The destructive green fantasy of the bitcoin fanatics | Financial Times

Screenshot the from “Bitcoin Clean Energy Initiative Memorandum” You have probably heard it said that bitcoin is really bad for the environment. You might have heard it said that mining it — ie the computer processing that is required to produce new “coins” — is more energy-intensive than [insert increasingly large nation state]. It’s one […]

SEC Notches First Cryptocurrency Offering Settlements –

The Securities and Exchange Commission announced it has settled its first civil penalties against a company solely for registration violations for selling digital tokens in initial coin offerings. The two companies that settled, CarrierEQ, also known as Airfox, and Paragon Coin, conducted ICOs in 2017 after the SEC warned such offerings can be considered securities offerings. […]

Plan to Fix Journalism With Cryptocurrency Draws Skepticism – WSJ

The Civil Media Co. bills itself as a solution to some pressing problems in modern journalism, pitching a new cryptocurrency that would help news consumers support quality information and weed out bad actors. So far, the effort isn’t going smoothly. Consumer demand for the new so-called token that the company is selling has been weak […]

Beware of the Twitter Mob – Bloomberg

Can Twitter be saved? I’m not talking about last week’s social media stock price plunge. It’s the ritualization of Gamergate-style uproar and dishonest brigading that has me disillusioned with the platform. I know soul-searching about Twitter is a bit of a journalistic trope at this point, since we all seem to be simultaneously enraptured with […]

Child abuse imagery found within bitcoin’s blockchain | Technology | The Guardian

German researchers have discovered unknown persons are using bitcoin’s blockchain to store and link to child abuse imagery, potentially putting the cryptocurrency in jeopardy. The blockchain is the open-source, distributed ledger that records every bitcoin transaction, but can also store small bits of non-financial data. This data is typically notes about the trade of bitcoin, […]

Hooters Whispers ‘Blockchain’ and Its Parent Company’s Stock Soars 50 Percent

Photo: Getty Chanticleer Holdings, which owns nine Hooters restaurants and other regional burger chains like Little Big Burger, announced today that it was putting its loyalty programs on the blockchain. And just like other companies that have recently issued press releases with the word “blockchain,” its stock price shot through the roof. The Nasdaq-listed stock, BURG, […]

Fear Not, Because the Bitcoin Market Is Functioning Rationally–Please Do Not Check 

Bitcoin, an imaginary kind of computer money made up by a mystery man, is a valuable financial asset. It is being traded daily by educated professionals, based upon rational financial calculations, so you may rest easy knowing that its value is safe, just, please, DON’T READ THE NEWS, EVER. Everything is different now: One of […]