Welcome to the daily crypto news :

• Presidential Campaigns and Tiktok: Bad Crypto News of the Week ;

• 5G will change the world. China wants to lead the way ;

• Bitcoin App Bottlepay Is Back From the Dead With a New Lightning App ;

• Hacker Stole 336 BTC from Crypto Exchange Cashaa ;

Presidential Campaigns and Tiktok: Bad Crypto News of the Week

Check out this week’s Bad Crypto podcast.

It’s been another good, stable week for Bitcoin. No big breakout yet but also no sudden collapse and a comfortable rise of around 1.6 percent. If that sounds like Bitcoin is becoming a bit predictable, don’t rest too easy. Some analysts see this sideways period as the prelude to a big move—either up or down. Other analysts, though, are more positive. They see Bitcoin in the same place that Apple was in pre-iPhone days. They think it could reach $60,000 by 2023.

If that happens, participants in a new German guerrilla marking campaign will be doing a lot of people some valuable favors. The Ideas Are Like Flames collective is distributing stickers extolling Bitcoin and urging people to adopt “freedom money.” Participants can even receive 675 Satoshis for every sticker they stick.

But maybe they should be buying Dogecoin instead. That’s something that TikTok users are doing. Buying Dogecoin has become a trend with TikTok users telling each other they could make a fortune if the price hits a buck. The new demand quickly pushed up the price of the coin by 20 percent and it’s now more than double the price it was at the start of the week. Dave Portnoy, founder of Barstool Sports, hasn’t been the only one to shake their heads at what’s clearly a pump-and-dump scheme.

Talking of spin and exaggerated claims, interesting crypto things are happening in the world of politics. Kanye West, a friend to Bitcoin, is no longer a friend to Donald Trump. The rapper has said that he’ll be standing for the US presidency. He won’t be alone. Brock Pierce, Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, has said that he’ll be running for the White House too.

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5G will change the world. China wants to lead the way

China isn't the only country jockeying for control. The US dominated 4G's expansion and expects to do the same now.

China is moving full steam ahead on 5G, barely slowed down by a pandemic that has ravaged the world. This is setting up a race between the nation and the US, which led the way with 4G cellular technology and wants to keep its pole position in this next generation.

5G is the next generation of wireless technology rolling out across the world, promising to deliver much faster wireless service and a more responsive network. It's ability to connect more devices and offer real-time feedback is expected to spark a sea change in how we live and work, ushering in new advances like self-driving cars to advanced augmented reality experiences.

The country that leads in the deployment of 5G could gain an edge in rolling out these future technologies. And just as the US benefited from the crop of services and businesses that emerged from 4G -- think everything from livestreaming on Facebook to ride-sharing services like Uber -- many believe 5G will spark a similar renaissance of new businesses.

There's another reason why both China and the US are eager to lead in this area -- any work on 5G will contribute to countries controlling key intellectual property that will influence the development of future wireless technologies.

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Bitcoin App Bottlepay Is Back From the Dead With a New Lightning App

The social payments app Bottlepay (née Bottle Pay) aims to relaunch in the next few weeks, after shuttering due to regulations in December 2019.

After restructuring the bitcoin wallet product to fit Europe’s anti-money laundering directive (AMLD5), the British startup is offering an exchange wallet with social features on Reddit, Twitter and Discord. Bottlepay co-founder Pete Cheyne said there are over 1,000 people on the waitlist for the closed beta relaunch in August.

“Because we’re moving to an app-native product there’s a lot more we can do,” Cheyne said. “We’re also adding in the ability to have scheduled payments to buy more bitcoin.”

Square’s Cash App and others already offer this feature in the United States, but in Europe, where Bottlepay is focused, there’s even an added feature that forwards the bitcoin to another wallet address if desired. This means users may choose custodial or non-custodial services.

“Lightning works in the background, without users having to manage channels,” Cheyne added. “There will be a small fee for exchanging between fiat and bitcoin, and vice versa. … There will also be tiers because people are interested in our app for different use cases.”

Bottlepay CEO Mark Webster said his team of 11 employees has “constant funding” from their angel investors, who previously traded equity for $2 million in 2019. Webster added the company won’t support tokens in the near future, although it might someday. This year it is all about bitcoin.

“I think Lightning is at the core of the strategy,” Webster said, referring to the bitcoin scaling solution. “As consumer demand increases we can open more channels.”

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Hacker Stole 336 BTC from Crypto Exchange Cashaa

Cryptocurrency exchange Cashaa said hackers took 336 bitcoin from one of its wallets. The company has stopped all crypto-related transactions.

U.K. based cryptocurrency exchange Cashaa reported hackers took more than 336 Bitcoin. The company has stopped all the crypto-related transactions, however, prima facia users are not affected by this hack.

In a media brief shared with Cointelegraph, Kumar Gaurav, CEO of Cashaa said that one of their wallets was compromised and more than 336 Bitcoin was sent to the hacker. He also suspects that hacker is from east Delhi, India. The company has filed a cybercrime incident report to the Delhi crime bureau with acknowledgment number 20807200031555 under the cryptocurrency crime category.

Cashaa suspects malware was installed onto the computer used to make exchange transfers like user withdrawals. The malware notified the hacker when an employee logged into the account at 1:23 pm on July 10 and made two transfers from the wallet. Cashaa was using a Blockchain.com wallet to store and send BTC. Kumar said to Cointelegraph:

“We are still investigating the damage caused by the incident and suspend all the withdrawals for 24 hours. We have called the board meeting to decide whether the company will bear all the losses.”

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