metaverse torum

Ukraine Asked for Crypto Donations, Then Things Got Weird

By Allen Taylor | Cryptocracy | 4 Mar 2022

Coinbase and Binance will not ban all Russians from using their platforms. A Binance spokesperson said they will not “unilaterally freeze millions of innocent users’ accounts.” Coinbase CEO Brian Armstrong said ordinary Russian citizens use bitcoin as a “lifeline.” While Binance won’t block crypto addresses for all Russians, they are not accepting crypto bank cards from sanctioned Russian banks. The Washington Post says things got a little weird after Ukraine asked for crypto donations, but what are they going to do with all that crypto? The company is planning an airdrop for those who donated.

SoFi platform Torum was named a top 15 metaverse coin on BNB Chain. Did someone get carried away, or is it that 10 just wasn’t enough?

The blockchain-based game Upland has rolled out its Detroit district. Players can now own virtual pieces of real estate tied to Motown music, the automotive industry, and coney dogs. Yes, coney dogs! Did you know they were invented in Detroit? Detroit properties for sale include downtown banks with awe-inspiring views of Canada, Corktown, and the homes of music icons such as Marvin Gaye, Diana Ross, Smokey Robinson, Gladys Knight, and Stevie Wonder. Plus, be among the first to own property on Eight Mile Road, made famous by Eminem. Get your NFT property on Upland.

Is President Joe Biden coming after your crypto wallet?

Crypto mortgage lenders are entering the hottest housing market ever.

Doing shots with true believers at Ethereum’s biggest party (A must-read).

The SEC smells something fishy about the NFT market, but the NFT market has cooled since January.

Does anyone control cryptocurrencies?

People in Venezuela say they can no longer access Metamask. They’ve been blocked.

The Rise of Internet-Based Social Media: Six Degrees

While chatrooms and dating websites were popular ways to socialize on the early web, most internet history buffs would agree that Six Degrees was the first platform that can truly be called social networking. Launched in 1997, users were able to create a profile and befriend other users. The site also allowed non-registered internet users to confirm friendships without joining the site.

The fact that the sole purpose of Six Degrees was to facilitate non-romantic friendships with new acquaintances is what puts it in the social networking category.

Social networking distinguishes itself from online dating in important ways. The goal is not to find a lifelong mate or short-term sex partners, though both of those may occur as users get to know each other. The real purpose is to use the resources of the platform to find people of common interest and get to know them on a personal basis. Whether that leads to sex, marriage, a business arrangement, or another type of connection depends on the mutual interests of the parties involved.

Six Degrees breathed its final breath in 2000 in the wake of the dot-com bust. The web domain is still live, but it’s a virtual ghost town.

An excerpt from my forthcoming book Cryptosocial: How Cryptocurrencies Are Changing Social Media, to be published by Business Expert Press in March 2022. Want to read it? Join my launch team for more information.

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: Makeitreal95 on Peakd



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Allen Taylor
Allen Taylor

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


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