πŸš€The founder of Amazon enters the crypto jungle!

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    πŸš€The founder of Amazon enters the crypto jungle!

    Have a good day, Geckos!

     

    Binance is getting serious with its US-based customers. 

     

    Previous efforts to get customers off Binance US included emails to users with U.S-associated IP addresses giving them 90 days to switch platforms. 

     

    They are now sending out emails to US users and giving them 14 days to close their account. 

     

    After the 14 days, those who fail to close all active positions and withdraw all funds will have their accounts locked. 

     

    In today's news, ETH 2.0 surpasses its target, Jeff Bezos supports a fintech startup, and Andre Cronje has a new project. 

     

    Read on!

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    CoinGecko's Monthly Virtual Meetup is back! 


    So much has happened in Q4 of this year, from Bitcoin reaching new heights and steadily approaching it's all time high to major corporations such as PayPal, Square, and Microstrategy adopting cryptocurrencies into their business strategies. 


    Join us as we discuss the state of the crypto market and its possible future with Mati Greenspan (Founder of Quantum Economics), Jason Choi (Head of Research at Spartan Capital), and Sam Bankman-Fried (Co-founder and CEO of FTX).


    Date: Wednesday, 25 November 2020
    Time: 8:00 - 9:00AM EST (UTC -5) [Check your local time]


    Speakers
    β€’ Bobby Ong - Co-founder, CoinGecko (Moderator)
    β€’ Mati Greenspan - Founder of Quantum Economics
    β€’ Jason Choi - Head of Research at Spartan Capital
    β€’ Sam Bankman-Fried - Co-founder and CEO of FTX


    Register for the event now!

    ETH 2.0 Ready to Go 

     

    The proof-of-stake blockchain needed at least 16,384 validators to stake a combined 524,288 Ether (ETH) by November 24 to launch. 

     

    After sitting at about 50% of that target, the network blew past it within 24 hours. 

     

    ETH 2.0 has been in the works for a long time in order to scale Ethereum to speedily handle more transactions at a time.

     

    (Editor's Note: Are you guys excited for ETH 2.0? We definitely are!)

     

    DeCrypt

    Jeff Bezos' Seal of Approval

     

    A fintech startup going by the name of Chipper Cash is expanding its products to include crypto trading services in Africa. 

     

    This comes after they successfully raised $30 million worth of funds and got the support of billionaire Jeff Bezos.

     

    Venture capital firm, Bezos Expeditions, participated in the series B round of funding.

     

    TheDailyHodl

    Andre Cronje Introduces Deriswap

     

    Founder of DeFi protocol Yearn.Finance (YFI) is working on a new project.

     

    Dubbed Deriswap, the new protocol combines different segments of DeFi including swaps, options, and loans into one platform. 

     

    The protocol is currently under audit with details such as a launch date remaining a mystery.

     

    TheBlockCrypto

    Validator

    In contrast to mining on a Proof of Work blockchain network, Proof of Stake blockchain networks are secured by a distributed consensus of dedicated validators who have staked (locked into the network) a significant amount of token as long as the validator nodes are running. Validators are queued for block-signing based on a combination of random selection, amount (weight) staked and length of time staked (age) and others depending on the design of the consensus algorithm.


    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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