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Hey Geckos, how was your weekend? Diamonds and Crypto? What could possibly go wrong? Apparently, a lot! An American, Jose Angel Aman, has recently been charged with running a diamond investment scam, robbing over $25 million dollars from unsuspecting investors. The scheme was allegedly backed by an inventory of diamonds worth $25 million dollars. When the scheme was on the verge of collapse, Aman tried to launch Argyle Coin, a diamond-backed cryptocurrency, to solicit more investments.   In today's newsletter, find out more about Chef Nomi's redemption, a very expensive bug and a new competition.   Read on!

24h Hot searches worldwide 👀 Hegic                              (-27.9%) IRISnet                           (-8.7%) yieldfarming.insure     (+316.2%)  YFValue                        (-8.1%) yffi finance                   (-17.4%) YFFS finance                 (+200.5%) MoonSwap                    (-56.8%)

It'd be nice to practice trading crypto before jumping into the real thing. Oh, wait — that's exactly what you can do on eToro! Creating an account will give you immediate access to a $100k virtual portfolio. Analyze the market and follow top traders in our vast social community of crypto knowledge — all before spending a single dollar.  Discover the crypto trading platform trusted by millions. Download the app today.   This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. Social Tokens offers a new way for individuals to tokenize their value on the blockchain, creating new ways for people to interact with one another. While the idea of "tokenizing humans" have been around, it was the $ALEX and $JAMM tokens built through Roll that truly brought attention into the social token space. The launch of the $ALEX Yield Round soon after only created stronger interest in social tokens in the context of DeFi. CoinGecko will be hosting with 3 trailblazers to share their thoughts on the rise of social tokens, its potential and much more. Date: Tuesday, 22 September 2020 Time: 10:00 - 11:00AM EST (GMT -4) [Check your local time] Speakers • Bobby Ong - Co-founder, CoinGecko (Moderator) • Cooper Turley  - Audius, Community • Alex Masmej  - $ALEX • Brian Flynn - $JAMM Register for the event now! Former Head Chef Returns Funds to SushiSwap Chef Nomi, creator of SushiSwap has issued an apology to the community, along with returning $14 million dollars to the project. Previously, Nomi had taken an estimated $13 million dollars from SushiSwap's project development fund before handing the reins to Sam Bankman-Fried, CEO of FTX Exchange. After returning the funds, Nomi also wants the community to make a decision on how much he should receive as the founder of SushiSwap. CoinTelegraph Flawed Code Costs bZx Protocol $8 Million Dollars bZx Protocol (BZRX), a DeFi lending protocol lost about $8 million dollars last night due to a smart contract bug. The bug allowed attackers to multiply their assets and also increase their balance of interest-bearing tokens on the platform. The attack has drastically reduced the total value locked (TVL) in bZx from $21 million to approximately $6.3 million. TheBlockCrypto Filecoin Set for Space Race Round 2 Filecoin (FIL) has unveiled the second phase of its Space Race to further test their mainnet. The Space Race is a stress test program that  rewards the participants in Filecoin based on how much storage they and the network achieve during the test period. Space Race 2 is set to launch on September 14 and will end on October 5. CoinTelegraph

Testnet Testnets are alternative blockchain network that mirros the consensus protocol on the main network (Mainnet). Testnets are useful for developers or people who want to experiment with transactions, smart contracts or various other operations in a test environment without fearing loss of cryptocurrency. Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joinLearn about other Crypto terms here Read more on CoinGecko

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