SQUID cryptocurrency

The Great Bitcoin Salary Epidemic of 2021

By Allen Taylor | Cryptocracy | 6 Nov 2021


Guess what? Ethereum now has a market cap higher than Visa or JPMorgan. Meanwhile, the Luna market cap has hit $38 billion. Oh, and speaking of JPMorgan and Ethereum, the finance company says the blockchain is a better bet than Bitcoin as interest rates rise. Bakkt must think so too because they’ve added ether to their investor offerings.

Altcoins saw a surge this week, and I can’t find my surge protector. CRO hit an all-time high after listing on Coinbase. Bitcoin may still be dominant, but it’s not as dominant as it once was.

And just when you thought it was safe to eat SQUID again, investors had the rug pulled out from under them. There are now $3.3 million worth of sore losers.

A few days ago, Miami’s mayor announced he would accept his salary in bitcoin. Now there’s an epidemic of politicians jumping on this bandwagon. Tampa’s mayor will also take bitcoin for payment. New York’s mayor-elect says he’ll take his first three paychecks in bitcoin. Because there’s something magical about the number three? Well, some people are embarrassed by that news. And GovTech.com is asking if bitcoin is a viable option for paying government salaries. We are now officially inaugurated into the Brave New Internet.

From Coinbase: Users can borrow up to $1 million using bitcoin as collateral. The exchange also plays around with new subscription service, removing transaction fees. And the company throws a bone to New York residents. Woof woof!

Ripple CEO wants Congress to provide clarity on crypto regulation. On the other side of the fence, regulators themselves are asking Congress to write the rules. There’s no doubt, crypto regulation is on the way. It’s not a matter of if, it’s a matter of when. In fact, the Department of Justice has created a special crypto task force to handle enforcement actions. The writing is on the wall. Oh, and NPR says the push to regulate crypto is causing friction in Congress. Nawwwww!

Pennsylvania Senator Pat Toomey vows to fix the broad definition of cryptocurrency attached to the infrastructure bill currently stuck in the legislative process.

One warehouse manager got rich on SHIB. Accidents happen.

SEC director says cryptocurrencies should not be an asset class.

3 common crypto investing myths.

Kroger has been the target of a nasty crypto hoax. Someone sent a fake press release claiming the company will begin accepting bitcoin cash in its stores. As if anyone would want to pay for baked beans and produce with BCH.

How to write and compile your first Solidity code.

What happens to your crypto after you die?

Faux cryptowallet Google ads earned scammers half a million buckaroos. In similar news, crypto ATM and QR code scams are on the rise. Too bad temperatures are falling.

BitTorrent Chain and TRON integrate Binance Smart Chain. Meanwhile, a former IRS special agent takes a job with Binance to lead in suspicious activity reporting.

Is crypto obsession a form of gambling addiction?

What to do if you’re thinking of leaving crypto to a loved one.

Siam Commercial Bank Pcl, one of Thailand’s largest banks, is buying a stake in Bitkub, the nation’s largest crypto exchange.

Can Argentina be a bitcoin farmer? Yes, thanks to Canada.

Look for my book Cryptosocial: How Cryptocurrencies Are Changing Social Media next march.

None of this should be considered financial advice. I'm not a financial advisor. Do your own due diligence and seek the advice of a professional financial advisor before investing in crypto. First published at Cryptocracy.

Image credit: Netflix via Gizmodo.

Resources

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Allen Taylor
Allen Taylor

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


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