The EU May Ban Bitcoin, But It Will Be Close

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Freelance writer, author, editor, publisher at Cryptocracy.

2 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Topics: Cryptocurrency, Cryptocurrency news, NFT, Altcoins, Cryptocurrencies, ...

The European Union is considering a ban on bitcoin, but it could be too close to call. However, bitcoin’s hashrate has jumped 15 percent in 10 days. Mexican drug cartels are funding operations to the tune of $25 billion a year. It sounds like bitcoin has a future, but what is it, and can it protect capital against inflation? Is it more like Gold 2.0 or Reserve Asset 3.0?

Oh, and, bitcoin myths—crushed.

Ethereum’s top 5 NFT floor prices. Meanwhile, PYMENTS says Ethereum 2.0 won’t be faster but will be scalable. Wasn’t that the point? So, how much ETH is staked in the Ethereum 2.0 deposit contract? More than $26 billion. If you’re ready to play with NFTs, should you go with Ethereum, Solana, or Cardano? Which is best for minting?

Apple Co-Founder Steve Wozniak is a big fan of bitcoin, but he’s not such a big fan of NFTs.

Binance could soon be operating in Dubai.

Cardano NFT projects account for largest share of the network’s 517 projects.

What should we expect after the president’s crypto executive order?

Why the U.S. should not rush into the digital dollar. The IMF lists 100 countries exploring CBDCs. Here’s the timeline and statuses of 13 of them. Some experts fear the political use of the digital yuan. But isn’t the use of any government-backed currency a political action?

Can Russia avoid sanctions with cryptocurrencies? An excellent commentary from a social entrepreneur based on Stockholm. Despite those who say Russia can’t (or won’t) use crypto to avoid sanctions, bitcoin use has spiked in the country and it could be the elites using it. Are you concerned that Russia may be using your crypto wallet to evade sanctions? Try these tools to find out.

Crypto investing allowed this 23 year old to buy a Brisbane apartment worth $314,000.

Emerging markets and millennials have the most faith in crypto.

Top 5 NFT smart contract vulnerabilities.

How people make money on cryptocurrencies. Looking for more? Here’s the top 15 ways to make money with crypto.

In crypto, does caution favor the brave?

10 rising personalities redefining the future of cryptocurrencies.

Italics represent my snark.

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.

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