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🚀 Crypto DeFi's favourite "WaiFu" Coin is inching closer towards BTC,

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Hello Geckos! 2 big price movements you should be aware of for today: Bitcoin has broken past $12,000 and is now bigger than an iconic American Bank. YFI is now above $10,000 range! Don't be sad if your favorite coin isn't on the list, you can always make your own. (stay tuned. we're announcing an announcement that will be sure to brighten up your day!) The crypto fever is so strong that even a bank has filed a crypto patent - it plans to "apply AI on social media to determine the best crypto picks". Today we're talking about ETC, A Crypto Debit Card, and the Global DeFi Alliance. May today's newsletter bless you with the crypto knowledge to power your trades!

24h Hot searches worldwide 👀 Trustswap                (+38.9%) Mantra DAO            (+51.4%) Membrana                 (+38.0%) Rarible                    (-12.7%) DIA                           (-11.5%) yearn.finance          (+54.3%) Curve DAO Token   (-18.1%) Sponsored Bitcoin and other cryptocurrencies are in high demand, now more than ever. AAX is the world's first crypto exchange to be powered by LSEG Technology, and enables you to invest, trade and manage wealth in a new way. With support for 20+ fiat currencies, 20+ spot trading pairs, derivatives products, lucrative savings products, and more opportunities to generate a passive income. AAX invites you to join the future of finance. Sign up today!

OKEx Considers Delisting Ethereum Classic Jay Hao, chief executive of OKEx is considering removing Ethereum Classic (ETC) from its exchange. However, given its popularity and standing, the exchange is not rushing into delisting.  The recent 51% attacks on Ethereum Classic caused OKEx to lose about $5.6 million. The exchange reimbursed all the lost ETC to its customers as part of its policy. OKEx has since increased the confirmation times for ETC deposits and withdrawals.   CoinDesk Chiliz and Socios Launch A Visa Debit Card Chiliz (CHZ) and Socios which specialize in blockchain-based fan tokens have released their new Visa debit card. With this new debit card, users will be able to earn fan tokens-powered financial rewards and club related benefits.  The Socios.com Visa debit card is being tested and will roll out for mainstream usage sometime in Q3 2020. It'll initially be available in 26 countries in the European Economic Area.  (Editor: Will you be getting one of these cards for yourself?) CoinTelegraph Huobi Joins Forces With MakerDAO and Compound To Promote DeFi Huobi has announced an initiative, dubbed the Global DeFi Alliance to "promote DeFi research and development, establish universal protocol standards and facilitate cross-border collaboration".  The consortium consists of MakerDAO (MKR), Compound (COMP), Nest Protocol (NEST), and dYdX. The alliance intends to admit more in the months ahead. CoinDesk

Smart contracts Smart contracts are a relatively new concept due to the impossibilty of a decentralized and unsupervised self executing contract prior to the creation of public blockchains. Unlike traditional contracts that relies on its participant's good faith to act on or enforced by a witness or notary, Smart contracts will execute its predetermined function as soon as its contract conditions are met. Just as cryptocurrencies made counterparty risk obsolete, smart contract removes the risk of contract defaults because it will execute autonomously and transparently. Learn about other Crypto terms here Read more on CoinGecko

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