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@cryptocracy in February 2022

@cryptocracy

MyCrypto to Merge with MetaMask Bitcoin is off to its worst calendar year start in **eight years**. https://www.marketwatch.com/story/heres-how-much-bitcoin-ethereum-and-other-crypto-prices-changed-in-january-11643731986 ConsenSys **acquires MyCrypto wallet**, plans to merge it with MetaMask. https://www.coindesk.com/business/2022/02/01/consensys-acquires-ethereum-wallet-mycrypto-plans-to-merge-it-with-metamask/ Good news for everyone who’s tired of looking at Tether: USDC…

@cryptocracy

Cryptosocial Earnings for January 2022 This year I’m going to start something new. I’m going to start reporting, on the first Friday of each month, my earnings from cryptosocial media of the previous month. This will be my first report. The cryptosocial platforms and protocols I’ve been playing around on the most include Hive, Loop, Minds, MG Social, Noise Cash, Publish0x, Read Cash, Torum, and Coil. Without further ado, here’s what I’ve earned on these platforms thus far…

@cryptocracy

Bitcoin Pumped and the Bitcoin Family Settled in Portugal Kenneth Rapoza asks, “Is Bitcoin becoming **just another tech stock**?” Whether it is or isn’t, Senator Ted Cruz recently **bought the dip**. On top of that, MicroStrategy made a huge splash as whales are wont to do and CoinDesk explains the **corporate argument for bitcoin**. Meanwhile, the city of Miami earned a whopping $5.25 million **mining bitcoin**. *Rich Dad, Poor Dad* author says bitcoin is the way to…

@cryptocracy

Traveling with COVID from Pennsylvania to Texas My wife Theresa and I recently found out what it's like traveling with COVID. Our journey began in East Texas, but we didn't catch the virus until we got to Pennsylvania. Then we had to travel back home feeling under the weather. This is our story. Theresa and I left Texas on a Monday afternoon to arrive in Pennsylvania on Wednesday afternoon for a Thursday morning funeral service. Theresa's grandmother, over 90 years old, had…

@cryptocracy

What Are The Biggest Crypto Scams in History? Over the weekend, Ethereum whales **loaded up on Axie Infinity**. It was the most traded token among the 1,000 largest ETH wallets in a 24-hour period. Some of the bigger whales purchased millions of dollars worth of AXS. Maybe we’ve got another rising superstar in the games category. https://dailyhodl.com/2022/02/08/ethereum-whales-load-up-on-one-gaming-token-making-it-top-traded-altcoin-among-eth-investors/ What were the…

@cryptocracy

This Strange Couple Was Arrested for the Bitfinex Scam Cofounder Vitalik Buterin says Ethereum may **never be very much faster** than it is now. https://whatsnewcrypto.info/ethereum-will-probably-never-be-much-faster-according-to-vitalik-buterin/ Coinbase **pulled the “how to buy” instructions** on three cryptocurrencies after ‘rug pull’ warnings. https://finance.yahoo.com/news/coinbase-removes-cryptocurrency-links-rug-162746635.html Morgan and Lichtenstein sounds like the…

@cryptocracy

Are Cryptocurrencies a Long-Term Investor's Biggest Dream? NOTE: Saturday, I was traveling from Texas to Pennsylvania due to a death in the family. That’s why there was no Cryptocracy. Enjoy this Morning morning edition. Ethereum is back in the news with the **lowest transaction fees** in months. One Morgan Stanley analyst tells why Ethereum could have a **larger market than bitcoin**. Meanwhile, bitcoin’s hashrate surged to a new **all-time high** and one legendary investor…

@cryptocracy

Ethereum: Why All Eyes Are Watching The crypto market rose above **$2 trillion again**. Bitcoin’s back over $44,000, but eyes are on Ethereum. The blockchain saw a total of **$21 million inflows** in the week ending February 11, ending a nine-week trend in the opposite direction. Not only that, but the **fees are dropping**. Meanwhile, the number of Ethereum wallet addresses **holding .1 ETH** has hit an all-time high. Traders are now asking if Ethereum could be headed…

@cryptocracy

Bitcoin Miners Sell Stockpiles of BTC Bitcoin miners are selling off **stockpiles of coins**. This comes as the granddaddy of all cryptocurrencies sees its **biggest drop in four weeks**. https://cointelegraph.com/news/bitcoin-miners-selling-stock-and-btc-as-returns-halve-since-november https://www.coindesk.com/markets/2022/02/17/bitcoin-suffers-biggest-drop-in-four-weeks-nearing-40k/ Morgan Stanley says **Ethereum’s dominance could dwindle** as more competition emerges.…

@cryptocracy

How NFT Minting Costs the Environment Bitcoin difficulty has reached an all-time high as the hash rate is up **45 percent in six months**. https://cointelegraph.com/news/bitcoin-difficulty-reaches-all-time-high-hash-rate-up-45-in-6-months XRP whales accumulate more than **$700 million** in the second biggest accumulation spree in history. https://cointelegraph.com/news/xrp-mega-whales-scoop-up-over-700m-in-second-biggest-accumulation-spree-in-history Minting a new NFT can…

@cryptocracy

Ethereum's All-Time High and OpenSea's NFT Hack Ethereum’s mining power hit an **all-time high**. https://u.today/ethereums-hashrate-reaches-new-all-time-high-amid-market-bloodbath Hackers broke into OpenSea over the weekend and **stole 254 NFTs**, including some Bored Apes and Decentraland tokens. https://www.theverge.com/2022/2/20/22943228/opensea-phishing-hack-smart-contract-bug-stolen-nft Mexico’s third-richest billionaire says to **buy bitcoin**. Meanwhile, Huobi crypto…

@cryptocracy

Crypto News: Tether, Ripple, and Ukraine Tether has **reduced its paper holdings** by 21 percent. That accounts for **$6.2 billion**. Marching on, Tether has partnered with the Switzerland city of Lugano to transform it into a **European Bitcoin City**. https://seekingalpha.com/news/3802898-tether-reduces-commercial-paper-holdings-by-21-in-q4-nearly-doubles-t-bill-pile https://www.coindesk.com/business/2022/02/22/tether-slashes-commercial-paper-holdings-by-21/…

@cryptocracy

How Russia's Ukraine Invasion is Impacting Cryptocurrencies This week, immediately after Russia’s invasion of Ukraine, **cryptocurrency values plummeted**. In fact, the market **lost $250 billion** in hours. Economists are now predicting Russia could use cryptocurrencies to **get around sanctions** issued by the U.S. and other nations. Not only that, but billionaires could **use cryptocurrencies to do business** with Russia, averting sanctions. In other words, the…

@cryptocracy

Wyoming May Have a Stablecoin Soon When I think of Wyoming, I think of cowboys, ranches, and buffaloes roaming. But last year, Wyoming led the way in DAO legislation by introducing and passing a bill that allows decentralized autonomous organizations **a legal path forward**. It was the first state to do so. Now, Wyoming could **have its own stablecoin** by the end of 2022. https://sos.wyo.gov/Business/Docs/DAOs_FAQs.pdf…