{"id":1279,"date":"2020-08-16T19:59:17","date_gmt":"2020-08-17T02:59:17","guid":{"rendered":"https:\/\/synq.tech\/a\/?p=1279"},"modified":"2020-08-16T19:59:17","modified_gmt":"2020-08-17T02:59:17","slug":"august-16-2020-weekly-recap","status":"publish","type":"post","link":"https:\/\/synq.tech\/a\/2020\/08\/16\/august-16-2020-weekly-recap\/","title":{"rendered":"August 16 2020 &#8211; Weekly Recap"},"content":{"rendered":"<h1 style=\"text-align: center;\">Weekly Recap<\/h1>\n<pre style=\"text-align: center;\">August 10th- August 16th, 2020<\/pre>\n<p>Welcome to our 2nd weekly recap for August.<\/p>\n<h2><strong>Overview\u00a0<\/strong><\/h2>\n<h2><a href=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/08\/aug-16-weekly.png\"><img loading=\"lazy\" class=\"aligncenter size-large wp-image-1280\" src=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/08\/aug-16-weekly-1024x630.png\" alt=\"\" width=\"1024\" height=\"630\" srcset=\"https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/08\/aug-16-weekly-1024x630.png 1024w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/08\/aug-16-weekly-300x185.png 300w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/08\/aug-16-weekly-768x473.png 768w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/08\/aug-16-weekly-1536x945.png 1536w, https:\/\/synq.tech\/a\/wp-content\/uploads\/2020\/08\/aug-16-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:\/\/www.coindesk.com\/tor-network-compromised-single-hacker-stealing-users-bitcoin-report\">Tor Network Compromised by Single Hacker Stealing Users\u2019 Bitcoin<\/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>A single malicious entity controls nearly a quarter of all nodes used on the anonymous internet provider Tor Network and is using its position to steal bitcoin and other cryptocurrencies.<\/p>\n<\/div>\n<\/div>\n<ul>\n<li><strong><a href=\"https:\/\/cointelegraph.com\/news\/venezuela-may-soon-be-collecting-taxes-in-crypto\">Venezuela May Soon Be Collecting Taxes in Crypto<\/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 Bolivarian Council of Mayors in Venezuela signed the so-called &#8220;National Tax Harmonization Agreement&#8221; for 305 municipalities in the country, including the Petro (PTR) as a means to collect payments of taxes and sanctions.<\/p>\n<p>The cryptocurrency is becoming increasingly widely used as the result of a new campaign.<\/p>\n<\/div>\n<\/div>\n<ul>\n<li><strong><a href=\"https:\/\/news.bitcoin.com\/bitcoin-and-gold-correlation-reaches-record-high-70-bolstering-btcs-store-of-value-credentials\/\">Bitcoin and Gold Correlation Reaches Record High 70%<\/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<div id=\"node-0\" class=\"article-pharagraph\">\n<p class=\"text \">Both bitcoin and gold have risen sharply throughout 2020, driven by relentless fiat money printing by governments and central banks, keen to keep their economies afloat in the wake of the coronavirus pandemic.<\/p>\n<\/div>\n<div id=\"node-1\" class=\"article-pharagraph\">\n<p>BTC\u00a0hit a yearly high of $12,000 just as gold soared to a record high of $2,000 per ounce.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<ul>\n<li><strong><a href=\"https:\/\/news.bitcoin.com\/coinbase-to-offer-bitcoin-based-cash-loans-of-up-to-20000-across-17-us-states\/\">Coinbase to Offer Bitcoin-Based Cash Loans of up to $20,000 Across 17 US States<\/a><\/strong><\/li>\n<\/ul>\n<\/li>\n<li style=\"list-style-type: none;\">In a blog post on August 13, Coinbase unveiled its new crypto lending business, which places it into competition with the likes of Nexo and Blockfi. The service charges an annualized interest rate of 8% for borrows that are one year or less.<\/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 August 10th- August 16th, 2020 Welcome to our 2nd weekly recap for August. Overview\u00a0 Crypto News Tor Network Compromised by Single Hacker Stealing Users\u2019 Bitcoin A single malicious entity controls nearly a quarter of all nodes used on the anonymous internet provider Tor Network and is using its position to steal bitcoin and<\/p>\n","protected":false},"author":4,"featured_media":1260,"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\/08\/btc-bitcoin-cryptocurrency-crypto-money-currency-coin-finance-mining1.jpg","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>August 16 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\/08\/16\/august-16-2020-weekly-recap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"August 16 2020 - Weekly Recap &bull; SynQ\" \/>\n<meta property=\"og:description\" content=\"Weekly Recap August 10th- August 16th, 2020 Welcome to our 2nd weekly recap for August. 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