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@cryptocracy in January 2022

@cryptocracy

Introduction to Cryptosocial: Aiming for 100 You may or may not know, I’ve written a book about cryptosocial media. *Cryptosocial: How Cryptocurrencies Are Changing Social Media* will be the first book published about cryptosocial media. It’s due to publish in March through **Business Expert Press**. https://www.businessexpertpress.com/ In the coming weeks, I’ll be sharing some of the content with you, little excerpts here and there, as a preview. If you like what you’re…

@cryptocracy

Practical Blockchain Applications When primitive man wanted to travel from Argos to the banks of the Yellow River, he invented a circular object and called it a wheel. In those days, traveling farther and faster meant more cash in the war treasure and greater leverage for trade. The invention proved to be a huge advancement for civilization. Throughout history, enterprising individuals have identified problems and addressed them with creative solutions. This has often led to…

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Bitcoin, Tether, and GameStop's NFT Marketplace In the last few weeks, bitcoin has been holding fairly steady close to the $50,000 range. But Thursday afternoon, the price of bitcoin plunged **almost to $41,000**. Some prognosticators are tying the drop to the Fed’s announcement on **interest rate rises**. Of course, the rest of the market went with bitcoin, leading to a $1 trillion loss in total market value **since November**. Still, bitcoin was the **best performer** of…

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The Problem With Centralization Technology is a double-edged sword, often solving one problem while creating another. When that happens, someone comes along later and solves the new problem. That process may take years. The cell phone, for instance, didn’t see the light of day until almost a century after Alexander Graham Bell’s immortal words, “Mr. Watson, come here. I want to see you.” As with any new technology, the problems blockchain technology promises to solve are…

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Login with Unstoppable: Better Than OAuth Unstoppable Domains has launched **Login with Unstoppable**. This appears, to me, to be a much better option than OAuth. Buy a domain name that you own for $100 or less and never pay renewal fees. Then use that domain name to login to any site connected to the ecosystem in a secure and pain-free way. This is a big step forward for identity management.…

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Ethereum 2.0 Hits Record TVL While Tether Freezes Accounts The Total Value Locked in Ethereum 2.0 hit **$30 billion this week**. Could 2022 be the consummation of the proof-of-stake migration for ETH? https://bitcoinist.com/total-value-locked-in-ethereum-2-0-hits-30-billion/ Tether has frozen three accounts on the Ethereum blockchain that hold more than **$160 million in USDT**. For at least a couple of years now, Tether has been the **center of controversy**. One journalist…

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Cryptopreneur Joins Bloomberg Billionaire List Binance CEO CZ has become the **12th richest billionaire** on the planet. Bloomberg **has him listed** in the “Finance” category, four spaces behind Warren Buffett, who is listed as “Diversified.” https://www.cityam.com/binance-chief-ranks-among-the-worlds-richest-billionaires/ https://www.bloomberg.com/billionaires/ Arkansas is **offering $10,000 in bitcoin** for tech workers and entrepreneurs who move to the state. 35,000…

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NFTs are not art? So whaa ...? As you probably know, Wikipedia is the *de facto* encyclopedia of the Internet. It’s so well-respected, they’ll let anyone write or edit its content. Even your Uncle Jack who dropped out of seventh grade because he flunked gym. Well, guess what? The Wikipedia editors got together and voted. Now, ++NFTs aren’t art++—according to the world’s most democratic encyclopedia. Isn’t knowledge wonderful?…

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How Tom Brady's Autograph Scales You probably know this already, but crypto tumbled again over night. In the last 24 hours, **bitcoin has slid 7 percent** and now trades at less than $40,000. Ether fell 8 percent, to below $3,000. What do you think? Will it fall some more? https://www.cnn.com/2022/01/21/investing/bitcoin-ethereum-cryptocurrency-price-today-hnk-intl/index.html Did you know Tom Brady has an NFT platform? He does, and it’s called Autograph. Like Brady,…

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Is Binance Weak on Money Laundering? Crypto exchange Binance has been **operating in secrecy**, preventing government regulators from knowing what they need to know to effectively regulate exchanges like Binance. One can understand why. If they declared a headquarters in any country, they’d essentially be giving that country legal authority to regulate their industry. As a result, Binance’s money-laundering practices are weak. So says the authorities that can’t regulate…

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ETH 2.0 to Become a Consensus Layer Traveling can be a joy. Or it can be a drudgery. This past week, my wife and I drove to Pennsylvania to attend her grandmother’s funeral. The funeral was Thursday. Saturday morning, we woke up with cold-like symptoms. Sunday afternoon, we left Pennsylvania and drove back to Texas, bodies aching. We arrived yesterday afternoon. We are now beginning to come out of it, whatever IT is. We haven’t been tested and aren’t planning to be. But…

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Picasso's Family To Launch NFTs The heirs of Pablo Picasso are **getting in on NFTs**. It turns out the famed 20th-century artist has some ceramic artwork that has never been seen publicly. His granddaughter and great-grandson are planning to release 1,010 digital art pieces of his ceramic work. https://nowthisnews.com/news/picasso-heirs-launch-digital-art-piece-to-ride-crypto-wave Elrond is acquiring crypto payments provider **Utrust**. Do you think the network is making a…

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Ethereum, Bitcoin, and the Saga of Crypto Spying As the market moves down, Ethereum hit a new all-time high on **its hash rate**. Not only that, but the number of ETH holders with at least 1 ETH has also hit **a new all-time high**. Does that sound like a **bad week for crypto**? https://cointelegraph.com/news/ethereum-hash-rate-scores-new-ath-as-pos-migration-underway https://www.newsbtc.com/news/ethereum/ethereum-bullish-signal-number-of-holders-with-1-eth-touches-new-ath/…

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Fidelity And the Ever-Expanding Metaverse Fidelity has **filed an application** with the SEC for a metaverse-related exchange-traded fund. The fund will focus on companies that develop, manufacture, distribute, and sell products and services supporting the metaverse—whatever that actually ends up being. https://www.crowdfundinsider.com/2022/01/186292-fidelity-is-reportedly-making-its-move-into-the-metaverse/ Ever since Facebook **rebranded as Meta** last October, companies…