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!
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.
The Lightning Network is bringing bitcoin payments back. Still, 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.
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.
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?
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.
U.S. Congressmen reveal their crypto holdings. Globally, calls for crypto regulation are heating up as regulators express concern over Ponzi schemes.
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.
Buenos Aires plans to allow citizens to pay taxes in 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.
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?
How do you store bitcoin on Metamask?
Fidelity Investments will begin offering bitcoin as an option for 401(k)s.
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.
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.
The best crypto-friendly banks around the world.
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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