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🚀 New Law in Russia may Legalize Trading Crypto, still cannot buy Coffee with bitcoin though ☕

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Hello Geckos, Warning from Vitalik; "reform Ethereum (ETH) or rising transaction fees could undermine the security of the network" Welp! we certainly hope the developers find a way to overcome the high fees problems plaguing the world's reportedly most used blockchain. Especially because soon we may be seeing our favourite crypto feline with a side of Dr. Seus. In other news, we might be seeing the end of the tunnel with Eth 2.0 possible coming as soon as November this year, yeay! Today's newsletter will talk about Robinhood not allowed back to Sherwood Forest, Russia's new crypto law, and DeFi's new milestone. Hope you find this edition's CoinGecko Newsletter useful!

Happening tonight! Join us as we Discuss the Report and hear insights into Cybersecurity in Crypto. For those of you who joined in on the Meetup last week, we're terribly sorry for the technical issues that forced us to postpone the event. Thanks for sticking with us through the wait! That being said, we're rescheduled the event to a new date for a Take 2: Date: Wednesday, 22 July 2020 Time: 10:00 AM EST (UTC -4)  [Check your local time] The Meetup Agenda is unchanged, we will be discussing the findings of our newly published second Quarterly Report 2020. After that, we will be tackling the topic of crypto's cybersecurity together with cybersecurity expert, Dyma Budorin (CEO of Hacken Group). Reserve your slots here 24h Hot searches worldwide 👀 Ampleforth (+4.9%) IRISnet    (+96.7%) 🤔 yearn.finance (+33.7%) Meta   (-23.1%) Trustswap  (+19.2%) Aleph.im    (+104.1%) 🤔 Orion Protocol   (+14.4%)

Robinhood postpones its UK launch indefinitely Robinhood, a crypto-friendly trading app popular in the US, has shelved its plans to expand to the UK. "A lot has changed in the world over the past few months, and we've made the difficult decision to postpone our UK launch indefinitely," a spokesperson said. The trading platform also sent out a message to its UK waitlist to inform them of the decision.  (Editor: Robinhood, as you know, was recently plunged into hot water when a teenage user committed suicide after seeing an erroneously displayed $700k+ negative balance on his account) Decrypt Trading crypto will soon be legal in Russia, but don't buy coffee with bitcoin yet Previously, a bill was introduced in Russia that would make any business issuing or trading crypto using Russia-based infrastructure illegal. Now, a more neutral draft has been suggested, which suggests that crypto is a kind of property that can't be accepted as a means of payment. The draft is on it's way to being formally introduced,  and is supposed to come into force in January 2021. "The only thing outright prohibited is taking crypto as payment for goods and services" says lawyer Mikhail Uspensky. "But buying a cup of coffee for bitcoin is still a kind of exotic thing anyway," (Editor: How nice of the Russian Government to tell it's people to hodl their coins instead of spending on stuff! 😂)   CoinDesk DeFi Space grew by $1 Billion TVL within 2 weeks Over the past couple of weeks, over $1 billion flowed into DeFi applications. This brings the total value locked (TVL) in these Dapps to a whopping $3 billion. It took 2.5 years to reach the $1 billion TVL mark. The current surge in growth can be attributed to Compound when it started to distribute its COMP governance token on June 15, which shot up in price soon after.  Since then, a slew of new DeFi applications have emerged, most of which allow yield farming. (Editor: How much more you think will DeFi's TVL numbers grow?) Decrypt

Block Confirmation When a new block of information has been verified for addition onto the blockchain, it has one confirmation. Each additional blocks added onto the blockchain gives the referenced block another additional confirmation. The further back a block is on the blockchain, the more costly it becomes to reverse it (through malicious means). Block confirmation is typically used by crypto exchanges to consider a cryptocurrency transaction final to protect themselves against bad actors who aim to reverse transactions after depositing (known as double spending). Learn more terms with the CoinGecko Glossary Read more on CoinGecko

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