@cryptocracy 12 October 2022 more from that month

Bitcoin Maximalism is Going to Explode, But When? ***Be sure to take my poll. Scroll down to the bottom of*** ***this post*** ***and answer “Yes” or “No.”*** https://cryptocracy.substack.com/p/twitter-tuesday *Episode 5 of Defluenced is out!* *Watch it on YouTube**. We’re talking about Web3’s identity crisis.* https://www.youtube.com/watch?v=bXj_oatrk7A Crypto News and Analysis   Bitcoin maximalism is a cultural Chernobyl. **(A FABULOUS READ)** *Crypto maximalism has become the alt-right of the alt-right in crypto.* Can bitcoiners help fix Tor? *Did you know it was broken?* https://www.coindesk.com/layer2/2022/10/11/the-rise-and-fall-of-bitcoin-maximalism/ https://bitcoinmagazine.com/culture/if-you-love-bitcoin-you-should-help-tor Ethereum wallet balances can now be tracked directly on the Google search engine. *Just like the weather.* https://cointelegraph.com/news/you-can-now-search-eth-addresses-on-google-but-what-about-bitcoin You’ve likely heard by now that Elon Musk has decided to buy Twitter, after all. Well, Binance is contributing $500 million to the buyout. Infrawatch says Binance is too risky for the Philippines. The exchange bans derivatives in Hong Kong. *Interestingly, Jack Dorsey and Elon Musk agree on how Twitter should be run, and it looks nothing like the current Twitter. They had a* *private conversation* *about it.* https://cryptonews.com/news/binance-invest-500-million-elon-musk-twitter-buyout.htm https://coingeek.com/binance-security-issues-make-it-too-risky-for-philippines-market-think-tank-says/ https://www.coindesk.com/video/binance-bans-derivatives-in-hong-kong-ethereum-fork-boosts-trading/ https://www.businessinsider.com/elon-musk-gets-private-texts-from-jack-dorsey-about-twitter-2022-9 We’ve seen the sinking ship that is Celsius dox its own customers. Now, someone has created a tool from that list to show who lost the most money. The winner lost more than $40 million. *Anyone who thinks KYC is a good is off his freaking rocker.* https://cryptocracy.substack.com/p/man-claims-to-have-found-btc-creators https://decrypt.co/111550/new-tool-shows-how-much-users-lost-celsius-bankruptcy https://celsiusnetworth.com/ Ripple CEO Brad Garlinghouse says his company’s wrestling match with the Securities and Exchange Commission (SEC) will be over in 3-4 months. Here are the next key dates in the case. On another note, Ripple is building new relationships in France and Sweden. *You can bet the SEC is going to drag it out longer if they don’t think they can win on merit.* https://cointelegraph.com/news/ripple-boss-tips-when-sec-case-will-end-as-hoskinson-hits-back-at-xrp-army https://u.today/xrp-here-are-next-key-dates-in-ripple-sec-lawsuit https://www.coindesk.com/business/2022/10/11/ripple-builds-new-partnerships-in-france-and-sweden-despite-crypto-bear-market/ Google will use Coinbase for taking crypto payments for cloud services. https://www.cnbc.com/2022/10/11/google-selects-coinbase-to-take-cloud-payments-with-cryptocurrencies.html Report says DAOs are in the 3.0 era. *Almost half of all DAOs are in DeFi. Very few are in media and communications. It looks like NFTs and DeFi dominate. Surely, there are excellent use cases in other areas.* https://cointelegraph.com/news/daos-are-in-era-3-0-thanks-to-an-infrastructure-renaissance-report

CNN is shutting down its NFT marketplace and offering a partial refund. Some people are calling it a rugpull. *If it looks like a rugpull, it’s likely a rugpull. I’m not sure what those suckered by this media kingpin can do about it.* https://cointelegraph.com/news/cnn-to-shut-down-its-nft-marketplace-and-issue-20-refund https://gizmodo.com/cnn-nfts-vault-1849642160 Is the Coinbase documentary just clever propaganda? https://newsletters.theatlantic.com/galaxy-brain/6344df6ab606fe0037676d4a/i-watched-the-coinbase-documentary-so-you-dont-have-to/ The SEC is questioning Yuga Labs for selling Bored Apes without a license. *The SEC will have a hard time convincing anyone that NFTs are securities. If they end up taking action, it will be worse than the case against Ripple.* https://www.coindesk.com/policy/2022/10/11/sec-investigating-bored-ape-creator-yuga-labs-over-unregistered-offerings-report/ Gemini launches in Ireland. https://www.altfi.com/article/9959_cryptocurrency-platform-gemini-continues-european-expansion-launches-in-ireland OpenSea is launching NFT marketplace on Avalanche. *I can’t think of a better place. Or can I?* https://techcrunch.com/2022/10/11/opensea-launches-nft-marketplace-on-avalanche/ Web3 Foundation launches blockchain, Polkadot courses on edX. Magic Square is building a Web3 app store. https://cointelegraph.com/news/the-web3-foundation-taps-edx-for-free-courses-on-blockchain-and-polkadot https://techcrunch.com/2022/10/11/magic-square-web3-app-store-apple/ Bittrex fined $24 million for doing business in Cuba, Iran, and Crimea. https://www.nytimes.com/2022/10/11/business/bittrex-sanctions-penalty.html Don’t miss this comparison between Solidity, Vyper, and Scrypto. And this lowdown on dClimate, the smart contract for climate data. https://cointelegraph.com/news/vyper-solidity-and-scrypto-how-the-smart-contract-languages-compare https://www.nasdaq.com/articles/dclimate:-smart-contracts-for-the-warming-world Bastyon Founder Daniel Satchkov lays it all out in Dubai. *He says there is no compromising Web3 with Web2 principles. None!* https://bastyon.com/index?v=86f67dd60f7a642674e72e81df9394018f0b4040f65f5c3b75fab324b084c9a8&video=1 Decentraland disputes Dappradar’s metric of 38 daily active users. https://futurism.com/the-byte/metaverse-decentraland-report-active-users Top 12 Web3 domain name registries. *This is an interesting list. Some of these I haven’t heard of, but they mention Unstoppable Domains as the leader and Ethereum Name Service as the “traditional” service. Worth a look.* https://bitcoinist.com/top-12-web3-domain-name-registries-and-platforms-in-2022/ Could China’s digital currency be used to evade U.S. sanctions? *Of course it could, but who cares?* https://www.japantimes.co.jp/news/2022/10/11/world/uk-spy-chief-china-digital-currency/ *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/when-will-bitcoin-maximalism-explode