Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
Bitcoin rally: the number of whales has increased dramatically, stablecoin transactions have set a record in volume
The number of Bitcoin whales has increased dramatically by 38%. Such a rise occurred due to the growth of the main cryptocurrency exchange rate for the week by 16% to $ 11,000 (Glassnode data). We are talking about unique accounts whose balance exceeds $ 1 million in bitcoins. Today there are already 18 thousand of them.
Gold fell, bitcoin rose. On July 28 and 30, the price of the precious metal sagged noticeably, despite the collapse of the dollar. But the cryptocurrency market is confidently holding a growth position. This week, the capitalization of bitcoin amounted to 205 billion, which is 1.62% of the capitalization of gold.
Hackers gained access to the internal data of Twitter employees using phishing. The company said in a blog post that the attack was carried out on mobile phones to gain access to 130 social network accounts, but was able to compromise and send false entries from only 45 of them.
Decentralized exchange Uniswap has overtaken Gemini, Poloniex and Binance US combined in daily trading volume. This indicator for the exchange exceeded $123 million and reached a third of Coinbase's turnover, or 52% of the total turnover of cryptocurrency exchanges (data from Dune Analytics). More than half of Uniswap's trading is occupied by two tokens: Antiample and Ampleforth.
A record in the market of stablecoin transactions – the daily volume reached $ 5 billion. This information was provided by the analytical company CoinMetrics. The activity of stable coins increased against the background of bitcoin's growth to $ 11,000. More than half of these transactions took place on the Ethereum blockchain.
Analyst Kai Yang Ju noticed that cryptocurrency whales transfer stablecoins and bitcoins to exchanges, as a result of these actions, the further trend of the crypto market is determined.
The average size of the commission in the Bitcoin network increased by 8 times (up to $5.8), in the Ethereum network – almost 4 times (up to $1.9). This growth happened in just a month. The maximum value of the commission was only in December 2017 – $55 in the bitcoin network.
The Dogecoin blockchain was used for hidden mining. The attackers created malware based on the Dogecoin blockchain and carried out hidden mining on users' devices. The software turned out to be stable enough to be invisible for six months and therefore dangerous. Cyberpolice was unable to detect the virus thanks to the blockchain of the popular token at its core.
Hackers stole and withdrew $837,000 from Belarusian banks into cryptocurrencies. Members of an international cybercriminal group hacked into payment terminals in the United States and sent requests to the banks to return purchases. The funds were cashed out at ATMs in different countries, they were exchanged for cryptocurrency and transferred to dummy accounts. The final amount of damage has not yet been established.
We previously wrote: PayPal's launch of buying cryptocurrencies could lead to tothemoon
