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Twitter Hack, Unmovable Bitcoin and 20 Crypto Jokes

There is never a dull week in the cryptoverse and this week was no exception (except BTC price). Bitcoin miners now have to sweat more as mining difficulty reached a new all-time high, while Twitter had serious security issues that led to more than 13 BTC being stolen. Meanwhile, PayPal has been making “secretive crypto steps,” while Revolut opened its crypto trading service for US customers. Chainlink (LINK) has entered the top ten coins by market cap, while the crypto market sentiment improved significantly, whereas Grayscale reported that its buying more BTC than miners currently generate.

DeFi space had another interesting week as well, as DeFi ‘Incident’ on Uniswap brought a lucky trader massive profit in minutes. Vitalik Buterin said that DeFi-powered yield farming is unsustainable, while the “yield farming frenzy” did not boost the DeFi user numbers. However, the frenzy might to continue, as a recent DeFi initial exchange offering (IEO) on Gate.io got oversubscribed a whopping 45 times.

It wasn’t all quiet on the stablecoin front, too. Regulators are increasing regulatory scrutiny on Tether (USDT), thus paving the way for central bank digital currencies (CBDC). Japan became another country to consider issuing its own CBDC, while the “central bank of central banks,” The Bank of International Settlements is still not sure whether stablecoins can help cross-border payments at all.

And now, we’d like you to meet 20 crypto jokes of the past week.

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Just another day at the office.

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By the way, someone got a video and pictures of the Twitter hack.

Twitter Security Team from r/CryptoCurrency

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You probably missed this, but...

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And Peter Schiff, too!

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Me: Mom, let’s buy bitcoin!
Mom: We have bitcoin at home.

Bitcoin at home:

So my mom brought it from local shop from r/Bitcoin

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I am never going to financially recover from this.

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An honest fundraiser.

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Education is key.

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This has been the most exciting week in crypto this summer.

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Error 404 - Bitcoin not found.

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Moon pls.

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Just wait for it...

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This is our new normal.

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No u.

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Satoshi would be proud.

it really be like that from r/Bitcoin

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Son, I am disappoint.

Governments when you buy bitcoin from r/Bitcoin

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When you ask for an uncorrelated asset.

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Shoo, shoo!

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Real magic.

me explaining you can buy a fraction of a bitcoin from r/Bitcoin

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Volume up.

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