@cryptocracy 21 March 2022 more from that month

Ukraine Legalizes Bitcoin and Coinbase Gets Sued Ukraine has officially **legalized bitcoin**. https://bitcoinmagazine.com/markets/ukrainian-president-zelensky-signs-law-legalizing-bitcoin In related news, are you **keeping up with the** ***bitcoin runner***? He’s traveled to seven countries on foot and has 33 more to go, spending only bitcoin on the way. And if you’re wondering about running a bitcoin node, you’ll want to look at **the advantages**. https://cointelegraph.com/news/bitcoin-runs-the-world-traveling-to-40-countries-in-400-days-with-btc https://usethebitcoin.com/advantages-of-running-a-bitcoin-node/ **Coinbase is being sued** for allegedly selling 79 unregistered securities. https://www.arabnews.com/node/2046166/business-economy **The history of NFTs**, unlike any history you’ve ever seen. (**You’ve got to check this one out.**) In the UK, **NFT fraud is growing** like lumps on a log. In Venezuela, citizens are **overcoming inflation with NFTs**. Pepe the Frog’s creator is being **sued over a $500,000 NFT** featuring an amphibious *derrière*. And Deefy is showing up just in time to allow platform users the ability to **rent and loan NFTs**. *No wonder NFTs are blowing through the roof. People are doing wild and wacky things over artistic non-fungibles.* *Kiss me and call me crazy.* **(Keep reading to see what the Bored Apes Yacht Club creator, Yuga Labs, is up to.)** https://nftclub.com/the-history-of-nfts/#home https://inews.co.uk/inews-lifestyle/money/nft-fraud-is-growing-in-the-uk-with-scammers-taking-advantage-of-consumers-with-little-investment-experience-1528395 https://america.cgtn.com/2022/03/20/nfts-help-venezuelan-artists-overcome-soaring-inflation https://www.thegamer.com/pepe-creator-matt-furie-nft-auction-lawsuit/ https://yourstory.com/the-decrypting-story/blockchain-startup-deefy-loan-rent-valuable-nfts-bnpl/amp

The world now has **17 known crypto billionaires**. Among them are Binance CEO Changpeng Zhao (CZ), FTX Founder and CEO Sam Bankman-Fried, and Coinbase CEO Brian Armstrong. *All three of these are leaders of crypto exchanges. I predict that someday the richest man in the world will be a crypto entrepreneur. I find it strange that CZ isn’t on* ***Forbes’ real-time billionaires list*** *while Bankman-Fried is. The FTX leader is ranked 64, listed with $24 billion at 8 a.m. EST this morning. He’s still got a long way to go to surpass Elon Musk, the world’s richest individual, at $245.1 billion. But it could happen sooner than we think.* https://www.timesnownews.com/cryptonow/crypto-billionaires-on-the-rise-binance-ftx-coinbase-ceo-are-top-3-article-90348825 https://www.forbes.com/real-time-billionaires/#10ac56de3d78 The latest exploit causes Li Finance to **lose $600,000**. Meanwhile, **crypto scams are skyrocketing**. https://cointelegraph.com/news/li-finance-protocol-loses-600-000-in-latest-defi-exploit https://spectrumlocalnews.com/nc/triad/news/2022/03/20/cryptocurrency-scams Total value locked in decentralized finance is **above $200 billion** again. https://news.bitcoin.com/value-locked-in-defi-climbs-back-above-200-billion-eth-dominates-defi-tvl-by-54/ If Dogecoin were a hair band, **which one would it be**? *My vote: Twisted Sister because it’s all glam, no substance.* https://www.benzinga.com/markets/cryptocurrency/22/03/26212785/if-dogecoin-was-a-rock-band-would-it-be-the-beatles-twisted-sister-or-iron-maiden How to avoid **crypto development hell**. https://cointelegraph.com/news/inside-the-blockchain-developers-mind-how-to-avoid-development-hell

A parliament member in the Caribbean nation St. Maarten, which shares island space with French-controlled St. Martin, is poised to accept his **entire salary in Bitcoin Cash**. https://www.thecoinrepublic.com/2022/03/20/entire-salary-paid-via-bitcoin-cash-highlights-member-of-st-maartens-parliament/ Most people, when they describe the history of the metaverse, start with Neal Stephenson’s novel “Snow Crash.” Not Bernard Marr. **He goes back to 1838**. Yuga Labs, creator of the Bored Apes Yacht Club, is launching a **metaverse called Otherside**. Expect the launch in April. Metametaverse, a company devoted to metaverse interoperability, has secured **$2 million in capital funding**. *Whoop-tee-freaking-do!* Meet the **top metaverse influencers** to follow on social media. https://www.forbes.com/sites/bernardmarr/2022/03/21/a-short-history-of-the-metaverse/ https://forkast.news/headlines/bored-apes-creator-metaverse-otherside/ https://theparadise.ng/metametaverse-secures-2-million-aims-to-achieve-metaverse-interoperability/ https://www.lifestyleasia.com/ind/gear/tech/influencers-in-the-metaverse/ **Decentralizing science** through DAOs (**a fabulous read!**). The Juno DAO, however, voted to revoke more than **$3 million worth of tokens** of a single whale. *Wow! How’s that for some sugar?* https://www.freethink.com/science/decentralized-science https://cryptonewsbtc.org/2022/03/20/how-the-juno-network-dao-voted-to-revoke-a-whales-tokens/

As usual, *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/ukraine-legalizes-bitcoin?s=w **Image credits:** NFTs, NFTClub.com; Koinos Blockchain Framework, Koinos via Cointelegraph; decentralized science, Freethink.com