Elon Musk Sued for Dumping Dogecoin (Say What?)
Bitcoin bounces, jumps above $20k again while Ethereum shoots past $1,100. El Salvador President Nayib Bukele addresses investor concern regarding the bitcoin bear market. How investors are looking at bitcoin right now. Since El Salvador made bitcoin legal tender last year, investors surely want to know what he has to say.
Elon Musk is being sued for dumping Dogecoin. The claimant accuses Musk of racketeering. If he’s guilty, he should be charged with a criminal case against him, not a civil one. Follow a schmuck, you’re a schmuck. No payday for schmucks.
FTX CEO Sam Bankman-Fried says the Fed is responsible for the current crypto downturn. One one hand, he’s stating the obvious. On the other, there’s an underlying story here about the macroeconomy. Cryptocurrencies have correlated themselves with stocks and bonds, and we know the stock market moves with interest rate adjustments. In fact, a lot of things do. The crypto market is now one of them.
USDC flips USDT in Ethereum daily transactions. I fully believe USDC is destined to become the No. 1 stablecoin. Only $12K billion market cap between them. Bug off, Tether!
How Binance became a hub for hackers, fraudsters, and drug traffickers. (AN INTERESTING READ) If true, expect the U.S. to file charges soon. Though it’s likely Binance won’t be the target.
Coinbase says it could cut more jobs.
Why XRP needs another 50 percent correction.
Tron’s USDD continues to deviate from its peg.
Wealthy optimist says bitcoin could hit $100,000 in 24 months. I think these big bulls says things like this to pump the market so they can cash out. Could bitcoin hit $100,000? Yes, but it will likely happen after the next halving. That puts the time frame just beyond 24 months, but let’s get real. Nobody really knows.
Where Web3 doesn’t make sense. How SMBs and social media creators will get a better deal with Web3. But will it make a good business model?
72 of the top cryptocurrencies are 90 percent below their all-time highs. ICP is down the most at 99.28 percent. It likely won’t survive the winter.
What a bank or financial institution DAO would look like.
Sports fans are twice as likely as everyone else to buy NFTs. Now NFT games are reshaping the gaming industry. Can NFTs help solve the carbon problem? Here are answers to 125 questions about NFTs.
Is there a crypto bubble? The situation is more complicated than you think.
Will e-commerce be the largest economic force in the metaverse? There’s a battle going on to build a child-friendly metaverse. Who will win? Of course, the metaverse will likely create 10 new jobs. I suspect it will create more than just 10 new jobs.
Snark and commentary in italics. Not financial advice.
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.