bitcoin

Crypto and the US Government Are Headed for a Decisive Showdown

Crypto and the US Government Are Headed for a Decisive Showdown

Perhaps seeing that the law is going to come for crypto sooner or later, the industry has been rallying behind an effort to pass a new regulatory framework just for crypto—one that spares the full wrath of the Howey test. Companies, including Coinbase, have petitioned the SEC to issue new, digital-currency-specific rules. In the Senate, …

Crypto and the US Government Are Headed for a Decisive Showdown Read More »

The Rise and Fall of a Bitcoin Mining Sensation

The Rise and Fall of a Bitcoin Mining Sensation

It was 8:45 in the morning of June 13 when Bill Stewart, the CEO of Maine-based bitcoin mining business Dynamics Mining, received a call from one of his employees. “He’s like, ‘Every machine inside of our facility in Brunswick [​​in Cumberland County, Maine] has been taken,’” Stewart says. “That’s crazy. I couldn’t believe it.” He …

The Rise and Fall of a Bitcoin Mining Sensation Read More »

Bitcoin Fog Case Could Put Cryptocurrency Tracing on Trial

Bitcoin Fog Case Could Put Cryptocurrency Tracing on Trial

Tools to trace cryptocurrencies have, over just the last several years, allowed law enforcement agencies to convict dark web black market administrators, recover millions in ransomware payments, sixteen billions in stolen bitcoins, and even disrupt networks of child abuse. Now one criminal defendant claims those same tools have also unjustly put him in jail for …

Bitcoin Fog Case Could Put Cryptocurrency Tracing on Trial Read More »

The Web3 Decentralization Debate Is Focused on the Wrong Question

The Web3 Decentralization Debate Is Focused on the Wrong Question

Web3 advocates promise decentralization on an unprecedented scale. Excessive centralization can stymie coordination and erode freedom, democracy, and economic dynamism—decentralization is supposed to be the remedy. But the term on its own is too vague to be a coherent end goal. Getting the job done takes the right kind of decentralization, and we worry that …

The Web3 Decentralization Debate Is Focused on the Wrong Question Read More »

Miami's Bitcoin Conference Left a Trail of Harassment

Miami’s Bitcoin Conference Left a Trail of Harassment

Now, even though there are a number of women-focused crypto spaces, Odeniran says women are still underrepresented. “I’ve been in spaces where I’m the only Black person, or the only woman, or the only Black woman,” she says. Odeniran says women need these spaces to get involved, but also for solidarity. Spaces where women are …

Miami’s Bitcoin Conference Left a Trail of Harassment Read More »

EOS Was the World's Most Hyped Blockchain.  Its Fans Want It Back

EOS Was the World’s Most Hyped Blockchain. Its Fans Want It Back

Block.one’s EOS VC deployed its money through partnerships with other investors, including Novogratz’s Galaxy Digital firm, Asia-based investors Michael Cao and Winnie Liu, London-based fund SVK Crypto, and German firm FinLab. The former Hong Kong-based employee says this was a way to “outsource” the task to these partners, rather than spend time looking for companies …

EOS Was the World’s Most Hyped Blockchain. Its Fans Want It Back Read More »

MiamiCoin Is Crashing, but It Won't Go Away

MiamiCoin Is Crashing, but It Won’t Go Away

We’re sweltering Tuesday last August, a new cryptocurrency was born. Called MiamiCoin, it was styled as a way for the crypto-savvy to support the Magic City, and maybe earn some cryptocurrency in the process. A tongue-twisting press release said that MiamiCoins were “programmable city-based tokens that unlock a new community-driven revenue stream for local governments …

MiamiCoin Is Crashing, but It Won’t Go Away Read More »