Crypto gets a pink ribbon for 2022. Binance CEO CZ says centralization is necessary for crypto to integrate with traditional finance, and look what bitcoin did! https://cryptocracy.substack.com/p/happy-crypto-new-year
@cryptocracyOnNoiseApp in January 2022
My book Cryptosocial: How Cryptocurrencies Are Changing Social Media will hit the bookstores in early March. I'm raising up a book launch team of 100 people. To join and get an advance review copy, join my list and get a free download of 80+ websites that will pay you in crypto to post to them. https://dl.bookfunnel.com/robt15uyrq
When primitive man wanted to travel from Argos to the banks of the Yellow River, he invented a circular object and called it a wheel. In those days, traveling farther and faster meant more cash in the war treasure and greater leverage for trade. The invention proved to be a huge advancement for civilization. Throughout history, enterprising individuals have identified problems and addressed them with creative solutions. This has often led to future innovations and…
Last June, CoinDesk filed a Freedom of Information request with Tether pertaining to documents related to Tether’s breakdown of reserve assets. Tether took the request to court and has asked it to deny CoinDesk’s request. Now, CoinDesk is entering the lawsuit to appeal to the court on its own behalf. Tether then turned to an authority higher than the court to make its own appeal against CoinDesk—the Twittersphere. It does make sense. If you ask your wife to show you what’s…
Technology is a double-edged sword, often solving one problem while creating another. When that happens, someone comes along later and solves the new problem. That process may take years. The cell phone, for instance, didn’t see the light of day until almost a century after Alexander Graham Bell’s immortal words, “Mr. Watson, come here. I want to see you.” As with any new technology, the problems blockchain technology promises to solve are related to its features. In that…
Unstoppable Domains has launched Login with Unstoppable. This appears, to me, to be a much better option than OAuth. Buy a domain name that you own for $100 or less and never pay renewal fees. Then use that domain name to login to any site connected to the ecosystem in a secure and pain-free way. This is a big step forward for identity management. The Problem With Data Ownership Facebook’s Cambridge Analytica scandal put data security on everyone’s radar. Many people who’ve…
The Total Value Locked in Ethereum 2.0 hit $30 billion this week. Could 2022 be the consummation of the proof-of-stake migration for ETH? Tether has frozen three accounts on the Ethereum blockchain that hold more than $160 million in USDT. For at least a couple of years now, Tether has been the center of controversy. One journalist calls it a “trail of shady deals and shattered promises.” Another has put together a complete timeline of events surrounding the Tether…
Binance CEO CZ has become the 12th richest billionaire on the planet. Bloomberg has him listed in the “Finance” category, four spaces behind Warren Buffett, who is listed as “Diversified.” Arkansas is offering $10,000 in bitcoin for tech workers and entrepreneurs who move to the state. 35,000 people have applied so far. Meanwhile, JPMorgan clients expect bitcoin to hit $60,000 by the end of this year. Get the lnks and a lot more crypto news at…
Make room! Walmart wants into the metaverse. Gamers are angry at NFTs. Web3 looks like a scam. And a whole lot more from the crypto galley. Read it all at Cryptocracy. https://cryptocracy.substack.com/p/walmart-wants-into-the-metaverse
As you probably know, Wikipedia is the de facto encyclopedia of the Internet. It’s so well-respected, they’ll let anyone write or edit its content. Even your Uncle Jack who dropped out of seventh grade because he flunked gym. Well, guess what? The Wikipedia editors got together and voted. Now, ++NFTs aren’t art++—according to the world’s most democratic encyclopedia. Isn’t knowledge wonderful? Jared Kushner, Donald Trump’s son-in-law and an influential member of his…
You probably know this already, but crypto tumbled again over night. In the last 24 hours, bitcoin has slid 7 percent and now trades at less than $40,000. Ether fell 8 percent, to below $3,000. What do you think? Will it fall some more? Did you know Tom Brady has an NFT platform? He does, and it’s called Autograph. Like Brady, Autograph is a superstar. It recently raised $170 million to scale operations. What did Brady do to scale operations? He changed teams. He became a…
Crypto exchange Binance has been operating in secrecy, preventing government regulators from knowing what they need to know to effectively regulate exchanges like Binance. One can understand why. If they declared a headquarters in any country, they’d essentially be giving that country legal authority to regulate their industry. As a result, Binance’s money-laundering practices are weak. So says the authorities that can’t regulate them. USDC flips Tether on Ethereum. What…
If you’re like me, you’ve been looking forward to the rollout of ETH 2.0. Well, it looks like we’ll be waiting forever because there will be no ETH 2.0. Instead, the Foundation has decided to refer to the new Ethereum as a “network upgrade.” In essence, going forward, Ethereum will consist of an execution layer, where the smart contracts and network rules reside, and the consensus layer, which acts as the judge. One unlikely bitcoin miner from the Solo CK mining pool mined a…
Fidelity has filed an application with the SEC for a metaverse-related exchange-traded fund. The fund will focus on companies that develop, manufacture, distribute, and sell products and services supporting the metaverse—whatever that actually ends up being. See who else is helping to create the metaverse: https://cryptocracy.substack.com/p/whos-creating-the-metaverse