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.


What Do Bitcoin NFTs and Ben DAO Have In Common?

10 May 2023 3 minute read 3 comments Allen Taylor

Binance adds support for Bitcoin NFTs. The crypto exchange also wants to find the next big Web3 entrepreneur in the metaverse. CoinDesk turns 10 and reminisces about The DAO hack. Maker DAO goes direct to consumer with new lending protocol Spark. Arb...

Web3 Social Earnings, April 2023: Is This Lousy or Great?

5 May 2023 4 minute read 16 comments Allen Taylor

For the past year, regular Cryptocracy have looked forward to reading my Web3 earnings report each month. In this report, I go through the list of Web3 social media platforms that I am working and detail my income from those platforms. In April, I ad...

Bitcoin Ordinals Bounce High In One Week

3 May 2023 2 minute read 4 comments Allen Taylor

The combined market cap of Ordinals, BRC-20 tokens, has risen 682 percent to $137 million in only one week. Of course, what goes up must come down. And likely will go up again. Ethereum network fees jump 153 percent in 1 month. Ethereum gas fees have...

Coinbase Takes Crypto Fight to SEC

1 May 2023 2 minute read 5 comments Allen Taylor

Good morning! I'm reeling from a cross-country trip. Drove from Texas to Pennsylvania. My wife, feisty Pomeranian Hawthorne, and I left East Texas last Wednesday, and made our trek to Gettysburg, Pennsylvania by way of the Deep South. We first stoppe...

Let's Talk About Paragraph and Mirror: Defluenced, With Unkle Bonehead

26 Apr 2023 1 minute read 2 comments Allen Taylor

Good morning, folks. I'll be hitting the road today in my campervan with my wife and Pomeranian, whom we have affectionately named Hawthorne (wondering if I should get him a sweater with a scarlet letter "A" on it). Before we leave, I thought I'd dro...

Ethereum De-Correlates from Bitcoin

24 Apr 2023 3 minute read 8 comments Allen Taylor

Good morning! Today, you’ll be receiving two emails. One from Substack and one from Paragraph when I re-post to that platform. If you don’t receive both emails, please let me know. I have begun the migration from Substack to Paragraph, based on the r...

Over 57% of Cryptocracy Non-Subscribers Would Choose Paragraph Over Substack

21 Apr 2023 4 minute read 9 comments Allen Taylor

As many of you know, I decided to conduct a survey asking for reader responses to some questions about Substack and Paragraph. Here’s what I discovered. With approximately 160 subscribers on Substack and a handful on both Paragraph and Mirror, plus t...

A Hacker Stole $10M in ETH and No One Knows How

19 Apr 2023 4 minute read 3 comments Allen Taylor

A hacker stole $10 million in ETH and no one knows how. Coinbase looks to the UK in possible relocation effort. The crypto exchange is preparing to go to war with the Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse has also thr...

7K MetaMask Users Impacted By Data Breach

17 Apr 2023 3 minute read 11 comments Allen Taylor

Data breach affects 7,000 MetaMask users. MetaMask itself wasn’t hacked. Rather, it was a connected third-party application. This signals that users must beware of connecting other apps to any crypto wallet. This isn’t really related to Web3, but it...

What ChatGPT Has to Say About Paragraph and Mirror

14 Apr 2023 2 minute read 7 comments Allen Taylor

If you haven’t seen it yet, on April 6, I posted a Twitter thread comparing Web3 publishing platforms Paragraph and Mirror. What you may not realize is that I created that Twitter thread with the assistance of ChatGPT. It’s not that I needed to do s...