@cryptocracy 25 July 2022 more from that month

The Merge: Is Ethereum Destined To Be a Security? Researchers say The Merge is Ethereum’s chance to **flip bitcoin**, but will it then be **classified as a security**? Will Ethereum **be deflationary** when The Merge is complete? Is Ethereum a better **long-term buy** than bitcoin? Is the crypto market now poised for an **$8.9 trillion earthquake**? *Questions that crypto pontificators are asking leading up to The Merge.* https://cointelegraph.com/news/the-merge-is-ethereum-s-chance-to-take-over-bitcoin-researcher-says https://beincrypto.com/could-ethereum-be-classed-security-after-the-merge/ https://www.thecoinrepublic.com/2022/07/24/ethereum-is-ready-to-become-deflationary-after-the-merge/ https://www.fool.com/investing/2022/07/24/why-ethereum-is-a-better-long-term-buy-than-bitcoi/ https://www.forbes.com/sites/billybambrough/2022/07/24/all-bets-are-off-crypto-now-braced-for-a-89-trillion-earthquake-as-the-price-of-bitcoin-ethereum-bnb-xrp-solana-cardano-and-dogecoin-swing/?sh=4cf99fc4533c $6 million stolen in **Audius hack**. https://beincrypto.com/web-3-streaming-platform-audius-hacked-6m-stolen/ The next British prime minister could be **a crypto supporter**. ***Rishi Sunak*** *is a member of Britain’s parliament and is a supporter of cryptocurrencies and NFTs. He’s running to replace Boris Johnson as prime minister.* https://www.forbes.com/sites/martinrivers/2022/07/24/bitcoin-is-knocking-on-10-downing-street/?sh=7b22e3bf247c https://en.wikipedia.org/wiki/Rishi_Sunak Tesla **realized a gain** from its bitcoin sale. *After news broke, Twitter blew up with people asking Elon Musk why he sold for a loss. My thought at the time: Why would he sell at a loss? Answer: He wouldn’t. Liquidity’s important, but it’s not that important.* https://www.coindesk.com/business/2022/07/24/accounting-rules-make-the-outcome-of-teslas-bitcoin-sale-unclear/ Meet **Dogecoin’s dark side**. https://www.ibtimes.com/elon-musk-backed-dogecoin-has-dark-side-single-wallet-holds-30-supply-3584969 Meta History Museum **raised over $1 million** with NFT release to support Ukraine. On another note, Finland sold $47 million worth of **seized bitcoin** and gave the money to Ukraine. *Assuming the war in Ukraine doesn’t drag the whole world in, it could be the first war ever won with crypto funding.* https://news.bitcoin.com/meta-history-museum-raised-over-1000000-releases-new-nft-collection-in-support-of-ukraine/ https://news.bitcoin.com/finland-sells-1889-seized-bitcoins-for-47-million-proceeds-going-to-ukraine/ How to fix crypto lending’s **liquidity problem**. https://beincrypto.com/liquidity-problems-in-crypto-lending-firms-what-caused-it-how-to-fix-it/ Several attempts have been made to **move publishing toward a DAO business model**, but it’s not yet proven to be successful. *Not having been proven doesn’t mean it won’t be proven. The DAO business model for publishing is just getting off the ground. The most prominent example so far is Mirror, which isn’t a failure. Decrypt, a successful Web2 online publication in the crypto space, has spun off its own Web3 publishing effort called PubDAO. Its engine has started, but it hasn’t lifted off the ground yet. Give it five years and let’s talk. Disclosure: I recently joined PubDAO and have a Mirror account, which I hardly use.* https://digiday.com/media/dao-model-media-industry-impact-the-business-of-journalism/ Barclays is investing **$2 billion into Copper**, a crypto custodian for institutional investors. https://news.sky.com/story/barclays-snaps-up-stake-in-2bn-cryptocurrency-firm-copper-12658295 Why Peter Schiff **hates bitcoin**. *Many traditional finance experts don’t like bitcoin. Peter Schiff is just one among several. But he’ s bullish on gold, and he seems to have a fundamental lack of understanding about crypto.* https://cryptosrus.com/peter-schiffs-history-with-crypto-and-gold/

**Metaverse schools** are disrupting traditional education. *Like, right now.* The University of Tokyo will begin offering **courses on the Metaverse**. https://beincrypto.com/web3-education-traditional-learning-disrupted-by-metaverse-schools/ https://cointelegraph.com/news/the-university-of-tokyo-to-offer-courses-in-the-metaverse GameStop **removed an image** of a man falling out of a building from its NFT marketplace. NFTs could become the next **membership business model**. Retailers all over the world are **adopting NFTs** (*and why shouldn’t they?*). In fact, momentum in the NFT space seems to be **shifting toward brands**. And yet **more examples** of NFTs in the retail space. *The GameStop incident seems to be related to IP theft.* https://www.businessinsider.in/tech/news/gamestops-nft-marketplace-appears-to-remove-an-image-that-referenced-a-defining-moment-of-the-9/11-attacks/articleshow/93094404.cms https://digiday.com/media/why-publishers-link-physical-assets-experiences-to-nft-projects/ https://www.smh.com.au/business/entrepreneurship/the-nft-craze-is-coming-to-retailers-near-you-20220721-p5b3cb.html https://www.livemint.com/technology/tech-news/momentum-in-nfts-shifts-to-brands-11658724962568.html https://labusinessjournal.com/featured/nfts-are-joining-retail/ Advantages and disadvantages of **crypto IRAs**. https://www.investopedia.com/tech/pros-and-cons-investing-bitcoin-iras/ The Metaverse is fostering the use of robots for exploring **inside the human body**. Some experts believe the **adoption rate for virtual reality** in the Metaverse is really slow. https://venturebeat.com/2022/07/24/medicine-and-the-metaverse-new-tech-allows-doctors-to-travel-inside-of-your-body/ https://cointelegraph.com/news/experts-clash-on-where-virtual-reality-sits-in-the-metaverse Over 40 hours of Web3 training for **$40**. *This is not an advertisement.* https://www.pcworld.com/article/796901/get-over-40-hours-of-web3-skills-training-for-40.html Canadian investors aren’t interested in **meme coins**. *Neither am I, and I’m not Canadian.* https://insidebitcoins.com/news/coingecko-report-shows-canadian-investors-are-not-interested-in-meme-coins **Practical applications** of Hong Kong’s *Constantijn v Stive Jean-Paul Dan* legal case. https://www.globalcompliancenews.com/2022/07/24/demystifying-cryptocurrency-applying-traditional-legal-remedies-to-digital-assets110722/ Ukraine adds new fiat restrictions, which experts say will **boost crypto’s popularity**. https://news.bitcoin.com/ukraines-new-fiat-restrictions-to-boost-popularity-of-crypto-industry-says/ Dubai police to unveil **NFT collection**. https://english.alarabiya.net/News/gulf/2022/07/25/Dubai-Police-to-unveil-its-next-NFT-collection-during-GITEX-2022 *Snark and commentary in italics.* 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/will-ethereum-be-a-security-after