A current summary where you can learn about the most relevant news in the crypto world, so that you are always aware of the most recent and notable events taking place in the crypto ecosystem.
📍The launch of a new programming language was announced for Bitcoin, which will make it easy to write smart contracts on the network. Minsk is a the language high-level programming based on miniscript, another programming language developed by Bitcoin Core that allows network developers to expand and improve their programming capabilities in the Bitcoin system. Nadav Ivgi, who made the announcement through his Twitter account, noted that the programming language was also implemented in Peace, while the source code is available at GitHub under the software license MIT, created by the Massachusetts Institute of Technology.
📍Recently, the difficulty network mining Bitcoin decreased by 3%, according to data shown by statoshi.info. Now the network difficulty is positioned at 16,8 T, a positive event for miners who now, together with the increase of Bitcoin above $11.000 USD, can obtain better daily profits. However, the decrease in network difficulty, which had reached a maximum level of 17,3 T by mid-July, is related to a descent in the hash rate of Bitcoin, which went from 123,8 EH/s to 120,6 EH/s a few days ago.
📍In the United States, the recent news that commercial banks will be able to provide services as cryptocurrency custodians is bringing great benefits to digital asset service providers, who are adopting new features to improve their services and provide support for more cryptocurrencies. In this sense, Uphold announced the integration of several cryptocurrencies to its platform, including Cardano (ADA) y EOS. For its part, the British blockchain firm Revolut expanded its services to more than 49 states in the United States through a partnership with Paxos.
📍Augur, a plataform blockchain based on Ethereum for predictive markets announced the successful launch of a new version, which resolves several existing problems and vulnerabilities in the platform. In addition, the update integrates new features focused on ecosystems DeFi. The platform now has support for DAI and for other popular products within the growing DeFi ecosystem.
📍On the other hand, on the fifth anniversary of Ethereum, the co-founder of the platform, Vitalik Buterin, warned the crypto community about the possible risks of exploits in the smart contracts in DeFi. Buterin said that the main risk in the ecosystem is that many people underestimate the exploits in smart contracts, so he called on the community to be cautious when dealing with DeFi products and not risk their life savings.
📍Finally, the censorship by YouTube against various channels and information videos about cryptocurrencies, continues, while the platform turns a blind eye to the complaints carried out by several people affected by false advertising, which seeks to scam unsuspecting users. YouTube has an algorithm capable of verifying and voluntarily censoring content created and presented by third parties on the platform, if it is deemed that said content is inappropriate and affects users. However, it seems that censorship is selective and that the algorithm is successful in blocking and even eliminating educational videos that talk about cryptocurrencies, while remaining ineffective against fake advertisements that promote the same scams for months. Targeted advertising has become one of the most profitable and lucrative ways to generate income on social platforms. Is this the reason why YouTube does not remove advertising, even if it is false and represents a great risk for users?
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