Ethereum’s gas fees were up 13 percent in March as new ERC-20 token generation surged 125 percent above February’s. Galaxy Digital Trading says ETH could flip BTC within three years. Now let’s all hold our breath.
Tesla, Block, and Blockstream are teaming up to mine bitcoin with solar power in Texas. When it comes to disrupting businesses, bitcoin is in the business of disruption. In fact, it could totally upend these 4 businesses. On Monday, the first day of the global Bitcoin 2022 conference in Miami, Miami Mayor Francis Suarez said his city has big balls. Unfortunately, the bull they unveiled to represent bitcoin doesn’t.
Speaking of Block, Jack Dorsey’s company is making a hardware wallet that looks like a rock. I wonder if it swims like a rock.
Things are really getting out of hand in the metaverse. Real estate developers are forecasting new types of rooms in the homes of the future—such as an indoor sports center. Still, the metaverse is a long way from perfect. In fact, it’s a long way from anything other than a pipe dream. Once it does mean something to someone other than Mark Zuckerberg, it could benefit high-level professionals. One Miami brokerage is looking at selling an office building. Just so you know it’s not all for adults, Lego and Epic Games are teaming up to join the metaverse too. It makes me wonder how long we’ll have to wait to get into this fictionalized world.
USDC hits $1 billion on Avalanche.
Mark Zuckerberg still hasn’t given up on cryptocurrency. After failing at Libra and ditching Diem, he’s planning a comeback with Zuck Bucks. I’ve got a feeling this isn’t going to be another The Mighty Ducks love story.
Peter Thiel calls Warren Buffet a “sociopathic grandpa.” Why? Cause he don’t like bitcoin. Tether Co-founder William Quigley responds. Does he agree or disagree?
A new company called Outside wants to be the anti-metaverse.
Nexo has launched a digital assets brokerage for large investors.
President Joe Biden has a plan to modernize digital asset laws. He expects the plan to reduce the national deficit by $10.95 billion by 2032. Meanwhile, Senator Elizabeth Warren’s still chirping about some of apocalypse if digital currencies are accepted as legal tender. One prominent industry insider says she’s living in la-la land.
Snark in italics.
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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