An SEC Dissenter Says the Regulator Must Ease Off Crypto
A common frustration among crypto firms, articulated recently by Coinbase and Binance, is that efforts to discuss with regulators the aspects of crypto that do not tuck neatly...
China’s Metaverse Is All About Work
That ban helped set the path for the development of the Chinese metaverse, experts say, since it decoupled virtual spaces from digital assets. “The key difference...
Crypto Bankruptcy Markets Are Thriving After FTX’s Collapse
The motivations on each side of claim sales are different, but complementary. The seller either needs immediate cash to meet bills, wants to write down their...
North Korea Is Now Mining Crypto to Launder Its Stolen Loot
In the cryptocurrency ecosystem, coins have a story, tracked in the unchangeable blockchains underpinning their economy. The only exception, in some sense, is cryptocurrency that’s been...
What Is Blockchain? The Complete WIRED Guide
At this stage, when you say “blockchain,” you get two reactions: eye-rolling and dismissal or excited fervor at the potential for quick money. But it doesn’t...
Most Criminal Cryptocurrency Funnels Through Just 5 Exchanges
For years, the cryptocurrency economy has been rife with black market sales, theft, ransomware, and money laundering—despite the strange fact that in that economy, practically every...
The Year the NFT Died and Came Back to Life
The thread connecting most of these applications is the use of NFTs and economic incentive as the foundation for community-building. Even creators originally drawn to NFTs...
Sam Bankman-Fried’s House of Cards Is Falling Down
A written preview of Ray’s testimony, published in advance of the hearing, gave the first indication that Bankman-Fried was in for a rough ride. “Never in my...
The US Congress Is Starting to Question This Whole Crypto Thing
“I think that a lot of members of Congress have assumed that the digital asset industry could be on the back burner because it’s immature,” Lummis...
Crypto Contagion Is Spreading, Fast
To ensure Genesis wasn’t hamstrung by the loss, its parent company, Digital Currency Group (DCG), bailed it out. But in the aftermath, Genesis cut 20 percent of...