Google has co-opted the word “Non-fungible” to use as an environmental statement with its trademark application for “++non-fungible planet++.” Can you ++smell the irony++?
Earlier this week, Terra blockchain announced it had purchased ++$125 billion in bitcoin++. Subsequently, BTC’s value rose to ++over $44,000++. If we learned anything from Elon Musk’s ++pumping of Dogecoin++, it should be this: If it’s popular and a celebrity (whether a person on two legs or an entity with a rep) takes an interest, the crypto asset’s value will likely rise. Bitcoin is the king of cryptocurrencies. If another blockchain the size of Terra (++#9 in market cap rankings++) buys it, the price will go up. Even if the news is nothing but a rumor. Basic economics.
Material Girl Madonna has ++acquired a Bored Ape++ for more than half a million dollas. Like a metaverse virgin, she wants to know what to name her new NFT. Meanwhile, the Ukraine supports its military by ++selling NFTs++. And two Frosties masterminds have been arrested over a ++$1.1 million NFT rug pull++. Papa don’t preach! Music makes the people come together.
Meta is threatening to ++shut down Facebook and Instagram in Europe++, but political leaders say life would be better without it. Personally, if they did shut down two of the largest social media platforms in the world, that would be a good thing for cryptosocial media and decentralized social platforms. We’d likely see massive growth in alternatives.
Mark Zuckerberg ++discusses his vision++ for the metaverse, but ++is it safe++? Grimes, the Canadian musical sensation (is there such ++a thing++?) is introducing a ++children’s metaverse book++.
Thinking about buying bitcoin at an ATM? Here’s ++what you need to know++.
Interest in crypto is going ++through the roof++. Americans under age 50 ++are bullish++ on cryptocurrencies, long-term. Still, most people who have heard of cryptocurrency see it as ++high-risk++.
Is the ++decentralized web++ here to stay?
As regular readers of Cryptocracy know, I’m big on the growing ecosystem of cryptosocial media. That’s why I don’t mind recommending the best platforms that pay users in crypto for posting to them. Hackernoon recently published my article ++6 Social Platforms To Help You Connect With Other Crypto Degens++ (then they asked me a few questions and ++I had the gall bladder to answer them++.) But I got to thinking … are there ++moral considerations regarding cryptosocial++? And what if Facebook ++paid its users in crypto++? How many Facebook millionaires would there be?
Ampleforth is building a ++decentralized stablecoin++.
How to tell if your token is a security using the ++Howey test++.
One crypto hacker has decided he’d like to ++donate his worthless millions to charity++. Geez, talking about generosity.
The Foundation for Interwallet Operability (I didn’t know there was such a thing) has completed its ++integration with Opera’s Android browser++. Where are the donuts?
++Thailand has banned++ digital currency payments.
Snark and commentary in italics. What did you expect?
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.
**Image credit: **Getty Images via Bloomberg Wealth