@cryptocracyOnNoiseApp
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This past month I added a couple of new platforms to my routine and dropped some. The Terra Luna crash caused me to drop Loop, but Loop is in the process of jumping chain to Juno. When that happens, I expect an airdrop of the new token and I’ll decide at that time on whether I’ll pick up where I left off. Other sites I dropped this month include Minds and MG Social. I replaced them with Actifit and gFam.…
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In June, bitcoin had its worst month ever. Here are five reasons why. Some experts are saying the crypto winter will get worse. Is bitcoin a hedge against or the cause of inflation? Deutsche Bank analyst says it will recover to $28,000 by December. One thing we can be sure of, bitcoin will go up or down. Whichever way it goes first, it will move in the opposite direction later. It could be at $28,000 by December, or it could be at $8,000. Take what you read with a grain of…
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There seems to be some confusion in certain circles about the meaning of fungibility with regard to blockchain technology. I will try to clear that up. Fungibility does not mean that one can exchange a crypto unit from one blockchain with another. One bitcoin does not equal one litecoin. That doesn’t mean that one can’t be traded for another, but the trade is simply that—a trade. Blockchain technology is a wonderful thing, but it has its limitations. As long as we all agree…
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Will bitcoin or ether recover first? I have to wonder if it matters. Of the 20,000 cryptocurrencies riding the tidal wave, bitcoin and ether have the best chances at surviving. Historically, bitcoin has been the leader coming out of bear markets. If Ethereum’s Merge goes well, it could be different this time. We’re diving deep; make sure there’s oxygen in your tank. Panic has set in. Crypto winter is getting colder. The sky is falling. Doom and gloom are in the air. Is there…
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Bitcoin jumped to $21.8K, but was it a fakeout? Analyst says chart confirms bitcoin’s bottom. On the other hand, derivatives data disagrees. Is earning a passive income with bitcoin dying? I wouldn’t expect this to be the bottom, and I don’t need a chart to tell me that. On the other hand, I don’t need a chart to tell me bitcoin will rise again. ETH 2.0 stakers face a much larger loss than ETH spot investors, according to one report. In fact, most of them are underwater. On…
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Rockefeller International chairman says bitcoin will stage a comeback. He also said some of the bad crypto apples need to be weeded out. Why bitcoin failed to be a hedge against inflation. This is no time to be depressed about markets, prices, and crypto scams and schemes. I’m optimistic long-term. Binance volume went through the roof with zero trading fees. CEO Changpeng “CZ” Zhao is concerned it could lead to wash trading. The crypto exchange is added to the registry in…
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Bitcoin sees best weekly gains in three months, but is its fundamental value in line with market price? The amount of bitcoin held on exchanges continues to decline. Billy Bambrough says bitcoin is poised for a ‘black swan shock’. Check out this history of bitcoin crashes and bear markets. Some people might say bear markets No. 4 and 5 are a part of the same bear market. Everyone is going to have to decide for themselves whether bitcoin’s fundamental value is too low or too…
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I met Adam Waring on a website called Narrative, which I briefly discuss in one section of my book Cryptosocial: How Cryptocurrencies Are Changing Social Media. Adam was one of the brave souls who test drove Narrative during its beta launch and cataclysmic plunge into oblivion. After Narrative's self-conscious dive bomb, Adam and I went our separate ways. I wrote a book and he went to work on gFam, a cryptosocial platform that provides XRP tipping for creators and a way to…
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Bitcoin production cost has dropped to $13,000. Meanwhile, mining rig prices have hit 2-year lows, and Barron’s says that could lead to BTC price falling to $13K. Shadow Fork 9 goes live on Ethereum. The blockchain is still on track for mid-September Merge. Prominent DeFi researchers says the Merge will not reduce ETH gas fees. It would not surprise me if this researcher is correct. Celsius is putting an end to its misery by filing for bankruptcy. With rumors of its…
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Bitcoin has entered the longest “extreme fear” period in its history. Blockchain CEO says bitcoin mining will continue to flourish in the U.S. Limiting crypto mining helped the Texas power grid. Ethereum developers put a date on the Merge: September 19. The price jumps 13 percent as whales shore up positions. How the Merge will reduce Ethereum’s carbon footprint. There have been a lot of promises made regarding the Merge’s impact on Ethereum, its gas prices, the environment,…
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The saga of bitcoin, gold, and the euro. How to track a bitcoin whale. I know: Grab your harpoon, change your name to Ahab, and call him “Moby Dick.” Rumors of Coinbase insolvency are growing. It was bound to happen. Shutting down its U.S. affiliate program didn’t help. Coinbase gets regulatory approval in Italy. While Coinbase seems to be experiencing trouble in the U.S., it’s expanding globally. Binance CEO Changpeng Zhao called his company a pure Web3 company and has no…
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If you’d like to see payouts like the one below on Hive, join me tomorrow at 12 noon CDT for a microclass on Clubhouse. I’ll be giving an introduction to Hive.blog and why I think it should be on your regular posting schedule. How to join: Download Clubhouse. Follow Ryan Gerardi. Click on his profile and look for a room titled “Free Microclass” related to cryptosocial media. Today’s Crypto Goings On … The crypto market cap reclaims $1 trillion. Nothing about this says it…
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For about three months now, I’ve been working with Ryan Gerardi at Autoconversion on a new initiative called Blockchain Crypto Pros. This is a unique opportunity for people from all walks of life to gather and learn about cryptocurrencies and how they are transforming our society. Specifically, internet culture. As a part of that initiative we meet monthly in Clubhouse for a free microclass. Our next class is scheduled at 12 noon CDT on Thursday, July 21, 2022. The topic of…
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Tesla sold 75 percent of its bitcoin holdings. CEO Elon Musk says the company may buy more bitcoin in the future. Musk said his company is shoring up cash, which is typical for large companies in an economic downturn. A former U.S. Coinbase employee has been charged with insider crypto trading. Meanwhile, Coinbase has filed a petition with the Securities and Exchange Commission (SEC) encouraging clearer regulation. Binance.US is launching an affiliate program. This is in…
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Bitcoin mining difficulty drops to 5 percent, but has the bitcoin mining winter arrived? China’s financial crisis and the strengthening U.S. dollar could have stark implications for bitcoin. Ethereum held on exchanges hits a 4-year low and Ethereum 2.0 sees record staking. This time, developers say The Merge is actually happening right on time. Coinbase and Flexa dispute the SEC’s insistence that these 9 cryptocurrencies are securities. It’s easy to see why they’d dispute…
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Researchers say The Merge is Ethereum’s chance to flip bitcoin, but will it then be classified as a security? Will Ethereum be deflationary when The Merge is complete? Is Ethereum a better long-term buy than bitcoin? Is the crypto market now poised for an $8.9 trillion earthquake? Questions that crypto pontificators are asking leading up to The Merge. $6 million stolen in Audius hack. The next British prime minister could be a crypto supporter. Rishi Sunak is a member of…
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Since the day I entered the crypto space in 2018, I’ve heard the warnings about the threats that Web2 platforms like Facebook and Twitter pose to personal security and content freedom. I’ve witnessed vicariously through the headlines the devastation that such events as Cambridge Analytica can have on people’s lives. And I saw how Twitter canceled a sitting president simply for exercising his First Amendment right to free speech—even though he said things that ought not to…
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Bitcoin sees biggest single-day gain in six weeks. But could that be a fakeout? Ethereum is the most-trending cryptocurrency. The Merge has everyone talking, and anticipating. The blockchain only has one testnet to go before completing its Merge. Its Mainnet Shadow Fork 10 recently went live. https://read.cash/@cryptocracy/the-fed-funds-rate-hike-and-solanas-cryptopanties-259efa0d
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Does bitcoin care about recession? A better question is, should you? A new survey says Ethereum could be headed for a fork after the Merge. This is entirely plausible. Big moves tend to give rise to deep passions. On a network as large of Ethereum, it’s impossible not to have tension among the forces at play on the network. Ethereum has forked before, which is why we have Ethereum Classic (ETC). And just as Bitcoin has forked multiple times in its history, it’s inevitable…