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Bloomberg Says there will be a Tether Flippening, What do you think of That? 🤔

Also, are we seeing the first chest move that will make Ethereum a part of US Central banking SOP?

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Happy Friyay Readers! While the US central banks go on with their BRRR shenanigans, Fed Chair Jerome Powell just gave a shout-out to an Ethereum-powered financial tool. Cool! BitMEX also just sponsored a second full time Bitcoin Core developer to the tune of $100K USD. Most Bitcoin (if not the whole crypto) developers often buidl on a voluntary basis, good on BitMEX. BTW, "Bart Simpson" is now a legit term to use when the pros do Technical Analysis. Today's Newsletter touches on Vice news talking about crypto, Bloomberg's USDT prediction, and a DEX breaking a new milestone. Enjoy the next 3 minutes and 6 seconds! 24h Hot searches worldwide 👀

Bitcoin (+2.71%) Ethereum (+2.26%) Basic Attention Token (+5.8%) Cardano (+0.3%) Measurable Data Token (+29.6%) 🔭🔭 Zilliqa (+0.1%) DFOhub (+36.8%) 👀👀

Sponsor There's a better way to get in the crypto game! eToro lets you build a portfolio with the world's most popular cryptocurrencies, in minutes. They give you the research tools to make educated decisions, and they give you access to a host of experienced traders for advice and commentary. Plus, with just a click, you can allocate funds to a ready-made portfolio managed by professionals. Discover the world's leading social trading platform. Get the app today! Blockchain has the potential to reinvent the gaming industry in a way that we will see a new class of games Ever since the inception of Cryptokitties in 2017, a multitude of game projects have harnessed the openness and decentralized nature of blockchain such as smart contract based games, non-fungible tokens, and multiverses. Fast forward today in 2020, while blockchain gaming is making in-roads, game developers and entrepreneurs still face many problems and issues. Some of these common challenges include scalability, tokenomics, community building, and marketing. CoinGecko will be hosting 3 innovators in this space to share their thoughts on the industry, their challenges, their lessons learnt, and the future of blockchain games. Register for the event now Exchange CEO confirms data was stolen by a former employee Canadian crypto exchange Coinsquare said that an internal theft last year by a former employee resulted in stolen client data. According to CEO Cole Diamond, the individual is trying to tarnish Coinsquare's reputation over a theft that happened in the past. Details of the incident were included in a story published earlier this week by news outlet Vice. TheBlockCrypto "Only a Matter of Time Before Tether Overtakes Ether as #2" - Bloomberg A report from Bloomberg that provides a crypto market outlook for June says that it expects Tether (USDT) to surpass Ethereum in market capitalization. The report notes the growth of Tether's market capitalization as one of the main drivers for the appreciation of Bitcoin. "Absent an unlikely reversal in predominant crypto trends, it should be a matter of time until Tether passes Ethereum to take the No. 2 spot in total assets behind Bitcoin." - The report said. (Editor: The fact that a prestigious institution such as Bloomberg made a crypto-focused report may tell more than the contents on the report itself) CoinTelegraph DeversiFi gets an upgrade, targets pro traders The upgrade aimed at professional traders uses ZK-STARK tech to enable more than 9,000 transactions per second. The DiversiFi upgrade also brings self-custodial control for digital assets. Without needing to deposit or withdraw from trades. The DiversiFi upgrade also introduces the Data Availability Committee, which records token balances off-chain. This committee ensures that if the exchange goes offline, trades can still withdraw any tokens held in DeversiFi smart contracts. Decrypt

Stale Block Peer-to-peer proof of work mining may sometimes result in more than 1 blocks being mined in the same height, often due to broadcast delays. When this occur, the network will infer the longest resulting chain as the truth, whereby the blocks within the shorter chain will be regarded as Stale Blocks. Learn more terms with the CoinGecko Glossary Read more on CoinGecko

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