The CoinGeek Pulse: Episode 5

Another busy week in the blockchain and digital currency space brings us a jam-packed CoinGeek Pulse, kicking off with the Twitter hack. For those that missed it, hackers managed to commandeer some 130 high profile Twitter accounts, successfully tweeted from 45 of them, and stole BTC from unsuspecting users.

This week, Twitter released a report into the hack, coinciding with interest from the lawmakers in the U.S. and the FBI. Specifically, the authorities said they were concerned about the susceptibility of Twitter to hacking of this scale in the future, citing fears over possible election meddling, as well as similar types of fraud.

It’s worth pointing out that lawmakers could still reunite victims with their BTC with the knowledge and determination to do so. With a full audit trail written to the blockchain, all it needs is the will of enforcement agencies to bring the network to heel, and to freeze and return the tokens back to their owners that were part of the theft.

Other reports out this week suggest PayPal is getting ever closer to launching its own digital currency services, courtesy of its partnership with digital currency exchange Paxos. The proposals from PayPal would see the payments firm offering a platform to buy and sell digital currencies, allowing merchants to “integrate cryptocurrency buying, selling, holding and sending capabilities into their own applications.”

The deal would see a PayPal interface powered by the Paxos API, meaning custody and exchange is handled by Paxos directly. A future launch could see digital currency exchange reaching an even wider global audience, with the help of PayPal’s significant user base worldwide.

A new service called Dokkz has launched on Bitcoin SV, using the blockchain to verify and authenticate documents in various use cases. Providing tools for fast and effective validation, the platform hopes to help build trust in digital documents on the blockchain.

If you’re in the market for BSV, it doesn’t come much easier than BuyBSV.com. The online shop has rolled out to two new U.S. states—Iowa and Arizona—as well as to India and Hong Kong for the first time. With more demand for BSV than ever, it’s the quickest, simplest way to get the BSV you need, whether buying to spend, hold or build on Bitcoin.

New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.

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