Bitcoin rallies 13% to break through $11,000...
One week in review:
July 27–Aug. 2 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1. Bitcoin rallies 13% to break through $11,000 | | | Late on Monday, Bitcoin surged to a new 2020 high of $11,394. The bull run meant almost 95% of Bitcoin's supply was in profit. As the weekend began, BTC surpassed $11,600 for the first time in 12 months, prompting some investors to believe there would be little resistance until $15,000. There was further excitement as Bitcoin surged even further to $12,000 — but unfortunately for the bulls, the market drama was far from over. | | | On Sunday, Bitcoin plunged by 13% within minutes, taking it as low as $10,550. With the Fear and Greed Index hitting a score of 80 — indicating "Extreme Greed" — the question now is whether the crypto world needs to brace itself for a larger pullback. | | #2. Three reasons why Ethereum price rallied 75% to hit a two-year high at $400 | | | The other big story has been Ether's extraordinary march from $225 to $400 in the space of two weeks, coinciding with its fifth anniversary. Many investors believe ETH's momentum has been buoying the entire market — and possibly even pushing BTC upwards. | | | Three factors appear to be triggering the strong rally: decentralized finance, the upcoming Ethereum 2.0 upgrade and the prolonged rally in the altcoin market. | | #3. A 17-year-old was just arrested in connection with Twitter's recent hack | | | It's emerged that a teenager is among those who have been taken into custody in relation to Twitter's massive hack. The 17-year-old was arrested in Tampa, Florida, and has been accused of being the mastermind behind the biggest security and privacy breach in the social network's history. Two others have been arrested. One of them is 19-year-old Briton Mason Sheppard, also known as "Chaewon." The other is 22-year-old Nima Fazeli, who lives in Florida and is also known as "Rolex." | | #4. Prediction of the Week Winklevoss twin: Next Bitcoin bull run will be "dramatically different" | | | Cameron Winklevoss, the founder of the Gemini crypto exchange, has predicted that Bitcoin's next bull run will be "dramatically different" to what we've seen before. On Twitter, he wrote: "Today, there's exponentially more capital, human capital, infrastructure, and high-quality projects than in 2017. Not to mention the very real specter of inflation that all fiat regimes face going forward. Buckle up!" Earlier this week, the billionaire warned that "not owning Bitcoin today will be a worse investment decision than not investing in AAPL, GOOG, AMAZN and MSFT in the early 2000s." | | #5. FUD of the Week 27 key execs at PlusToken scam are reportedly arrested | | | As many as 27 core PlusToken team members have been arrested by police in China. It's a significant development in the case, which has gained infamy for being one of the largest scams in the crypto industry's history. Estimates suggest that investors lost $5.7 billion — and local industry publication ChainNews has reported that another 82 core members of the scheme have also been arrested. | | #6. FUD of the Week Hackers have been using Dogecoin to deploy malware for six months and no one noticed | | | Hackers are actively relying on the Dogecoin blockchain to expand a malware payload called "Doki," according to cybersecurity researchers at Intezer. It's claimed Doki is a fully undetected backdoor that abuses the DOGE blockchain "in a unique way" to breach cloud servers. Intezer says that using Dogecoin to deploy a crypto-unrelated malware may be "quite resilient" to both law enforcement and security products. That's why Doki has managed to stay undetected for over six months, despite having been uploaded to the VirusTotal database in January. | | Feel free to explore the most important news with Hodler's Digest by Thomas Simms:
| | | |
0 Comments
Postingan
