Mode bitcoin

Meet the DAO That Lost a Bid for the U.S. Constitution

By Allen Taylor | Cryptocracy | 20 Nov 2021


Hot news: Brave browser has launched an in-browser crypto wallet and one of its features is NFT storage.

Perhaps the most interesting news this week involves a DAO—decentralized autonomous organization. A DAO called ConstitutionDAO raised $46 million to buy a copy of the U.S. Constitution from auction house Sotheby’s. Unfortunately, the 17,000-member DAO lost to an anonymous bidder, but they did make history as did the bidder. Bill Gates held the record for auctions for his 1994 bid for Leonard da Vinci’s Codex Leicester at Christie’s. He paid $30.8 billion. Fortune asks one of the most pertinent questions of our day: Can a DAO replace a traditional corporate board? My vote is “yes.”

Bitcoin fell 20 percent in one week. Bear market or a slight correction? Is next week going to be its worst week in months? Some see it as an opportunity to buy. Others see it as the bottom. Whether it is or isn’t, there’s one thing for sure. A company called Mode went up and then down based solely on a mistake involving the lead cryptocurrency. Kisses are sweet, but they can be wet and sloppy.

Mode bitcoin

JPMorgan predicts that XRP will skyrocket to the moon if Ripple wins its lawsuit against the SEC. But some are asking if a settlement is in the works.

Chris Neiger says why Ethereum is the next Bitcoin. If, somehow, you’ve missed out on the Ethereum opportunity—and just for the record, you haven’t—one fool tells you what to invest in next. Meanwhile, Binance has integrated Arbitrum One, Ethereum’s scaling solution.

Robinhood’s legal chief says Coinbase’s proposal to create a digital assets regulatory agency is stupid. And we all trust Robinhood, don’t we?

How Binance became the world’s biggest crypto exchange, processing $78 billion a day.

Cardano briefly flipped Ethereum in transaction volume on Friday. But is ADA in a “make or break” pattern?

Have you ever wondered, What if the bitcoin super cycle is real? John Wegehaupt hasThis is an awesome read!

Are Taproot smart contracts more private than others?

Only 10 percent of banks support crypto. Surprise!

Cryptographers aren’t happy with the way we’re using the word “crypto.”

Former Secretary of State Hillary Clinton, a hero to some and the devil to others, says cryptocurrencies could devastate national economies and undermine the U.S. dollar. Of course, it could also make some people filthy rich. Maybe that’s what she’s afraid of.

The world’s first egalitarian blockchain marketplace has launched on the NexGen blockchain. Maybe that will make Hillary happy.

The top 3 metaverse cryptocurrencies. If you’re confused about what the metaverse is, this is how it relates to cryptocurrencies.

The IRS has seized $3.5 billion in cryptocurrency this year. And the U.S. is listing $56 million in cryptocurrency for sale, seized from BitConnect.

U.S. lawmakers introduce bipartisan bill on crypto tax reporting. The bill defines what a broker is.

Around the World with Crypto

The World Economic Forum has launched a resource for digital currencies. In case you missed it, here it is again.

Kraken to delist Monero in the UK.

India is getting progressive with crypto regulation.

U.S. deputy treasury secretary says central bank digital currencies won’t impact U.S. sanctions. We can all sleep at night now.

China’s Xiongan New District warns citizens of digital yuan fraud.

The Reserve Bank of Australia warns against crypto frenzy. Ya’ll don’t get too crazy now.

Kyrgyzstan is shutting down a cryptocurrency farm with 2,500 mining rigs. That’ll teach ‘em not to feed the pigs.

As usual, nothing in this newsletter is financial advice. Please seek a financial advisor before you throw your life savings away. First published at Cryptocracy.

Resources

  1. https://www.inputmag.com/tech/brave-launches-free-in-browser-crypto-wallet-with-mobile-support-to-come
  2. https://news.artnet.com/market/sothebys-constitution-cryptocurrency-sale-2037156
  3. https://fortune.com/2021/11/19/dao-decentralized-autonomous-organization-consitutiondao/
  4. https://nypost.com/2021/11/19/bitcoin-nears-bear-market-territory-slides-almost-20-percent/
  5. https://www.livemint.com/market/cryptocurrency/cryptocurrency-bitcoin-prices-fall-to-1-month-low-heads-for-worst-week-in-months-11637298178196.html
  6. https://cointelegraph.com/news/bitcoin-clings-to-56k-as-whales-keep-buying-watch-these-btc-price-levels
  7. https://cointelegraph.com/news/3-reasons-why-bitcoin-s-drop-to-56-5k-may-have-been-the-local-bottom
  8. https://www.washingtonpost.com/business/a-fintech-flub-exposes-risk-of-cryptocurrency-hype/2021/11/19/6d21df86-4965-11ec-beca-3cc7103bd814_story.html
  9. https://financefeeds.com/jp-morgan-if-ripple-wins-sec-lawsuit-xrp-is-poised-for-significant-adoption/
  10. https://financefeeds.com/sec-v-ripple-why-has-xrp-lawsuit-gone-silent/
  11. https://www.usatoday.com/story/money/investing/2021/11/19/cryptocurrency-why-ethereum-is-next-bitcoin/49385821/
  12. https://www.fool.com/investing/2021/11/19/missed-out-on-ethereum-heres-what-to-buy-now/
  13. https://www.coindesk.com/tech/2021/11/19/binance-fully-integrates-ethereum-scaler-arbitrum-one/
  14. https://www.benzinga.com/markets/cryptocurrency/21/11/24192423/robinhoods-head-of-legal-calls-coinbases-crypto-policy-proposal-one-of-the-stupidest-ideas
  15. https://www.wsj.com/articles/binance-became-the-biggest-cryptocurrency-exchange-without-licenses-or-headquarters-thats-coming-to-an-end-11636640029
  16. https://www.fxstreet.com/cryptocurrencies/news/cardano-flips-ethereum-in-transaction-volume-as-ada-price-recovers-swiftly-202111191524
  17. https://www.thecoinrepublic.com/2021/11/19/analysts-believe-that-cardano-might-be-in-a-make-or-break-situation-in-the-coming-days/
  18. https://johnwege.substack.com/p/what-if-the-bitcoin-super-cycle-is
  19. https://bitcoinist.com/why-are-taproot-smart-contracts-more-private-a-non-technical-explanation/
  20. https://www.pymnts.com/cryptocurrency/2021/only-10-pct-of-banks-support-crypto-for-cross-border-deals/
  21. https://www.theguardian.com/technology/2021/nov/18/crypto-cryptocurrency-cryptographers
  22. https://thecryptobasic.com/2021/11/19/hillary-clinton-says-crypto-could-devastate-many-country-economies-and-undermine-dollar-as-worlds-reserve-currency/
  23. https://finance.yahoo.com/news/worlds-first-egalitarian-marketplace-launches-133100347.html
  24. https://www.fool.com/investing/2021/11/19/3-top-metaverse-cryptocurrencies-that-are-skyrocke/
  25. https://www.yahoo.com/now/understanding-metaverse-relates-cryptocurrency-192229918.html
  26. https://www.nbcnews.com/tech/security/irs-seized-35-billion-cryptocurrency-year-agency-says-rcna6157
  27. https://www.wsj.com/articles/u-s-to-sell-56-million-in-cryptocurrency-seized-in-bitconnect-fraud-scheme-11637108121
  28. https://www.cnbc.com/2021/11/18/new-bipartisan-bill-to-addresses-crypto-tax-reporting-requirement.html
  29. https://forkast.news/headlines/world-economic-forum-digital-currency-resource/
  30. https://moderndiplomacy.eu/2021/11/19/first-of-a-kind-global-resource-for-central-bank-digital-currency-stablecoin-launched/
  31. https://cointelegraph.com/news/kraken-to-delist-monero-for-uk-customers-by-the-end-of-november
  32. https://coingeek.com/india-plans-progressive-steps-towards-digital-currency-regulation/
  33. https://cointelegraph.com/news/digital-currencies-won-t-impact-us-sanctions-treasury-exec-says
  34. https://www.coindesk.com/policy/2021/11/19/chinese-local-government-warns-of-digital-yuan-fraud/
  35. https://www.thecoinrepublic.com/2021/11/19/reserve-bank-of-australia-warns-against-vogue-frenzy-on-crypto/
  36. https://news.bitcoin.com/kyrgyzstan-shuts-down-cryptocurrency-farm-with-2500-mining-rigs/

How do you rate this article?


45

1

Allen Taylor
Allen Taylor

Writer, editor, publisher. Content strategist for fintech, blockchain, and crypto firms.


Cryptocracy
Cryptocracy

Hot news and analysis from the world of cryptocurrencies. No hype, just the facts plus a little snark. Delivered from an award-winning journalist, former newspaper editor, and world-class content strategist.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.