Daily Crypto NewsEDITION #374, 20 December 2021

Grim is on, Grim is off

Hey Moni Maker 🖊

Today is International Human Solidarity Day. In the art of acting, "character" means accepting other people's circumstances; that is, when you understand why your character said this or that phrase, why they acted this way. This skill is necessary not only on stage but also in life because if you understand better the motivations of the people around you, it will be easier for you to interact with them. 

But what's hard to understand nocoiners. We think after reading a Digest or two, they'll say goodbye to their doubts about crypto for good. Digest, let's go!

Grim Finance, a DeFi protocol, was hacked for $30 million worth of tokens Saturday, it confirmed, in an "advanced attack." According to a tweet from the project, "The exploit was found in the vault contract so all of the vaults and deposited funds are currently at risk."

Grim calls itself a "compounding yield optimizer," meaning it promises to wring extra value from liquidity provider tokens that users receive from decentralized exchanges if they lock them up in a Grim vault. Grim touts in its protocol documentation, "Helping users reap more rewards, hassle-free."

So what? 

That's a present right on New Year's Eve and Christmas Day. Well, don't invest more than you're prepared to lose and stuff, OK? 

“My career in the future … will focus on the legitimization of blockchain technology on a nation-state level,” Sun said in an interview Tuesday.

LOL!

LOL. The announcement of the introduction of NFT into the game was taken so severely by Stalker fans. Made a brawl in the comments, as if it was a meeting of the Sky and the bandits from the Citadel. As a result, GSC Game World issued an appeal to the rebels. 

Yes, no NFTs and no metaverse....

Coinbase is working on tools to let people access the metaverse—a loosely-defined term that describes an emerging digital world where we work, live, play, and shop.

On Thursday, Coinbase's CEO Brian Armstrong and an executive in charge of identity tools, Alex Reeve, published a blog post that set out the company's vision of the metaverse and its plans to operate there.

"At Coinbase, we want to help pull all the pieces of identity together—essentially creating an identity on-ramp into the Metaverse," reads the post. "That’s the idea behind our work with ENS, which makes it possible to create a unique username NFT that resolves to a wallet. Eventually, this will allow users to carry a unique ID across different worlds in the Metaverse."

list all shitcoin metaverses! (Armstrong it's a joke)

BitDAO has partnered with student groups and faculties of some of the world’s most prestigious universities to form EduDAO.

EduDAO will serve as an independent steering committee for project grants, research, and product development.

The DAO is made up of various student and campus research organizations in the U.S., U.K, and China, including Berkeley Center for Responsible, Decentralized Intelligence; Blockchain at Berkeley; Blockchain at Michigan; Blockchain@USC; Harvard Blockchain Club; MIT Sloan Blockchain Club; Oxford Blockchain Society; Penn Blockchain; and Tsinghua University Students Blockchain Association.

We like English really much, that's why we continue your journey! This time with Shield: 

– What is it? 

– How to use it? 

– What rewards can be received? 

Watch the vid! 

Leave your feedback, guys!

We are continuing with the Portfolio column! And in a week, we're going to spend $100 on another shitcoins. Buying long term, straight HODL-HODL, so advice on fundamental and not so fundamental coins, please? 

Drop by the chat room and give some advice!

ERC-20 is a standard for Fungible tokens in Ethereum Network and it's capable of smart contracts and used in DApps. It's the most popular standard of the token nowadays and used everywhere. Utility tokens, Governance tokens, Meme tokens and etc – this is all ERC-20 in Ethereum. Examples are UNI, 1inch, 0x, AAVE, COMP, SNX and etc.

And more you can find in our Glossary!

And you...buy Bitcoin! (it's a good time!)