πŸš€ Compound Governance Token begins trading - Does that mean you can literally Buy Voting Rights? βš–οΈ

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    πŸš€ Compound Governance Token begins trading - Does that mean you can literally Buy Voting Rights? βš–οΈ

    "Bitcoin is a High Tech Cry for Help" sounds like the next slogan, right?

    Hello Geckos,

    Is Steve Forbes (the man behind Forbes Magazine) secretly a bitcoiner We'll never know until he "doxx" himself..


    However, he did gave us a very quotable "Bitcoin Is a High-Tech Cry for Help".


    While He did mentioned the typical nocoiner's criticism of Bitcoin's perceived shortfalls, he did address them as challenges.

    He asserts that "cryptocurrencies have to be extremely easy and frictionless to use" before we see mainstream use.

    "Eventually, with all of the brainpower being applied to it, someone will do it," he adds.


    Today's newsletter will highlight Ethermine giving their miners a payday, DASH using DASH to buy gold, and Compound taking the next step in decentralized governance.


    Enjoy the next 2 minutes and 46 seconds!

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    Ethermine will distribute mysterious $2.4 million fee to miners


    Ethermine pool, which facilitated one of the three abnormally-high-fee transactions, has decided to distribute all 10,668 ETH mining fees to its miners.


    Ethermine said that it had given the sender a "sufficient" amount of time to contact them for a possible refund.

    While numerous parties tried to come forward to claim ownership of the funds, none has been able sign valid signature of the sending account.

    (Editor: PAAAAYDAAAAY!)


    TheBlockCrypto

    Is Dash now "backed" by gold?


    The Dash (DASH) Investment Foundation (DIF) has launched a Dash-to-gold rebalancing strategy in order to grow its gold and Dash reserves while reducing volatility.


    DIF is an Investment firm created by the Dash DAO as to "invest in its own ecosystem".

    The rebalancing strategy aims to grow the value of the capital held by the DIF.


    (Editor: It may sound weird, but the typical finance guy will tell you it's a good business move as an investment firm.)


    CoinTelegraph

    Compound governance token begins its first day of trading


    COMP, the governance token of decentralized finance (DeFi) lending protocol Compound.Finance, is now trading on Uniswap.


    Compound first unveiled the governance token in February, kicking off its plan to transition control of the protocol from the company to token holders.


    A vote on a proposal to distribute COMP to users was recently passed with an overwhelming majority by the initial token holders. 


    Around 2,880 COMP will be distributed daily across the eight lending markets on Compound.


    TheBlockCrypto

    Cold Wallet


    Wallets that are stored offline and can only be connected to the internet through physical effort (eg. plugging in the USB, turning on a hardware wallet). This provides an extra layer of security compared to wallets that are stored on devices connected to the internet (eg. phone wallet).


    Think of them as gold that you bury in your grandmom's backyard as it takes more effort to "cash out" on them.


    Learn more terms with the CoinGecko Glossary

    Read more on CoinGecko

    Track everywhere.

    Stay connected with us.



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