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I love it when I get to start a newsletter and end it with Kool-Aid.
We’re more than halfway to the next bitcoin halving. 3 reasons bitcoin’s hashrate keeps climbing. Why bitcoin mining is cool again. Peter Brandt says all BTC purchased in 2021 is a losing trade. Of course, the creator of Bollinger Bands called him a big meanie. Funny how Brandt wants to remind the leaders of the Laser Eyes Cult to avoid “dogmatic thinking.” Shouldn’t you drink your own Kool-Aid?
Tether freezes $160 million in USDT. Not the first time Tether has blocked wallets, but it is the largest blacklist yet.
Cardano Founder Charles Hoskinson says XRP is a commodity. Ripple Co-Founder Chris Larsen shows his support for Hoskinson. Hoskinson was clarifying statements he made that some Ripple fans took to mean he was anti-XRP. He says if a cryptocurrency has utility, it can’t be a security. Keep this in mind: Communication is not an exact science.
The U.S. military is setting up its own metaverse. The entry point for Meta’s metaverse is Seattle. Banking, the metaverse go together like goggles and simulation. When I was in the Army and training to be a tank commander, we used something called SIMNET that was a type of virtual reality training environment. Evidently, they’re upgrading that to also include artificial intelligence.
Social tokens will drive Web3. I’m considering a social token for the Cryptocracy community. If this would interest you, let me know by commenting below. If you’re reading this in email, feel free to hit Reply.
The lowdown on the digital rupee. 4 signs a digital dollar is on its way. If the U.S. does roll out a digital central currency, it will likely take the path of India and issue a wholesale version and a retail version. The retail digital currency will be for folks like you and me. The wholesale variation will be for banks.
Cryptocracy is a decentralized newsletter published several times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto.
First published at Cryptocracy. Not to be construed as financial advice. Do your own research.
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