bitcoin

  • Cyprus Department of Justice has extradited two
  • One suspected of stealing bitcoin and personal information from a game publisher
  • The second accused for money laundry and connection with Hezbollah

PayPal Crypto Service

  • Following story about PayPal Inc. to offer buy and sell services to its customers.
  • Reports say that PayPal will not cooperate with Coinbase - as they did for years.
  • Paxos seems to be the custodian for the Company.

Mastercard Expand Crypto Program

  • Following the company's announcement that will simplify access for the crypto card issuers.
  • Wirex becomes Mastercard's first crypto partner.
  • Mastercard, also, announced that will allow Wirex to directly issue crypto payment cards.
  • Wirex's card users will be able to immediately convert crypto to fiat.

Crypto Adoption

  • Seems that more countries are trying to adopt cryptocurrency - to avoid possible incomes from it.
  • South Korean announced a 20% tax rate for crypto-trade income.
  • This is not affect owing crypto, as this is not taxable for  both personal and foreign corporations.
  • Also, income from trading that are less than $2000 per years will not be taxed.
  • US Banking regulator goes one step closer towards adoption, too.
  • The Office of the Controller of the Currency permits banks to custody cryptos on behalf their clients.
  • As long as custody means to actually own the keys of the crypto wallets, OCC specified that "national banks may escrow encryption keys used in connection with digital certificates, because a key escrow service is a functional equivalent to physical safekeeping"

Steve Wazniak Sues Youtube

  • Wosniak - Apple co-founder- and 17 other people sue YouTube over Crypto scam channels.
  • These channels performs fake bitcoin giveaways scams featuring images of celebrities including Wozniak.
  • YouTube accused for not acting quickly to ban such content and that "knowingly allowed the bitcoin scam to go on for months, promoted it and profited by it, by selling targeted advertising" the lawyer firm stated.

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LeaderIcarus 🚀 | Crypto Trader & Investor since '19 📊 | NFT Lover & Collector 🎨 | Embracing DeFi, GameFi, and Blockchain's Marvels 🎮🌐 | Learning TA, Mastering Markets 📊 | Let's build the future together! 💡

Brief Crypto News
Brief Crypto News

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