TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Twitter bans posts with cryptocurrency addresses. BlockCrushr accuses ConsenSys of stealing code. The FBI & US Senate to probe Jack Dorsey on hack. Coinbase to list Algorand in main app. Secluded town in El Salvador adopts Bitcoin as currency, and Venezuela bans crypto mining in government built houses.
Twitter Bans Posts With Crypto Addresses
ℹ️ Due to anti-hack measures taken by Twitter the Whale Alert bot can no longer post any transfers and we cannot manually add them either. We hope Twitter will resolve the issue soon. Transfers are still being posted to our Telegram channel: https://t.co/vVRNZuovHX
— Whale Alert (@whale_alert) July 16, 2020
Twitter has forbidden cryptocurrency addresses in posts, according to reports from WhaleAlert, a service that posts notices of big transactions. When a user tries to tweet a message with a cryptocurrency address in it, the system appears to throw an error stating the request “looks like it might be automated. To protect our users from spam and other malicious activity, we can’t complete this action right now.” BTC, ETH, XMR, LTC, and XRP addresses are affected.
BlockCrushr Accuses ConsenSys of Stealing Code
BlockCrushr, a Canada based tech startup, accused Ethereum software company ConsenSys of stealing part of its code to launch a payment platform. In a formal complaint, BlockCrushr states after participating in the ConsenSys Tachyon Accelerator Program and detailing the structure of a recurring payments platform, they were betrayed by ConsenSys who later launched “Daisy Payments,” a similar platform to the one proposed. ConsenSys states the facts are different from the ones described by BlockCrushr.
FBI & US Senate to Probe Jack Dorsey on Twitter Hack
The FBI and other US-based agencies have announced several investigative probes regarding the Twitter hack that compromised control of accounts belonging to high profile individuals in a cryptocurrency scam. According to Reuters, the FBI announced a federal investigation of the incident, and Roger Wicker, chairman of the commerce committee, asked for a full briefing on the issue “as soon as possible, but no later than July 23, 2020.” The hackers might have had help from an insider, according to an article published by Vice.
Coinbase Will List Algorand
Coinbase, the US based crypto exchange, announced it will bring Algo, the official token of the Algorand project, to its main platforms. Before, the cryptocurrency was only available for users of the Coinbase Pro platform; now, Algorand will be present on Coinbase.com and in iOS and Android apps. Recently, Algorand was also named among the cryptocurrencies that would be included in new pairs that extended fiat support in Coinbase, and it has been elected by Tether to establish USDT on top of it.
El Salvador’s El Zonte Adopts Bitcoin as Currency
A secluded town in El Salvador known as El Zonte, started a Bitcoin-based circular economy project after having received a multi year donation to propel its economy. According to an article published by Forbes, the town implemented Bitcoin as a means of exchange for buying all sorts of goods, and has also established youth work programs, educational grants, transportation and universal cash transfers to 600 families, all funded with Bitcoin, in an initiative came to be known as “Bitcoin Beach.”
Venezuela Bans Crypto Mining in Government Built Homes
#EnVideo 📹| Queda prohibido instalar equipos de minado de criptomonedas en urbanismos de Gran Misión Vivienda Venezuela por su alto consumo de energía, informa ministro de Hábitat y Vivienda, Ildemaro Villarroel #CuarentenaRadicalYSegura pic.twitter.com/awfqy9OaIM
— VTV CANAL 8 (@VTVcanal8) July 15, 2020
The Venezuelan government issued a ban on mining operations in government built homes, according to statements made by Dwelling Minister Ildemaro Villarroel. Villaroel stated it was forbidden to install cryptocurrency miners in these areas because it causes severe electrical problems to the power structures associated with housing projects. The economic crisis and the restrictions exerted on economic activities as a result of the coronavirus pandemic has caused the establishment of mining operations in the country.
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