Three main elements in the Hooked ecosystem are gamified learning, a mechanism for incentives and an integrated infrastructure of businesses. Hooked Protocol follows a three-pronged approach to incentivize Web3 adoption: Gamified learning Hooked Protocol has adopted an immersive and inquisitive Web3 education methodology. Hooked Academy Sensei enables users to converse with virtual tutors integrated with ChatGPT. There are virtual tutors…
Month: August 2023
‘The SEC has violated due process’ — Coinbase CLO on motion to dismiss lawsuit
Lawyers for Coinbase cited precedent from the SEC v. Ripple case, in which a judge ruled that XRP largely did not qualify as a security by the commission’s stan… Source: https://cointelegraph.com/app/public/index.php/news/sec-violated-due-process-coinbase-chief-legal-officer-motion-dismiss-lawsuit
Curve Finance Chaos Is a $110 Million Gut Check for DeFi
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) All eyes are on DeFi this week, after the decentralized exchange (DEX) Curve Finance was hit with an exploit. The platform lets users swap like-assets, such as dollar-pegged stablecoins or various liquid staking tokens, for one another. Maximized to reduce slippage for large trades, Curve is something of an arbitrage…
Velvet Capital joins Cointelegraph Accelerator
Gone are the days when decentralized finance (DeFi) was a niche for crypto frontrunners, while centralized finance (CeFi) was the absolute owner of users’ trust. Following the collapse of major centralized organizations within the industry, such as FTX, Prime Trust, and Celsius, among others, the user base — from traders to asset managers — realized the importance of self-custody and…
Curve-Vyper exploit: The whole story so far
Curve Finance pools were targeted by hackers in a reentrancy attack on July 30, sending shockwaves across the DeFi ecosystem. Cointelegraph compiled the week’s … Source: https://cointelegraph.com/wp-content/plugins/revslider/includes/external/page/index.php/news/curve-vyper-exploit-whole-story-so-far
CDC report underscores importance of Judge’s verdict in Ripple case
The Chamber of Digital Commerce (CDC), an American advocacy organization, on August 1, unveiled a comprehensive “impact and analysis” report on the SEC’s lawsuit against Ripple. The report scrutinizes the case’s verdict, highlighting its profound implications for the crypto industry’s future. According to the CDC’s evaluation, Judge Analisa Torres’s ruling sets a vital precedent in digital currency. It distinguishes between…
Elon Musk debunks scam token claims, assures no crypto plans for X
Elon Musk firmly stated that the social media platform X, (formerly known as Twitter), has no plans to launch any crypto tokens, as he responded to a post regarding questionable X and Twitter-based digital currencies on Saturday, August 5. In response to a post made by DogeDesigner, Elon Musk addressed the issue of scam tokens like $X and $TWITTER falsely…
Curve-Vyper exploit: The whole story so far
Curve Finance pools were targeted by hackers in a reentrancy attack on July 30, sending shockwaves across the DeFi ecosystem. Cointelegraph compiled the week’s … Source: https://cointelegraph.com/app/public/index.php/news/curve-vyper-exploit-whole-story-so-far
BTC hodlers outperformed crypto funds by 69% in H1 2023: 21e6 Capital AG
The classic buy and hold, or HODL approach to Bitcoin (BTC) outperformed the majority of crypto funds by 68.8% in the first half (H1) of 2023. According to data from Switzerland-based investment adviser 21e6 Capital AG, on average, crypto funds generated returns of 15.2% in the first half of 2023 (Jan.1 to June 30) , compared to the roughly 84%…
Curve-Vyper exploit: The whole story so far
Curve Finance pools were targeted by hackers in a reentrancy attack on July 30, sending shockwaves across the DeFi ecosystem. Cointelegraph compiled the week’s … Source: https://cointelegraph.com/public/index.php/news/curve-vyper-exploit-whole-story-so-far