30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $11,014
Bitcoin price is holding above the $11,000 mark today, as price action cools off from its recent run.
Top-20 altcoins have have a great recovery over the last 24 hours of trading, with all coins except one making a move to the upside. XRP had a 9% rise, while Ethereum gained 3%. EOS leads the way with a gain of almost 10%.
Top Stories for July 29, 2020
Hardware wallet manufacturer Ledger have fallen victim to a database hack, which resulted in the leak of 1 million customer email addresses and personal documents.
The hack occurred last month, but was revealed today by the company in a press release outlining the breach and Ledger’s subsequent actions.
Private keys and recovery phrases were unaffected by the hack, which only targeted the company’s marketing and e-commerce database.
The Cardano blockchain is scheduled to undergo its Shelley hard-fork today, with the team reporting that they expect no interruptions to the network.
The fork will introduce new features such as staking pools, delegation and rewards. Cardano founder Charles Hoskinson says he expects to see thousands of dApps and projects existing on the Cardano within a year’s time.
Ethereum founder Vitalik Buterin has expressed his concerns in a recent interview, regarding DeFi protocols and smart contract risk.
In the interview, Buterin explained that DeFi protocols still had a much greater chance of “breaking” that traditional finance platforms, and that even audited platforms still carried plenty of risk.
He continued to warn that users should not put their life savings into DeFi, as well as warning against the sustainability of DeFi yield farming.
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