crypto

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 »

Crypto Is Straining the Power Grid.  Congress Wants to Rein It In

Crypto Is Straining the Power Grid. Congress Wants to Rein It In

All of the companies included in the investigation were asked to explain “the impacts of your facilities on energy costs to local families and businesses,” but none could describe any existing estimates or models that tracked those impacts. Those who engaged with the question said this was because they didn’t expect to have a noticeable …

Crypto Is Straining the Power Grid. Congress Wants to Rein It In Read More »

A Bored Ape Lawsuit Won't Set the NFT Previous Seth Green Wants

A Bored Ape Lawsuit Won’t Set the NFT Previous Seth Green Wants

The first thing you should probably do if you find yourself in Seth Green’s position is not tweet about how much you’re “looking forward to previous setting debates on IP ownership & exploitation.” Green, an actor best known for his pouty portrayal of archvillain Dr. Evil’s disappointing son in the Austin Powers franchise, has become …

A Bored Ape Lawsuit Won’t Set the NFT Previous Seth Green Wants Read More »

Crypto is weathering a bitter storm.  Some still hold on for dear life.

Crypto is weathering a bitter storm. Some still hold on for dear life.

Stablecoins, as the name suggests, are designed to be the rocks of the crypto ecosystem, pegged sturdily to real-world assets like the dollar. Exchanges use stablecoins to even out the volatility of other coins, and crypto investors may favor them as a safer bet to park money. They have served their function pretty well so …

Crypto is weathering a bitter storm. Some still hold on for dear life. Read More »

The Crypto Industry Is Getting Too Honest

The Crypto Industry Is Getting Too Honest

There’s a commercial for the cryptocurrency-trading platform FTX that has been airing throughout the NBA playoffs. It features superstar Steph Curry going through a goofy version of his day—eating cereal, making pasta, carving an ice sculpture—while narrator Shaquille O’Neal insists that Curry knows everything there is to know about crypto. An exasperated Curry repeatedly denies …

The Crypto Industry Is Getting Too Honest Read More »