Can Ethereum Fight Against Censorship?
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Can Ethereum fight back against censorship? One analyst predicts ETH to slide to $300 before end of year. I’m very skeptical of extreme predictions, high or low.
FTX revenue grew 1,000 percent last year through acquisitions. Acquisitions can certainly grow a company’s revenues. This may or may not have anything to do with shenanigans similar to Terra’s.
XRP whale transactions register three-month high. Ripple executives met with the mayor of Japanese city Fukuoka. More novelty than anything. I still think XRP is undervalued.
Tether promises to be more transparent and accountable. They’re going to have to be, or they’re going to lose the battle for stablecoin dominance. It may already be too late. USDT is looking pretty good.
Binance U.S. receives money transmitter license from Nevada. Binance CEO Changpeng Zhao calls out bad actors over “jitters.” He doesn’t specifically mention FTX, but the crypto crew on Twitter took it that way.
Bored Apes NFTs at risk of liquidation on BendDAO. Will it lead to a crash in the market? Well, will it?
GameStop’s NFT experiment isn’t going too well. Fee revenue has plunged $4,000. Yeah, but these 5 NFT listings had the most listings removed over the weekend.
Crypto custody is not one-size-fits-all (A MUST-READ).
The role of DAOs in the NFT space.
Is it unethical to dox scammers?
Can Web3 be hacked? How to recruit Web3 talent. How to find a job in Web3. I’m of the firm opinion that anything is hackable. That doesn’t mean everything will be hacked, but the dance between developers and hackers is never ending and will sometimes lean in favor of hackers. There is no such thing as 0% hackability.
50+ people gather in Dam Square to protest Tornado Cash developer’s arrest. Protests rarely change anything. They just make a lot of noise.
Kim Dotcom says an economic crash could help crypto go mainstream, but he wants everyone to use bitcoin as money. Maybe he’s right about the big crash. More importantly, mass speculation is not helping crypto. It’s one of the reasons skeptics are saying the whole crypto ecosystem is a house of cards. If people actually used crypto as money instead of placing bets as if on a roulette wheel, it could already be mainstream. On the other hand, and there is another hand, there needs to be far more merchants who accept crypto for payment before most us will be willing to spend our crypto. Full disclosure: I confess, don’t use it for money very often, but when I do …
After getting laughed at, Mark Zuckerberg updates his metaverse avatar. Here’s how the metaverse will change marketing forever. This VentureBeat article doesn’t make metaverse marketing more attractive to me. It makes it scarier. I’m already at odds with remarketing strategies that show me relevant ads based on searches I’ve made or websites I’ve encountered off-platform. What’s being described in the VB article is even worse, and I have no doubt that is the direction that digital marketing will head. It will truly make the metaverse a dystopian hell.
According to Juniper Research, NFT transactions will hit 40 million by 2027. Get the report here.
Coinbase says romance crypto scams are on the rise. These are the most popular crypto Twitter scams.
Is the future of crypto cross-chain?
Crypto is a fool’s errand worth taking, but is it the key to building Black wealth? These investors lost hundreds of thousands of dollars in crypto lending, but they’re still optimistic about crypto. Asset managers like BlackRock and Charles Schwab have an interest in crypto’s future. Crypto has had a rough roller coaster ride, particularly in the last year. Still, there are plenty of reasons to be optimistic. The fact that large investment houses like BlackRock are interested in quite encouraging.
Cryptocurrencies are not a digital cure-all for sanctioned states.
Gary Gensler: There’s no reason to treat the crypto markets differently than other markets just because it has different technology. Technology alone doesn’t change the financial product. That is true. But what if the technology gives a financial product characteristics of different asset classes? What if it makes a cryptocurrency more like a security when used one way and more like a commodity when used another way? What if it obscures the nature of the financial instrument altogether? In such cases, there are only two entities that can clarify the nature of the financial transaction. One is the court system and the other is the legislative branch. I prefer legislators address the sticky nuances of cryptocurrency goings on, and even if the courts have their say, legislators can have the final say along with the mighty pen of the executive. What I don’t want to see is a unilateral approach where the enforcement branch alone makes that determination, and particularly through non-elected officials. My plea to you: Write your Congressional representative.
The progressive case for crypto. The conservative case for crypto. These are not particularly prescient articles, but it’s important to note that there is a case to be made for crypto no matter where you fall in the political landscape.
The Australian Labor Party announces token mapping exercise.
El Salvador’s U.S. ambassador tweeted last Thursday that bitcoin has delivered his nation from being a paradise for criminals to a haven of economic freedom. He also said other nations will follow it. If bitcoin ever does achieve international acceptance as legal tender, this will be how—one small nation at a time until the largest economies have no choice but to adopt or lose relevance by clinging to their outdated fiat currencies.
Snark and commentary in italics. Rain in Texas.
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.
