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Hello Geckos! Davey Day Trader said he's going to be a Millionaire from Bitcoin by the end of September. Will it actually become true? Regardless whether it will become true, 98% of all Bitcoin is now worth more than when people are buying them. Checking in on the DeFi space, more BTC are being bridged into Wrapped Bitcoin (WBTC) and renBTC (rBTC) than there are bitcoin being mined into existence each day. What is Bridging, you ask? By "bridging" BTC into the Ethereum network, users can use the ERC-20 tokenized Bitcoins as if the Bitcoin is on Ethereum itself. Admittedly, this still quite a new concept - being able tokenize a cryptocurrency onto another blockchain in a decentralized and permissionless way. There are also other new DeFi phenomenons you should be aware if you want to keep up in the space. You can do so by reading CoinGecko's first published book - How to DeFi! Today we're talking about the world's first ever cryptocurrency city (fingers' crossed), Binance fighting crime, and the world's first ever bitcoin transaction signed in space. Read on!

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Most people have never heard about this kind of farming before, have you? The hottest buzzword in crypto today is "yield farming," which allows people to earn fixed or variable interest by investing crypto in a DeFi market.  As the newest trend in crypto, investors in the space need to understand what it is and how it works. With that, CoinGecko will be hosting with 3 innovators to share their thoughts on Yield Farming, the current talks about it and, its potential.  Date: Wednesday, 26 August 2020 Time: 10:00 - 11:00PM EST (GMT -4) [Check your local time] Speakers • Bobby Ong - CEO, CoinGecko (Moderator) • Michael Gu - Founder, Boxmining • Kerman Kohli - Game Master / Founder, ARC Register for the event now! Binance Helped Take Down A Money Laundering Operation Binance's internal data security team aided Ukrainian cyber police in taking down an alleged money laundering operation dealing in crypto. The operation is said to have distributed ransomware, and washed hacker funds worth $42 million.  Binance's "Sentry" division worked with blockchain analytics firm TRM Labs to detect and identify the group. Arrests were made in June 2020, and Ukrainian Cyber Police managed to seize $200,000 in equipment. Decrypt Construction On Akon City Set To Begin Soon American singer Akon's futuristic Akon City is set to begin construction in Senegal. While a firm date for construction hasn't been announced, it will be carried out in the next few months and will be completed in 2023.  The city is set to be a futuristic technology hub powered by Akoin, its own cryptocurrency. Development is expected to cost over $6 billion, and $4 billion has been secured by engineering firm KE International for construction.  (Editor: Would you live in Akon City?)   CoinTelegraph SpaceChain Signs First Outer Space Multisig BTC Transaction SpaceChain - which aims to "build the world's first open-source blockchain-based satellite network", has signed the first bitcoin transaction aboard the International Space Station ISS. To make the transaction, a ground station transmitted encrypted data to the ISS, where a hardware wallet containing the private key signed the transaction. SpaceChain's experiments are about ensuring a robust connection between blockchain hardware in space and related infrastructure on Earth. CoinTelegraph

Rug Pulled In normal English lexicon, to pull the rug out (from under someone) means to to suddenly take away important support (from someone). In the context of crypto and DeFi, having been rug pulled means to have buy support or DEX liquidity pool taken away from a market. This results in a sell death spiral as other liquidity provider, holder and traders sell to salvage their holdings. Learn about other Crypto terms here Read more on CoinGecko

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