@cryptocracy 29 August 2022 more from that month

Crypto Market Falls Below $1T Crypto market cap falls under **$1 trillion market cap**. Over the weekend, bitcoin fell **below $20,000**. This could be the **worst August since 2015**. Despite new lows, bitcoin mining difficult could see **8-month gains**. *Some people would say this is a great opportunity to buy.* https://news.bitcoin.com/crypto-economy-slides-under-1-trillion-as-bitcoin-and-ethereum-dive-below-previous-support-zones/ https://cryptonews.com/news/bitcoin-drops-below-usd-20000.htm https://cointelegraph.com/news/bitcoin-risks-worst-august-since-2015-as-hodlers-brace-for-septembear https://cointelegraph.com/news/bitcoin-mining-difficulty-set-for-8-month-record-gains-despite-btc-price-dip Ethereum funding rates hits **14-month low**. Why you should invest in Ethereum **before the Merge**, according to The Motley Fool. https://www.newsbtc.com/news/ethereum/ethereum-funding-rates-drop-low-short-squeeze/ https://www.fool.com/investing/2022/08/28/3-no-brainer-reasons-buy-ethereum-before-merge/ Coinbase **adds Hedera** to listing roadmap. https://insidebitcoins.com/news/coinbase-adds-hedera-altcoin-to-its-roadmap-for-listing Solana fans can now enjoy **an adult beverage** named after their favorite blockchain. Beer maker barrelDAO **sells out of NFTs** that entitle buyers to a 16-pack. *Unfortunately, transaction fees are lower than the cost of the lemonade-flavored shandy.* https://decrypt.co/108376/solana-beer-degods-okay-bears-nfts-summer-shandy https://www.cryptotimes.io/barreldao-sells-out-nft-linked-solana-themed-beer/

MakerDAO cofounder Rune Christensen advocates for **free floating DAI**. https://forum.makerdao.com/t/the-path-of-compliance-and-the-path-of-decentralization-why-maker-has-no-choice-but-to-prepare-to-free-float-dai/17466 A list of the latest **Binance delistings**. https://watcher.guru/news/here-is-the-list-of-coins-that-binance-delisted-in-2022 **XTZ plunges** after Binance-Baking Bad brouhaha. https://ambcrypto.com/xtz-plunges-after-binance-receipt-proves-tezos-is-the-bad-apple-whats-next/ CreatorDAO raises **$20 million**. https://finance.yahoo.com/news/creatordao-raises-20-million-ambitious-120000281.html?fr=sycsrp_catchall Messari says OpenSea has some **new competition**. https://twitter.com/MessariCrypto/status/1563206818910044161 Key influencer says the **SV in Bitcoin SV is temporary**. *He must be smoking something, and it’s likely not SV.* https://coingeek.com/the-sv-in-bitcoin-sv-is-only-temporary-joshua-henslee/ 10 ways to **make money in crypto**. *What isn’t mentioned are the 100+ cryptosocial media sites that will pay you in crypto for posting to them. I talk about them in my book,* ***Cryptosocial: How Cryptocurrencies Are Changing Social Media****. One recent reader* ***raves about it****.* https://www.business2community.com/cryptocurrency/make-money-with-cryptocurrency https://www.amazon.com/Cryptosocial-Cryptocurrencies-Changing-Social-Media/dp/1637421834 https://hive.blog/blog/@unklebonehead/cryptosocialbyallentayloryoumustreadthisbook-i7h80rivvbh7rmi9s8h3 Grammy-nominated artist Scott Hansen sees NFTs and Web3 as a way to **ditch “middle man” social media**. https://decrypt.co/108294/from-the-silk-road-to-nfts-why-musician-and-artist-tycho-sees-web3-as-the-endgame Put your content to work at **Read.Cash/Noise.Cash**. https://www.clubhouse.com/event/PN2yaqoZ The **top 4 social dapps** on the market. *I honestly don’t know why these lists include Steemit and not Hive, which is an improvement over Steemit, IMHO. Is it because they are shillers or they just haven’t heard of Hive? Considering this author, I find it hard to believe he hasn’t heard of Hive. In fact, I’m pretty sure he has.* https://cryptomode.com/the-top-4-social-dapps-on-the-market-today/ Coinsilium CEO says CBDCs are **no match for private crypto**. *Private cryptocurrencies are certainly where the market is, but which is best for consumers isn’t the point. Monetary choice allows every consumer an opportunity to choose which cryptocurrency to use and for which set of circumstances.* https://www.financialexpress.com/digital-currency/cryto-currency-cbdc/2647113/ NFT market **misses $1 billion in trades** mark for the first time in over a year. On the other hand, NFT theft in the last year scaled to more than **$100 million**. https://nairametrics.com/2022/08/29/nft-market-failed-to-hit-1-billion-in-trades-for-the-first-time-since-june-2021/ https://www.artnews.com/art-news/news/stolen-nft-scams-heist-100m-elliptic-1234637363/ Interoperability is the key to **crypto mass adoption**. *Most people have no idea what interoperability means. The masses won’t adopt crypto until they can be assured they have protections. In other words, regulation.* https://cointelegraph.com/news/why-interoperability-is-the-key-to-blockchain-technology-s-mass-adoption British school teacher **loses a fortune in crypto**. *When you’re this high up in gains, the wise thing to do is scrape off your initial investment so that all you have left to lose are your gains. When the market falls, reinvest that initial investment. Play to the upsides, but don’t be snookered by the downsides.* https://www.theguardian.com/technology/2022/aug/29/crypto-crash-how-a-teachers-dream-investment-turned-into-a-nightmare-loss Using crypto to **pay for luxury travel**. https://www.luxurytravelmagazine.com/news-articles/how-to-use-cryptocurrencies-to-pay-for-luxury-travel **18 uncomfortable truths** about the NFT industry. https://twitter.com/nftherder/status/1563521615027372033?s=21&t=9kCx58BkqEyFt3dDKk9VqQ What is the **“third wave” of tokenization**? https://beincrypto.com/tokens-dirty-word-third-wave-tokenization-hits/ Can Web3 **save the environment**? https://www.ft.com/content/1f795e5d-c2cf-4e91-89f1-6d5544a8a3db Someone turned Mark Zuckerberg’s metaverse avatar **into an arachnid**. *No empathy.* https://www.thegamer.com/zuckerberg-metaverse-avatar-spider-creature/ Morgan Creek Capital CEO says user-friendly wallets will lead to **surge in crypto users**. https://www.cryptoglobe.com/latest/2022/08/morgan-creek-capital-ceo-predicts-massive-flood-of-new-crypto-users/ Oh my! Meet the first-ever **fragrance NFT subscription**. *Lynyrd Skynyrd says,* “*What’s that smell?”* https://nftevening.com/scents-of-wood-to-launch-first-ever-fragrance-nft-subscription/ https://youtu.be/zk35QSdXFtg NearPay **launches custodial crypto wallet** in Europe, UK. https://financefeeds.com/near-powered-nearpay-launches-custodial-crypto-wallet-in-europe-and-uk/ Singapore may **tighten its rules** on crypto trading. https://www.cnbc.com/2022/08/29/singapore-considers-tightening-cryptocurrency-trading-by-retail-investors.html India has **115 million crypto investors**, and that’s growing. https://coingeek.com/india-boasts-of-115-million-crypto-investors-and-growing/ *Snark and commentary in italics, where I’ve always said they’d be.* 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/crypto-falls-below-1t-btc-under-20k