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    Sumit Bera

    Weekly Digest: Twitter Fraud & Samsung added Stellar

    Crypto news weekly

    What important crypto events happened last week?

    TOP News

    📌 Unknown attackers hacked the official Twitter accounts of Binance CEO Changpeng Zhao, Bill Gates, Jeff Bezos, Elon Musk and many other pages. They posted there messages about a fake distribution of 5000 BTC from an unknown site CryptoForHealth. More info: https://coinjoy.io/media/91/twitter-has-been-hacked-bitcoin-scam-goes-big

    📌 At the moment, the Twitter team, which responded to the hack with a noticeable delay, knows little. Twitter employees with access to internal systems have been the victims of a coordinated social engineering attack. This allowed attackers to take control of many accounts, including verified ones. Now Twitter is trying to figure out what other information hackers could get.

    📌 Samsung has added support for the Stellar blockchain to its Blockchain Keystore cryptocurrency platform. Now owners of Samsung smartphones will be able to store private keys from Stellar wallets on their mobile devices. Blockchain developers have also been able to create Stellar apps exclusively for Samsung Galaxy smartphones.

    Regulation, Government, Mass Adoption

    📌 Former Coinbase exchange user and Bitcoin analyst Jim Harper has filed a lawsuit against the Internal Revenue Service (IRS) over a letter from the department in which the tax office notified more than 10,000 exchange customers of the need to pay taxes on income received from cryptocurrency transactions. The agency believes that Harper did not pay the due amount. The analyst noted that he has been paying taxes on cryptocurrency income in full since 2013. In the lawsuit, he accuses the IRS, the department chairman and 10 employees of violating the fourth and fifth amendments to the US Constitution, which guarantee his privacy.

    📌 The Bank of England is considering creating its own digital currency (CBDC), but this will not happen in the near future. This was stated by the governor of the central bank Andrew Bailey.

    Hacking, Law

    📌 The server of several popular free VPN applications (UFO VPN, FAST VPN, Free VPN, Super VPN, Flash VPN, Secure VPN, and Rabbit VPN etc.) turned out to be unsecured, as a result of which attackers could gain access to users' personal data. The server stores information that allows identifying more than 20 million people.

    📌 The client base of the American hotel and entertainment company MGM Resorts is sold on the darknet for Bitcoins. According to the announcement, it contains data of 142 million customers.

Projects, Startups

    📌 The developers of the Brave browser, as part of a new partnership, have integrated the Gemini exchange widget, which allows you to trade and store cryptocurrencies on the platform. Gemini Trading Widget is available in the Nightly browser version for testing and development.

    📌 Canadian blockchain startup BlockCrushr has filed a lawsuit against the Ethereum accelerator ConsenSys, accusing it of stealing trade secrets. According to the plaintiffs, ConsenSys used the company's developments to launch the Daisy Payments payment platform. As a result, this project was launched a day before the release of its own platform BlockCrushr. BlockCrushr is seeking a ban on the use of its developments by ConsenSys, as well as compensation for damage caused.

    📌 Aave decentralized lending protocol raised $3 million through the sale of LEND tokens to Framework Ventures and Three Arrows Capital. The funds received will go to the further development of global decentralized money markets.

    📌 In the second quarter, the inflow of investments into cryptocurrency funds managed by Grayscale Investments amounted to a record $905.8 million, which almost doubled the previous maximum recorded in the first quarter of the year — $503 million.

    Blockchain, Stablecoins

    📌 The aggregate volume of transferable value in stablecoins exceeded that of Bitcoin for the first time. In June, the volume of transferable value in stablecoins exceeded $2 billion, while for Bitcoin it dropped below $1.8 billion. Since May, stablecoins have twice approached BTC.

    📌 The Chinese authorities reported on the implementation of distributed ledger technology in the activities of 140 government services. Blockchain has allowed government officials to ditch paper certificates and cut 40% of their maintenance costs.

    📌 An unknown user first moved 50 BTC mined on May 24, 2010.

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    The content of this article is for informational purposes only and should not be construed as investment advice. We ask you to do your research.