Vitalik Buterin Thinks Meta's Metaverse Will Fail Ethereum Cofounder Vitalik Buterin says **Meta’s metaverse will fail**. *Meta has made two attempts to create a digital currency and both have failed. I agree with Buterin. If Meta successfully launches a metaverse, it won’t be THE metaverse.* https://cointelegraph.com/news/facebook-s-metaverse-will-misfire-says-vitalik-buterin Fidelity lead macro strategist says bitcoin and ethereum are **impenetrable markets**. Will bitcoin…
KYC Undermines BTC, Binance Launches Soulbound Token How KYC undermines the **best thing about bitcoin** **(IF YOU READ NOTHING ELSE IN THIS NEWSLETTER, READ THIS)**. Man in jail for **operating Bitcoin Fog** says he never started the money laundering scheme and had nothing to do with it. *At issue here is whether dark net crypto tracing best practices that have broken up other crime schemes worked to bring a kingpin to justice in the Bitcoin Fog case, or if this is really a…
Which Cryptosocial Platforms Earned Me the Most $$ in July 2022? After a decline in earnings the past few months, I saw my cryptosocial earnings go up some in the month of July—back to where they were before the decline. A few things can be attributed to this rise: First, I added a new platform to my posting routine and it’s been lucrative Second, I’ve been more active on Hive, which has paid off Third, my Publish0x rewards, for some reason, did very well in July Without…
Ethereum Merge: Will Stablecoins Hinder It? Bloomberg analyst says bitcoin is trading at “**extreme discount**.” Bitcoin mining company Core Scientific **sold more bitcoin** in July than it mined. *Running a bitcoin mining operation is expensive. It’s likely that the company has financial obligations to meet and doesn’t have a large cash reserve. In that case, remaining liquid during the bear market is essential for long-term survival.*…
How BTC Whales Move Markets How bitcoin whales **move markets**. **(An awesome read)** https://cointelegraph.com/news/how-bitcoin-whales-make-a-splash-in-markets-and-move-prices Citi says Ethereum Merge could boost **Coinbase’s stock price**. Meanwhile, the Lightning Network is quietly **scaling with new apps**. The network currently has over 100 apps in 20 different categories. *Good things scale. And when they reach a certain critical point, they begin to scale faster.…
Free Microclass: Earn Crypto as You Learn About Crypto **Join me on Clubhouse!** Thursday, August 18 at 12 noon CDT. I’ll be giving a free microclass as an **introduction to Publish0x**. **Earn Crypto While You Learn About Crypto**. Publish0x is a cryptosocial media platform where users earn tips for reading and creating content. Learn how to earn ETH and AMPL on this up-and-coming Web3 platform. I’ll be joined by Ryan Gerardi of AutoConversion.…
ETH Shoots Past $1,900 in Run-Up to the Merge Peter Schiff says bitcoin will fall below $10,000 and **never see another high**. *I think Peter Schiff is high.* https://www.kitco.com/news/2022-08-11/Bitcoin-to-fall-to-below-10k-won-t-see-new-highs-again-Peter-Schiff.html Ether hits 2-month high, **surges above $1,900**. JPMorgan says miners face an abrupt change **after the Merge**. *No shit, Sherlock.* Is it foolish to expect a price surge **before and after the Merge**? The…
Coinbase Gets a Downgrade Bitcoin is the **new meme machine**. https://bitcoinmagazine.com/culture/bitcoin-is-the-new-meme-machine S&P Global **downgrades Coinbase** to BB rating. The crypto exchange is looking more like a **meme stock**. The biggest fool on the planet says earnings weren’t **as bad as they seem**. *The key point is that Coinbase revenues are based on trading activity. When trading activity goes up again, and it will, revenues should go up again.*…
Bitcoin at $25K, Solana NFTs, and Ethereum's 5-Year Low Bitcoin **tops $25,000**. Is the bear market over? Why bitcoin politics should be approached at **the local level**. Michael Saylor says bitcoin will **demonetize gold**. *There will be more dips in the market before we see it soar. Don’t count crypto out of the woods yet.* https://cointelegraph.com/news/bitcoin-hits-25k-as-bearish-voices-call-btc-price-double-top…
BTC Miners and Crypto Exchanges The largest bitcoin miners **lost over $1 billion** in crypto crash. Traders now expect **new yearly lows**. Bitcoin could be the **key to the universe**. *I thought it was the number 42.* https://www.bloomberg.com/news/articles/2022-08-16/largest-bitcoin-miners-lost-over-1-billion-during-crypto-crash#xj4y7vzkg https://cointelegraph.com/news/bitcoin-traders-anticipate-new-yearly-lows-after-btc-s-25k-rejection-data-disagrees…
Free Microclass: Earn While Learning About Crypto Today, at noon CDT, I’ll be presenting a free microclass on cryptosocial platform Publish0x. You’re invited to join Ryan Gerardi and me as we discuss cryptosocial media, and Publish0x in particular. I’ll be covering some important topics about the platform such as How to join and why to join How you can earn crypto just by reading How to earn content by writing on Publish0x And various other aspects of the platform that make…
People Are Holding BTC Longer Now The percentage of BTC supply has been stationary **for longest period of time** in history. *In other words, more people are holding bitcoin for long durations relative to the number of people holding bitcoin. This indicates a greater trust in bitcoin.* https://cointelegraph.com/news/bitcoin-liveliness-lowest-since-2021-amid-new-5-year-btc-hodl-record Ethereum Foundation says Merge will **not reduce gas fees**. Sixty-nine percent of Ethereum…
What's Causing the Crypto Crash? God Only Knows. Crypto is crashing again and **no one seems to know why**, although Protocol says it’s **bad bets on “safe” tokens**. Bitcoin’s at a **three-week low**. Experts are saying there could be another big crash coming, and it **could get nasty**. *You know, like Janet Jackson nasty. I say bring it on.* https://www.fastcompany.com/90780822/bitcoin-and-other-cryptocurrencies-are-crashing-sending-coinbase-stock-down-too…
Can Ethereum Fight Against Censorship? **Announcement:** *I’m looking for influencers willing to discuss their favorite cryptosocial or decentralized social media platforms on a podcast with me. Are you an expert on Read.Cash? Can you wax poetic on the ins and outs of Torum? Is there an up-and-coming cryptosocial platform you’re excited about? Reach out to me at allen@authorallentaylor.com, but only if you’re willing to be a guest on a podcast with a growing audience.* Can…
Millions of BTC Wallets Are Upside Down and Under Water Celebration! Cryptocracy now has 100 subscribers. Please celebrate this milestone by sharing this newsletter with your friends. To ensure you never miss an issue of Cryptocracy, subscribe on Substack. https://cryptocracy.substack.com/p/millions-of-btc-wallets-upside-down And now onward, crypto soldiers! 17.5 million bitcoin addresses are now **upside down**. *This coincides with an earlier report that more people than…
Is Ethereum Destined to Hard Fork? The next **crypto microclass on Clubhouse** is scheduled for September 15, 12 noon CDT. **Topic: Put Your Content to Work at Read.Cash/Noise.Cash.** *If you have experience with these social blogging platforms on the Bitcoin Cash blockchain, I’d love to see you at the free event. If you’d like to speak, let me know and you can share your knowledge and experience of Read.Cash and/or Noise.Cash.* https://www.clubhouse.com/event/PN2yaqoZ The…
The Merge Could Fail and ENS DAO May Lose Its Domain Name Fed chairman says interest rates could go higher and **bitcoin plummets**—again. BTC is now **68 percent below its peak**. More than half of all bitcoin trades **could be fake**. And September is looking to be a very **ugly month** for bitcoin’s price. Why Bitcoin copies just **don’t cut it**. *There is a lot to chew on here, but I still think optimism is a good take—both on bitcoin and the overall crypto market.…
Crypto Market Falls Below $1T Crypto market cap falls under **$1 trillion market cap**. Over the weekend, bitcoin fell **below $20,000**. This could be the **worst August since 2015**. Despite new lows, bitcoin mining difficult could see **8-month gains**. *Some people would say this is a great opportunity to buy.* https://news.bitcoin.com/crypto-economy-slides-under-1-trillion-as-bitcoin-and-ethereum-dive-below-previous-support-zones/…
Crypto.com Wants $10.M Sent To Wrong Address Back Bitcoin expected to become a **zero-emission network**. *Yeah, right.* A *Forbes* contributor says bitcoin is **destined to $12,000**. *Predictions are like armpits—even the shaved ones smell bad.* https://www.financialexpress.com/digital-currency/bitcoin-is-expected-to-become-a-zero-emission-network-report/2650142/ https://www.forbes.com/sites/investor/2022/08/30/why-bitcoin-can-crash-to-12000/?sh=3918518b62a1 Number of…
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