bitcoin summer

Will Bitcoin's Cruel Summer Be the End of Crypto?

By Allen Taylor | Cryptocracy | 5 Sep 2022


To my U.S. friends, Happy Labor Day! Now let’s begin …

How repurposing bitcoin mining heat can solve the global energy crisis (AWESOME CHARTS). Can your government track bitcoin? Does it matter when the summer’s been this cruelBitcoin may have had a cruel summer, but it is resilient enough to pick up again.

bitcoin summer

In anticipation of the Merge, Ethereum gains 70,000 new wallet addresses. Speaking of the Merge, it could change crypto’s rewards, costs, and reputation. Ethereum Co-founder Vitalik Buterin says crypto crashes are good. Which crypto exchanges support the Ethereum hard fork. Buterin predicts crypto will be in a very different place in 2042If anyone is looking for encouragement that the Merge, and not the promised PoW hard forks, is the future of Ethereum, I think 70,000 new addresses is pretty good evidence. Do not be worried.

Tether, not bitcoin, is the most traded cryptoStablecoins tend to be used more during bear markets.

Binance, Nigeria in discussions to create a blockchain-based digital economic zone.

Solana founder discusses blockchain outages and other issues.

Snapchat drops Web3 plans.

Crypto misconceptions that must be busted.

The national security implications of Web3. The 4 critical steps to better securityI’ve said it before and I’ll say it again, anything is hackable.

Epic Games CEO discusses cryptocurrency and the metaverse.

LG is introducing NFTs for smart TVs, powered by Hedera. Sometimes, developments come from unexpected places. Here’s another first: Yellowheart is introducing the first-ever NFT streaming music player.

How banks can ready themselves for the metaverse. The metaverse could bring us closer to a sustainable reality.

Is crypto investing a good way for eco-friendly businesses to diversify?

Rug Pull Finder falls prey to exploitIf the fraud detection experts fall victim to the curses they seek to expose, no one is safe. Be vigilant.

Swiss crypto bank Sygnum to open a bank in DecentralandBravo!

London’s Crypto Policy Symposium has drawing skeptics to set the record straight on crypto.

How to recover stolen cryptocurrencies, Russia-style.

Snark and commentary in italics. Today’s salad dressing special is House Light.

Cryptocracy is a decentralized newsletter published several 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. Do your own research.

 

Resources

  1. https://cointelegraph.com/news/repurposing-bitcoin-mining-heat-can-solve-global-energy-crisis-arcane
  2. https://cointelegraph.com/explained/can-the-government-track-bitcoin
  3. https://www.coindesk.com/business/2022/09/04/it-was-cruel-summer-for-the-bitcoin-market/
  4. https://bitcoinist.com/ethereum-network-attracts-over-70000-addresses/
  5. https://techcrunch.com/2022/09/04/how-the-upcoming-ethereum-merge-could-change-cryptos-rewards-costs-and-reputation/
  6. https://dailyhodl.com/2022/09/03/ethereum-creator-vitalik-buterin-says-crypto-price-crashes-like-terras-luna-are-good-for-crypto-heres-why/
  7. https://www.finder.com.au/exchanges-supporting-the-ethereum-fork
  8. https://dailyhodl.com/2022/09/04/vitalik-buterin-makes-bitcoin-prediction-for-year-2042-says-one-big-issue-awaits-btc/
  9. https://kalkinemedia.com/au/news/cryptocurrency/which-is-the-most-actively-traded-cryptocurrency
  10. https://watcher.guru/news/binance-and-nigeria-are-in-talks-to-create-a-digital-economy-powered-by-blockchain
  11. https://www.realvision.com/shows/raoul-pal-adventures-in-crypto/videos/is-solana-the-future-of-crypto-vx9l
  12. https://www.dnaindia.com/business/report-snapchat-disbands-its-web3-plans-amid-mass-layoffs-2982443
  13. https://www.itnewsafrica.com/2022/09/3-big-cryptocurrency-misconceptions-that-need-to-be-busted/
  14. https://www.lowyinstitute.org/the-interpreter/web3-coming-national-security-implications-too
  15. https://venturebeat.com/security/4-critical-steps-toward-securing-web3/
  16. https://www.fastcompany.com/90741893/epic-games-ceo-tim-sweeney-talks-the-metaverse-crypto-and-antitrust
  17. https://www.thedefiant.io/lg-smart-tv-nft-marketplace
  18. https://beincrypto.com/nft-music-streaming-player-first-ever-hits-market/
  19. https://fintechmagazine.com/banking/how-can-banks-become-metaverse-ready
  20. https://venturebeat.com/virtual/how-the-metaverse-could-bring-us-closer-to-a-sustainable-reality/
  21. https://cryptonewsbtc.org/2022/09/05/can-eco-friendly-businesses-diversify-with-crypto-investing/
  22. https://cointelegraph.com/news/nft-watchdog-rug-pull-finder-gets-its-own-nft-giveaway-exploited
  23. https://www.altfi.com/article/9781_crypto-bank-sygnum-to-open-metaverse-hub-on-decentraland-platform
  24. https://www.barrons.com/news/cryptocurrency-sceptics-look-to-bend-the-ear-of-regulators-01662356415
  25. https://hackernoon.com/recovering-stolen-cryptocurrency-a-russian-example-of-what-to-do
  26. https://cryptocracy.substack.com/p/bitcoins-cruel-summer-wont-stop-the

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Allen Taylor
Allen Taylor Verified Member

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


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