@cryptocracy 19 March 2022 more from that month

TIME Issues NFT and WIRED Journalist Creates a DAO TIME Magazine releases **entire issue as an NFT**. Meanwhile, GameStop plans to launch an **NFT marketplace**. https://time.com/6158525/time-releases-first-ever-nft-magazine-issue/ https://www.bloomberg.com/news/articles/2022-03-17/gamestop-misses-earnings-estimate-to-launch-nft-marketplace Binance has **left Ontario**. But are they **cooperating with Russia**? https://decrypt.co/95423/crypto-exchange-binance-confirms-shut-down-in-ontario-canada https://www.coindesk.com/markets/2022/03/18/ukraine-crypto-exchange-founder-accuses-binance-of-cooperating-with-the-russian-government/ Crypto lender BlockFi was the **target of a breach** that led to personal data of customers being leaked. https://coingape.com/just-in-blockfi-data-breach/ Bitcoin advocates have long considered cryptocurrencies to be tools to enhance individual freedom, but one prognosticator says President Joe Biden’s CBDC is a **threat to freedom**. Another says Canada’s crypto seizure reveals **cryptocurrency’s inherent flaws**. https://www.newsweek.com/bidens-plan-digital-dollar-massive-threat-freedom-opinion-1688803 https://jalopnik.com/canadas-seizure-of-crypto-from-freedom-convoy-highlight-1848667089

**Today’s must-read:** Residents of a rural neighborhood in the Appalachians have discovered the **downside of bitcoin mining**—it’s noisy. China **banned crypto mining** last year and that has led to mining companies moving to America, searching out the best places with the lowest electricity costs. That’s often in rural areas. *But I can’t help but wonder how many more social issues will be caused by crypto mining. Rural people typically love their peace and quiet.* https://www.washingtonpost.com/business/2022/03/18/bitcoin-mining-noise-pollution-appalachia/ https://www.voanews.com/a/east-asia-pacific_voa-news-china_why-china-cracking-down-bitcoin/6207912.html A WIRED journalist **created a DAO** “for laughs.” I wonder if he considered the **pros and cons of DAO voting systems**. DAOs have steadily grown in size and influence and the **top 5 DAO treasuries** all hold more than half a million dollars. On Ethereum, DAOs have **topped $8.2 billion**. The number is $1.3 billion on Solana. A startup in San Francisco called Coinbooks is **creating an accounting software package** for DAOs. *It looks like DAOs may have a future, after all.* https://www.wired.com/story/i-created-a-dao-for-laughs-want-to-join/ https://www.lifespan.io/topic/finding-a-dao-voting-protocol-fit-for-purpose/ https://cryptomode.com/top-5-daos-by-their-treasury-size/ https://decrypt.co/95470/dao-treasuries-ethereum-solana-deepdao https://www.theblockcrypto.com/linked/138356/coinbooks-raises-3-2-million-to-build-accounting-software-for-daos Forbes asks, Is the metaverse **worth the hype**? And Second Life creator says Facebook-like business model **won’t work for the metaverse**. That’s why his creation uses a different model. https://www.forbes.com/sites/melaniefine/2022/03/18/is-the-metaverse-worth-all-the-hype/?sh=6e7072651ab9 https://asia.nikkei.com/Editor-s-Picks/Interview/Second-Life-creator-sees-disaster-in-Facebook-like-metaverse

Quadrata **partners with TransUnion** to provide the credit scorer’s customer data for crypto loans. https://www.ledgerinsights.com/transunion-credit-score-data-to-be-used-for-cryptocurrency-loans/ *Snark and commentary in italics.* 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/times-nft-cbdcs-and-freedom-and-a?s=w **Image credits:** Canada, Jalopnik.com; Second Life, Asia Nikkei