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.
Twitter hacked, Beijing plans to become the capital of blockchain, Zcash has become more anonymous
Hackers hacked the Twitter accounts of Apple, Elon Musk and Bill Gates for the sake of bitcoins. On the night of July 15, the pages of Bill Gates, Barack Obama, Kanye West, Elon Musk, as well as other famous personalities and companies were hacked and involved in a fraudulent scheme with the most popular cryptocurrency – bitcoin. Attackers on behalf of someone else promised readers to double all bitcoins that will be sent to the specified address. Blockchain.com reports that in an hour the criminals managed to attract at least 4 BTC in the amount of $ 40 thousand.
Later, Twitter revealed some details of the recent hack. The attackers used social engineering tools to gain access to the data of employees who can control accounts, including verified ones. The screenshot below shows a list of all affected accounts in chronological order of their hacking.
Twitter also found out that the hackers' target was 130 verified accounts, from some of them the scammers were able to publish records about the fake distribution of bitcoins. Publication restrictions have been imposed on compromised accounts, and work is underway with their owners. Little is known about the hacking of the company, the management is trying to determine what other information hackers could have accessed.
Analysts managed to find out that one of the wallets used by the attackers was seen on the BitMEX and Coinbase exchanges and has a long trading history. Wallet address: 1Ai52Uw6usjhpcDrwSmkUvjuqLpcznUuyF. Perhaps Coinbase will be able to verify this client.
In connection with the incident, US Senator Josh Hawley demanded an explanation from the head of Twitter Jack Dorsey regarding the security measures of the social network.
On the morning of July 16, the bitcoin exchange rate declined slightly, after which an influx of cryptocurrencies to the exchanges was recorded. This was reported by the analytical company CryptoQuant. For example, on the Kraken exchange recently, the volume of deposits per day averaged 500 BTC, and now this volume has increased almost 10 times per day — up to 4,229 BTC. This suggests that traders are planning to make a profit during an increase in volatility. According to experts, the rate of the main cryptocurrency may continue to fall to about $ 8,800.
China plans to become the center of blockchain development in the next two years. The Beijing authorities have released a document entitled "Action Plan for development and innovation in the field of blockchain in Beijing", designed for 2020-2022. Thus, the city should be the first to integrate blockchain technology into the economy and become an influential center of innovation in the field of distributed ledger.
At the moment, 140 applications for public services in Beijing use blockchain, and a detailed implementation plan has been released for many more applications. These include applications for real estate registration, Housing Commission, Tax Bureau and Public Security Bureau.
A Heartwood hard fork occurred on the Zcash network. The update will allow anonymous cryptocurrency miners to maintain confidentiality: the reward for processing transactions will go to secure Zcash addresses that hide the amount and addresses of the transaction. You can confirm a transaction even with minimal information, the block header is enough.
The Whale Alert Twitter account, which publishes data on the movement of large amounts in cryptocurrencies, has restored its work after time constraints. The service account was among the victims of the hacker attack on the social network and could not publish information.
The capitalization and value of Algorithand jumped to a new high after listing on Coinbase. On the night of Friday, July 17, the price of ALGO rose to $0.378 (+30%), and the capitalization exceeded $ 300 million. Trading volumes have also increased – four times a day.
The fund of the Russian company ”Aton", which accepted investments in the Telegram Open Network, offered one of the depositors to return only 21% of the investments instead of 72%. The company explained that they could not return the required amount of funds due to the fact that investing through the fund is not the same as investing directly in TON. In this case, we are talking about buying fund shares, not Gram tokens.
Read also: Simple Tips for Protecting the Privacy of Cryptocurrency Transactions
