@cryptocracy 10 October 2022 more from that month

Bitcoin's Hashrate is Going Up ***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?* https://news.bitcoin.com/progress-toward-bitcoins-halving-is-60-complete-block-times-suggest-reduction-could-happen-next-year/ https://www.coindesk.com/business/2022/10/09/bitcoin-mining-is-cool-again-we-can-thank-africa-prudence-and-growing-hashrate-for-that/ https://news.bitcoin.com/veteran-trader-peter-brandt-suggests-all-btc-acquired-in-2021-is-a-losing-trade-reignites-feud-with-laser-eyes-movement/

Tether **freezes $160 million** in USDT. *Not the first time Tether has blocked wallets, but it is the largest blacklist yet.* https://blockchainreporter.net/tether-freezes-160m-usdt-stablecoin-on-ethereum-blockchain/ 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.* https://u.today/cardano-founder-says-xrp-should-be-regulated-as-commodity-heres-why https://bitcoinik.com/ripple-co-founder-supports-charles-hoskinson-over-community-dispute/ Coinbase has moved to the **Land Down Under**. https://cryptodaily.co.uk/2022/10/coinbase-expands-into-australia-with-two-new-services OpenSea **CFO resigns**. https://www.ibtimes.com/nft-marketplace-openseas-cfo-steps-down-3622080 Polkadot, Cosmos lead the way in **staking yields**. https://venturebeat.com/virtual/banks-cant-afford-to-roll-their-eyes-at-the-metaverse/

About Capital is **acquiring Huobi Global**. Is Justin Sun **pulling the strings** from behind the scenes? *I always though he looked like the Wizard of Oz.* https://www.coindesk.com/business/2022/10/07/crypto-exchange-huobi-global-to-be-acquired-by-about-capital/ https://www.ibtimes.com/tron-founder-justin-sun-could-shadow-owner-crypto-exchange-huobi-heres-why-3622074 Former Goldman Sachs exec says Solana is poised to **lead the next bull cycle**. *I’d like to see that!* https://dailyhodl.com/2022/10/09/one-ethereum-competitor-has-very-high-chance-of-leading-next-bull-cycle-according-to-macro-guru-raoul-pal/ 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.* https://www.jumpstartmag.com/the-u-s-military-is-rolling-out-its-own-metaverse/ https://www.seattletimes.com/business/metas-new-head-of-seattle-area-offices-on-the-road-to-a-metaverse/ https://venturebeat.com/virtual/banks-cant-afford-to-roll-their-eyes-at-the-metaverse/ 30-day NFT sales are **88 percent lower** than 8 months ago. The Greedy Machines facilitate **bitcoin mining through NFTs**. How to build an **NFT customer loyalty program**. Solana hackers are using NFTs to **steal passwords**. Polygon’s NFT activity has **fallen off a cliff**. Book lovers can now read **Moby Dick as an NFT**. *I wanted to try Book.io, so I bought a non-fiction book NFT off a secondary marketplace—because it was the least expensive NFT book I could find and the original mints had sold out. I’m now the not-so-proud owner of* ***Cardano for the Masses****. I still haven’t figured out how to read it as it seems their Web-based e-book reader is dysfunctional. I’ve put in a support ticket.* https://news.bitcoin.com/30-day-nft-sales-are-88-lower-than-they-were-8-months-ago-google-searches-nosedived/ https://beincrypto.com/gmt-token-launches-new-the-greedy-machines-nft-collection/ https://www.campaignasia.com/article/building-an-nft-customer-loyalty-program-what-brands-need-to-know/481692 https://www.bleepingcomputer.com/news/security/solana-phantom-security-update-nfts-push-password-stealing-malware/ https://ambcrypto.com/is-polygon-facing-trouble-in-the-matic-paradise-amid-its-web3-expansion-plans/ https://www.lifestyleasia.com/bk/gear/tech/book-nfts-are-now-a-thing-and-theres-even-a-marketplace/ https://book.io/cardano-for-the-masses/ Is **crypto winter melting** into crypto spring? https://www.ft.com/content/ceee127d-26f2-4a15-b7f7-904e1c33d1c9 **5 podcasts** to learn about crypto. *Hey, don’t forget about* ***Defluenced****!* https://www.makeuseof.com/best-cryptocurrency-podcasts/ https://defluenced.online/ XEN consumed 42 percent of Ethereum gas fees in 24 hours, but **what is it**? https://beincrypto.com/this-token-guzzled-42-ethereum-gas-past-24-hours/ Blockwater Technologies **defaults on TrueFi loan**. https://www.coindesk.com/markets/2022/10/10/crypto-investment-firm-blockwater-technologies-defaults-on-defi-loan/ A list of **anonymous cryptocurrencies**. https://www.thecoinrepublic.com/2022/10/09/a-list-of-the-most-anonymous-cryptocurrencies/ Top 5 **use cases for cryptocurrencies**. *The fifth one is actually three “other cases.” Cheater!* https://coincodex.com/article/19714/top-5-use-cases-of-bitcoin-and-cryptocurrencies/ 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.* https://cointelegraph.com/news/social-tokens-will-be-the-engine-of-web3-from-fanbases-to-incentivization Blockster is rolling out new features to transform into a **token-gated platform**. https://blockster.com/introducing-blockster-a-web3-media-platform The scope of **digital currencies**. https://kathmandupost.com/columns/2022/10/09/youth-is-not-just-a-matter-of-age-1665334298 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.* https://qz.com/rbis-digital-rupee-wont-be-like-cryptocurrencies-1849636940 https://cryptobriefing.com/four-signs-digital-dollar-is-coming-why-you-should-care/ Iranian bitcoin advocate **arrested in Tehran**. https://www.coindesk.com/policy/2022/10/09/iranian-bitcoin-advocate-ziya-sadr-arrested-by-iranian-security-forces/ Salvadoran President Nayib Bukele says the world’s most powerful elites are **afraid of bitcoin**. *He’s right.* He says to **stop drinking their Kool-Aid**. *That’s good advice.* https://news.bitcoin.com/salvadoran-president-nayib-bukele-takes-aim-at-bitcoin-detractors-says-the-ones-who-are-afraid-are-the-worlds-powerful-elites/ https://bitcoinmagazine.com/print/stop-drinking-the-elites-kool-aid *Snark and commentary in italics. Inclusion of an item does not mean I agree or endorse the ideas presented. Of course, it also doesn’t mean I don’t.* 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.* https://cryptocracy.substack.com/p/why-is-bitcoins-hashrate-climbing **This newsletter edition can be minted as an NFT for free at Cent.Pages. To see it, collect it, and view other mints of the Cryptocracy newsletter, visit my** ****Cent profile******.** https://allentaylor.cent.co/