Crypto Weekly Issue 46

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CRYPTO WEEKLY cryptoweeklymag.com $2 November 2022 | Volume 46 HIDDEN GEMS Page 40 Page 43 BEGINNERS GUIDE Page 50 VIDEO OF THE WEEK Choose the Best Trading Bot Cookie Sale | Kodi | Shade Protoco l Cryptopolis The Darwinian Nature of Finacial Literacy Page 24 THE REVOLUTIONS FUTURE Page 20 THE CRYPTO DARK AGES Page 26 CHINESE UNDERGROUND MINING Page 30 GOVERNMENT MONOPOLY OF MONEY Page 07 THE RISE & FALL OF FTX Page 11 YOUNG INVESTORS LOVE CRYPTO Page 13 THE SEC CRYPTO THREAT WEB3 MIAMI The 1st Women Led Blockchain Summit Page 16
01 02 03 04 05 Fully Doxxed Team Amazing Community Super Fast Listings 125K Mag Subscribers Earn Rewards in USDT ƒ 2 Audits Passed ƒ BKEX listing first 2 weeks ƒ www.t.me/CMC_COIN_1 ƒ www.cmccoin.io ƒ CoinMarketCap/CoinGecko ƒ Within hours of applying ƒ www.cyptoweeklymag.com ƒ Get first 12 Months Free! ƒ Weekly & Monthly Rewards
cryptoweeklymag.com $2 November 2022 | Volume 46 CONTENTS 20 24 34 Sam
CEO of FTX vs
CEO Changpeng Zhao 7 'High Risk' Crypto
8 U.N.
crypto-linked terrorism
quadrupled ������������������������������������������������������������������������������������������������������������������� 9 Chinese
10 Young investors
opportunity 11 A New Crypto
may be
the Fed ������������������������������������������������������������������������������������������������������������������12 Crypto Ecosystem Under Threat from SEC's Approach 13 Sachin Tendulkar partners with Rario - New NFT Partnerships in Sport ������������������������������������������������������������������������������������������������������� 14 1st Women-Led Blockchain Educational Summit Coming Nov 30- Dec 1 in Miami 17 The Crypto Dark Ages are Upon Us 20 How the Future Looks for the Crypto Revolution 24 The Chinese Crypto Crackdown Created a Burgeoning Underground Mining Industry 32 How Bitcoin, Blockchain, and Crypto, Will End the Monopoly of Governments ����������������������������������������������������������������������������������34 It's Now Easy to Create Ethereum NFT DAOs with Zora's Nouns Builder 38 Blockchain is Among the Greatest Innovations in History ������������������������������������������������������������������������������������������������������������������������������������������43 Dcentralize Welcomes New Team Members, Announces Rebrand & Partners Kujira, Riot Labs, Zebu Live & More! 48
Bankman-Fried
Binance
Activity Surges During Russia-Ukraine War
official:
attacks probably
digital currency may evade sanctions, says UK spy chief
less interested in stocks see crypto as a growth
Boom
Unintentionally Triggered by

CEO Nathan Hill nathan@cryptoweeklymag.com

Publisher Colin Woolley colin@cryptoweeklymag.com

Editor Robert Stone editor@cryptoweeklymag.com

Welcome to Crypto Weekly

Advertising Kryptochik kryptochik@cryptomag.finance

Design

Dilin Divan dilin@cryptoweeklymag.com

Another week has gone by, and this is our 46th issue of Crypto Weekly. I am Rob Stone, the Editor and along with the guys at CMC hope to bring you another weekly read about significant happenings in the world of crypto.

We live world of increasing complexity, competition, and alienation but also a world of unfolding possibilities, fulfilling experiences, and human connections. Here in Crypto Weekly, you will find news and rumblings of the wider cryptosphere, and you will find personal reflections, stories, and ideas that cut through the posturing, the commercializing, and the dehumanization we have all experienced In my own writing, I aspire to the authenticity that William Carlos Williams said people "die miserably every day for lack of" My personal writing also displays the vibrant energy of the creative unconscious, what has been called "a voice from the wilderness" as I have often lived and worked from the wilds over the last decade with my laptop connected to a satellite broadcasting my musings to those who will hear� Humanity is desperately in need of revising its own soul. We all know this is true. I only hope to contribute to the conversation.

As it has been another smashing week with crypto, and a lot has happened in the last week because the music never stops in the cryptosphere, and the time keeps rolling on. I hope you all enjoy what we have brought together for you this week� Please let us know your thoughts, and if you would like to see something featured, please do get in touch

Robert Stone

Editor

Follow Us cryptoweeklymag
WEEKLY
editor@cryptoweeklymag.com Editors Letter ISSUE 46 CRYPTO
Crypto Weekly Magazine is published by the Crypto Marketing Company 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ

Sam Bankman-Fried CEO of FTX vs Binance CEO Changpeng Zhao

Crypto Degens fought it out publicly, and a few days later, Sam BankmanFried CEO of FTX exchange, was removed from the billionaire boys club

Been following this closely since before anyone knew it was beginning when I watched a YouTube Debate with SBF and Erik Voorhees live ten days ago SBF exposed himself publicly as wanting to work with the SEC Then next, there was another public argument on Twitter, where CZ was obviously highly aggravated�

Later on November 6, CZ stated on Twitter, "We gave support before, but we won't pretend to make love after divorce� We are not against anyone But we won't support people who lobby against other industry players behind their backs," CZ wrote in an apparent reference to recent calls for more crypto regulation by SBF,

who is also one of the biggest campaign donors in U S politics

SBF, meanwhile, took to Twitter to say FTX and its assets are just fine despite false rumors spread by a competitor and to tell CZ he would love to work together "for the ecosystem " After they fought on Twitter, he announced selling his FTT holdings, and he sold some, intending to do so over time FTX's token plunged 80%, wiping out over $2 billion in value when there was a run on the exchange

Still, it was too late With the ensuing liquidity crisis, CZ decided to step in and save FTX to save his own FTT holdings

(which is the FTX token) from further degradation During the crisis, there was a big spike in BNB to over $380 However, the spike didn't last, as BNB fell to $280 later to recover at $335

Ultimately, these purist crypto Degans, the leaders of the crypto revolution, have removed from their midst someone they regard as a turncoat They all see crypto as our chance to remove government power over money or the separation of money and state They don't want anyone in their midst to screw that up By the end of the day on November 8, it is estimated Sam Bankman-Fried's net worth fell 93% in 1 day,

losing over 15 billion dollars along with his status as a billionaire.

I will leave you with a quote from Crypto Billionaire and Degen Erik Voorhees

Separation of money and state might be just as – if not more important than –freedom of religion. The choices that you make about money dictate the ramifications of your life and those around you. And so, to have an institution like money so controlled by a central entity — by a monopoly — is absurd.

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NEWS & UPDATES

'High Risk' Crypto Activity Surges During Russia-Ukraine War

In a report by blockchain analytics firm Chainalysis, "high-risk" or "illicit" cryptocurrency activities have increased due to the Russia-Ukraine conflict.

According to the report, 18 2% of Eastern European crypto transactions are illicit or risky activities Several of Eastern Europe's risky activities are associated with high-risk crypto exchanges that do not require customers to provide knowyour-customer (KYC) information�

As a result of a series of sanctions imposed by the European Union (EU), Russian citizens are being forced to use lesser-known exchanges to access the cryptocurrency services offered in Europe It is expected that Estonia,

a neighboring Eastern European nation that was a crypto and tech hub last year, will lose 90% of its crypto business as it implements stricter regulations on the digital asset industry later this year The initial

Chainalysis figures paint a derogatory picture of Eastern Europe's crypto activity; it's important to note, however, that the volume of illicit activity is on par with North America and Latin America - and dwarfed by the amount

of illicit activity occurring across the African continent

Many factors skew data, including high-risk activities such as online gambling, exchanges, and decentralized finance. As Russians have been prohibited from accessing European crypto businesses due to sanctions, a rise in highrisk activity connected to exchanges is expected�

Lending, trading, and other financial activities conducted on a blockchain without traditional intermediaries are called DeFi

—Crypto Weekly

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NEWS & UPDATES

U.N. official: crypto-linked terrorism attacks probably quadrupled

nited Nations officials estimate that the number of cryptofinanced terror attacks has quadrupled over the past few years According to Svetlana Martynova, a senior legal officer with UNCTAC's Executive Directorate, 5% of terrorist attacks were cryptofinanced or linked to digital assets two years ago Currently, we are thinking about a 20% increase.

U

Also speaking at the U N Security Council meeting, Martynova discussed the financing of terrorism at the Hotel Taj Mahal Palace, Mumbai, the site of a Nov. 26, 2008, attack that left 175 people dead "According to experts, terrorists are most likely to move funds by cash or through time transfers," she said during the talk� But "there was also

an increase in their use in combination with new payment methods "

Those new methods include mobile payment systems and virtual assets, she said "Blockchains, cryptocurrencies, and crowdfunding sometimes pose a complex money trail for financial investigators to follow�

Some of these products can enable anonymous cross-border funds transfers " Martynova warned against blankettype prohibitions. She said it is critical to understand "the exact nature of the threat" to develop appropriate responses, which should be "riskbased, outcome-based, proportional and humanrights law compliant "

Almost twice as much money was transacted in blockchain transactions last year because of crypto crime, according to blockchain research firm Chainalysis. As a global standard-setting organization that develops

anti-money laundering (AML) policies for the Group of 7 industrialized nations as well as 30 or more developed countries, it is the U N 's policy to follow the guidelines and policies of the Financial Action Task Force (FATF)

Authorities should speed up checks on crypto users' identities, according to the FATF, and only 11 of 98 jurisdictions surveyed have enacted and overseen the controversial "travel rule," which requires virtual asset service providers (VASPs) to share information with the recipients and originators of crypto transactions —Crypto Weekly

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NEWS & UPDATES

Chinese digital currency may evade sanctions, says UK spy chief

Yuan, the PBOC official pledges to protect the privacy of its users

Based on recent data from the Bank for International Settlements, the yuan makes up 4 percent of the world's currency market, while the US dollar holds 88%

There is a possibility that China could use the digital currency it has centralized to avoid future sanctions, according to the UK spy chief Jeremy Fleming, who warned earlier this month that the country is learning from Russia's war in Ukraine

In a speech on Tuesday in London, Fleming, who heads GCHQ's intelligence, cyber, and security agency, will argue that Chinese Communist Party leaders manipulate strategically important

technologies to control companies and ordinary people by using their "financial and scientific muscle " He will point to China's currency as an example of such coercive behavior.

Fleming said As a result, China can evade certain international sanctions currently imposed on Putin's regime in Russia in the future�

There is a race among central banks to launch digital currencies, with China ahead of other countries, including Beijing and Shanghai, which are testing digital yuan, or e-CNY� People's Bank of China, its operator, argues that privacy and personal information are very important to it In response to the push for a digital

While Fleming did not explicitly link China's potential attack on Taiwan to his pre-briefed remarks, it may be possible for China to circumvent sanctions sometime in the future. China's possible attack on the island has prompted the US to step up its contingency planning following Russia's war in Ukraine China denies invasion plans�

Fleming will say As he discusses the Taiwanese semiconductor industry, he will mention that Taiwan Strait events "are likely to have

direct impact on the stability of the UK and future global growth."

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"Digital currencies introduce efficiency as well as new methods of settling payments. However, the way they're being implemented allows citizens to be monitored, and companies are forced to use them,"
"There can be no doubt that the Chinese Communist Party has learned a lot from that conflict,"
a
NEWS & UPDATES

Young investors less interested in stocks see crypto as a growth opportunity.

There is no doubt that there is a generational divide regarding technology, music, and clothing Investing proclivities also differ significantly by generation.

Only 7% of older adults cited cryptocurrencies and digital assets as their greatest opportunities for growth According to a study released a week ago by Bank of America Private Bank, younger wealthy investors are more enthusiastic about cryptocurrency and digital assets

Cryptocurrencies and digital assets were cited as the greatest opportunity for growth by 29% of investors aged 21 to 42, while older investors cited only 7% Compared to adults aged 43 and older, only 12% of younger investors listed domestic equities. "Innovations are quickly adopted, and old innovations are quickly discarded," Bank of America's head of private bank investments wrote in an e-mail "This is likely the reason why 75% of our survey respondents

aged 21 to 42 think conventional investments are not enough to achieve above average returns and instead are turning to nontraditional solutions such as cryptocurrencies and alternative investments," Shepard said

The study also found that younger investors allocated 25% of their funds to stocks and 15% to cryptocurrencies

Compared to older investors, 2% of their investments are in cryptocurrencies, and 55% are in stocks

Advisors need to consider where younger investors get their cryptocurrency advice� Approximately half of the younger group turns to social media for this type of guidance�

The older group reported 30%, compared with 30%

of the younger group In this situation, advisors could provide preemptive guidance and education about complex topics that young people want to learn more about.

Crypto asset advice is already provided by some advisors, while others still need to prioritize it or plan to do so� Forty-one percent of younger investors polled for the Bank of America survey said professional advisors are a source of cryptocurrency information� Nevertheless, by ignoring crypto and other digital assets, advisors could be leaving money and relationships on the table as younger

investors gain more wealth - on their own or through inheritance

"Clients may not be ready to commit their own capital, but they still look to their investment provider for insight into how the world is changing," Shepard said Education on topics such as cryptocurrencies begins long before they are ready to adopt them into their investment portfolios�"

In May and June, the survey was conducted among 1,052 adults with at least $3 million in investible assets, excluding their primary residences —Crypto Weekly

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NEWS & UPDATES

A New Crypto Boom may be Unintentionally Triggered by the Fed

T his month may bring a crypto "black swan" event as BitcoinBTC 0 0% and cryptocurrency prices have plummeted by around $2 trillion recently

In response to the hotly awaited, shocking remarks made by Federal Reserve chair Jerome Powell, the bitcoin price has dropped to around $20,000 On the other hand, Ethereum is about to experience its own earthquake that could severely impact the price of Ethereum and other top ten coins, Cardano, and Dogecoin

In light of one crypto exchange chief executive's warning that "it's anyone's guess what will happen in this crypto winter," it is predicted that the Federal Reserve will soon trigger an increase in bitcoin and other prices�

"In the Thinking Crypto podcast, Bill Barhydt, CEO of crypto wealth management platform Abra, explained that the Fed will pause once its "dramatic rate hikes" "have slowed price inflation" and stopped raising rates for now

Fed chair Jerome Powell said borrowing costs would be raised as high as necessary to reduce inflation, which is currently over three times the Fed's 2% target According to the latest figures, inflation in the U S cooled a little in July, but the Consumer Price Index (CPI) still rose

8 5% "In light of the Fed pause and anticipation in the bond market that interest rates will return to the downward trajectory they've been in for decades, I think it's game on for equities and crypto A "great pause" is predicted to occur in October and last

through early 2023," Barhydt added

With bitcoin price falling 70% from its all-time high of almost $70,000, the bitcoin market and crypto market have crashed along with stock markets this year "Historically, such large drawdowns often make for a good time to buy," Dan Ashmore, investing expert at Invezz, said via email "The drawdown might be severe (and could still get worse), but over time the market is highly likely to rise back above its current level—especially since the Fed is unlikely to remain on the sidelines if things become truly bad."

—Crypto Weekly

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NEWS & UPDATES

Crypto Ecosystem Under Threat from SEC's Approach

Cryptocurrency regulation is cumbersome in its current form Some are considering a different approach by the CFTC. As the former commissioner of the Commodity Futures Trading Commission (CFTC), Brian Quintenz understands the crypto industry's frustration with the Securities and Exchange Commission (SEC)-but doesn't consider regulation itself to be the issue 'The crypto ecosystem needs rules that fit the technology, are purposeful, and allow innovation to flourish.' You won't find this from the SEC,' Quintenz said

At Andreessen Horowitz, Quintenz is an advisor on the crypto team "After I left the agency, they reached out to me because they knew that

policy, regulation, and legislation would be a major focus of protecting the crypto ecosystem," he said. As reported by the CFTC at the end of his term, he oversaw the listing of Bitcoin futures contracts and the creation of tokenized commodities

In Quintenz's view, some regulatory agencies have resisted change rather than opening the door to new technologies� "There is a possibility that if the SEC took the requisite steps, it might be able to create a kind of securities-like regulatory structure without threatening the entire ecosystem itself," said Mr Ma, who added that "the SEC needed to take action�"

It raises some issues regarding how entities could comply with existing rules by labeling

cryptocurrencies as securities, and he said, "imposing obligations on parties that cannot fulfill those obligations." For example, he said calling something a security would mean it's issued by a central issuer who has to send proxy statements to everyone holding the token "How is that even possible?" he asked.

As a result of the rigidity of the SEC, Quintenz believes the only way the CFTC could gain oversight of spot crypto trading is through Congress enacting a new framework As part of his efforts, he has worked with elected officials to educate them about the potential benefits of a betterregulated crypto market

Quintenz added, "The more knowledgeable members of Congress and senators are about crypto, increases their rationality, reasonableness, productivity, and positive attitude towards the crypto industry Their approach is likely to be for crypto because they recognize the innovation possibilities and future benefits of people owning their own place within networks and

what that means " Quintenz also challenged the idea that crypto regulation would be harmful, arguing that regulation would ultimately improve the space

Some people may perceive regulation as bad – that it's constricting, constricting, and just too expensive While some of those things are true, having well-tailored, appropriately calibrated legislation could result in large, liquid markets with a strong sense of integrity "

The benefits that could come from a framework for regulation are better than those that the industry is currently facing, he believes, and would better align resources that parties must devote to staying in compliance

He said there are huge benefits to doing it correctly As long as it doesn't criminalize or overpenalize certain activities based on ambiguous standards that a regulator still needs to clarify, they definitely outweigh any potential costs to anyone involved —Crypto Weekly

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NEWS & UPDATES

Sachin Tendulkar partners with Rario

- New NFT Partnerships in Sport

Sachin Tendulkar, a famous and acclaimed batsman for the Indian cricket team, has partnered with Rario to launch an NFT series based around the sport. The NFTs will be released within the next couple of months and will give fans a chance to own an individual piece of sporting history

This comes at a time where NFTs are becoming fully integrated into the world of sports, topping the NFT charts by volume Sports stars partnering with NFT platforms such as Rario brings a unique opportunity for fans to hold personal or favorite memories in the sporting world as an individual token, bringing them closer to the stars whilst engaging with their communities

OutlookIndia reports Tendulkar's enthusiasm towards the project stating: "Fans are an integral part of any sport While the on-field action

happens for a few hours, fans carry the memories forwards and immortalize those moments forever It is exciting to see NFT

and cricketers that are bridging the gap between the digital and sporting

An NFT startup named Mercury wants to use NFTs as an access pass to in-person, live events, 5million to The plan is to create "hyperlocal fan clubs" using the collectible NFTs, building sporting communities and once again integrating digital blockchain This could include experiences such as meeting and interviewing players or being granted exclusive access to the pitch/specific areas of the stadiums

In India, where Tendulkar was born and raised, crypto

and NFTs have reached soaring heights Business Today reports that 11% of the world's crypto and web 3 0 talent has originated in India It was only a matter of time before some of the country's most wellknown celebrities, such as Tendulkar, have become involved in the everincreasing industry

Tendulkar's involvement in the NFT sphere marks yet another significant chapter in the rise of Non-Fungible Tokens From international cricketers to famous NBA stars, the relationship between fans and sports stars has never been closer thanks to the rise of NFTs As the digital industry reaches further masses, more startups such as Mercury will begin to implement even more features that fans can engage with through blockchain technology� All of these will have real-world features and effects for fans of sports, and it remains exciting to see where the changes will head next

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NEWS & UPDATES
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1st WomenLed Blockchain Educational Summit Coming Nov 30- Dec 1 in Miami

BOK Productions founders Kimberli Bruce and Keri Kilty are hosting a world-first, exclusively women-led event for Web3 tech — Web3 Summits Taking place at the Miami Airport & Convention Center, Miami Dade County, from Nov 30 through Dec 1, 2022�

This educational program will present a diverse program of speakers to the Miami-Dade community� The conference provides business owners, entrepreneurs, educators, and students with a solid foundation for understanding emerging technologies referred to as Web3.

This conference will discuss decentralization, blockchain networks, blockchain features, tokenization, token economies, metaverses, and AR and VR applications

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Technology adoption and awareness is the goal of the event. There will be an educational forum and a safe space to build relationships and collaborate with meaningful, lasting relationships The conference is open to community members interested in learning more about emerging technologies The program combines educational workshops, panel discussions, and lecturing keynote speakers We aim to provide beginners and intermediates with lessons and discussion for Web3 technologies.

Participants will be inspired by insightful and highly accomplished leaders of the Web3 revolution. Here is a sampling of educated speakers from

the over 150 attending this two-day conference� — Scarlett Arana of Bit Basel, an organization that is leading global implementation strategy and regulation for blockchain technology, Ben Armstrong (BitBoy) YouTuber, podcaster, crypto enthusiast, and creator of BitBoyCrypto, Sandy Carter, Sr VP of web3 leading domain provider, Unstoppable Domains, Daniel Moncada, Actor, Breaking Bad, Cinematography, CBO MemeNFT Community Marketplace, Yu-Kai Chou, Award-winning author and founder of MetaBlox, and Paula Dezzutti, Local Choice Founder, and CEO

To complement the theme of Miami Art Week, a Fine Art Gallery and Music Stage, including digital and physical art and

music performances of all genres, will be within the vendor exhibits and networking lounge areas providing comfortable seating, refreshments, and bar services. A Web3 pitch contest will be co-hosted with Cryptan Labs. Founders and entrepreneurs working with Web3 technologies are invited to enter the contest Artists from the local area are strongly encouraged to apply and submit portfolios.

International audiences from North America to Asia are attending the conference with the support of worldrenowned media outlets, including Cointelegraph, Crypto Magazine, BlockTides, and Make Me Viral Media Partners, content creators, exhibitors, press, sponsors, and speakers will have access to a dedicated space for interviews, AMAs, podcasts, or marketing materials during the conference Contact web3summits.io for more information if you are a journalist or content creator

As part of its mission, the Web3 Summit seeks

to spread its inherent optimism worldwide The conference founders value and honor every individual's contributions and support Every person attending the conference is assured that they have become part of a great community and have gained knowledge to become better people in business and life.

As part of Art Week, this first-of-its-kind WomenLed Educational Event is working with local Miami communities, choosing a location that's easily accessible and has plenty of parking for residents and visitors The location is the DoubleTree by Hilton Miami Airport & Convention Center, 711 NW 72nd Ave, Miami, FL 33126.

The official website has more information and entry tickets for the event Student tickets are available, including day passes, 2-day passes, and VIP passes If you are interested in a brand marketing partnership, don't hesitate to contact Keri or Kimberli directly through the web3summits website —Crypto Weekly

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WEB 3 SUMMIT

WOMEN WEB3 MIAMI

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Miami Airport Convention Center, Miami, Florida November 30- December 1, 2022 Women Led Web3 Educational Summit | Education and Community Building Collaboration and Networking

The Crypto Dark Ages are Upon Us

The dark ages are often said to be dark because of the absence of scientific and cultural advancement. During this time, feudalism was the dominant political system. The nobility held lands in exchange for military service, and vassals were tenants of the nobles, while peasants had to live on their lord's land and pay tribute as a reward for their protection from the enemy. Are the current times really much different?

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FEATURE

Global economic conditions suggest that global financial markets, including the cryptocurrency market, have further downside ahead Financial advancement has ceased on both fronts, and seemingly, even worse times are coming Crypto is no different since it is inexorably tied to the state of the world and everything that is happening in a historical context right now We have wars and rumors of wars at an intensity not seen since the last great war, WW2 We have famine, plagues, and pestilence of all varieties pushing humanity to action; no one who has peace and prosperity would ever attempt such

mass migrations across continents to escape violence and death on an ever-increasing scale

The market isn't likely to surge to new all-time highs in the near future The most successful economies are facing financial ruin and bubbles busting in the air like nuclear explosions, creating concussions blasting across the world's economies like ripples the size of tidal waves towering over our heads I understand that is a dire description, but reality is important, don't you think?

CMC Coin and Crypto magazine are doing spectacularly, but we are a special case We are riding the crest of those waves and flourishing as a light

in the dark I will give you my best recommendation. Move into the light, my friends

We, the people, are but serfs who must endure their lot in life The royals give us the law, and the nobles enforce it. To them, we pay our taxes in tribute for protection. We have little recourse but to recognize the times, do as we must, and live to prosper another day Cryptocurrency markets are also experiencing a dire time. But judging by

talk from the periphery of the battlefields of Babylon, it seems like some of us vassals and serfs are unaware of the situation due to a lack of proper communication

Among his 535,000 followers, Twitter's CryptoKaleo wrote on Sept 12 that he felt relatively safe during the November midterm elections Using a chart, he predicted that Bitcoin's price would rise to $34,000 by the end of the year — a 50% gain from its roughly $20,000 level The Twitter mega influencer Pentoshi wrote to his 611,000 followers on Sept. 9: "Of course, we can bleed lower, but the market is much more attractive now than it has been in over a year�"

Those assessments come from those who have periodically been right in the past They are highly respected observers. Other observers assure followers and readers that a major crypto 'run-up' could begin anytime. Even more bullish predictions can be found, including one that says Bitcoin is about to explode by 400%, reaching

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an all-time high of $80,000 and a market cap up to $1.6 trillion - hundreds of billions more billion more than all silver in existence

Despite most influencers looking for engagement and paying customers, it's good to see rampant optimism Macroeconomic headwinds have shifted reality into a slightly darker place, if not a much darker one

Earlier last month, FedEx announced that it missed its first-quarter revenue target by $500 million, raising concerns that economic conditions might worsen "Looking at these numbers, they don't bode well," CEO of FedEx Raj Subramaniam pointedly mentioned in a CNBC interview His comments, such as predicting a global recession by the end of the week, prompted a 21% drop in his company's share price, which also

greatly affected the wider stock market�The Federal Reserve Bank of New York reported in August that consumer debt had reached over 16 trillion - an unprecedented record that is not a good thing at all in a time of high inflation and overspending beyond any time in history Three hundred thirty million people in the United States are affected by this number, which amounts to a little more than $48,000 per man, woman, and child Soon we will have to add the unborn because they are the ones who will pay for it

There is more concern about consumer debt than government debt, even though policymakers may be lax about government debt. A CBS interview with President Joe Biden a couple of Sundays ago led observers to speculate that he was preempting the Federal

Reserve announcement of an enormous, 100-basispoint interest rate hike "I'm telling the American people that inflation will be tamed," Biden said. An event of this nature would likely send markets into a tailspin that they would not be able to recover from for a considerable amount of time

Even that move may not be sufficient to curb inflation in the near future. In light of the rapid rise in debt, it shouldn't be surprising that inflation has shown little sign of slowing - up more than 8% year-over-year in August Demand has yet to be dampened by Americans' lack of money - by and large. According to the New York Fed's report, credit is backing that demand It was the largest year-over-year percentage increase in credit card debt in more than 20 years during the second quarter.

This is the crux of the matter No matter how quickly the Fed disincentivizes debt, there is no way to predict when asset prices will rise It is less possible to buy things if there are high levels of debt, which already exist� It is not helping that the federal reserve is printing money at a rate never before seen in history By increasing debt service costs, as the

Federal Reserve is trying to do, we will have less money to spend, and the money printing is picking whatever may be left out of our pockets before we even touch it American consumers will have less money to spend long-term if forced into economic ruin to bring costs down. When inflation continues to rise and the cost of basic goods and services increases - compounded by the European energy crisis over which financial managers have little control, mostly due to a major war in Europe - there is less money available for other purchases Elon Musk may have had the same outlook when he said in June that the economy left him with "a bad feeling."

Let me be clear: Neither crypto nor any other asset class is about to break records For a prosperous investing year ahead, please take my advice seriously Of course, CMCC is not the only light in the dark I strongly support CMCC due to the position it now holds, publishing the best-selling Crypto Magazine in the world and passing its profits to the holders of its token Your best course of action is to "do your own due diligence," as it is said, and move into the light wherever you may find it to exist under these dark market circumstances

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FEATURE

How the Future Looks for the

Crypto Revolution

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Thousands of digital money projects have been launched since 2009, when Bitcoin was quietly introduced by its creator, creating a highly profitable market for investors Nowadays, investors come in many shapes and sizes The crowd once composed of geeky "true believers"

has now evolved into a diverse and somewhat traditional community, ranging from large mainstream companies to large investment funds, from cypherpunks to mainstream companies As cryptocurrencies gain traction as investment assets, investors are beginning to show an

interest in a wider variety of crypto assets aside from Bitcoin as the financial world transitions towards crypto assets

Ajit Tripathi, former Goldman Sachs and Barclays investment banker and head of institutional business at Aave, said, "the institutional

crypto investors' landscape has changed significantly." "Several sovereign wealth funds, including some in the form of sovereign wealth funds of entire countries, have begun to venture into crypto beyond bitcoins. A few sovereign fund managers I spoke to last week have also started to invest in tokens,"

25 www.cryptoweeklymag.com November 2022 | Volume 46 FEATURE

According to Tripathi "They are making investments in tokens from a group of sovereign funds," he said

Venture funds investing in bitcoin and crypto, such as Pantera and a16z, typically make up the majority of such investments, which typically are at most 1% of such funds' total allocations Other, smaller cryptocurrencies could also be invested with some of that allocation Shitcoins are not worth investing 100 million dollars in As a result, you are likely to put half of the funds in Bitcoin and Ether, with the rest in venture funds, such as Pantera and a16z, and a small part in other tokens as a learning exercise," he explained

Due to the narratives of inflation hedge and digital gold, bitcoin is the most reliable investment for institutions Also, Bitcoin was one of only two cryptocurrency assets exempted from regulatory risk by the SEC. As a result, Tripathi said, there is a change in the narrative surrounding Bitcoin, and attention is gradually shifting to Ether, MATIC, ATOM, and SOL, along with gaming and DeFi tokens

Only recently, in 2019, Tripathi says, crypto was truly considered an asset class by institutions. After that, however, two

things helped crypto gain serious attention: the U.S. government's printing billions of dollars during the COVID-19 pandemic and PayPal's cryptocurrency custody and trading service He said crypto as an asset class has been legitimized and mainstreamed quickly.

"Institutional funds are increasingly interested in tokens issued by decentralized trading protocols such as Uniswap, Compound, and SushiSwap," according to Tyler Spalding, co-founder of payment startup Flexa Cryptocurrencies such as stablecoins, or cryptocurrencies pegged to assets such as fiat currencies such as the U S dollar, are crucial components of the crypto market infrastructure

Eswar Prasad, Cornell

University professor, former IMF official, and author of "The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance," predicts central bank digital currencies (CBDCs) will soon challenge stablecoins. Prasad said that the central banks of China, Japan, and Sweden are already experimenting with CBDCs and that they are likely to issue CBDCs within the next three to five years. As CBDCs emerge, cash will almost certainly be replaced by CBDCs�

"Central banks prefer ecosystems that are controlled over those running on decentralized, permissionless ledgers like Ethereum or Tron Once CBDCs are in place, there is little chance that stablecoins will be on par with them," said

Kiff added that private stablecoins would continue to have a place for capital control avoidance and transactions on the grey market, as well as capital control avoidance However, the larger market will probably only be open to stablecoins.

The Bank of International Settlements, the Swiss National Bank, and the SIX Exchange are currently piloting the Helvetia project to issue securities on blockchain and settle them with digital currencies� Projects like this will likely expand, especially in developing nations, in the coming years Kiff says we will see a limited pilot program like this within the next few years in the U S He said that putting all the

26 www.cryptoweeklymag.com November 2022 | Volume 46
John Kiff, former senior financial sector expert at the International Monetary Fund
FEATURE

infrastructure on the new tracks will take some time in advanced countries with sophisticated securities markets

Known as the "Crypto Dad" because of his friendly attitude toward crypto, Christopher Giancarlo, former Chairman of the Commodity and Futures Trading Commission, believes that CBDCs and stablecoins can compete "healthily," at least in the free world

In developed economies, CBDCs will never be used in practice, but stablecoins will become a vital part of the banking system, according to Ajit Tripathi� The industry will be much more regulated than it is now and will probably become much more similar to banks' regulatory requirements.

Tripathi added, "you're part of the payment rails as long as you follow the rules." Tripathi believes stablecoins will gain banking charters or similar regulatory status within one or two years "In the next generation of digital payments, the technical and legal infrastructure will be built, so those who build it and those who invest in it will benefit," he said

According to Kiff, "investors

may want to pay attention to projects using Ethereum or Corda, which has been popular with CBDC pilots worldwide " He added that "projects like Stellar, Algorand, and Avalanche might be suitable candidates for providing CBDC technology to countries "

By sharing platform revenues with token holders, similarly to traditional companies,

Flexa's Tyler Spalding believes decentralized protocols such as Compound or Uniswap have the potential to become "extremely successful " This is the same foundation that Crypto Weekly's Crypto Marketing Company is building for its followers. Having reached the heights of outselling Bloomberg and Entrepreneur Magazine by ten times worldwide in its first four issues, Tyler may have a good point

Within the next seven to ten years, Alex McDougall, CEO of Stablecorp, believes the industry will develop viably "hardened, tested, and disputed" decentralized governance models

Despite this, those models will take up to 20 years to withstand court and regulatory battles that will ensue The truth is there is nothing that can stop the crypto revolution� Ultimately with round the world decentralization for the hardiest and most

28 www.cryptoweeklymag.com November 2022 | Volume 46
FEATURE

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worthwhile projects. These companies and DAOs will have all the power of the support of a loyal public that appreciates the freedom of choice and the value they truly want No one likes government intermediaries squelching progress and putting their bureaucratic hands in the pot We all especially value our privacy Governments do not

"As a result of this development, companies building bridges between blockchains, fiat currencies, and trading platforms will reap the rewards, but not necessarily in a decentralized fashion " As McDougall pointed out in his speech, "there are currently a trillion dollars in friction taxes locked up in the financial services system that needs to be released " McDougall refers to the fees and service hiccups associated

with switching from one currency and blockchain to another

It is important to remember that these trends do not mean that the oldest and largest cryptocurrency by market capitalization has lost its appeal to investors�

Instead, it is considered the benchmark of the cryptocurrency market, not as profitable but not as risky as some other coins Kiff says, "Bitcoin is a reserve currency for the crypto market " "I like to think of bitcoin as an index fund for the crypto market� This will most likely be the fate of Bitcoin in the future, especially if it sticks to its roots or to the proof-ofwork system, which is the most controversial part of the cryptocurrency community, even though Bitcoin has some unfortunate sides," said Kiff, adding that "Bitcoin remains the most decentralized cryptocurrency " "Right now, Bitcoin has worked like clockwork since 2009 without glitches

or technical difficulties. That is quite impressive," according to Kiff Giancarlo, the former chairman of the CFTC, noted that "the past few weeks have revealed an interesting trend: While the U S dollar has gained strength over the past year, other global reserve currencies have been losing strength In contrast, bitcoin continues to trade around $20k in a narrow range despite British traders trading for dollars to buy pounds."

Giancarlo pointed out that "traders are not selling bitcoins to buy dollars in the way they sell yen to buy dollars or pounds to buy dollars. In a time of global economic stress, many traditional currencies are losing value, but bitcoin isn't," he said

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FEATURE

The Chinese Crypto Crackdown Created a Burgeoning Underground Mining Industry

Beijing has banned crypto mining, but Bitcoin production is roaring back in China. With a significant amount of the current world's Bitcoin hashrate originating from the country� New CCAF data shows that China, accounting for 21% of Bitcoin hashrate, has become second only to the U S , which now accounts for 38% Underground mining operations have managed

to evade detection by Chinese authorities� Social media started trending recently about a conference called Crypto Conference in the Chinese city of Dali, in the southwest, where fewer than 200 people were expected to attend Still, the event drew more than twice that number and sold out the 1,000-person venue Crypto, a sector the Chinese government declared largely illegal a

year ago, was the topic of the gathering�

In the years preceding the crackdown, China had emerged as one of the most important centers of expertise in the world of cryptocurrencies, with the creation of big exchanges like Binance Holdings Ltd , as well as the largest mining operations for Bitcoin. In September 2021, the Chinese government announced its intention

to ban crypto trading and mining at the domestic level. The ban seemed poised to kill off the entire industry in China�

Things didn't turn out that way� In place of that, what has emerged is a mix of organizations that follow the Communist Party's plan of promoting statesanctioned blockchains and the digital yuan, rogue bitcoin miners, and crypto entrepreneurs and firms

32 www.cryptoweeklymag.com November 2022 | Volume 46
FEATURE

that seek to expand their fledgling establishments without crossing any conceptual red lines

China's Great Firewall, erected in the 1990s, gave the Communist Party an unprecedented level of control over the flow of information online and created an internet industry that Western firms are largely excluded. Many of China's remaining crypto entrepreneurs fear that the government will have a similar approach to Web3, stifle innovation, and isolate the whole of the Chinese internet from the rest of the world, similarly to the development of Web3.

Several industry participants, from founders to programmers and operations specialists based in China, have been interviewed by a number of people. For fear of being scrutinized by the government, they all request anonymity from

whomever interviews them Their stories illustrate how the industry is still trying to find its way and hoping regulators won't crack down on them

Kim Grauer, director of research at Chainalysis, said, "informal crypto markets operate in a legal gray area A growing number of merchants in SubSaharan Africa and Latin America are purchasing goods from China using cryptocurrency in this

informal market capability. We've spoken to some of them "

People within China are still visiting major centralized exchanges and evading detection by using various technical means, including VPNs or "Virtual Private Networks," and installing connections to virtual private servers on their computers What people do to bypass the firewall is open a VPN connection and then open a virtual server on their computer so the connection will not show up as theirs Then within that server that appears as a remote computer screen on their own computer, they open another VPN connection within that server and then open Tor Browser or the newer Brave Browser to connect to the exchange they use, thus bypassing detection People who can afford it get a little more elaborate and will,

after opening the first virtual private server in the process and then opening a VPN within it from within that server, open another virtual private server within the first one intending to double up on their protection Some even will triple it and move between them, alternating from one to another No Chinese observer or even the U.S. National Security Agency will be able to follow their activities

33 www.cryptoweeklymag.com November 2022 | Volume 46 FEATURE
China had emerged as one of the most important centers of expertise in the world of cryptocurrencies, with the creation of big exchanges like Binance Holdings Ltd., as well as the largest mining operations for Bitcoin

How Bitcoin, Blockchain, and Crypto, Will End the Monopoly of Governments

Society's institutions are losing trust across the globe. Anyone who thinks rationally can see that government, finance, and money institutions carry within them corruption and incompetency on a grand scale worldwide Due to this, the world is perpetually in crisis,

shifting from one emergency to another rapidly and wildly in search of resolution� There is stagnation in the pace of progress and growth A strong influence of hatred, hopelessness, and pessimism can be seen in the culture Despite the many failures of our institutions, monopoly of

power remains their root cause Except for the companies, businesses, and individuals that dominate them, monopolies are bad for everyone except the monopoly itself Yet, we somehow forget that common sense is important when it comes to the greatest monopoly

of all, that of the state� Why? The reason is that we assume that there is no other option� We think a central entity must oversee the laws and control violence within its territory out of our conditioning We accept what has been handed to us in life as though the way of things is paramount

34 www.cryptoweeklymag.com November 2022 | Volume 46 EDITORIAL

This assumption was warranted until Satoshi released Bitcoin on January 3, 2009 He showed that building a system of rules is possible without an administrator applying them or making them happen He showed the world that this system could be applied to one of the most fundamental institutions of property and law itself: the institution of money Bitcoin showed that all system users can deal honestly and openly between two individuals and that admins are unnecessary Bitcoin has been demonstrated to be an immutable system of truth that can be used to conduct transfers of value around the world without ever being exposed to the monopolies that have previously served as gobetweens, taking fees for the privilege of letting the hands of the state handle the sweat of our brow. Our money�

An evolution is taking place to eliminate the need for internet services to be monopolized. What Bitcoin can do for us in the money domain, cryptotokens of various types have been created and used for other kinds of digital transactions and property� More recently, decentralized finance (DeFi) is challenging the need for bureaucracies in financial services. All of this was due to the

creation of software tools called cryptocurrencies, NFTs, and the like that have systems of rules to eliminate issues and deal honestly and truthfully with others without the need for the many bureaucracies that formerly had their hands in the pot

There has never been a revolution like this in human history, and only some of us seem to grasp the full magnitude of what is occurring or the path ahead We all want our freedom In the end, the result of the blockchain revolution is that we all finally rid ourselves of the most abusive monopolies historically of them all –the monopoly that trumps all other monopolies – the monopoly of governments themselves It is more than property or finances or laws administered by governments

What if we could remove the need for governments entirely from the equation? That is the promise of Blockchain and Crypto All we need are decentralized, immutable systems of truth created of by and for the people to run a lot of things there have had issues with monopolies around, and put them on the Blockchain� We program its functions It's not like we have to turn over our entire systems of laws and commerce It's not like we are making

robots the police and the judges. We decide what we want and implement what we want as free people This is actually in the process of happening right now A sort of natural evolution as the world becomes more aware. It is all so very new to all of us it will take time to work out all the kinks, but it is happening nonetheless

We are taking a lot of wrong turns along the way since the preponderance of people still do not understand the final destination, much less the path we are on here Only 4% of the people worldwide have yet even purchased any cryptocurrency, and a lesser percentage of those understand much about them Many of us are distracted and obsessed with ideas handed to us by the media and think of the dark web and organized crime when a friend mentions crypto� Others dwell on the many features of Blockchain and crypto instead of the higher principles they represent Some of us are conceptually hardened into our ways and may never understand I call it "Psychoslcerosis," or hardening of the attitudes

One of the most innovative features of Bitcoin's design is that it is a tool for freedom and liberty, but it is dressed up by many who have bought it as a

scheme to make money fast� As a result of "crypto," many schemes have been marketed as tools for economic freedom while speeding up the process of getting rich Well, Bitcoin and crypto may be that for some, but the underlying conceptual foundation has the power to change the world in ways that are sorely needed to fix a lot of major problems. So far, among crypto users, most of us are only looking to make a quick buck and fail to grasp or care about the historical significance of the movement

For all the convictions Bitcoin maximalists hold, it also overlooks the point The central tenet of maximalists is that no other tokens besides Bitcoin should exist or be allowed to exist. This is just monopolistic thinking applied to Bitcoin Well, who can blame them? It's all most of us know We have endured the ideologies of our surroundings since we first became aware. It is all we are familiar with Money is often viewed as the root of all evil due to this narrowminded perspective

Changing the money system can be a heroic first step towards repairing the corruption of monopoly and the power it wields Still, it shouldn't be misinterpreted as a universal cure for all

35 www.cryptoweeklymag.com November 2022 | Volume 46
EDITORIAL

problems. While there is no doubt that the corruption of money is a serious issue, even the most casual glance on human history reveals that it is certainly not the only issue, nor is it even the most serious issue facing society today

In the story of humankind, gang violence and organized crime have played a significant role.

All the world's countries, to a significant degree since the beginning of cities, have run things by brute force for the most part though there have been some anomalous occurrences Even countries that espouse democracy still struggle with the issue We have always had our bullies ruling the world, or those who demand handouts from the people and normalized as an infringing amount of taxes But they are taken by threat and force� They are monopolies beyond our control that use us for whatever ends they desire at the time� That's just the way it is. We are born into it.

It was then that Satoshi and others who helped him came along� After writing and developing some lines of code From all over the world, tens of thousands of miners appeared, people who were devoted to the principles and function of cryptography and making a living at it Not the men

involved in its creation

The work of Satoshi Nakamoto showed us that a decentralized consensus system could be used in a real-world situation to coordinate and mobilize power.

In summary, by taking this to its logical conclusion, we can and will replace tyrants and bullies with rules based on consensus instead of power struggles

Merely taking the power of money creation and the monopolistic influence that comes from it away from government control It will produce a much-needed change in the world There might not be a complete end to violence, power, and policing in our society, but we no longer need a state monopoly to prevent chaos and violence from spreading We can do it all ourselves with the most magical Wizards tool of them all, Blockchain No, it doesn't have to be Bitcoin itself that dominates There may be better things that come along that will be taken up for various reasons Whichever is best will rise up and show its usefulness

With free market incentives and voluntary participation, we will construct new institutions of governance based on Satoshi's ideas. Blockchains, Decentralized Autonomous Organizations (DAOs), and P2P networks are the opposite of

monopolies; they compete for users and members. We will be masters of creating code that enables us rather than the opposite We aim to develop a world where all property, just like Bitcoin, will be cryptographically proven, enforced, and immutable so that we can be more secure than ever without all the intermediaries with their hands in the pot taking our money along the way To do so, we will build systems that incentivize and coordinate decentralized "police and government authority" Since these employees of a free people will not have the power to create money anytime they feel like it as in the past, they won't be able to call a war.

The world will replace the state with crypto, not because it is right, but because it is most productive and profitable. It will all happen naturally once we realize we can do the same with governments as with money There won't even

be any violence. It comes from playing the rules of the game The advanced blockchain codes we live by ensuring no one is slighted or left behind. No one's boundaries or privacy need be infringed upon Well, we will see what it's like when we get there We are on our way, just as sure as the ocean's waves will never stop hitting the beach.

Satoshi gave the world a gift and left When we reach the destination, we'll see how everything comes together, but certainly, the world will be a better place. It will help humanity evolve by throwing off the central powers that monopolize us peacefully and naturally� With them gone, may there be enough peace and prosperity for all? Who knows, I have heard in time, the sins of the fathers supposedly quit visiting the generations when you have lived in the light long enough Or so someone said This is why Satoshi brought us Bitcoin.

36 www.cryptoweeklymag.com November 2022 | Volume 46
EDITORIAL
ONLINE SOCIAL NFT GAME Initial Room Offering First And Only Real Estate Sale Different Rarities CRYPTOPOLIS Sign up for the whitelist today for a chance to win a Rolex Datejust 41, approx. value $15.000 USD “The Sims Of Web3” “1380 Rooms For Sale”

It's Now Easy to Create Ethereum NFT DAOs with Zora's Nouns Builder

Apioneer of the blocky 8-bit design style, CryptoPunks, was one of the first NFT collections to feature pixel art� As a result of the collection's innovative distribution method and open-source IP, Nouns' signature pixelated specs have been featured everywhere, from beer cans to movies, illustrating How Nouns is shaking things up�

Nouns is a multimilliondollar decentralized brand, and here's how it works Nouns are a profile picture (PFP) collection, the set of NFTs used as a user's profile image on social

networks Nouns DAO, a decentralized autonomous organization, is a starting point for Nouns The collection is owned by Nouns DAO and consists of cryptographically unique non-fungible tokens (NFTs).

In addition to being a creative experiment on Ethereum, Nouns aims to improve how communities interact on-chain By building and supporting public goods, the Nouns DAO uses its treasury Many initiatives have been funded by Nouns DAO over the years, including naming a new frog species and donating to charity. The first Nouns NFT

(which features a fox head and pink glasses) has been sold at an Ethereum auction in a little over a year The DAO now holds just over 29,000 ETH (about $45 million) in its treasury

Currently, this model is being expanded by the NFT platform Zora, which allows anyone to create an NFT-driven DAO and extends this concept to almost any project similarly Through Nouns Builder, Zora creates a Nouns-like Web3 organization that raises money for a treasury controlled by buyers by auctioning NFT artwork, collectibles, and access

passes Essentially, it provides an open-source, turnkey solution that does not require coding to simplify the launch of Ethereum DAOs�

Zora co-founder Jacob Horne explained that Nouns Builder adheres to Web3's decentralized philosophy� It has now been easier for creators to use the Nouns model with Zora, which does not require engineers to fork and modify the code

Each day, Nouns auctions off a pixel-by-pixel profile picture (PFP) in the NFT market, which reached new heights in August

38 www.cryptoweeklymag.com November 2022 | Volume 46 NFT FEATURE

2021 Initially, collectors bought in on the platform because the auctions occur once daily, and the prices are eye-popping Some NFTs can fetch up to $100,000 in ETH

Each owner of an NFT becomes a DAO member, essentially a tokenized community with a common treasury The Nouns community used its ample funding to feature Nouns imagery in a Bud Light commercial and indie movie, among other communityapproved projects.

Due to its tightly aligned incentives, Nouns has proven the NFT-driven model at a high level Owners are responsible for building and maintaining the Nouns brand.

According to Horne, the "devs do something" meme has been circulating on Twitter; with the Nouns model, members can't depend on external development teams Horne believes the model "answers many structural

problems" with large-scale profile picture projects, such as Bored Ape Yacht Club, CryptoPunks, and Doodles, each spanning 10,000 NFTs Furthermore, he suggested that NFTbased memberships and gradual expansion facilitate steadier growth and increased activity than typical token-based DAOs.

"The term DAO is used widely, but in practice, I do not know if we have actually seen any There are a lot of tokens out there Horne saw few organizations in the DAO landscape, noting a lack of on-chain participation in proposals with many of these communities "My hot take," he added, "is that Nouns may be the first functioning DAO in its true sense "

Zora believes the model still works for many organizations, even if most DAOs cannot raise millions of dollars selling NFTs as Nouns have Artwork-collecting DAOs, communities that support

a protocol or platform, and Nouns-like DAOs that spread memes are all examples of DAOs that could benefit from the model

A new era begins for Nouns Builder

There have already been some new creators joining Nouns Builder since it launched on the Ethereum mainnet last week Farcaster, a decentralized social media protocol, is advancing with Purple DAO, an example of such a community Purple DAO auctions a simple, identical purple block every day as an access pass to that community�

Buyers are raising cash for proposals from the Farcaster community to further the ecosystem Of course, there is no art involved in that case: it's about improving the community's living conditions Nouns Builder can be customized for different project types using different auction cadences and

incentive tweaks, so it can potentially be used for any purpose, Horne said

The Zora platform also launched Builder DAO, letting members control the tool's future protocol and use Nouns Builder To seed Builder DAO and enable further development and support of Nouns Builder, the build team recently submitted a grant proposal to the Nouns DAO

The company was founded by three Coinbase veterans in 2020 and recently raised $50 million at a valuation of $600 million. Over 1.1 million NFTs have been minted through the platform's protocol, and the startup has long helped creators build community through Web3. It has evolved into Nouns Builder As much creativity as possible will be brought on-chain, Horne said We've never seen communities come on-chain in such a way before."

39 www.cryptoweeklymag.com November 2022 | Volume 46 NFT FEATURE

Developed on Secret Network, Shade Protocol consists of a network of privacypreserving Dapps Due to the high speed of the Secret Network,

Shade has not only created a product that is privacy-friendly, scalable, and interoperable, but is also very easy to use.

Despite their inherent security, traditional stablecoins, such as those pegged to gold or fiat, have a major weakness; they lack privacy. Using a stablecoin means that the merchant knows far more about you than with a credit card or debit card, allowing them to discriminate against you

Based on the Secret Network and SNIP20 private and fungible token standard, SILK gives

holders the option to make their transactions private or public. With advanced flexibility and auditable privacy, SILK is a 4th generation stablecoin.

Since inflation remains a growing concern globally, Shade Protocol offers a stablecoin that doesn't adhere to a single fiat currency or asset, but can react to global trends as they change With Shade Protocol, everything will be under one umbrella, including a decentralized exchange

As governments consider how to interact and use cryptocurrencies, and more nations adopt cryptocurrencies as a hedge against inflation, at the same time the world's population becomes more familiar with cryptocurrency, stablecoins will remain a major topic of discussion. The answer to the question of what a stablecoin should be, can be found in SILK.

A social game where you can collect, earn, win, and display your NFTs while playing and socializing with your friends

The vision of Cryptopolis is to make managing digital assets fun. Cryptopolis strongly believes in the future of crypto gaming. Being able to have fun and make money at the same time is not a utopian dream anymore

It is here And Cryptopolis wants to make it the most fun for any adult to do so Play-to-earn is the approach we chose because Cryptopolis believes anyone should be able to acquire Cryptopolis NFT's Cryptopolis merges the Sims-like mechanics with room decorating

and social interaction In Cryptopolis your NFT collection and in-game experience get you to the top of the tower Make real money with the $CPO tokens by winning wager matches throughout the Tower, buying and selling NFT's, and winning tournaments The future of NFT gaming is here

Cryptopolis is free-to-play & play-to-earn. An online social platform with a blockchain back end and an associated cryptocurrency ($CPO) - Cryptopolis has a progression system based on acquiring resources, items (as NFTs), and prestige - Where players connect with each other and perform activities together But they also compete with each other for ingame standing (prestige) and $CPO in various minigames. Cryptopolis is the first gamified social platform whose users can earn real money by playing and trading NFTs.

40 www.cryptoweeklymag.com November 2022 | Volume 46
shadeprotocol cryptopolisgame Shade_Protocol CryptopolisGame PROJECT 1 PROJECT 2 Shade Protocol (SHD) SILK Cryptopolis ($CPO) ShadeProtocol CryptopolisGame HIDDEN GEMS
41 www.cryptoweeklymag.com November 2022 | Volume 46 www.estatex.eu CLICK HERE www.estatex.eu

PROJECT 3

Sale

Cookie Sale launched in February 2022, and aims to become one of the biggest launchpads for tokens on the BSC With its sleek design and easy-to-use interface, CookieSale looks to be adaptable and adoptable for developers and a safe environment for investors CookieSale works side by side with Kodi’s marketing & advertising agency Pitch. This benefits developers and holders of Kodi as well As a developer, you will be able to use CookieSale as an “A to Z” platform

From advertising to zhooshing up your “cookie” there will be something that satisfies almost anyone’s tastes. As a Kodi holder, a percentage of the revenue generated through

4

Kodi’s mission is to create a one-stop-shop IDO platform and provide investors with an interactive Entertainment Network that will keep users engaged, informed, and entertained while investing in the crypto space

Clear Vision

Kodi`s vision is to create an ecosystem that will be a driver in promoting a safer economic environment for crypto investors to participate in and for developers to grow their projects. Kodi is creating an industry-first Entertainment Network that will become THE place for crypto investors to socialize, have fun, win prizes, and learn about everything crypto. Is there anything more about Kodi? How do you, as an investor benefit? Kodi by itself, is an entertainment project. Kodi plays games post podcasts, do AMAs, have tournaments, live streams, and play plenty of music. At Kodi there are two subsidiaries. "Pitch" being the in-house advertising agency, which is a one-stop shop, all things content creation, both in crypto and fiat. Branding, websites, commercials, you name it Kodi does it The Pitch Advertising Agency and

CookieSale will be bought back into Kodi and then airdropped to holders, holding 10 million or more Kodi tokens

Backed by powerful auditing companies such as Certik, SpyWolf, Brewlabs, Dessert Finance, Contract Checker, and HashEx developers will be able to choose between three pre-audited contracts or create their own and have it audited separately Other key features include liquidity locking, anti-bot features, custom airdrops, visual cues to aid in identifying safer investments, and more

One notable feature that stands out amongst other launchpads is that CookieSale will only charge a flat fee for listing. Developers will be able to launch the right way, without the fear of a large sell from the launchpad taking profit.

CookieSale launchpad Cookie Sale will work in unison to become the go-to destinations for developers to build their brands and launch their projects With Cookie Sale, you can launch your project from A to Z. Gone are the days of taking your token supply Kodi simply charges a flat fee, no strings attached.

So how do you benefit as a holder? Well, if you're, a holder of at least ten million KODI you receive BNB, rewards automatically deposited into your wallet You also can participate in Kodi`s weekly games where you can win, BNB for free But here's where things get really exciting Two percent of every transaction goes straight into the Kodi treasury contract The treasury buys back Kodi tokens, creating an increase in price, and stores them in the treasury Twenty percent of these tokens are burnt and 80% gets used to top up the staking pools as needed revenue generated through pitch and cookie sale also gets added to the treasury contract This creates the everincreasing price floor, whilst also removing tokens from circulation Go say hi on their telegram community, or check out their website at Kodicoin.com.

42 www.cryptoweeklymag.com November 2022 | Volume 46
cookiesale kodicoin cookiesaleio kodi_coin
PROJECT
Kodi (KODI) cookiesale kodicoinofficial HIDDEN GEMS
Cookie

Blockchain is Among the Greatest Innovations in History

Here is a brief synopsis of what can be done with blockchain and cryptocurrencies right now and how that works

Although most people are aware of Bitcoin they need to become more familiar with the platform infrastructure on which it is built. People can communicate and share knowledge in new ways thanks to inventions like the printing press, the radio, and the internet Blockchain technology often builds on these

inventions Blockchain technology allows knowledge, data, and information to be secured and distributed without being altered, interfered with, or manipulated

Even though there are many contenders for the title of the most important invention, some people believe blockchain is one

of the most important In a very short time, blockchains will be a part of the lives of everyone with access to technology, regardless of how complex their concept is and how they work� The importance of blockchain technology in the early twenty-first century can be seen in the reasons provided below.

A blockchain is a highly-distributed, leaderless, juristictionless, decentralized architecture for managing ownership� Blockchains are nothing more than records of online transactions� Each node on the blockchain shares the public ledger, which all the parties share on the network Users must vote by consensus for it

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to be updated. In addition, once added, the history cannot be removed.

So how did Bitcoin come to be created? Bitcoin is a currency without a national affiliation which has the potential to disrupt the banking sector. It is entirely impossible to replicate the ledger that makes up the blockchain outside of the set "mining" process that generates units of each currency in a heavily decentralized system, which is why it is so strong Because quantities of the currency can be accurately recorded without the help of a central bank, the ownership can be reliably and verifiably recorded with no possibility of error.

HERE ARE SOME OF THE POTENTIAL USES OF BLOCKCHAIN.

performed by specialized people (such as Public Notaries) to verify the authenticity of documents

Trading

Many types of intangible "digital" assets can be created, stored, and traded on decentralized networks without the need for nation-based or bankbased trading platforms.

• Personal information

Through blockchain technology, escrow can be initiated by transferring funds to the escrow service's virtual currency wallet, enabling a transaction between three parties - the parties involved in the transaction and the escrow service For all types of transactions, "signature" and escrow arrangements can be created and verified. Settlement agents would fall under this category

blockchain technology. Several companies, for example, use distributed ledgers to track perishable goods and measure moisture and temperature

Managing supply chains efficiently is a critical concern Suppliers, manufacturers, distributors, and retailers are all connected in a supply chain Many supply chain activities can be tracked with blockchain technology, including raw materials, sourcing, production methods, transportation times, and payments

Real Estate

contracts would reduce transaction costs by eliminating overheads and speeding up the process for clients

Voting

A voting system can be set up to allow anonymous voting, and all participants can accurately record and cross-check the votes. With blockchain, there will be no chance of voter fraud and never any reason to contest an election

Accountability

Notary services

The use of blockchain applications can replace services previously

Supply chain management

We can track the movement of goods using

The world's largest asset class is real estate Real estate professionals recognize blockchain technology's transformative impact on retail and commercial property sales, payments, and access to funds and investments in real estate�

Smart Contracts

With smart contracts, contracting parties can create agreements that third parties cannot amend without the participation of both parties� Smart contracts can be created on platforms such as Ethereum� As lawyers craft or adjudicate autoexecuting arrangements, smart contracts could bring about changes in the legal industry Streamlining

Tracking government funds and holding entities accountable for their spending can be achieved through blockchain technology A large amount of money can disappear without a trace when it is falsely reported It is impossible to change or withhold information once it is secured and distributed.

Decentralised Organizations

When using decentralized organizations, voting and dividend rights can be distributed similarly to traditional organizations It may be difficult to define ultimate responsibility, and if an organization's management is automatic, legal systems would not have to determine "who" is responsible if laws are broken. A company of this nature may never be in

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doubt of its legal status.

Government

Many critical issues exist regarding government processes and infrastructure, including lack of efficiency, unethical practices, corruption, unnecessary expenditures, distrust, and security All of these issues can be significantly reduced by blockchain technology. Accountability can be increased by making records of politicians' votes on the public allocation of public funds.

If necessary, resources can be tracked, accounted for, and transferred Taxes on payroll can be collected more efficiently, and data about businesses and citizens can be more securely stored. Furthermore, banks could settle intrabank loans in real-time instead of waiting until the close of the day, resulting in more transactions and increasing performance

Intellectual property

Intellectual property ownership could be similarly recorded via a decentralized ledger Property rights could be transferred individually through tokens In addition to providing evidence of the time of creation, rights management information (if applicable), and jurisdictional requirements, blockchain technology

can also assist in creating a register of unregistered IP rights, including unregistered design rights and copyright

Medicine

Blockchain can significantly benefit the healthcare industry

While blockchain technology can improve medical knowledge and information-sharing systems, it cannot directly improve human health Blockchain technology could improve lives and treatment plans by integrating it into the healthcare system, as some projects seek to do.

Insurance

Insurance providers are exploring blockchain technology as a way to integrate their products and systems For example, insurance providers could use a blockchain to customize products and reduce fraud Data and insurance claims can be stored and maintained safely and accurately

A blockchain could be used to securely store client health information, which could be uploaded each time a patient is seen. The blockchain could send insurance companies requests via smart contracts, which could instantly approve or disapprove care Other insurance processes

could also be streamlined, such as finding the right coverage and filing claims.

Trusts

A 'registry of beneficiaries' under a Family Trust can be safely and accurately stored and maintained As a result of blockchain technology, participants have relatively unfettered access to their records, which cuts down on time and effort spent on endless to-ing and froing Blockchain as a peerto-peer technology also eliminates the need for intermediaries

Investment

Blockchain technology was used to create cryptocurrency, but because it had exchangeable value, its value fluctuated due to its exchangeable

nature Investors saw an opportunity when people began buying it, causing demand to rise, prices to rise, and investors were able to profit. It is now common for investors to purchase cryptocurrencies as investments Traders also use it to profit from price movements�

Finance

Banking and lending are being revolutionized by blockchain technology. Besides creating ways for consumers to lend to one another, a number of companies have emerged using the blockchain as part of their loan approval process to reduce costs significantly. Due to the lack of lawyers, banks, paperwork, and other lengthy procedures, costs are reduced

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Even though money is among the most important things in the world for the people using it, many issues are associated with its use In order to fulfill their aspirations of wealth, many people resort to illegal or unethical means to become wealthy. The financial industry is rife with temptations; there is always an abundance of money circulating worldwide, which never seems to be enough. It is important to manage capital in a way that eliminates the possibility of engaging in unethical behavior.

By eliminating the risk of double spending or duplication of assets, blockchain can resolve corruption issues within financial systems. A block is approved by consensus between nodes that manage "a permanent ledger of transactions" and initiate, execute, record, encrypt, verify, and store transactions�

Currency

Creating blockchain and cryptocurrency was primarily driven by the desire to create a decentralized method of exchanging value, that is, transferring money for services or goods

Thus, it can reduce the number of third parties in our bloated and high-

cost financial system, including banks, payment processors, payment gateways, and settlement banks. People without access to financial instruments like loans or other services can also access them through blockchain.

If financial systems collapse, cryptocurrency can be used and provide a solid foundation moving forward in a completely fair, transparent, and auditable way, guaranteeing that the people will never be cheated by wayward governments ever again Every transaction in such a monetary system will be recorded on the blockchain, and there will be no place for government servants of the people to hide Contrary to the fear governments are actively trying to impose about cryptocurrency and blockchain, using the technology can be the opposite of anonymous when it is programmed into the immutable code. Regarding the people, a separate anonymizing blockchain that is just as anonymous as paper money can be used.

Fiat is the favored money of organized crime and governments worldwide because it is anonymous and not the other way around. Another bonus

for using blockchain for government use is that they will not have any option to print more money or create more crypto tokens whenever the whim arises, thus eliminating future governments of the world from calling a war any time they feel the impulse Power to the people!

QUESTIONS OR CONCERNS

Blockchain technology still needs to be widely accepted Governments do not like it because it grants the people power governments covet and never want the people to have—the power over the sweat of our brow. Governments have used the people from their beginning since the founding of the first cities to be a middleman between the fruits of their hard work and intercept their money for their own uses They even create the money we use, thus robbing the people they supposedly serve and causing inflation as a result. Distributed ledgers, from which blockchains evolved, have been used by many enterprises for years in permissioned settings. As a distributed ledger, blockchain uses immutable and unalterable code to reach a consensus about its state that cannot be forged or altered

Researchers and scientists used encryption methods to establish consensus about the state of a ledger by using "consensus mechanisms " These mechanisms are called "proof of work" and "proof of stake " There are issues because of "proof of work" due to the amount of energy the consensus uses; however, secondlayer chains working on top of such mechanisms can drastically reduce the problem.

This high energy use has caused the blockchain industry to invest heavily in green energy, which has caused a significant downward trend in the cost of developing green energy systems, spurring the adoption of the technology around the world It is no longer profitable to build electrical power plants that use coal, oil, or gas over building green energy power plants For this reason, the most energyinefficient blockchain of them all, bitcoin, may actually be helping to save the world rather than the other way around This is besides its proclivity to separate the state from its power over our money

Modern financial systems confirm thousands of transactions every second, while blockchains need to catch up Transaction

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confirmation times for blockchains can range from dozens to thousands per second, which is slower than centralized systems However, many developers are working to speed up transactions across the networks, and progress is being made.

PUTTING IT ALL TOGETHER

Inventions that have been influential throughout history have a wide range of applications Since the internet became popular in the 1990s, it has profoundly impacted virtually every aspect of business and personal life. As with the internet and other inventions that came before it, blockchain offers endless applications

The potential uses for the blockchain are numerous and have the potential to make the world a more level playing field for everyone. Of course, whenever there is a system change, we need to understand how it happens, certify the process, and work out how laws need to be changed and what new laws are needed to regulate how the new system would run This process should always be democratic in nature and thus fair to all parties involved

Unfortunately, the technology has potentially

deadly uses, such as the feared anonymous financing of terrorism and the facilitation of narcotic sales Nevertheless, the same is also done with fiat. Due to its anonymous nature, the U S dollar is currently the most favored of them all for such illicit activities No one knows when we spend a dollar at the grocery using fiat cash Bitcoin is one of the worst choices for any criminal due to the public ledger it is made from Any transaction is recorded forever on the blockchain and cannot be altered. As has been verified and confirmed, issues like the U S Pentagon losing hundreds of billions of dollars without a trace will be impossible.

This is not technology that can be stopped or will go away on its own due to its decentralized nature No government can create a law and just stop it in its tracks because no government rules the entire world at this point� Cryptocurrencies and the four blockchains most of them are based on right now will ensure that they continue and are already a part of everyone's world� There are just around a thousand blockchains at this time in history, but most are not used for one reason or another Many of the vast numbers of cryptocurrencies were only created for the

developer to fleece an unsuspecting public and profit. Most of those never last very long, but they still exist to be counted among the cryptos out there

The blockchains that are the most useful for development or used for cryptocurrencies have risen to the top simply because they are the best for the jobs they are used for There are over 21,000 cryptocurrencies, with more coming seemingly every day, most of which have yet to be used by many either� It is a form of natural selection. The best will show themselves and be assimilated according to their usefulness The debate on the ethics and rules for the various uses of the blockchain is something that thinkers worldwide need to consider

We all recognize that we need systems of governance in order for society and civilization to work Decentralized Autonomous

Organizations or "DAOs" will take the place of governments over time as a natural evolutionary process that cannot be stopped. The people who have freely chosen to become members of these organizations will make the rules from truly democratized consensus and govern the world from the bottom up instead of the other way around

Some may say where will we get roads or provide a social safety net? New ways of accomplishing the needs of humanity will evolve away from the "bully force" imposed by the old paradigms simply because they work better and are more profitable and efficient. The whole world calls that "the survival of the fittest." We will not have to throw out our governments entirely They will simply become more honest, accountable, and efficient, unable to take the powers for themselves that truly belong to the people they serve That is the promise of blockchain.

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Dcentralize Welcomes New Team Members, Announces Rebrand & Partners Kujira, Riot Labs, Zebu Live & More!

Dcentralize is building the first ‘one-stop-shop’ Web3 music ecosystem incorporating streaming services, live IRL & AR events, ticketing, an NFT marketplace, and an education and engagement launchpad for fans and artists.

Decentralize, the rising star of the Web3 music scene is on fire right now! In the last two weeks

Decentralize has hosted several red-hot afterparties for NFT London, unleashed a striking new brand identity and welcomed two powerful women to their leadership team, Dr Amber Ghaddar & Mariana Brandao.

Furthermore, Decentralize is excited to announce five new sponsors and partners to its evergrowing list

Dr Amber Ghaddar - who has animpressive track record in finance and crypto, and a passion for music, dance & art - joins DCentralize as

Exec Chair and will work with the leadership team to support its strategic mission. Founder & CIO at AllianceBlock, and founder of the femalefocused accelerator The 200bn Club, Amber is a well-recognised thought leader on governance and tokenomic models, and was featured in the Women in Crypto Powerlist 2020 by the Fintech Times, Innovate UK Fintech Senior Leaders Standout 2021 and Top Women in Crypto 2022�

Mariana Brandao joins the Dcentralize team as Music & Entertainment Business Development She has occupied numerous key roles in the entertainment and music industry with the

48 www.cryptoweeklymag.com November 2022 | Volume 46 For sponsorship and partnership information, please contact george@dcentralize io

likes of Anglo Management, Pacha & Creamfields Brazil, Embrace Music, Rock in Rio Festival, Liberty Music PR and Paramount Artists

Mariana is a respected and experienced personality within Web3 music, regularly speaking at industry conferences such as NFT London Rounding off in style what has

Dcentralize is delighted to welcome five new sponsors and partners to its ever-growing list: Kujira is a Cosmos Layer 1 platform for communityselected projects creating true value Riot Labs produces award-winning premium

been a busy few weeks, Dcentralize completed the rollout of its new branding, which was developed with Muuv Creative, an industryleading brand design agency for Web3focussed clients

Co-Founder and Creative Director Dan Healy said “We’re delighted we could play an integral part of

Dcentralize’s journey, focusing their vision in a powerful strategic direction, and arming them with emotional brand messaging and a suite of stunning creative assets.”

The branding was released across the Dcentralize social channels in time

for NFT.London, where the team hosted six afterparties in four days, in partnership with fellow Web3 heroes Stargaze, Artshelp, Pixelynx, Nickel Factory, Rekt Gang, melon.ooo & Space Ape Society at venues including Arcade Apes, PS Labs, The Ned & Leake Street Arches.

e-liquid and sustainable disposable e-cigarettes in over 80 countries worldwide, as part of their mission to create a smoke-free world Zebu Live is the UK’s leading Web3 event’s brand, with a mission to foster mainstream

adoption of crypto and blockchain tech, and push the boundaries of innovation

CryptoWeeklyMag.com is the up-to-date online resource for crypto news, while Crypto Weekly Magazine provides a retrospective and leftfield

digest on the previous week's crypto news stories

Nickel Factory is a unique startup on a mission to bring decentralized communities closer together through immersive and interactive IRL events

Dcentralize Founder Ian Kerr says: “It’s been a busy and exciting few weeks for Decentralize. Our feet have hardly touched the ground! We’re absolutely delighted to welcome Dr Amber and Mariana to our 28-strong (and growing) team, and we have no doubt they will provide invaluable experience and knowledge to enable us to achieve our strategic objectives. With our fantastic new branding launched and new sponsors on board, the positive developments for Dcentralize just keep on coming… and we’re only just getting warmed up!”

Dcentralize’s flagship event is a hybrid music festival and conference that will be held at Prestwold Hall Estate in August 2023. The live event will be streamed simultaneously in a custom-built metaverse hosted by Passage. Dcentralize’s Web3 music ecosystem services - including a ticketing platform, an NFT marketplace, and a music streaming platform - will be launched during Q1 and Q2 of 2023.

Website: https://www.dcentralize.io

Twitter: https://twitter.com/Dcentralizeio

Telegram: https://t.me/DCentralizeio

For sponsorship and partnership information, please contact george@dcentralize io

49
November 2022 | Volume 46
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of the week

Bringing DeFi to Bitcoin with Chad Barraford and

Erik

Voorhees

The Darwinian Nature of Finacial Literacy

50 www.cryptoweeklymag.com November 2022 | Volume 46
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