TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Founder and CEO of Twitter Jack Dorsey, had his personal account hacked. China denies launch of national cryptocurrency. Critical Lightning Network security vulnerabilities detected. XRP trader advocating for hard fork gets death threats. Bitcoin cash among the cryptocurrencies with the least bagholders, and CME posts record futures trading numbers.



Twitter Jack Hacked

We're aware that @jack was compromised and investigating what happened. — Twitter Comms (@TwitterComms) August 30, 2019

Twitter founder and CEO Jack Dorsey was apparently hacked, and his personal account on the popular social media platform was compromised. For a few posts, the hijacked account tweeted offensive and triggering words in an obvious attempt to embarrass Dorsey. An official Twitter company communication account explained this was the result of a “security oversight” from a mobile provider that allowed “an unauthorized person to compose and send tweets via text message from the phone number.”

China Central Bank Denies Rumors of Central Cryptocurrency Launch

Refuting media reports of launching a state-backed cryptocurrency in the coming months, #China's central bank termed them as "inaccurate speculation." pic.twitter.com/Sb4tQVPD3G — Global Times (@globaltimesnews) August 28, 2019

The Central Bank of China denied rumors spread about the supposed launch of their national central bank digital currency, qualifying such notions as “inaccurate speculation.” The news that contributed to fuel the fire about this issue was published by Forbes, mentioning September 11 as the possible launch date. Despite this, Binance Research stressed the supposed launch was highly unlikely due to the “low priority” the bank had on this issue.

Lightning Network Critical Vulnerabilities Detected

Bitcoin’s Lightning Network, the supposed second layer solution to slow BTC confirmation times and high fees, has been hit with the discovery of several security vulnerabilities that could cause users to lose cryptocurrency. According to the original post, three projects would be affected by this critical vulnerability: c-lightning, lnd and eclair, a popular Lightning wallet. The vulnerability itself will be disclosed next month, giving users running these projects sufficient time to update their clients.

XRP Trader Announces Community Takeover, Gets Death Threats

Sadly taking some time off twitter… Received numerous death threats over the $XRP fork and I’m continuing to get personal attacks over my past. To those having a good time, thanks for the support and I’ll see you soon 🙏 — CRYPTO BITLORD (@Crypto_Bitlord) August 28, 2019

Crypto Bitlord, a well-known Twitter XRP personality and trader, announced a community takeover of the cryptocurrency and proposed a hard fork to end Ripple’s price dumping. In return, the account has reportedly received numerous death threats and attacks. The trader announced as a result of these threats he will be taking some time off Twitter, and thanked the support of his followers. Crypto Bitlord started a petition on Change.org for Ripple, an XRP-based company, stop dumping the price with its continuous selloffs.

Bitcoin Cash Among Cryptocurrencies with the Least Bagholders

For any address with a positive balance, ITB identifies avg price at which tokens were acquired, indicating if the address is at profit or loss. Metrics as of today

Addresses at profit:#BTC 75%#BCH 87%#LINK 50% Addresses at loss:#ETH 80%#LTC 62%#ADA 80%#DASH 79%#ZEC 99% pic.twitter.com/dDilW2t8sD — intotheblock (@intotheblock) August 29, 2019

Research by Into the Block, a blockchain analytics boutique with AI support, has shown bitcoin cash, along with BTC and chainlink, are the cryptocurrencies with the least bagholders (addresses with money lost). There are, however, pretty big cryptocurrencies with an important number of losing addresses. The top cryptocurrency with most bagholders is Zcash, with 99% of its addresses having lost value over time, followed by Ethereum and Cardano, with 80% each.

CME Bitcoin Futures Trading Reaches ATH Values

Bitcoin Futures traded at the Chicago Mercantile Exchange (CME) are breaking volume records, with more than $370 million dollars exchanged everyday. Year to date, the number of contracts traded rose 132% compared with the same period last year. This seems to be the result of greater institutional interest in these new assets, along with revival of cryptocurrency market prices generally during the two first quarters of this year.

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DYOR: CoinSpice is your home for just spicy crypto things. We’re not affiliated with any cryptocurrency project or token. Each published piece is intended for information purposes only, not investment advice and not in the hope of impacting speculative markets. There are plenty of trading sites and coin-specific advocacy journals out there, we’re neither. CoinSpice strives for rigorous accuracy in our reporting. Information presented here is contingent usually on a host of factors, and the ecosystem moves fast — prices change, projects change, and at warp speed. Do your own research.