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Apple Daily, a pro-democracy Hong Kong newspaper, has published a full-page ad on its front page promoting Bitcoin to its readers after the arrest of billionaire owner Jimmy Lai.
The number of Bitcoin addresses with over 1,000 BTC (around $11.5 million) in them has hit a new all-time high of 2,190, with over 7,868,823 BTC being held on these addresses. This means those in the so-called Bitocin Rich List have over $92 billion worth of the cryptocurrency.
Hackers have managed to break into the account of a CryptoTrader.Tax marketing and customer service employee on a support center platform, allowing them to download files with the data of over 1,000 customers.
Sponsored: Crypto.com Exchange is listing COMP on The Syndicate, where all Crypto.com Coin (CRO) stakers will be able to participate in a discounted sale event for 500,000 USD worth of COMP at 50% off. The event commenced on Tuesday, 25 August 6:00am UTC on the Crypto.com Exchange.
Top stories in the Crypto Roundup today:
- Hong Kong Newspaper Publishes Full-Page Bitcoin Ad
- Number of Addresses With Over 1,000 BTC Hits New All-Time High
- Hackers Steal Data of Over 1,000 Customers From Crypto Tax Reporting Service
- Sponsored: Crypto.com Exchange is listing COMP at 50% OFF
At the time of writing, bitcoin (BTC) is trading at $11,547.73 (-2.02%) with a daily Top Tier volume of $2.79 bn. As for ether (ETH), it is trading at $391.87 (-3.22%) with a daily Top Tier volume of $1.62 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 4,475.35 (-2.66%).
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Hong Kong Newspaper Publishes Full-Page Bitcoin Ad
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Apple Daily, a pro-democracy Hong Kong newspaper, has published a full-page ad on its front page promoting Bitcoin to its readers after the arrest of billionaire owner Jimmy Lai.
Images shared on Reddit show the ad featured a representation of the flagship cryptocurrency with the text “Bitcoin will never ditch you” right below it, adding in Cantonese: “Banks, it’s not you ditching me today. It’s me ditching you."
The ad criticized local banks, which are reportedly clamping down on customers supporting the independence of Hong Kong. It added a few simple explanations regarding the cryptocurrency, detailing that “nobody can stop you from transaction on the network,” and that BTC itself cannot be shut down.
It further pointed out Bitcoin’s genesis block was in 2009 and that BTC is “available to anyone regardless of their gender, identity, or beliefs.” According to Reuters, banks including Credit Suisse Group, HSBC Holdings, UBS Group, and Julius Baer Gruppe are broadening scrutiny to screen clients in Hong Kong for political and government ties.
This could be making it harder for some to access banking services or the financial system entirely. Bitcoin is a solution for those locked out of the financial system, helping bank the unbanked.
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Number of Addresses With Over 1,000 BTC Hits New All-Time High
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The number of Bitcoin addresses with over 1,000 BTC (around $11.5 million) in them has hit a new all-time high of 2,190, with over 7,868,823 BTC being held on these addresses. This means those in the so-called Bitocin Rich List have over $92 billion worth of the cryptocurrency.
The previous record, of 2,184 addresses with over 1,000 BTC, was seen on September 28, 2019. The increase in addresses on the ‘Rich List’ shows increased interest from institutional investors, which have been betting on BTC amid the coronavirus pandemic and the government’s response to it.
Speaking to Reuters George Ball, former chief executive of Prudential Securities and now CEO of Sanders Morris Harris, said bitcoin or another cryptocurrency are very “attractive” now, and hinted many “very wealthy” investors and traders turned to bitcoin.”
Billion-dollar business intelligence software firm MicroStrategy has, earlier this month, made a massive $250 million bet on bitcoin, investing in the cryptocurrency as part of its capital allocation strategy.
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Hackers Steal Data of Over 1,000 Customers From Crypto Tax Reporting Service
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Hackers have managed to break into the account of a CryptoTrader.Tax marketing and customer service employee on a support center platform. This access gave them access to customers’ names, email addresses, payment processor profiles, and messages that often contained cryptocurrency incomes.
The hacker took this information and put it up for sale on the dark web. David Kemmerer, co-founder and CEO of CryptoTrader.Tax, confirmed a hacker accesses the employee’s account on April 7, and that they downloaded a file with over 13,000 rows of information, including 1,082 email addresses.
The hacker also accessed market communications, referral numbers, commission earnings, and revenues from affiliates promoting CryptoTrader.Tax. The firm’s security team investigated the breach and found that its websites and tax filing account passwords were not compromised, and alerted affected parties.
It then took steps to improve its security and monitoring systems. CryptoTrader.Tax is operated by Kansas City-based Coin Ledger Inc., and allows users to import from 36 cryptocurrency exchanges and auto-generate crypto income gains and losses in tax reports exportable to popular tax preparation software TurboTax.
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Aave (LEND) is the Daily Mover
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Aave (LEND), a decentralized finance (DeFi) money market that allows users to earn interest on cryptocurrency and borrow against it, is today’s Daily Mover featured asset. It was launched through an initial coin offering (ICO) in which it raised $16.2 million as EthLend.
LEND’s FCAS score increased 2.85% in the past month, pushed by a 3.88% rise in User Activity, and a 2.73% rise in Market Maturity. Its Developer Behavior also went up by 1.88%. The price of LEND has risen over 3,600% since the beginning of the year, with most of the appreciation occurring in the last seven weeks, after Aave introduced credit delegations.
Credit delegations mean a user can delegate their credit line to another user they trust, allowing them to earn higher undercollateralized lending rates while the second user can source liquidity from Aave without collateral.
The platform also announced it would swap its native LEND token for a new AAVE governance token, in a bid to decentralize ownership of the Ethereum-based protocol. Aave v2 was also announced this month, with reduced transaction costs and an improved overall user experience.
Aave is betting on DeFi being able to beat interest rates offered in traditional finance. With credit delegation and its v2 marketplace, it’s uniquely positioned to provide liquidity for financial debt markets worldwide. The borrowers could be cryptocurrency exchanges, market makers, money lenders, institutions, businesses, NGOs and governments.
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Crypto.com Exchange is listing COMP at 50% OFF
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Crypto.com Exchange is listing COMP on The Syndicate, where all Crypto.com Coin (CRO) stakers will be able to participate in a discounted sale event for 500,000 USD worth of COMP at 50% off. The event commenced on Tuesday, 25 August 6:00am UTC on the Crypto.com Exchange.
Allocation:
Each participant’s maximum amount of CRO that can be applied towards the listing event will depend on the amount of CRO staked on the Crypto.com Exchange.
Subscription:
- Participants will be able to subscribe for COMP by contributing an amount of CRO tokens not exceeding their respective maximum allocation. Staked CRO tokens may not be used to subscribe for COMP in the listing event
- Participants will need to trade at least $5,000 USD worth of volume in the past 30 days on the Crypto.com Exchange in order to be eligible to subscribe
- The past 30-day trading volume is calculated daily at 00:50:00 UTC. For more information regarding exact cut off times, refer to our FAQ here.
Note: The trading volume can take up to 1 hour to calculate at most. To avoid any delays, we advise you to satisfy the trading requirement well in advance of the subscription timelines.
Event Timeline:
- 25 Aug 6:00am UTC: Sales Begins (COMP/CRO subscription price fixed)
- 26 Aug 6:00am UTC: Sales Ends
- 27 Aug 6:00am UTC: Acceptance Period Begins (unused CRO will be refunded immediately if you reject the allocation)
- 28 Aug 6:00am UTC: Acceptance Period Ends (CRO refunds will be distributed for forfeited participants)
Sign up for the Crypto.com Exchange, stake CRO and participate in the COMP sale now
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State of the Crypto by Top Tier Exchange Volume
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