{"id":1196,"date":"2020-07-31T19:38:05","date_gmt":"2020-08-01T02:38:05","guid":{"rendered":"https:\/\/synq.tech\/a\/?p=1196"},"modified":"2020-07-31T19:41:43","modified_gmt":"2020-08-01T02:41:43","slug":"july-31st-weekly-recap","status":"publish","type":"post","link":"https:\/\/synq.tech\/a\/2020\/07\/31\/july-31st-weekly-recap\/","title":{"rendered":"July 31st 2020 &#8211; Weekly Recap"},"content":{"rendered":"<h1 style=\"text-align: center;\">Weekly Recap<\/h1>\n<pre style=\"text-align: center;\">July 24th - July 31st, 2020<\/pre>\n<p>Welcome to our weekly recap for July.<\/p>\n<h2><strong>Overview\u00a0<\/strong><\/h2>\n<h2><a href=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/07\/july-31-weekly.png\"><img loading=\"lazy\" class=\"aligncenter size-large wp-image-1224\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/07\/july-31-weekly-1024x630.png\" alt=\"\" width=\"1024\" height=\"630\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/07\/july-31-weekly-1024x630.png 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/07\/july-31-weekly-300x185.png 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/07\/july-31-weekly-768x473.png 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/07\/july-31-weekly-1536x945.png 1536w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/07\/july-31-weekly-2048x1260.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/h2>\n<h2>Crypto News<\/h2>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><strong><a href=\"https:\/\/news.bitcoin.com\/hackers-transfer-28-million-worth-of-bitcoin-from-2016-bitfinex-breach\/\">Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Breach<\/a><\/strong><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: none;\">\n<div id=\"node-1\" class=\"article-pharagraph\">\n<div id=\"node-1\" class=\"article-pharagraph\">\n<p>The Bank of England\u2019s upcoming settlement service is being designed to support a possible central bank digital currency (CBDC). The new settlements system is being designed that the bank could incorporate a facility for digital currency transactions, should it decide to support a CBDC.<\/p>\n<\/div>\n<\/div>\n<ul>\n<li><strong><a href=\"https:\/\/news.bitcoin.com\/americans-to-buy-bitcoin-with-their-second-stimulus-checks-after-initial-investment-turned-in-50-profit\/\">Americans to Buy Bitcoin With Their Second Stimulus Checks After Initial Investment Turned in 50% Profit<\/a><\/strong><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: none;\">\n<div id=\"node-1\" class=\"article-pharagraph\">\n<div id=\"node-1\" class=\"article-pharagraph\">\n<p>Instead of buying groceries or paying rent, many Americans opted to invest in the top cryptocurrency when they received their first stimulus checks in April. And the gamble paid off. Those that converted the free money to bitcoin have raked in up to 54% in profit in three months.<\/p>\n<p>Now, history may be about to repeat itself.<\/p>\n<\/div>\n<\/div>\n<ul>\n<li><strong><a href=\"https:\/\/www.independent.co.uk\/news\/world\/americas\/us-economy-gdp-latest-coronavirus-trump-pandemic-a9645881.html?utm_source=reddit.com\">US suffers worst economic decline on record in second quarter as GDP contracts by 32.9%<\/a><\/strong><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: none;\">\n<div id=\"node-1\" class=\"article-pharagraph\">\n<div id=\"node-1\" class=\"article-pharagraph\">\n<p>The United States has suffered its worst economic decline on record with the nation\u2019s gross domestic product (GDP) contracting by 32.9 percent in the second quarter. Most analysts expect the economy to manage a sharp bounce-back in the current July-September quarter. Yet with confirmed coronavirus cases elevated in a majority of states, the economy could worsen in the months ahead.<\/p>\n<\/div>\n<\/div>\n<ul>\n<li><strong><a href=\"https:\/\/www.coindesk.com\/bank-england-settlement-system-support-digital-pound\">Bank of England Building Payments Network to Support a Potential Digital Pound<\/a><\/strong><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: none;\">Around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach were transferred from the hacker\u2019s wallet on Monday.The last time the Bitfinex hackers moved funds from the hack four years ago, they moved around $5 million worth of coins on June 24. This time around, the top crypto asset by market capitalization touched new price highs for 2020 on July 27.<\/li>\n<li style=\"list-style-type: none;\"><\/li>\n<li style=\"list-style-type: none;\"><\/li>\n<li style=\"list-style-type: none;\">\n<div id=\"node-1\" class=\"article-pharagraph\">\n<div id=\"node-1\" class=\"article-pharagraph\">\n<div id=\"node-0\" class=\"article-pharagraph\">\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weekly Recap July 24th &#8211; July 31st, 2020 Welcome to our weekly recap for July. Overview\u00a0 Crypto News Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Breach The Bank of England\u2019s upcoming settlement service is being designed to support a possible central bank digital currency (CBDC). The new settlements system is being designed<\/p>\n","protected":false},"author":4,"featured_media":1222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[30,52],"tags":[81,91,92,89,87,88,94],"jetpack_featured_media_url":"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/07\/analysis-analytics-analyze-app1.jpg","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>July 31st 2020 - Weekly Recap &bull; SynQ<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/synq.tech\/a\/2020\/07\/31\/july-31st-weekly-recap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"July 31st 2020 - Weekly Recap &bull; SynQ\" \/>\n<meta property=\"og:description\" content=\"Weekly Recap July 24th - July 31st, 2020 Welcome to our weekly recap for July. 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