The Brief Crypto News - Ep 2 Jul 2 2020

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3 years ago

Greetings,

and welcome to Brief Crypto News Ep.2.

What Is NFT

  • NFT (non fungible token) is a block chain token that represents a unique asset

  • Can be traded and stored in a wallet

  • it can be a photo/image/GIF, a game skin, or character, or even an internet address.

  • Currently there is a huge market about NFT and can reach hundred of thousands dollars

Balancer Pool

  • Balancer is an automated market maker DeFi

  • Hacked at Sunday, after exploiting a protocol bug. About $500k funds were stolen, in ETH and other tokens

  • Balancer Team seems to be aware of this said bug, from a bug rreport two months ago.

  • Tweeted on Monday that they will cover all the lost funds.

  • Reports for a second hack, a day after he first.

Facebook Boycott

  • Last week's ad boycott against Facebook.

  • Many major advertisers have joined the "Stop Hate for Profit" Campaign.

  • The social media company try to solve the issue.

Market overview

  • Market Cap at $267,5 billion

  • Bitcoin hovers over $9k as number 1

  • ETH $232 at second place

  • Tether at third place and as it seems has reach the $10b market cap in circulation.

  • XRP forth trading at $0.1777

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