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📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $11,389
Bitcoin price is testing short-term resistance at $11,400 once again today, after ranging another 24 hours in the low $11,000s.
Top-20 altcoins have mostly traded flat over the last day, as Ethereum, Bitcoin Cash, and Bitcoin SV remain almost unchanged. XRP has fallen 2.5%, while Binance Coin is the largest gainer with a 5% rise.
Top Stories for August 5, 2020 🔥
👉 Bitfinex Offers $400M for Return of Bitcoin from 2016 Hack
Bitfinex has publicly offered up to $400 million as a reward for assistance leading to the return of the 120,000 Bitcoins stolen in the 2016 hack of their exchange.
The announcement, posted on the official Bitfinex website, states that 5% of the assets recovered will go to whoever connects the exchange with the hackers, while the hackers themselves will receive 25% of the returned assets.
The 120,000 Bitcoins have a current market value of $1.3 billion.
👉 Square’s Cash App Generates $875M in Q2 Bitcoin Revenue
Square’s Cash App service has generated $875 million in revenue during the second quarter of this year, almost tripling that of the first quarter.
Gross profit from Bitcoin revenue in Q2 stands at $17 million, a figure which is steadily growing to capture a larger proportion of Square’s total gross profit.
👉 Opyn DeFi Contract Exploit Results in $370K Stolen USDC
An exploit of Opyn’s ETH Put contract has resulted in the theft of $370,000 worth of USDC tokens, in a “double exercise” attack.
The attacker used a flash loan to buy the put tokens (oETH) on UniSwap, and upon a double-use of the options, managed to recover both their ETH deposits and USDC collateral.
Opyn has since removed liquidity from Uniswap, while it investigates the attack further.