| | |  Rebecca |  | | |
Market Watch Bitcoin has slipped further during Friday trading as it edges its way closer to the $9,000 mark. The drop in value follows the reported Twitter hack earlier this week. | Bitcoin | $9,097 | -0.26% | | Ethereum | $232 | -0.14% | | Tether | $0.999 | -0.27% | | XRP | $0.192 | +0.37% | | Top 100 Winner: Ampleforth | $2.52 | +42.53% | | Top 100 Loser: Nexo | $0.185 | -4.36% | Prices are as of 2:00 p.m. ET.
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New evidence suggests that the Twitter hack may have been led by a group of young hackers. The findings from researcher Brian Krebs and cybersecurity firm Unit 211B show that one of those involved may be a 21-year-old male from the U.K. by the name of Joseph James Connor, who currently lives in Spain. It's not yet known if he acted alone. Security experts said the hack likely isn't over yet. More: - Earlier this week, Twitter accounts, including those of former U.S. president Barack Obama and Tesla founder Elon Musk, were hacked to broadcast a crypto scam – attackers promised to send $2,000 for every $1,000 sent to a Bitcoin address.
- The U.S. Federal Bureau of Investigation (FBI) is investigating the hack, Reuters reports.
- The scammers reportedly earned nearly $120,000.
BUSINESS INSIDER 
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Japan should back the establishment of a U.S. digital dollar, according to an executive from the Japanese crypto exchange Fisco. Takaya Nakamura said that Japan doesn't have the "national power to do something independently" and that the Japanese government should encourage the U.S. to develop its own central bank digital currency (CBDC). Nakamura added that Japan could then work with other countries to have some influence on the development of a digital currency. Nakamura's comments come at a time when China is advancing with a digital yuan, which, in recent months, has seen trials in four Chinese cities.
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Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Kosala Hemachandra, CEO and founder of MEW. In an email sent to me, Hemachandra spoke about the recent Twitter hack. Hemachandra said that Wednesday's hack could have been more disruptive if the perpetrators had tried to influence certain stocks such as Tesla's, or even crypto assets, instead of launching an obvious, repetitive scam. He said that the attackers' main goal was not to steal money but to demonstrate full control over Twitter accounts. The fact that Twitter employees have the ability to control accounts on the site speaks to a wider issue that the company needs to address, Hemachandra said.
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 Malaysia's regulator said that crypto exchange Binance can't operate in the country. Binance was added to the Securities Commission Malaysia's list of unauthorized businesses. According to the regulator, Binance is "operating a recognized market without authorization from the SC." To date, only three crypto platforms have received approval from the regulator: Luno, Sinegy, and Tokenize. They were given the green light last June. SECURITIES COMMISSION MALAYSIA
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 A message from LOHIKA Join us for Lohika Rethink, a series of thought-provoking live webinars with visionary leaders in tech and culture. On July 30, our host Raman Frey welcomes guest Jordan Burton, advisor to Bay Area VCs and tech companies including Matrix, Sequoia and Twilio. Webinar includes breakout rooms for all our participants – fellow founders, executives, and developers like you. REQUEST AN INVITE
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 Around $1.4bn worth of Bitcoin has been laundered through crypto platforms this year, according to blockchain security firm Peckshield. The top ten exchanges that have been used to launder money are Huobi, Binance, OKEx, ZB, Gate.io, BitMEX, Luno, HaoBTC, Bithumb, and Coinbase, the findings show. Huobi accounted for over 40,000 Bitcoin, worth $364m, while Binance came in second with more than 25,000 Bitcoin, worth $227m, laundered through the platform. DECRYPT
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Quick Hits - A New York man has been arrested for defrauding $4.5m from investors in a cryptocurrency scheme.
- Sorare, an Ethereum blockchain-based fantasy football game, has raised $4m in a funding seed round. Launched just over a year ago, Sorare lets users collect cards based on professional players, which can then be used to compete with other users.
- CEOs and CFOs talk the winners and losers of the office of the future.*
*This is a sponsored post.
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 |  | This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. | | | | Editor | Edited by Eduardo Garcia in New York. Eduardo is a graduate of the Columbia Journalism School M.A. Science program and writes regularly for the New York Times Climate Fwd: newsletter. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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