πŸš€ Word on the Street is that There is Now a new Top 25 Coin - Are you in the know? πŸ€”

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πŸš€ Word on the Street is that There is Now a new Top 25 Coin - Are you in the know? πŸ€”

Also, Did Reddit just used it's influence as a top social media to ask for an Ethereum Upgrade? Stonks!

Happy Friyay!

How do you put Land Rover and Bitcoin in the same sentence when talking to your 4WD enthusiast friends? This Video


Also, just as when absolutely no one was expecting it, Ernst and Young has released a Crypto Tax Calculator app to help their clients file their crypto gainz to the U.S. authorities. While everyone of us share pretty much the same view on taxation, the saying still goes; "Render unto Ceasar that is Ceasars". 🀷


By the way, let's address the unicorn elephant in the room. If you're not already aware, recently there is a new entrance to our Top 25 ranking. Read on to know more.


Today's newsletter will touch on Reddit's crypto rally (the original meaning, not the stonk market one), a new way to pay for your hotel and travel (if your local laws already allow it), and everyone's new favourite Ethereum token.


Hope you find this edition of The CoinGecko Newsletter useful to you!

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Reddit Seeks Scaling Solution for Ethereum-Based 'Community Points'


Reddit is accepting proposals to scale the Ethereum network in the wake of launching its new crypto project "Community Points".


"Our goal is to find a solution that will support hundreds of thousands of Community Points users on mainnet today" - a post of Reddit said.


According to the post, developers have until July 31 to submit the proposal and all demos need to simulate Community Points usage for 100,000 users.


(Editor: Having a social media giant invested in the protocol is very good news for not just Ethereeum but Crypto as a whole.)


CoinDesk

Travala adds ERD as mean of Payment


Binance backed travel platform Travala and TravelbyBit is adding Elrond (ERD) as means of payment for bookings on the platforms.


To commemorate the integration, Elrond is running an awareness campaign via its "Elrond Amplify" product.

Travala.com currently supports over 25 popular cryptocurrencies including bitcoin, ether, Litecoin (LTC), Binance Coin (BNB) and Binance Dollar (BUSD).

(Editor: Some countries might still restrict leisure travels as a means to tackle the ongoing pandemic. I just want to take this chance to say Stay Safe wherever you are!)


Elrond Blog

COMP Listed on Coinbase; Derivatives tradable on FTX


FTX is moving into the storm created by Compound's new governance token, COMP by launching derivative trading of the token.


The token was also recently listed on Coinbase amidst the exchange's consideration of adding more DeFi ecosystem tokens.


At the time of writing, COMP currently stands at Rank 25 by Market Cap. Overtaking MakerDAO as the highest valued DeFi token across all cryptocurrencies.


CoinDesk

EIP (Ethereum Improvement Proposal)


Refers to improvement proposals for Ethereum, used to introduce features or any updates on the Ethereum network. EIPs are akin to design/technical documents with details on the proposal and what needs to be done for a given proposal.


Learn more terms with the CoinGecko Glossary

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