The 5 weirdest crypto stories of 2021

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The crypto market is a wild and unpredictable beast, with the potential to go through huge swings in value. Our list of 5 strange stories from this year highlights some of the more interesting developments that have happened already. The first story on our list saw one company launch an ICO for its own cryptocurrency- which was immediately hacked into $50 million worth.

The “crazy crypto stories” is a list of the 5 weirdest crypto stories that are expected to happen in 2021. These stories include the first use of cryptocurrency for space travel, and a new type of blockchain called “The Internet of Value.”

The 5 weirdest crypto stories of 2021

Cryptocurrency market capitalization increased by 286 percent year over year in 2021, propelling a $2.17 trillion business into the stratosphere. However, with this massive wealth creation comes an avalanche of strange stories from all around the industry. From the strange deaths of many crypto-evangelists to crypto frauds involving hacked Twitter accounts of leaders of state, 2021 was a crazy year for bitcoin cyberspace. Let’s take a look at some of the craziest tales that have fascinated blockchain aficionados this year.

No. 1: John McAfee’s death

On June 23, crypto-evangelist John McAfee, the namesake creator of the antivirus software business McAfee, was discovered dead in a Spanish prison cell, perhaps by hanging. The US had been seeking McAfee’s extradition for failing to file his income tax returns from 2014 to 2018 and allegedly not reporting income from his crypto projects. The US is one of the few countries that imposes a taxation-by-citizenship regime, which means that Americans are taxed on their worldwide income each year regardless of their country of residence. McAfee was detained in Spain on suspicion of tax evasion in the United States. McAfee reportedly charged up to $105,000 per Tweet in 2018 to promote initial coin offers (ICOs) on social media.

McAfee had already declared in a Tweet two years prior: “If I didn’t commit suicide, I didn’t.” “I got whacked,” the businessman said, prompting conspiracy claims that his death was the result of a premeditated assault. McAfee is known for his groundbreaking programming efforts, early acceptance of Bitcoin (BTC), and quirky attitude. He famously said that if the price of BTC would not reach $500,000 by 2020, he would “eat [his own] dick on public television.” Private investors paid $14 billion for McAfee’s original software development firm in November. Janice McAfee, McAfee’s spouse, and his children survive him (of which McAfee claimed to have at least 47).

John’s 76th birthday would have been today. As we wait for word from the courts, I’d like to share some of my favorite John memories with you. Please use the hashtags #JohnMcAfeeDidNotKillHimself & #JusticeForJohnMcAfee to post any images you may have taken of or with John. pic.twitter.com/5iEQCTi7zx

September 18, 2021 — Janice McAfee (@theemrsmcafee)

In December, fraudsters hacked Indian Prime Minister Narendra Modi’s Twitter account, saying that India had embraced Bitcoin as its national currency and that 500 BTC were ready for instant distribution to Indian people who signed up through a phishing link. Before it was taken down, the tweet was visible to the whole public and Modi’s 73.4 million followers. A hacker organization known as “John Wick” hacked the prime minister’s Twitter account last year and posted messages requesting cryptocurrency payments from his followers.

There are many theories as to why Modi was the target of these Bitcoin scam hacking. One suspected motivation was retaliation for India’s Karnataka state’s current Bitcoin issue. According to Indian media reports, hacker Srikrishna Ramesh, who was detained for hacking three crypto exchanges and other websites in the previous years, reportedly collected 12,900 BTC in bribes from Karnataka police and government officials. When Karnataka Chief Minister Basavaraj Bommai confronted Modi about the matter during a November meeting, the prime minister reportedly shrugged it off. In terms of the situation of cryptocurrency in India, the regulatory landscape is presently unstable.

The 5 weirdest crypto stories of 2021

Narendra Modi’s Bitcoin Tweet has been removed | India Today / Twitter

No. 3: “Uno Reverse” by the ConstitutionDAO

A group of retail investors founded a decentralized autonomous organization, or DAO, in November with the goal of pooling funds to buy the final privately-owned first-edition print copy of the United States Constitution at a Sotheby’s public auction. Constitution DAO earned $49 million from 17,437 participants via Ether (ETH) contributions. On the day of the auction, however, Ken Griffin, CEO of Citadel, whose business controlled hedge funds that shorted Gamestop shares, much to the chagrin of many retail investors advocating the stock, outbid the piece of the constitution.

Shortly after, the ConstitutionDAO was abolished, and its stakeholders were given refunds. While the “proletariat” investors may have nothing to lose except their chains, it’s apparent that the “bourgeois” will not let them go so easy.

hi frens,

After the auction, we recently sent out the last round of reimbursements to individuals who donated directly to juicebox. You should have received your reimbursement by now if you donated after the auction and before the previously communicated cutoff date of December 6th. https://t.co/g7u2ENSoYE

December 11, 2021 — ConstitutionDAO (,) (@ConstitutionDAO)

No. 4: Elon Musk, Tesla Motors, and Bitcoin

This year has been a roller coaster journey for cryptocurrencies, thanks in part to Tesla CEO Elon Musk. Apart from promoting digital meme currencies like Dogecoin (DOGE), Musk’s indecisiveness when it came to Tesla’s Bitcoin adoption built and destroyed countless fortunes.

Musk sparked a buying frenzy among investors in March when he announced that Tesla would take Bitcoin as payment for its electric automobiles. After Musk withdrew the plans, citing environmental problems with network mining, the momentum reversed and transformed into a full-fledged market meltdown two months later. Then, in October, Tesla said that it might examine integrating Bitcoin as a payment mechanism. Musk, on the other hand, grew in popularity as a helmsman, guiding retail investors and crypto aficionados alike through the financial markets’ storms. Times Magazine just named him Person of the Year.

pic.twitter.com/YSswJmVZhP Tesla & Bitcoin

May 12, 2021 — Elon Musk (@elonmusk)

No. 5: Tupac Shakur’s unsold NFTs

Former hip-hop writer Lawrence “Loupy D” Dotson kept a collection of Tupac Shakur images for 29 years. The images were shot during the rapper’s “2Pacalypse Now” debut album release party in 1992 and were made available for public auction in November of this year in the form of nonfungible tokens, or NFTs. “I also considered picture displays, museums, all sorts of techniques,” Loupy D said in an interview with Cointelegraph. It’s not only about the asset with NFTs; it’s also about the narrative behind the asset. I realized I had to get my tale in front of the public.”

RollingStone and Fortune.com were among the publications that covered the OpenSea auction in advance. The auction went on for another week. The 18 Tupac picture NFTs, on the other hand, did not sell a single piece. Loupy D was so disappointed that he pulled them off the site and made them available for private investigations. However, the photographer may have asked for too much, since each NFT artwork had a minimum price of 25 ETH ($100,000). Another artist requested 200 ETH ($1 million at the time) for a photograph of Tupac Shakur taken 14 days before he was killed in a drive-by shooting earlier this year. Despite the price plummeting to 10 ETH, that NFT has not sold. Is it just me, or has Tupac’s appeal waned? You make the decision. 

The #tupac #nfts didn’t sell in #opensea’s auction, but as they say, #tmc sells. For further information, see the link in my bio. https://t.co/QvPaMbDawQ pic.twitter.com/p8mc2MRSlc

30 November 2021 — Loupy D (@loupyd)

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The “craziest crypto” is a list of the 5 weirdest stories in cryptocurrency that happened in the first half of 2021. The article includes an introduction, which explains what the craziest crypto story is and how it was resolved.

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Emilia James
By Emilia James

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