πŸš€These poker players are all-in on Bitcoin!πŸƒ

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    πŸš€These poker players are all-in on Bitcoin!πŸƒ

    It's finally Friday, Geckos!

     

    Retired rapper Logic is showing his commitment to his new name. 

     

    After changing his Twitter username and Tweeting for everyone to call him Bobby Bitcoin, he has put his money down. 

     

    He took to his Instagram story to brag about his latest money move which is a purchase of $6 million worth of Bitcoin (BTC).

     

    (Editor's note: Will he help us reach the moon?)

     

    In today's news, poker players want BTC, F2Pool shows support, and Origin Protocol puts their customers first. 

     

    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!

    A Royal Flush for Bitcoin 

     

    Winning Poker Network is an online network supporting numerous online poker websites around the world. 

     

    The network has also been supporting several cryptocurrencies since 2014. 

     

    A recent report shows that up to 95% of poker players are requesting to be paid in BTC, coming up to about $160 million each month. 

     

    CoinTelegraph

    F2Pool Backs Taproot

     

    Bitcoin mining pool F2Pool is supporting the Taproot upgrade proposal. 

     

    As a result, there is now a combined support of miners responsible for 45% of Bitcoin's hash power. 

     

    Taproot aims to improve the network's privacy and efficiency by building upon Schnorr signatures and Merkelized Abstract Syntax Trees. 

     

    DeCrypt

    Origin Protocol Ready to Pay 

     

    Origin Protocol's stablecoin (OUSD) was hacked for the sum of $7 million earlier this week. 

     

    The company is now offering a bounty of $1 million to anyone who can supply substantial information or evidence. 

     

    Speaking directly to the hackers, Origin is willing to give the hackers their portion (about $1 million) so long as they return the customers funds. 

     

    DeCrypt

    Frontrun

    In traditional finance, frontrunning or tailgating is a practice where traders or brokers execute a trade before a prior large order is executed. The said trader or broker will then sell their trades higher to the large order, owing to the order's slippage tolerance. This is highly illegal and unethical in the traditional finance. In the cryptocurrency context, frontrunning works the same but in DEX's where orders made are broadcasted to the blockchain for all to see, a frontrunner will attempt to listen to the blockchain to pick up suitable orders to frontrun by orders on the market and placing enough fees to have the transaction mined faster than the target's orders.


    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

    Here are the top trending coins for this week!

    Read more on CoinGecko

    Track us everywhere.

    Stay connected with us.



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