Tag: crypto
on the blockchain
Another big crypto hack: Axie Infinity’s Ronin network.
Friendly reminder that the existence of blockchains with value creates a permanent incentive for people to steal that value. “This hack totals almost $625 million at current value, making it the largest decentralized finance hack to date…” | learn more
on the blockchain
Reporter can finally buy crypto after leaving NYT.
A thread by Nathaniel Popper: “One fringe benefit of leaving the NYT is that I have been able to play around w/ owning and trading crypto for the first time. I’ve still got plenty of unanswered questions, but the big […]
on the blockchain
Crypto-mining gangs are running amok on free cloud computing platforms.
This is from May 2021. Basically there are a bunch of web services that offered free tiers of virtual machines. The gangs got the idea to create a bunch of fake accounts to run crypto mining scripts, leaving the services […]
on the blockchain
The promise of DAOs, the latest craze in crypto.
“The blockchain business model has made headlines for sensational ploys. But in quieter corners DAOs are forging a promising new ecosystem for digital startups.” | learn more
on the blockchain
Crypto theses for 2022.
I finally got around to reading the annual tome from Messari’s Ryan Selkis. It is an incredible snapshot of what’s going on in the ecosystem. He does not shy away from making predictions (and drilling into SEC Chair Gary Gensler. | learn […]
on the blockchain
Will staking and mining be tax free?
A Tennessee business owner has sued the IRS to clarify the tax status of tokens earned staking. They tried to give him a refund without actually clarifying their position. He declined the money, instead pressing on to get a definitive […]
on the blockchain
The hidden hand marketplace.
A crypto group has developed a marketplace for organizing vote-buying in governance tokens. Why is this interesting? Well, consider how important vote-buying was to governance of cities and states in the US a hundred or so years ago. | learn more
on the blockchain
Prime time in crypto.
“This week, we take a closer look at the prime brokerage business model and its application in crypto. [In November 2021], the aggregate value of the world’s crypto assets flew through $3 trillion for the very first time. Institutional interest […]
retail therapy
Crypto kicks and the metaverse.
“Web3 and DTC are natural partners and Nike will be of the first major retailers to iterate around Web3 principles. It’s not just a new revenue stream: it’s community and status.” | learn more