Blockchain Today Weekly Digest

24 Aug — 30Aug

The FBI has arrested one of the main criminals trying to hack Tesla for $4 million Bitcoin price. Read about this and other news in our weekly digest.

1. Entire value locked in Aave doubled in just two weeks

Aave, which is one of DeFi lending protocols has been on fire recently. It introduced new features and as a result, the stock value was increased.
The total amount locked in Aave reached about $1.3 billion (170%) from August, so it doubled since August 10.

It’s important to mention the rise in price. For instance, the LEND token now trades for $0.69.

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2. Polkadot has a chance to appear in top 3 blockchain

DOT value has tripled almost in eight days which proves again that this project can reach more.

Major cryptocurrency funds think that Polkadot hasn’t revealed its whole potential yet and can become one of the top 3 cryptocurrencies. At the moment it’s listed as the sixth-largest digital asset. Almost a week ago it was listed on Binance and later the value of DOT was tripled.

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3. IRS is mailing Tax Warning notes to digital asset users

According to the posts on social media, the Internal Revenue Service is directing crypto tax warning notes (dated August 14, 2020) to US taxpayers. This proves another time that the government makes efforts to take the crypto tax space under control.

Some users published their letters online. The essence of them was that all the transactions must be accurately reported, otherwise enforcement activities like penalties will be organized.

Read more on Blockchain Today

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