ETH Issuance is Down 98% Since the Merge
ETH issuance has fallen 98 percent since the Merge. Is Ethereum POS a threat to Bitcoin dominance? Cardano Founder Charles Hoskinson tweeted that Ethereum would have completed Merge faster by using the Snow White upgrade. The SEC claims all ETH transactions are in the U.S. And Ethereum Cofounder Vitaik Buterin says he’d like to see Dogecoin and Zcash follow Ethereum to POS. The discussion on whether Ethereum poses a threat to bitcoin’s dominance is an interesting one. I particularly like the perspective that POS introduces politics into the blockchain ecosystem whereas bitcoin must follow the laws of physics.
Binance wants to return to Japan, combines savings and staking in Simple Earn.
As crypto companies head for bankruptcy, legal experts struggle with how to distribute assets since there is no precedent for categorizing crypto assets.
Billionaire investor was surprised to see ethics in crypto not as high as private equity.
Niantic, creator of the popular Pokémon Go game, introduces world mapping for browsers, readying itself for the metaverse. Can you imagine collecting pokémon that are NFTs? I can.
Disney is looking for a corporate lawyer familiar with NFTs. NFTs, copyright not equal.
Apple is allowing apps that sell NFTs in its app store, but app developers are not happy about it.
JPMorgan says demand for crypto payments has declined.
5 altcoins that could turn bullish if bitcoin stabilizes. The key phrase here is “if bitcoin stabilizes.”
Top 10 NFT analytics tools. How to keep your OpenSea account secure.
Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger disagrees with CFTC regulation by enforcement of Ooki DAO. Everyone should disagree with regulation by enforcement. Everyone.
Napster reveals new CEO, Web3 investment plans.
DeSo wants to disrupt social media. You’ll get a lot more information, and perspective, on emerging decentralized social media platforms by reading this book (full disclosure: I’m the author).
Erik Voorhees, founder of ShapeShift, wrote a letter to Ross Ulbricht, founder of Silk Road, who is still sitting in jail for writing code and facilitating freedom. I certainly think Ross Ulbricht got too stiff a penalty, and I disagree with many of our drug laws. I particularly disagree with putting people in jail for smoking marijuana or being in possession of it. But Ulbricht certainly did break some laws in a technical sense and I do believe that laws should be upheld. Even unjust laws. But they should be upheld fairly and equitably. Unfortunately, they aren’t always upheld equitably. Still, let’s not forget that Ulbricht had a chance to accept a plea bargain and chose not to. While certain aspects of our legal system need an overhaul, we can’t forget that living in modern society requires a certain amount of wisdom. We do no justice to reality by making heroes out of those who don’t exercise it.
Justin Bieber buys Bored Ape NFT for $1.29 million, becomes target for trolls.
Reserve Bank of Australia taps next year for digital currency pilot.
Russia could legalize cryptocurrencies for international trade.
Kenya’s central bank president says it’s crazy to convert country’s reserves to bitcoin.
Snark and commentary in italics. Inclusion of an item in Cryptocracy does not mean I agree or endorse the ideas presented.
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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