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π Would you Relinquish Control of your Life to a group of Token Holders? π€
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π Would you Relinquish Control of your Life to a group of Token Holders? π€
Also, did you see the upgrade we made for the CoinGecko Trust Score? Read on for more!
Hi Geckos! How has your week gone so far? Remember the mining craze of 2017/2018? Apparently, Nvidia was sued by investors for "lying" about cards being sold for crypto-mining and "convoluting" sales numbers between mining cards and gaming cards.
(Editor: Isn't it weird that neither Nvidia nor AMD has acknowledged the mining craze as a factor for increased sales of their cards during the boom?)
Nvidia is now on a legal gymnastics against the court to dismiss a lawsuit claiming they misrepresented $1.126 billion (that's alot of ETHs) in sales being driven by demand in the gaming industry (in the middle of a crypto mining mania), asserting that at the time "was impossible to know the exact purpose for which customers were purchasing the GPUs" Owl Really?? Onwards to a positive note, an independant analyst suggested that crypto P2P trades have increased by up to 3x in many African countries over the past 3 months. Cool!
Read On for news about COMP yield farming, Wirecard's effect on crypto, and a peculiar token with literally a Frenchman's profile picture as its logo.
Hope today's CoinGecko Newsletter is interesting to you! | | |
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| | | There's a smarter, easier way to buy, sell, and trade assets. eToro gives you a streamlined and seamless platform with which to check on the market and trade like a professional. Access original features like CopyTrader, which lets you browse Popular Investors and automatically mimic their trades. Want to test the waters before diving in? No problem — eToro lets you experiment with a $100k virtual portfolio. Get the app today, and learn why 13 million users worldwide trust eToro. | | | We have just updated our Trust Score to incorporate Hacken's CyberSecurity Score!In May 2019, we launched our Trust Score to become the first major crypto data aggregator to have a comprehensive exchange ranking methodology beyond just trading volume.
Building on the success of Trust Score's earlier iterations, our partnership with Hacken is another step forward in improving transparency in the crypto space. Read More about the new Trust Score | | 24h Hot searches worldwide π | | |
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Token holder can make life decision on behalf of world's first "person ICO"Frenchman Alex Masmej, 23 years old, recently raised $20,000 on Ethereum by tokenizing himself. Now, he is relinquishing partial control of his life decisions to holders of his $ALEX (ALEX) token, from whether to take a run or eat only veggies. Alex is not the first person to experiment with the "shareholders control my life" idea, though he is the first to apply a crypto twist. Mike Merril, who first IPO'ed himself, even went as far ahead as letting shareholders decide "Whether I should marry my girlfried". (Editors: Alex literally staked his reputation and future decision-making for crypto. On the other hand, having a group of people invested in one's success and well-being may also be a good thing) CoinDesk | COMP holders vote to change yield farming rules on CompoundThe Compound community has voted to change the rules governing COMP token distributions. The change would curtail the "yield farming" phenomenon occurring on the plaform, removing the incentive for lenders and borrowers to push to extreme levels of utilization. This change will activate on the protocol in two days following a predefined timelock schedule. (Editor: Yield farmers be like 'Noooooo!') Decrypt | | Crypto-Wirecard saga: UK authorities lift suspension, allows Crypto.com and TenX to resume serviceThe U.K.'s Financial Conduct Authority has lifted restrictions imposed on Wirecard Card Solutions (WCS), which was used by Crypto Card startups Crypto.com (CRO) and TenX (PAY).
Crypto.com and TenX's Visa debit cards, issued by WCS, are now reactivated.
However, another crypto card company using WCS - Cryptopay (CPAY), has not yet made any announcements. (Editor: Crypto debit card companies get affected through no fault of their own, this should be a wake up call to be wary of the central/commercial banking sectors shenanigans hidden from public view until too late.) TheBlockCrypto | |
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| Wash TradeWash trading is a way to artificially inflate the trading volume of any tradable assets on an exchange. To wash trade, a single party becomes both the buyer and seller to trade the asset back and forth at high speeds. This activity will be conflated into an exchange's regular trading volume to appear as if ther are a lot of trading activity on the market. This is usually done either by a "market maker" to help a coin appear appealing to trader or by an exchange itself to trick traders into thinking they are trading in an active exchange. Learn more terms with the CoinGecko Glossary | | | |
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