Bitcoin News Roundup for July 16, 2020
With much of the social media world reeling from Wednesday's massive, unprecedented breach at Twitter HQ, CoinDesk's Markets Daily is back with another bitcoin news roundup.

With much of the social-media world reeling from Wednesday's massive, unprecedented breach at Twitter HQ, CoinDesk's Markets Daily is back with another bitcoin news roundup.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
This episode is sponsored by Bitstamp and Crypto.com.
CORRECTION 18:22 UTC: In the episode we reported numbers of transactions derived from incomplete data.
Corrected totals are:
MORE THAN $1000 - 17 Transactions
MORE THAN $100 - 90 Transactions
MORE THAN $1 - 156 Transactions
LESS THAN $1 - 65 Transactions
Today's Bitcoin News:
Twitter Hack Used Bitcoin to Cash In: Here's Why
You can send bitcoin from your phone or computer to anyone else, just about anywhere in the world. And once you’ve sent it, you can’t get it back.
Twitter Breach Reactions: Security Professionals Offer an Early Assessment
OpSec pros had a wide array of opinions on Wednesday's Twitter breach, but they all agreed the fault did not lie with each hacked account's owner.
Hackers Take Over Apple, Uber, Prominent Crypto Twitter Accounts in Simultaneous Attack
Everything We Know About the Bitcoin Scam Rocking Twitter's Most Prominent Accounts
Twitter’s thin veil of security went into full meltdown at 19:00 UTC on Wednesday. Within hours, even Barack Obama’s account was compromised.
Twitter Says 'Coordinated Social Engineering' Attack Caused Bitcoin Scam
Twitter says "a coordinated social engineering attack" against an employee caused Wednesday's massive takeover.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Protocol Research: GoPlus Security

What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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DOT Sinks 2% After Breaking Key Support

The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.










