Otherside NFTs Sell Millions, Crash Ethereum Yuga Labs sold **$561 million in Otherside NFTs** in 24 hours making it the **largest NFT mint** in history. So many people went ape over the metaverse art that **Ethereum crashed and burned** like a Japanese WWII pilot. Land plots **went for $5,000** in virtual la-la land. This happened on Saturday night when young stud muffins should have been out on the dance floor pretending to be John Travolta in a **bad 1970s movie**. Word…
Bitcoin: Is It In a Bull or Bear Market? Is bitcoin in a bull or a bear market? Is it **time to panic**? It’s been over $40,000 a few times in the last few weeks, but has spent a lot of time under, even dipping below $38K. Yet, it has bounced back over $38,000 **where it rides now**. There are **three reasons** why bitcoin is moving between the short range it’s been walking around in. May is typically a good month for bitcoin, but some analysts are predicting a **different…
My Cryptosocial Earnings for April 2022 Hey you sexy devils! It’s time for another monthly cryptosocial earnings report. The good news is I have a better handle on my staking rewards after doing some digging into how certain platforms and protocols pay out, plus I had to figure out how to track earnings because some platforms/protocols give you a running total of rewards, which isn’t helpful if you’re trying to track them on a monthly basis. **So now for the bad news:** My…
Bitcoin, NVIDIA Drop Their Pants (And Look What Happened) Bitcoin **dropped by its largest margin** yesterday since January. The price fell a whopping 8 percent in one day. *No worries, just a flesh wound.* https://www.barrons.com/articles/bitcoin-prices-crypto-stock-market-selloff-51651831185 https://youtu.be/ZmInkxbvlCs Meanwhile, a senator from Alabama wants you to be able to use **bitcoin as your 401(k**).…
Bitcoin Hit a 3-Month Low, But I'm Not Worried - Are You? Bitcoin **fell below $34,000** yesterday. As of this writing, it’s **below $33,000**. That puts the granddaddy of all cryptocurrencies at a **3-month low**. The culprit could be a **raise in interest rates**. Popular podcaster Joe Rogan says bitcoin is **freaking out the government**. *Are you worried? I’m not. To be honest, I thought BTC would go lower much sooner. I see this as some of the residual air in the…
Bitcoin Crashes, Coinbase Dashes, and Binance Kicks LUNA Everyone’s talking about bitcoin **dipping below $30,000** this week. Its price has fallen **54 percent** from its all-time high. The truth is, the entire market is **coming down**. Terra slid like a drunk sailor off a slippery dock—**80 percent in 48 hours**. Does the crash mean bitcoin has failed to become the **one blockchain that rules them all**? *This is normal, folks. There is inherent volatility in…
How I Lost Respect for Terra UST (And May Never Get It Back) Like a lot of people, I was shocked by TerraUSD’s (UST’s) de-pegging this week. What happened? Just to be clear, I wasn’t surprised by the market crash. The entire market is down right now, though bitcoin is **back over $30,000**. That’s just business as usual. https://coinmarketcap.com/ What precipitated the crash is the Fed **raising the interest rates** more than it’s done in two decades. The market responded.…
Madonna Spreads Her Legs for Beeple in Weird NFT Project Bitcoin is back **over $30,000**. One analyst says don’t expect a **V-shaped recovery**. https://www.cnbc.com/2022/05/13/bitcoin-bounces-above-30000-as-investors-digest-fallout-from-terra.html https://cointelegraph.com/news/bitcoin-price-could-bounce-to-35k-but-analysts-say-don-t-expect-a-v-shaped-recovery A prominent backer of TerraUSD says criticism of crypto should be refuted, not dismissed, and added that Terra…
Is Crypto Winter Coming? The Bear Market Ahead ... A long, drawn out crypto **bear market is on the way**, say experts watching the space. *For the first 10 years, cryptocurrencies were all tied to bitcoin. As the granddaddy of crypto went, so went the altcoins. Since institutional money entered the space, just in the last couple of years, the entire crypto market is correlated with the stock market. As Nasdaq goes, so goes bitcoin and so goes the altcoin tribes. If the…
FREE Microclass: Getting Started in Cryptosocial Media **This Thursday!** Join Ryan Gerardi and me on Clubhouse. I’ll be giving an introduction to **how to get started in cryptosocial media**, a **FREE microclass**. https://www.clubhouse.com/event/xpQ0bDOM Topics I’ll cover include: What distinguishes cryptosocial media from traditional social media What’s the difference between a platform and a protocol The importance of decentralization The benefits of cryptosocial media…
Ethereum's Dominance Slides to 55% Cryptocracy is considering a few changes, I’d love your feedback. Please take a few minutes to answer some **survey questions**. https://freeonlinesurveys.com/s/15CTccGM Ethereum’s dominance has slid from **84 percent to 55 percent**. *But she’s still sexy.* https://u.today/ethereum-dominance-falls-to-55-while-being-at-84-in-march-coinmarketcap Terra Co-Founder Do Kwon put his blockchain revival proposal **to vote**. It seems the community…
Ethereum Merge Could Happen Sooner, Not Later Ethereum Co-Founder Vitalik Buterin says the Merge could happen **sooner than you expect**. *This is good news for those who have been waiting for the Merge for a long time, but I still believe it’s better to get it right than to get it done fast.* One analyst says ETH should hit **$4,000 this year**. https://www.fool.com/investing/2022/05/20/the-ethereum-merge-is-coming-sooner-than-expected/…
Web2 Takes More Than the Mafia Pardon my tardiness in getting today’s issue of Cryptocracy out. I had a few distractions this morning. I’d still like you to **answer a few questions for me**, if you have the time. At any rate, here’s today’s digest. https://freeonlinesurveys.com/s/15CTccGM Meta, the company formerly known as Facebook, has filed for **5 Meta Pay trademarks**. *This means Mark Zuckerberg hasn’t given up on his cryptocurrency plan. It just keeps changing…
Coinbase Enters Fortune 500, Ripple Could File for IPO One researcher says bitcoin is facing **more downside**. It could **fall to $15.5K**, says Rekt Capital analyst. Another expert says it **could go to $8,000**. Yet, after eight weeks of losses, **sentiment indicator** says there is an upside. If you’re looking for reasons for bitcoin’s decline this year, here are **five solids** to chew on. *Today, BTC is* ***below $30K*** *again. Bitcoin could fall lower. It could go…
How About a Little FUD, Elmer? Fear, uncertainty, and doubt (FUD) are not always caused by disparate voices shouting into the wind. Sometimes they’re caused by real world events, like when one of the world’s biggest crypt projects takes a face dive into the Grand Canyon. When that happens, smart people re-evaluate their relationships to natural wonders and snake oil salesmen. Screw the wild party, it’s survival time! *The Luna/UST crash was like getting hit in the face with…
Terra Luna Airdrops Today Coinbase executives, including CEO Brian Armstrong, sold off shares of the company and put **$1.2 billion in their pockets**. *Could this be why shares are in decline, or do they see the writing on the wall? What signal does it send if the top echelon of a company doesn’t have faith in their own stock?* https://www.wsj.com/articles/coinbase-leaders-net-1-2-billion-in-share-sales-11653606214?mod=markets_lead_pos10 Today is the expected launch of the…
Women Are Poised to Lead the Next Bitcoin Bull Run Bitcoin set a new **9-week losing streak**. Famed crypto investor Tim Draper says women will drive the **next bitcoin bull market**. *I guess they’ll take the bull by the horns.* https://cointelegraph.com/news/bitcoin-to-set-a-new-record-9-week-losing-streak-with-btc-price-down-22-in-may https://cointelegraph.com/news/tim-draper-women-will-drive-the-next-bitcoin-bull-market Ethereum gas fees have dropped to **near-record…
@cryptocracy