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Bitcoin News Roundup for July 16, 2020

With much of the social media world reeling from Wednesday's massive, unprecedented breach at Twitter HQ, CoinDesk's Markets Daily is back with another bitcoin news roundup.

Updated Sep 14, 2021, 9:32 a.m. Published Jul 16, 2020, 4:00 p.m.

With much of the social-media world reeling from Wednesday's massive, unprecedented breach at Twitter HQ, CoinDesk's Markets Daily is back with another bitcoin news roundup.

STORY CONTINUES BELOW

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This episode is sponsored by Bitstamp and Crypto.com.

CORRECTION 18:22 UTC: In the episode we reported numbers of transactions derived from incomplete data.

Corrected totals are:

MORE THAN $1000 - 17 Transactions

MORE THAN $100 - 90 Transactions

MORE THAN $1 - 156 Transactions

LESS THAN $1 - 65 Transactions

Today's Bitcoin News:

Twitter Hack Used Bitcoin to Cash In: Here's Why

You can send bitcoin from your phone or computer to anyone else, just about anywhere in the world. And once you’ve sent it, you can’t get it back.

Twitter Breach Reactions: Security Professionals Offer an Early Assessment

OpSec pros had a wide array of opinions on Wednesday's Twitter breach, but they all agreed the fault did not lie with each hacked account's owner.

Hackers Take Over Apple, Uber, Prominent Crypto Twitter Accounts in Simultaneous Attack

Everything We Know About the Bitcoin Scam Rocking Twitter's Most Prominent Accounts

Twitter’s thin veil of security went into full meltdown at 19:00 UTC on Wednesday. Within hours, even Barack Obama’s account was compromised.

Twitter Says 'Coordinated Social Engineering' Attack Caused Bitcoin Scam

Twitter says "a coordinated social engineering attack" against an employee caused Wednesday's massive takeover.

For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.

Podcasts Markets Daily

Adam B. Levine

Adam B. Levine joined CoinDesk in 2019 as the editor of its new audio and podcasts division. Previously, Adam founded the long-running Let's Talk Bitcoin! talk show with co-hosts Stephanie Murphy and Andreas M. Antonopoulos.

Finding early success with the show, Adam transformed the podcast's homepage into a full newsdesk and publishing platform, founding the LTB Network in January of 2014 to help broaden the conversation with new and different perspectives. In the Spring of that year, he would go on to launch the first and largest tokenized rewards program for creators and their audience. In what many have called an early influential version of "Steemit"; LTBCOIN, which was awarded to both content creators and members of the audience for participation was distributed until the LTBN was acquired by BTC, Inc. in January of 2017.

With the network launched and growing, in late 2014 Adam turned his attention to the practical challenges of administering the tokenized program and founded Tokenly, Inc. There, he led the development of early tokenized vending machines with Swapbot, tokenized identity solution Tokenpass, e-commerce with TokenMarkets.com and media with Token.fm. Adam owns some BTC, ETH and small positions in a number of other tokens.

Lyllah Ledesma

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds a master's degree from New York University in Business and Economics and an undergraduate degree in Political Science from the University of East Anglia. Lyllah holds bitcoin, ether and small amounts of other crypto assets.