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@cryptocracyOnNoiseApp in May 2022

@cryptocracyOnNoiseApp

Allen Taylor is an author, editor, and publisher. His most recent release is I Am Not the King, a personal testimony of his faith in Jesus Christ. Today, Allen shares with us the pentecostal church he was raised in, how study helped him escape legalism, and how he became a writer. Allen shares that grace is the key that helped him overcome sin. Allen’s story reminds us that the Lord is always working even when we struggle. Listen to Allen’s story today!…

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Is bitcoin in a bull or a bear market? Is it time to panic? It’s been over $40,000 a few times in the last few weeks, but has spent a lot of time under, even dipping below $38K. Yet, it has bounced back over $38,000 where it rides now. There are three reasons why bitcoin is moving between the short range it’s been walking around in. May is typically a good month for bitcoin, but some analysts are predicting a different kind of month. In fact, it’s so different that bitcoin’s…

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Hey you sexy devils! It’s time for another monthly cryptosocial earnings report. The good news is I have a better handle on my staking rewards after doing some digging into how certain platforms and protocols pay out, plus I had to figure out how to track earnings because some platforms/protocols give you a running total of rewards, which isn’t helpful if you’re trying to track them on a monthly basis. So now for the bad news: My earnings went down this month. Staking and…

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Bitcoin dropped by its largest margin yesterday since January. The price fell a whopping 8 percent in one day. No worries, just a flesh wound. Meanwhile, a senator from Alabama wants you to be able to use bitcoin as your 401(k). Elon Musk, who sparked controversy earlier this year by wooing Twitter in a strange and beautiful way, has raised $7 billion from partners who plan to hold the entrepreneur’s hand as he walks down the aisle with his new bride. Binance committed $500…

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Everyone’s talking about bitcoin dipping below $30,000 this week. Its price has fallen 54 percent from its all-time high. The truth is, the entire market is coming down. Terra slid like a drunk sailor off a slippery dock—80 percent in 48 hours. Does the crash mean bitcoin has failed to become the one blockchain that rules them all? This is normal, folks. There is inherent volatility in cryptocurrencies. We’ve seen this before. And, frankly, I’m surprised bitcoin hasn’t…

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Like a lot of people, I was shocked by TerraUSD’s (UST’s) de-pegging this week. What happened? Just to be clear, I wasn’t surprised by the market crash. The entire market is down right now, though bitcoin is back over $30,000. That’s just business as usual. What precipitated the crash is the Fed raising the interest rates more than it’s done in two decades. The market responded. In other words, institutional investors pulled their money out of crypto and slid them into safer…

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Bitcoin is back over $30,000. One analyst says don’t expect a V-shaped recovery. A prominent backer of TerraUSD says criticism of crypto should be refuted, not dismissed, and added that Terra should have moved more slowly because it would have been safer. He called the UST crash Terra’s DAO moment. In other words, the blockchain had a bad hair day? The LUNA failure is also being compared to the Lehman Brothers collapse in 2008 as founder Do Kwon’s wife seeks emergency…

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A long, drawn out crypto bear market is on the way, say experts watching the space. For the first 10 years, cryptocurrencies were all tied to bitcoin. As the granddaddy of crypto went, so went the altcoins. Since institutional money entered the space, just in the last couple of years, the entire crypto market is correlated with the stock market. As Nasdaq goes, so goes bitcoin and so goes the altcoin tribes. If the economy does spiral into a recession as some analysts…

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This Thursday! Join Ryan Gerardi and me on Clubhouse. I’ll be giving an introduction to how to get started in cryptosocial media, a FREE microclass. As with any other content producer, I’d like to be my best. I’m hoping you can help me. Please take a few minutes out of your day to answer some survey questions. Let me know how I’m doing and your thoughts on where I’m going. I’m only asking for 5 minutes of your time.…

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Ethereum’s dominance has slid from 84 percent to 55 percent. But she’s still sexy. Terra Co-Founder Do Kwon put his blockchain revival proposal to vote. It seems the community may be against it, but large LUNA holders are for it. Some of the comments are ridiculous. Unfortunately for Kwon, his legal team quit. When your legal team quits, that’s a good sign that you’re on sinking sand. New York is getting aggressive with its requirements for digital currency companies. The…

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Meta, the company formerly known as Facebook, has filed for 5 Meta Pay trademarks. This means Mark Zuckerberg hasn’t given up on his cryptocurrency plan. It just keeps changing clothes. Ethereum Co-Founder Vitalik Buterin says he’s no longer a billionaire. Meanwhile, interest in Ethereum Name Service is reaching critical mass. Buterin may not be a billionaire today, but that is subject to change. As soon as the market goes back up, his ETH holdings will be valued more. He’ll…

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One researcher says bitcoin is facing more downside. It could fall to $15.5K, says Rekt Capital analyst. Another expert says it could go to $8,000. Yet, after eight weeks of losses, sentiment indicator says there is an upside. If you’re looking for reasons for bitcoin’s decline this year, here are five solids to chew on. Today, BTC is below $30K again. Bitcoin could fall lower. It could go higher. It will likely do both. One, then the other. How do you respond to such…

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Fear, uncertainty, and doubt (FUD) are not always caused by disparate voices shouting into the wind. Sometimes they’re caused by real world events, like when one of the world’s biggest crypt projects takes a face dive into the Grand Canyon. When that happens, smart people re-evaluate their relationships to natural wonders and snake oil salesmen. Screw the wild party, it’s survival time! The Luna/UST crash was like getting hit in the face with a bucket of ice. I’ve never been…

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Coinbase executives, including CEO Brian Armstrong, sold off shares of the company and put $1.2 billion in their pockets. Could this be why shares are in decline, or do they see the writing on the wall? What signal does it send if the top echelon of a company doesn’t have faith in their own stock? Today is the expected launch of the new Terra 2.0 blockchain, with airdrops of the new Terra Luna (LUNA) to follow. Who’s planning to take the money and run? For months, we heard…

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Bitcoin set a new 9-week losing streak. Famed crypto investor Tim Draper says women will drive the next bitcoin bull market. I guess they’ll take the bull by the horns. Ethereum gas fees have dropped to near-record lows. Naturally, gas fees will respond to supply and demand. When demand falls, gas fees drop. When demand rises, gas fees go back up. Same as fuel for your vehicle. Terra LUNA reboot drops 70 percent within hours of launch. After launching at $.5 on Bybit, the…