Double-Spend Vulnerability Found in Popular Bitcoin Wallets – July 2

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,219

Bitcoin price has broken back above the $9,200 mark again today, as price action continues to remain somewhat un-volatile in the low $9,000s.

Top-20 altcoins have mostly remained steady, with a 1% increase for Ethereum, and almost no change for XRP. Chainlink and Stellar have risen almost 4% each, while Cardano steals the show with a 12% gain.

Top Stories for July 2, 2020 🔥

👉 Double-Spend Vulnerability Found in Popular Bitcoin Wallets

Research from Bitcoin wallet company ZenGo has revealed a vulnerability in several popular Bitcoin wallets, which may enable double-spending.

The bug is said to exploit a flaw in Bitcoin’s replace-by-fee function, which allows users to swap unconfirmed transactions with one with a higher fee. ZenGo says this may lead to large losses in funds, and possibly preventing the user from being able to use their wallet again in the future.

Ledger and BRD are reported to have already released patches on their apps to prevent the attack.

👉 DEX Trading Volumes Hit All-Time High of Over $1.5B in June

Decentralized exchanges (DEXes) have logged their highest volume month of all time in June, with a combined volume of $1.5 billion across all DEXes.

The data, sourced from Dune Analytics, shows a 70% increase in DEX trading volume from May,  and more than a four-fold increase from June last year.

The largest contributors were Uniswap and Curve, which together contributed 53% of the total trading volume.

👉 Cryptocurrency Ownership Soars by 73% in the UK Since 2019

The UK Financial Conduct Authority (FCA) has reported a 73% increase in cryptocurrency ownership since 2019, according to new figures from their 2020 crypto-asset consumer research report.

The report shows that around 3.86% of the UK’s adult population owns crypto assets, while less than a third of the population has never heard of Bitcoin or cryptocurrency before.