Crypto News Recap - A Brazen Bitcoin Heist on Twitter - Stories from July 17th - July 24th 2020

Dear Bank, HODL My Crypto
+ DeFi getting more love from traders than Bitcoin!

News Recap Synopsis and additional links found on the unchainedpodcast.com website: https://unchainedpodcast.com/?p=2830&preview=true

Big news this week, as the Office of the Comptroller of the Currency gave US banks the authority to custody crypto. This definitely seems it can be attributed to the fact that the currency acting Comptroller is Brian Brooks, the former chief legal officer of Coinbase. It also marks a turnaround for the crypto industry and its relationship to banks, who have long shunned the industry, making it difficult for even VC-backed firms to find and maintain banking relationships. Meanwhile, as Ethereum 2.0 gets closer, an analysis finds out what will be needed to keep it secure, and as DeFi continues to take off, traders who love Bitcoin’s volatility have been turning their sights on DeFi tokens. Plus, we get some good analyses of the rise in automated market makers such as Uniswap, Curve and Balancer, and also a dissection of how an engineered attack was behind the MakerDAO liquidations that occurred for $0 on Black Thursday. Finally, find out everything about YFI.

US Bank Regulator Grants Banks Authority to Custody Crypto
https://www.theblockcrypto.com/post/72628/us-bank-regulator-crypto-custody

Will Ethereum 2.0 Be Easier to Attack Than Ethereum 1.0?
https://medium.com/@thomasborgers/ethereum-2-0-economic-review-1fc4a9b8c2d9

China's State-Backed Blockchain Network Integrates with Six Public Chains
https://www.coindesk.com/chinas-blockchain-infrastructure-to-extend-global-reach-with-six-public-chains

Visa and Mastercard Expand Crypto Efforts
https://usa.visa.com/visa-everywhere/blog/bdp/2020/07/21/advancing-our-approach-1595302085970.html

With Bitcoin Volatility Hitting Record Lows, Traders Turn to DeFi
https://www.theblockcrypto.com/daily/72051/as-bitcoins-volatility-hits-new-lows-traders-are-turning-to-defi-and-options

Understanding the Rise of Automated Market Makers
https://medium.com/dragonfly-research/what-explains-the-rise-of-amms-7d008af1c399

Mempool Manipulation Resulted in the Theft of $8M in MakerDAO Collateral on Black Thursday
https://blog.blocknative.com/blog/mempool-forensics

Fun Bits
What’s the Big Deal With YFI?
https://www.coindesk.com/troll-token-why-defi-yield-farmers-are-now-all-about-yfi

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