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.


Ukraine's Plea for Crypto Donations Brought in $13 Million

28 Feb 2022 2 minute read 0 comments Allen Taylor

Bitcoin’s hash rate has dropped and mining difficulty is expected to jump. Meanwhile, more mainstream investors could be changing bitcoin’s halvening cycle. A must-read proposal to address Bitcoin’s smart contract limitations recommends pay-to-contra...

Wyoming May Launch a Stablecoin By the End of 2022 (And Other Crypto News Worth Reading)

26 Feb 2022 1 minute read 8 comments Allen Taylor

When I think of Wyoming, I think of cowboys, ranches, and buffaloes roaming. But last year, Wyoming led the way in DAO legislation by introducing and passing a bill that allows decentralized autonomous organizations a legal path forward. It was the f...

Russia's Invasion of Ukraine Has Impacted Crypto in Huge Ways

25 Feb 2022 3 minute read 5 comments Allen Taylor

This week, immediately after Russia’s invasion of Ukraine, cryptocurrency values plummeted. In fact, the market lost $250 billion in hours. Economists are now predicting Russia could use cryptocurrencies to get around sanctions issued by the U.S. and...

Tether, Ripple, and Ukraine: Top Hump Day Crypto News for February 23, 2022

23 Feb 2022 2 minute read 0 comments Allen Taylor

Tether has reduced its paper holdings by 21 percent. That accounts for $6.2 billion. Marching on, Tether has partnered with the Switzerland city of Lugano to transform it into a European Bitcoin City. Ripple recently unsealed documents that show the...

OpenSea Was Hacked Over the Weekend and 254 NFTs Stolen (Including Bored Apes)

21 Feb 2022 1 minute read 5 comments Allen Taylor

Ethereum’s mining power hit an all-time high. Hackers broke into OpenSea over the weekend and stole 254 NFTs, including some Bored Apes and Decentraland tokens. Mexico’s third-richest billionaire says to buy bitcoin. Meanwhile, Huobi crypto exchange...

What Is the Environmental Cost of NFT Minting?

19 Feb 2022 2 minute read 6 comments Allen Taylor

Bitcoin difficulty has reached an all-time high as the hash rate is up 45 percent in six months. XRP whales accumulate more than $700 million in the second biggest accumulation spree in history. Minting a new NFT can cost the planet up to 1.38 trees...

Coinbase Super Bowl Ad Sparks 279% Spike in Crypto App Downloads

18 Feb 2022 3 minute read 0 comments Allen Taylor

Bitcoin miners are selling off stockpiles of coins. This comes as the granddaddy of all cryptocurrencies sees its biggest drop in four weeks. Morgan Stanley says Ethereum’s dominance could dwindle as more competition emerges. As the Securities and Ex...

Why All Eyes Are Watching Ethereum This Week (And Smart Contracts Are Outperforming Bitcoin)

16 Feb 2022 4 minute read 2 comments Allen Taylor

The crypto market rose above $2 trillion again. Bitcoin’s back over $44,000, but eyes are on Ethereum. The blockchain saw a total of $21 million inflows in the week ending February 11, ending a nine-week trend in the opposite direction. Not only that...

How Cryptocurrencies Will Be a Long-Term Investor's Sweetest Dream

14 Feb 2022 5 minute read 2 comments Allen Taylor

NOTE: Saturday, I was traveling from Texas to Pennsylvania due to a death in the family. That’s why there was no Cryptocracy. Enjoy this Morning morning edition. Ethereum is back in the news with the lowest transaction fees in months. One Morgan Sta...

Here's the Weird Couple Who Was Arrested for the Bitfinex Money Laundering Scheme

11 Feb 2022 4 minute read 5 comments Allen Taylor

Cofounder Vitalik Buterin says Ethereum may never be very much faster than it is now. Coinbase pulled the “how to buy” instructions on three cryptocurrencies after ‘rug pull’ warnings. Morgan and Lichtenstein sounds like the name of a personal injury...