@cryptocracy 26 September 2022 more from that month

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.* https://beincrypto.com/ethereum-sees-98-decrease-in-eth-issuance-since-merge/ https://www.youtube.com/watch?v=eUCmw4C01Ms https://twitter.com/iohk_charles/status/1573939360151621632?s=46&t=wyFpIyW9SEb9wnetkNhxDg https://decrypt.co/110452/this-week-on-crypto-twitter-outrage-as-sec-claims-all-ethereum-transactions-are-american https://cryptopotato.com/vitalik-buterin-names-the-two-cryptocurrencies-he-wants-to-see-move-to-pos/ Binance wants to **return to Japan**, combines savings and staking in **Simple Earn**. https://www.bloomberg.com/news/articles/2022-09-26/binance-seeks-permit-to-return-to-japan-market-after-four-years#xj4y7vzkg https://www.bsc.news/post/binance-launches-simple-earn-combining-savings-and-staking As crypto companies head for bankruptcy, legal experts struggle with how to distribute assets since there is no precedent for **categorizing crypto assets**. https://emeatribune.com/crypto-bankruptcies-could-put-some-customers-at-the-bottom-of-the-totem-pole/ Billionaire investor was surprised to see **ethics in crypto** not as high as private equity. https://www.ft.com/content/c5dd6c35-d3e2-4602-a8e4-54266990cfd3 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.* https://screenrant.com/niantic-metaverse-world-mapping-web-browsers/

Disney is looking for a corporate lawyer **familiar with NFTs**. NFTs, copyright **not equal**. https://cointelegraph.com/news/disney-seeks-corporate-lawyer-for-emerging-technologies-and-nfts https://www.sociobits.org/2022/09/the-complicated-truth-regarding-nfts-and-copyright/10094 Apple is **allowing apps that sell NFTs** in its app store, but app developers are **not happy about it**. https://nftevening.com/apple-will-allow-apps-selling-nfts-on-its-app-store/ https://economictimes.indiatimes.com/tech/startups/nft-startups-shun-apple-app-store-due-to-high-commission-tough-rules/articleshow/94431508.cms JPMorgan says demand for crypto payments **has declined**. https://news.bitcoin.com/jpmorgan-demand-for-crypto-as-payment-method-has-drastically-declined/ 5 altcoins that could turn bullish **if bitcoin stabilizes**. *The key phrase here is “if bitcoin stabilizes.”* https://cointelegraph.com/news/5-altcoins-that-could-turn-bullish-if-bitcoin-price-stabilizes Top 10 **NFT analytics tools**. How to **keep your OpenSea account secure**. https://www.analyticsinsight.net/top-10-nft-analytics-tools-investors-should-use-in-2022/ https://www.makeuseof.com/secure-opensea-account/ 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.* https://businessblockchainhq.com/business-blockchain-news/lawsuit-against-ooki-dao-takes-new-twist-as-cftc-commissioner-dissents-ruling/ Napster reveals new CEO, **Web3 investment plans**. https://musically.com/2022/09/26/napster-reveals-funding-web3-investment-arm-and-its-new-ceo/ 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).* https://screenrant.com/deso-blockchain-revolutionize-social-media-how/ https://www.amazon.com/Cryptosocial-Cryptocurrencies-Changing-Social-Media/dp/1637421834 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.* https://www.moneyandstate.com/blog/letter-to-ross-ulbricht Justin Bieber buys Bored Ape NFT for **$1.29 million**, becomes target for trolls. https://www.thenews.com.pk/latest/929966-netizens-troll-justin-bieber-over-bored-ape-nft-purchase-for-129-million Reserve Bank of Australia taps next year for **digital currency pilot**. https://www.smh.com.au/business/banking-and-finance/reserve-bank-digital-currency-pilot-tipped-for-next-year-20220926-p5bl3g.html Russia could **legalize cryptocurrencies** for international trade. https://www.russia-briefing.com/news/russia-moves-closer-to-legalizing-cryptocurrencies-in-international-trade.html/ Kenya’s central bank president says it’s crazy to **convert country’s reserves** to bitcoin. https://news.bitcoin.com/kenyan-central-bank-says-its-craziness-to-convert-countrys-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.* https://cryptocracy.substack.com/p/eth-issuance-98-down-since-merge Image credit: Screen Rant