@cryptocracy 20 November 2021 more from that month

Brave's New Wallet and the DAO That Lost the Constitution

**Hot news:** Brave browser has launched an **in-browser crypto wallet** and one of its features is NFT storage. https://www.inputmag.com/tech/brave-launches-free-in-browser-crypto-wallet-with-mobile-support-to-come Perhaps the most interesting news this week involves a DAO—decentralized autonomous organization. A DAO called ConstitutionDAO **raised $46 million** to buy a copy of the U.S. Constitution from auction house Sotheby’s. Unfortunately, the 17,000-member DAO lost to an anonymous bidder, but they did make history as did the bidder. Bill Gates held the record for auctions for his 1994 bid for Leonard da Vinci’s Codex Leicester at Christie’s. He paid $30.8 billion. Fortune asks one of the most pertinent questions of our day: **Can a DAO replace a traditional corporate board**? My vote is “yes.” https://news.artnet.com/market/sothebys-constitution-cryptocurrency-sale-2037156 https://fortune.com/2021/11/19/dao-decentralized-autonomous-organization-consitutiondao/ Bitcoin **fell 20 percent** in one week. Bear market or a slight correction? Is next week going to be its **worst week** in months? Some see it as an **opportunity to buy**. Others see it as **the bottom**. Whether it is or isn’t, there’s one thing for sure. A company called Mode went up and then down based solely on **a mistake** involving the lead cryptocurrency. Kisses are sweet, but they can be wet and sloppy. https://nypost.com/2021/11/19/bitcoin-nears-bear-market-territory-slides-almost-20-percent/ https://www.livemint.com/market/cryptocurrency/cryptocurrency-bitcoin-prices-fall-to-1-month-low-heads-for-worst-week-in-months-11637298178196.html#box_11637298178196 https://cointelegraph.com/news/bitcoin-clings-to-56k-as-whales-keep-buying-watch-these-btc-price-levels https://cointelegraph.com/news/3-reasons-why-bitcoin-s-drop-to-56-5k-may-have-been-the-local-bottom https://www.washingtonpost.com/business/a-fintech-flub-exposes-risk-of-cryptocurrency-hype/2021/11/19/6d21df86-4965-11ec-beca-3cc7103bd814_story.html JPMorgan predicts that XRP will skyrocket to the moon **if Ripple wins its lawsuit** against the SEC. But some are asking if a **settlement is in the works**. https://financefeeds.com/jp-morgan-if-ripple-wins-sec-lawsuit-xrp-is-poised-for-significant-adoption/ https://financefeeds.com/sec-v-ripple-why-has-xrp-lawsuit-gone-silent/ Chris Neiger says why Ethereum is **the next Bitcoin**. If, somehow, you’ve missed out on the Ethereum opportunity—and just for the record, you haven’t—one fool tells you **what to invest in next**. Meanwhile, Binance has integrated **Arbitrum One**, Ethereum’s scaling solution. https://www.usatoday.com/story/money/investing/2021/11/19/cryptocurrency-why-ethereum-is-next-bitcoin/49385821/ https://www.fool.com/investing/2021/11/19/missed-out-on-ethereum-heres-what-to-buy-now/ https://www.coindesk.com/tech/2021/11/19/binance-fully-integrates-ethereum-scaler-arbitrum-one/ Robinhood’s legal chief says Coinbase’s proposal to create a digital assets regulatory agency is **stupid**. And we all trust Robinhood, don’t we? https://www.benzinga.com/markets/cryptocurrency/21/11/24192423/robinhoods-head-of-legal-calls-coinbases-crypto-policy-proposal-one-of-the-stupidest-ideas How Binance became the world’s biggest crypto exchange, processing **$78 billion a day**. https://www.wsj.com/articles/binance-became-the-biggest-cryptocurrency-exchange-without-licenses-or-headquarters-thats-coming-to-an-end-11636640029 Cardano briefly **flipped Ethereum** in transaction volume on Friday. But is ADA in a “**make or break**” pattern? https://www.fxstreet.com/cryptocurrencies/news/cardano-flips-ethereum-in-transaction-volume-as-ada-price-recovers-swiftly-202111191524 https://www.thecoinrepublic.com/2021/11/19/analysts-believe-that-cardano-might-be-in-a-make-or-break-situation-in-the-coming-days/ Have you ever wondered, What if the bitcoin super cycle is real? **John Wegehaupt has**. **This is an awesome read!** https://johnwege.substack.com/p/what-if-the-bitcoin-super-cycle-is Are Taproot smart contracts **more private** than others? https://bitcoinist.com/why-are-taproot-smart-contracts-more-private-a-non-technical-explanation/ Only 10 percent of banks **support crypto**. Surprise! https://www.pymnts.com/cryptocurrency/2021/only-10-pct-of-banks-support-crypto-for-cross-border-deals/ **Cryptographers aren’t happy** with the way we’re using the word “crypto.” https://www.theguardian.com/technology/2021/nov/18/crypto-cryptocurrency-cryptographers Former Secretary of State Hillary Clinton, a hero to some and the devil to others, says **cryptocurrencies could devastate national economies** and undermine the U.S. dollar. Of course, it could also make some people filthy rich. Maybe that’s what she’s afraid of. https://thecryptobasic.com/2021/11/19/hillary-clinton-says-crypto-could-devastate-many-country-economies-and-undermine-dollar-as-worlds-reserve-currency/ The world’s first egalitarian blockchain marketplace **has launched** on the NexGen blockchain. Maybe that will make Hillary happy. https://finance.yahoo.com/news/worlds-first-egalitarian-marketplace-launches-133100347.html The **top 3 metaverse cryptocurrencies**. If you’re confused about what the metaverse is, **this is how it relates to cryptocurrencies**. https://www.fool.com/investing/2021/11/19/3-top-metaverse-cryptocurrencies-that-are-skyrocke/ https://www.yahoo.com/now/understanding-metaverse-relates-cryptocurrency-192229918.html The IRS has seized **$3.5 billion in cryptocurrency** this year. And the U.S. is listing $56 million in cryptocurrency for sale, **seized from BitConnect**. https://www.nbcnews.com/tech/security/irs-seized-35-billion-cryptocurrency-year-agency-says-rcna6157 https://www.wsj.com/articles/u-s-to-sell-56-million-in-cryptocurrency-seized-in-bitconnect-fraud-scheme-11637108121 U.S. lawmakers introduce **bipartisan bill** on crypto tax reporting. The bill defines what a broker is. https://www.cnbc.com/2021/11/18/new-bipartisan-bill-to-addresses-crypto-tax-reporting-requirement.html Around the World with Crypto The World Economic Forum has **launched a resource** for digital currencies. In case you missed it, **here it is again**. https://forkast.news/headlines/world-economic-forum-digital-currency-resource/ https://moderndiplomacy.eu/2021/11/19/first-of-a-kind-global-resource-for-central-bank-digital-currency-stablecoin-launched/ Kraken to **delist Monero** in the UK. https://cointelegraph.com/news/kraken-to-delist-monero-for-uk-customers-by-the-end-of-november India is getting progressive with **crypto regulation**. https://coingeek.com/india-plans-progressive-steps-towards-digital-currency-regulation/ https://youtu.be/3ssytrMW1r8 U.S. deputy treasury secretary says central bank digital currencies **won’t impact** U.S. sanctions. We can all sleep at night now. https://cointelegraph.com/news/digital-currencies-won-t-impact-us-sanctions-treasury-exec-says China’s Xiongan New District warns citizens of **digital yuan fraud**. https://www.coindesk.com/policy/2021/11/19/chinese-local-government-warns-of-digital-yuan-fraud/ The Reserve Bank of Australia warns against **crypto frenzy**. Ya’ll don’t get too crazy now. https://www.thecoinrepublic.com/2021/11/19/reserve-bank-of-australia-warns-against-vogue-frenzy-on-crypto/ Kyrgyzstan is shutting down a cryptocurrency farm with **2,500 mining rigs**. That’ll teach ‘em not to feed the pigs. https://news.bitcoin.com/kyrgyzstan-shuts-down-cryptocurrency-farm-with-2500-mining-rigs/ *As usual, nothing in this newsletter is financial advice. Please seek a financial advisor before you throw your life savings away. First published at* *Cryptocracy**.* https://cryptocracy.substack.com/p/braves-new-crypto-wallet-and-daos