@cryptocracy 27 April 2022 more from that month

When Elon Musk Bought Twitter, Guess What Happened Today, at 1 p.m. EST, Ryan Gerardi and I will match wits as we discuss Elon Musk’s purchase of Twitter, Ford’s electric vehicle, and the top 80 cryptosocial media platforms and protocols. You’re invited to join us on **The MTC Show**. Live! https://autoconversion.net/autoconverse/blog/buzz-worthy/musk-buys-twitter-ford-lightning-truck-launch-80-crypto-social-media-platforms/ Give us a listen. Hold your questions until the end, please.

One Ethereum NFT creator **lost $34 million** on a smart contract error. That’s because smart contract developers **aren’t focused on security**. *And yet some people are disappointed that Ethereum’s Merge has been* ***delayed again****. Instead, they should be happy that somebody working on a blockchain is trying to get it right before implementation.* https://fortune.com/2022/04/26/micah-johnson-akutars-nft-launch-smart-contracts-error/ https://www.theregister.com/2022/04/26/smart_contract_losses/ https://www.coindesk.com/business/2022/04/13/ethereum-merge-no-longer-expected-in-june/ The Lightning Network is bringing **bitcoin payments** back. Still, bitcoin is **not Gold 2.0**. https://www.coindesk.com/layer2/paymentsweek/2022/04/26/the-lightning-network-is-bringing-payments-back-to-bitcoin/ https://seekingalpha.com/article/4503842-bitcoin-is-not-gold-2-0 Coinbase CEO Brian Armstrong says Elon Musk buying Twitter is a **“big win” for free speech**. *How does he know that? The man hasn’t done anything with it yet.* https://www.bloomberg.com/news/articles/2022-04-26/coinbase-ceo-calls-musk-twitter-deal-great-win-for-free-speech Following on the heels of Elon Musk’s Twitter buy, Meta (*the company formerly known as Facebook*) is **creating a physical building** for its virtual metaverse products. Bytedance, the Beijing-based owner of TikTok, wants to be the **Meta of the East**. Yuga Labs, creator of the Bored Apes and the Mutant Apes, is imposing **Know Your Customer verification**. One lucky devil met **his future husband** in the metaverse. A journalist went undercover in Meta’s metaverse and found users boasting about liking **little girls and hurling racist insults**. *It turns out the virtual world is just as depraved as the real world.* https://finance.yahoo.com/video/meta-creating-physical-building-metaverse-210757634.html https://www.forbes.com/sites/ninaxiang/2022/04/26/tiktok-parent-bytedance-follows-metas-footsteps-down-risky-path-toward-the-metaverse/?sh=36cecf37395e https://www.theblockcrypto.com/linked/143535/yuga-labs-otherside-metaverse-land-auction-imposes-kyc-checks https://nypost.com/2022/04/26/i-met-my-dream-guy-in-the-metaverse-and-now-were-engaged/ https://www.irishtimes.com/culture/tv-radio-web/inside-facebook-s-metaverse-where-racial-homophobic-and-sexual-abuse-are-rampant-1.4862407 Searches for “Buy Dogecoin” **surge 392 percent** as Elon Musk buys Twitter. *If people buy Dogecoin because Elon Musk bought Twitter, they’re idiots. Did I say that nicely enough?* https://www.valuewalk.com/searches-for-buy-dogecoin-explode-392-as-elon-musk-buys-twitter/ Most cryptocurrencies are **mined in the U.S**. Beyond that, Kazakhstan, Russia, Canada, and Ireland round out the top five. *Interestingly, the U.S. state of Texas and Kazakhstan were both huge beneficiaries* ***when China banned crypto mining*** *last year.* Speaking of Texas, Fort Worth will be the first city to **mine bitcoin at city hall**. https://en.as.com/latest_news/which-are-the-countries-where-most-cryptocurrencies-are-mined-n/ https://www.buzzfeednews.com/article/amansethi/cryptocurrency-bitcoin-mining-migration-china-kazakhstan-us https://www.cnbc.com/2022/04/26/fort-worth-tx-the-first-city-in-the-us-to-mine-bitcoin.html U.S. Congressmen **reveal their crypto holdings**. Globally, calls for crypto regulation are **heating up** as regulators express concern over Ponzi schemes. https://fortune.com/2022/04/26/congress-members-cryptocurrency-market-regulation-market/ https://www.barrons.com/articles/regulators-voice-concerns-over-cryptocurrencies-and-ponzi-scheme-dynamics-51650986999 Jack Marque tells you how to earn **34 percent** on your cryptocurrencies. *Do your own freaking research (DYOFR). No one can say that often enough or loud enough.* https://medium.com/@jackmarque/how-to-earn-34-on-your-cryptocurrency-963ebb14f28a Buenos Aires plans to allow citizens to **pay taxes in cryptocurrency**. https://news.bitcoin.com/buenos-aires-confirms-it-plans-to-allow-citizens-to-pay-taxes-with-cryptocurrency/ Crypto miners in Galveston, Texas surreptitiously **planted mining rigs** on six different ISD campuses. *The rigs were placed by a district employee who has since resigned. The article doesn’t say it was a teacher (and probably wasn’t), but what an opportunity to teach children real-world economic principles. They should offer a course on crypto mining.* https://www.chron.com/news/houston-texas/article/Cryptocurrency-mining-devices-discovered-at-six-17127485.php **Goings on in the metaverse:** The Bored Ape Yacht Club was hacked. An Instagram phishing scam produced **$3 million in returns** for the hackers. Nike introduced its metaverse sneakers and they’re **selling for $8,000**. *Wanna go for a run?* The National Football League has released a new **NFT collection on Polygon**. DC Comics will use a **Caped Crusader NFT** to influence its story line. **Virtual doctors** at an NFT clinic can’t give real medical advice. One question every parent must answer is whether their toddler **needs an NFT**. *Isn’t the metaverse the place you’d really like to be?* https://www.theguardian.com/technology/2022/apr/26/bored-ape-yacht-club-nft-hack-theft-art-simian-oblivion https://www.cnet.com/personal-finance/crypto/nikes-nft-sneakers-for-the-metaverse-are-selling-for-8k/ https://www.coindesk.com/business/2022/04/25/nfl-draft-goes-nft-football-league-releases-new-collection-on-polygon/ https://www.ledgerinsights.com/warner-bros-dc-comics-batman-nfts-to-influence-story-line/ https://www.theverge.com/2022/4/26/23042736/go-read-this-nft-clinic-medical-advice-metadocs-metaverse https://www.nytimes.com/2022/04/26/arts/nft-zigazoo-qai-qai.html How do you **store bitcoin on Metamask**? https://cointelegraph.com/news/how-to-store-bitcoin-on-metamask Fidelity Investments will begin offering **bitcoin as an option for 401(k)s**. https://www.cnn.com/2022/04/26/success/fidelity-bitcoin-401k/index.html NFTs are the new **social media playbook**. How to **build a strong community** around NFTs. *I’d say cryptocurrencies have* ***changed how we think about social media****.* https://news.yahoo.com/nfts-social-media-playbook-165225526.html https://www.forbes.com/sites/forbesbusinesscouncil/2022/04/26/building-a-strong-community-with-nfts/?sh=387ba753196f https://www.amazon.com/Cryptosocial-Cryptocurrencies-Changing-Social-Media/dp/1637421834 DAO treasuries now hold more than **$11 billion**. The largest DAO is BitDAO. SNACKCLUB raised $9 million to create a **gaming DAO**. *Personally, I like what* ***Cabin*** *is doing.* https://cryptobriefing.com/dao-treasuries-now-hold-more-than-11-billion/ https://www.nasdaq.com/articles/snackclub-raises-%249-million-to-create-gaming-dao https://www.creatorcabins.com/ The best **crypto-friendly banks** around the world. https://coindoo.com/crypto-friendly-banks/ Cryptocracy is a decentralized newsletter published 4 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.* https://cryptocracy.substack.com/p/what-happened-when-elon-bought-twitter?s=w Image credit: The MTC Show