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On July 16, Beijing time, the Twitter accounts of many celebrities were hacked, which raised the attention of the blockchain and is expected to promote the application of the blockchain.

Summary

Summary

Topic: Twitter security incidents increase blockchain attention and are expected to promote blockchain applications. As a well-known Internet company, Twitter has been successfully hacked repeatedly, which successfully reflects the vulnerability of traditional Internet giants in terms of security. In this Twitter security incident, Twitter's centralized control is the key to the success of this attack. As long as hackers successfully obtain Twitter's internal permissions, they can use the relevant permissions to do evil, and not just Twitter, any centralized Systems all present a similar single point of failure risk.

Quotes: There is a lot of pressure on the top, pay attention to the support below. The total market value of digital tokens this week was US$276.85 billion, a decrease of US$1.17 billion or about 0.4% compared to last week; the average daily trading volume was US$55.98 billion, an 8.7% decrease from last week, and the average daily turnover rate was 20.1% , down 2.1% from last week. The current price of BTC is 9151.4 US dollars, with a weekly decline of 1.4%, and the average daily trading volume is 15.5 billion US dollars. The current price of ETH is 232.77 US dollars, a weekly decline of 3.4%, and the average daily trading volume is 6.47 billion US dollars. This week, the BTC balance on the exchange was 2.360 million, a decrease of 11,400 from last week. The balance of ETH on the exchange was 13.333 million, a decrease of 89,000 from last week. Among the BICS secondary industries, the proportion of the banking service industry has increased significantly.

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Risk warning: regulatory policy risk, market trend risk

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1 Vulnerable Twitter, Attacking Blockchain

1.1 Twitter's large-scale fraud, or internal employees were bribed

Numerous well-known people's Twitter accounts were hacked. In the early hours of July 16th, Beijing time, a serious security problem broke out on Twitter, a famous foreign social networking site. Many Twitter accounts with a very high number of fans were hacked one after another, including the accounts of large exchanges, media and celebrities in the encryption industry, and later expanded to many global accounts. Well-known public figures, such as Bill Gates, Amazon founder Jeff Bezos, Tesla CEO Elon Musk, former US President Barack Obama, etc., had about 130 hacked accounts, and hackers defrauded more than 700,000 yuan of BTC.

Scammers ask fans for BTC, and the fraudulent methods are simple and rude. The Twitter accounts of these famous people all sent tweets, claiming to give back to the community, and if someone transfers money to their BTC address, they can receive double the return. Despite the extremely poor tactics of the scam, the scammers still received a large number of BTC transfers.

Twitter was attacked or because of "inner ghosts". After the hack, Twitter banned officially authenticated accounts from tweeting. According to media reports, the hacker was able to attack successfully this time because the hacker bribed a Twitter "insider".

1.2 Frequent security incidents in the history of Twitter have aroused public concern

Twitter security incidents have occurred frequently in history. In April 2013, the Twitter account of the Associated Press was hacked, falsely claiming that two explosions occurred in the White House and Obama was injured, causing the US stock market to plummet in a short period of time; in July 2016 and September 2019, Twitter CEO Jack Dorsey’s account Hacked twice, the last time posted 22 tweets in 15 minutes, issued racial remarks and bomb threats; for a while, Twitter banned users from changing their names to Musk because of the proliferation of deception in the name of Musk on Twitter .

The largest security incident has raised concerns. This Twitter security incident, in addition to causing substantial economic losses, has also aroused widespread concern in the media and the public. For example, many national politicians like US President Trump have always ruled the country on Twitter. will have a very serious impact.

1.3 Twitter security incident is expected to promote the adoption of blockchain technology

Hackers asked for BTC, and many practitioners took the opportunity to promote the blockchain. After the incident, mainstream media around the world carried out a large number of reports, exposing BTC to the general public. According to Cobra, co-owner of the website Bitcoin.org, these hackers have contributed more to BTC marketing than all those influential people on Twitter combined. Jason Williams, co-founder of Morgan Creek, said that the reason why hackers want BTC is because BTC is the only truly valuable currency. EOS founder BM said that "it is time for Twitter to adopt blockchain, and voice is already using blockchain technology. "

For blockchain investors, while the blockchain is developing rapidly, various scams are common. The good thing of "pie falling from the sky" will not happen for no reason. When you stare at the abyss, the abyss is also staring at you. When investors encounter investment opportunities, they should strengthen their awareness of anti-fraud, and make a decision after calm analysis.

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2 Market: There is a lot of pressure on the top, pay attention to the support below

2.1 The overall market: a slight decline

This week, the ChaiNext Digital Asset 100 Index closed at 849.6 points, down 0.9%. The ChaiNext Digital Asset 100X Index closed at 2337 points, up 0.03%.

This week, the total market value of digital tokens was US$276.85 billion, a decrease of US$1.17 billion or about 0.4% compared to last week.

The average daily turnover of the digital token market was US$55.98 billion, down 8.7% from last week, and the average daily turnover rate was 20.1%, down 2.1% from last week.

This week, the BTC balance on the exchange was 2.360 million, a decrease of 11,400 from last week. The balance of ETH on the exchange was 13.333 million, a decrease of 89,000 from last week.

The market value of USDT is 9.18 billion US dollars, and the premium of USDT relative to the US dollar remains basically unchanged.

2.2 Core Tokens: Declining Volatility

The current price of BTC is 9151.4 US dollars, with a weekly decline of 1.4% and a monthly decline of 3.5%. The average daily turnover is US$15.5 billion, and the average daily turnover rate is 9.2%.

The current price of ETH is 232.77 US dollars, with a weekly decline of 3.4% and a monthly decline of 0.1%. The average daily turnover is 6.47 billion US dollars, and the average daily turnover rate is 24.3%.

The volatility of mainstream digital tokens dropped this week. The monthly volatility of BTC decreased by 2.2% from last week; the monthly volatility of ETH decreased by 2.1% from last week.

2.3 BICS industry: the market value of banking services has grown significantly

Among the top five BICS (Blockchain Industry Classification Standard, Blockchain Industry Classification Standard) secondary industries, the proportion of the banking service industry has increased significantly; the proportion of the market value of the real asset industry has decreased significantly.

The BICS secondary industry with a relatively obvious increase in the number of tokens this week is payment and settlement, token asset management, and the most obvious decline is media content.

This week, the trend of BTC is relatively weak, and overall, it is still operating in a shock range. Market turnover continues to shrink, and the short-term moving average is dead cross. In the future, we still need to focus on the support of $8,900. Once it falls below the heavy volume, it may test the $7,000 mark.

Long-term currency holders may consider regular investment or bargain hunting. In the long run, BTC has a high investment value, and it is still a good time to invest in digital assets such as BTC. Long-term currency holders may consider regular investment or bargain hunting.

Long-term currency holders may consider regular investment or bargain hunting. In the long run, BTC has a high investment value, and it is still a good time to invest in digital assets such as BTC. Long-term currency holders may consider regular investment or bargain hunting.

3 Output and heat: BTC computing power drops, heat rises

This week, according to GoogleTrends, the search popularity of Bitcoin is 11, the search popularity of Ethereum is 12, and the search popularity of BTC has increased slightly compared with last week.

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4 Industry news: Ethereum 2.0 test network will be launched soon

4.1 The launch of the Filecoin mainnet is delayed again

According to the official Filecoin document, in the past few weeks, many problems have been improved, but the community called for the mining plan and competition conditions to be tested, so a two-week calibration period was added to facilitate the Filecoin Testnet incentive plan. Debug any issues that may arise before the official launch. Therefore, the big miner time is set as August 3rd, and the update mainnet launch window is from August 31st to September 21st.

4.2 Most of the work is completed before the launch of the Ethereum 2.0 testnet

Ethereum 2.0 developers say there is little left to do before launching the 2.0 testnet. This is a milestone and the final stage before the genesis block is mined. Danny Ryan, a participant in Ethereum 2.0, said that the launch date is expected to be announced next Monday or Tuesday.

Note:

Note:

Due to some reasons, some nouns in this article are not very accurate, mainly such as: general certificate, digital certificate, digital currency, currency, token, crowdsale, etc. If readers have any questions, they can call or write to discuss together.

Due to some reasons, some nouns in this article are not very accurate, mainly such as: general certificate, digital certificate, digital currency, currency, token, crowdsale, etc. If readers have any questions, they can call or write to discuss together.