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🚀 Tether is moving $1 Billion Dollars from a chain to another, that's 1 with 9 zeroes 👀

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Hello Geckos! Today Tether is making moves.. A double news about them - 1. moving huge chunks of money between chains and 2. getting on a 2nd layer network, has got people looking at what's coming next👀👀 Looking at the mainstream, A Middle-Eastern style restaurant chain based in Ontario city has announced it has "converted its entire cash reserves into bitcoin". This news comes after a similar type action taken by business-intelligence firm Microstrategy saying they are converting $250 million of their cash reserves into bitcoin - calling it a "Primary Treasury Reserve Asset" With the ongoing currency debasement crisis going on, will more companies do the same thing even if for its marketing value? (Editor: "Bitcoin accepted here" is out, "We are Bitcoin" is in) Hope today's newsletter gives you a good start to your crypto day!

24h Hot searches worldwide 👀 Ethverse                   (+11.5%) Trustswap                (-0.7%) Dether                          (+96.3%) yearn.finance        (+16.4%)            MantraDAO             (+5.5%) DIA                            (-0.7%) MYX Network          (+21.3%)

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! Tether goes live on the OMG Network Tether (USDT) has been integrated into the OMG Network (OMG) with the aim reduced transaction confirmation times and fees. Ethereum has seen a rise in average gas prices and vulnerabilities to network congestion in the past months, making the integration on OMG Network a solution to offering lower transaction costs. OMG Network can handle thousands of transactions at a third of the cost of Ethereum as a Layer 2 solution for Ethereum. Tether now works on seven blockchains: Algorand (ALGO), Ethereum (ETH), EOS (EOS), Liquid Network, Omni (OMNI), OMG Network, and Tron (TRX).  TheBlockCrypto DeFi's YAM prepares for a second life The yield farming sensation (YAM) which aggregated $600M in assets in less than 48 hours before being shut down, is set to see a second life. Yam presented a two-phase rollout in which the protocol transitions to a fully audited system. YAMv1 holders will migrate to YAM2 (YAMv2) while the code is being audited - a 1:1 match of YAMv1 with no rebases in place. Once the results of the audit have been implemented, YAM2 will undergo a migration to YAM3 - the final form of the protocol. (Editor: Those YAMs are looking very sweet from here!)   Decrypt Tether is moving 1 billion USDT coins from TRON to Ethereum blockchain Tether is today moving 1 billion USDT coins, or 8% of its total supply, from TRON to Ethereum blockchain. Tether CTO Paolo Ardoino said that "a cryptocurrency exchange is willing to swap part of its Tethers from TRC20 to ERC20." USDT's supply on Ethereum will increase to 8.5 billion, from 7.50 billion while supply on TRON would decrease from 4.30 billion to 3.30 billion. TheBlockCrypto

Directed Acyclic Graph (DAG) Directed acyclic graphs refers to a data structure that is built in one single direction, yet branches out and never repeats. Directed = Connections between two points (nodes) have directions such that A -> B is not the same as B -> A. Acyclic = Opposite of cyclic where you'll end up where you started from after some time. In an acyclic system, you'll never encounter the same point (node) twice. Graphs = A structure consisting of points (nodes) that are connected. Compared to a regular blockchain data structure which operates in one straight chain, DAG based systems have more breadth as the network is similar to a expanding tree rather than a straight chain. Learn about other Crypto terms here Read more on CoinGecko

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