You know how you're leaning on the fence, shootin' the breeze with your favorite neighbor, and all of a sudden, from out of nowhere it seems, shit happens? The sky falls, weather breaks, a news flash interrupts your regularly scheduled programming, or the neighborhood pervert streaks across the lawn. Now you're stuck with a decision: Do you take action or pretend you didn't see those goings on?

Well, my friends, this is the #news. If you know what's good for you, you'll pretend you knew about it before it happened and just carry on with your carryings on. Filmed at 11.

Crypto News

Let's just get the big enchilada on the plate right now. Somebody went and spent $1 million on #EOS and Binance prettied herself up like it was prom night.

I can't blame her really. If someone dropped 1 million Cheezits down my tank top, I'd put on red lipstick and drop to my knees too. But I have one question. Did this bozo do that because he's really into EOS--because, let's face it, EOS hasn't exactly done anything yet--or is this some yahoo trying to manipulate EOS into taking advantage of our favorite neighborhood layabout? I mean, it's not like Binance won't take in any coin that remotely looks like Italian sausage.

Image from Pixabay.

Speaking of Yahoo!, I guess he was feeling left out. So he opened up the bedchamber and invited Bitcoin, #Litecoin, and Ethereum in for some ongoing crypto trading. Well, if you're that desparate, you might as well hook up with the Beastie Boys of crypto and shindig it until your heels break off. I mean, what have you got to lose?

Meanwhile, #BlockFi got approved to lend crypto in California, which is like buying your streetwalking heels from an upscale thrift store.

On a lighter note (is there ever a lighter note?), Coinbase added information on the top 50 #cryptocurrencies like some private eye working Southern Baptist divorce cases while Binance is hatching chickens from its new incubator. On top of that, Binance--shit, she's busy this week--backed a new stablecoin called #Terra as if that might change her reputation any.

Ripple decided he wasn't too happy with the trinity of bad banking products, so he announced a new platform merging xRapid, xCurrent, and xVia into something called Convergence. Squeal like a pig!

#tZero and #Indigogo are doing the #ICO dance. The former raised $134 million while the latter canceled theirs citing regulation and stale cheese balls. Wait, sorry about that, that's fan-controlled football. What's the difference?

On a brighter note (is there ever a brighter note?), Bitcoin shot above $7,000 (Yippee! It's safe to change your diaper again). But, like a bad call girl on a Monday night, #Tether's $500 million pearl necklace isn't doing a thing for the king of crypto. But that's not stopping #CULedger (who the hell is that?) from crashing the party. He raised 85 percent of his funding for a distributed ledger that will make credit unions feel like real banks. Time to invest in red lipstick.

Crypto Analysis

On the analysis side, most of the top 20 coins are back in the green. That's cool, cause I was getting tired of red.

Coinbase came through with a knockout blog post explaining Web 3.0. It turns out it looks a lot like Web 2.0 with more layers, and that translates into more user control, which is supposed to be what Web 1.0 looked like. But who can count with this new math?

From Coinbase.

As it turns out, the oldest blockchain in the world isn't really a blockchain. But it has an unusual hiding place.

Ever wonder why you need a physical vault for your virtual currency? Get Wired.

Electricity usage is a big deal in crypto mining. At least, talking about it is. Here's how much electricity Bitcoin, Litecoin, Bitcoin Cash, #Ethereum, and #Monero actually use. And the long-term outlook for Ethereum.

Can you imagine your children or grandchildren getting a B.S. in Bitcoin? Or, how about a Ph.D in crypto economics? I can see it now. Some young punk writing his doctoral thesis on how stablecoin mining drives the worldwide consumption of wooden nickels. If you find that appealing, put on your lipstick and take in these crypto-related college courses.

Finally, some nomadic law school graduate is here to tell you how distributed ledgers are going to replace the nation-state. And here I am thinking they already had. Pass the lipstick please.

If you want more crypto news and less horsing around, check out Blockchain Times where I serve as humble #editor. And, no, I haven't taken any wooden nickels, crypto or otherwise, to mention any of these companies by name.

#blockchaintimes #steemitbloggers #crypto #crypto-news #crypto-analysis

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While you're here, check out the backside 5 (my five latest posts):

• 5 Things You Should Know About Fundition
• Pay It Forward Curation Contest Entry for Week #22
• Farmpunk Fiction Contest, the Second
• Poetry Sunday: 'If I May Take Thy Hand' (A Modified Sestina)
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