Crypto, Houses, Sneakers, Rolexes: How FOMO Drove the Economy

For millions of people, Bitcoin, like real estate and dot-coms before it, offered hope for escaping dead-end jobs.

#blockchain-technology, #fads, #luxury-goods-and-services, #regulation-and-deregulation-of-industry, #united-states-economy, #virtual-currency

Yes, Crypto Is Crashing Again. Blockchain Will Survive.

Don’t be distracted by the shenanigans going on in the casino.

#blockchain-technology, #computers-and-the-internet, #economic-conditions-and-trends, #entrepreneurship, #kwon-do, #regulation-and-deregulation-of-industry, #terraform-labs-pte-ltd, #united-states-economy, #virtual-currency

How Anonymous Is Bitcoin, Really?

In myth, the cryptocurrency is egalitarian, decentralized and all but anonymous. The reality is very different, scientists have found.

#bitcoin-currency, #blockchain-technology, #computers-and-the-internet, #cryptography-codes-and-ciphers, #data-mining-and-database-marketing, #mathematics, #silk-road-web-site, #virtual-currency, #your-feed-science

Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic

A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies.

#armstrong-brian-1983, #banking-and-financial-institutions, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #united-states-economy, #virtual-currency

A Viral Case Against Crypto, Explored

The video essayist Dan Olson explains the dangers lurking in the culture and ideology that surround digital currency.

#audio-neutral-informative, #bitcoin-currency, #blockchain-technology, #computers-and-the-internet, #finances, #nonfungible-tokens-nfts, #winkelmann-mike-beeple

Tech Start-Up Aims to Get Artists Royalties for Resale

Fairchain generates digital contracts and certificates of title and authenticity, allowing artists to track their work and share in secondary market proceeds.

#art, #blockchain-technology, #copyrights-and-copyright-violations, #fairchain-fairplay-group-ltd, #royalties, #start-ups

Outdoor Voices’ Ty Haney Starts New Company in Web3 Space

The Outdoor Voices founder has a new venture that aims to reward customers with blockchain-based assets. But do brand loyalists really want NFTs?

#advertising-and-marketing, #blockchain-technology, #content-type-personal-profile, #haney-tyler, #nonfungible-tokens-nfts, #outdoor-voices-inc, #shopping-and-retail, #social-media, #try-your-best-social-network, #women-and-leadership-2022

The NFT Has Changed Artists. Has it Changed Art?

Hardly at all.

#art, #auctions, #blockchain-technology, #collectors-and-collections, #finances, #mccoy-jennifer-1968, #mccoy-kevin-1967, #nonfungible-tokens-nfts

Anonymity in Crypto Raises Alarm

Investors give money to pseudonymous developers. Venture capitalists back founders without learning their real names. What happens when they need to know?

#blockchain-technology, #computers-and-the-internet, #engineering-and-engineers, #entrepreneurship, #names-personal, #nonfungible-tokens-nfts, #start-ups, #venture-capital, #virtual-currency

Russia Could Use Cryptocurrency to Mitigate U.S. Sanctions

Russian companies have many cryptocurrency tools at their disposal to evade sanctions, including a so-called digital ruble and ransomware.

#banking-and-financial-institutions, #bitcoin-currency, #blockchain-technology, #cyberattacks-and-hackers, #cyberwarfare-and-defense, #embargoes-and-sanctions, #international-trade-and-world-market, #moscow-russia, #russia, #treasury-department, #ukraine, #united-states, #united-states-international-relations, #virtual-currency

After Pak and Beeple, What’s Next for NFT Collectors? Art Made With a Paintbrush

Now crypto collectors are investing in something more tangible, and traditional, like paintings and sculpture. And art dealers are rushing to woo them.

#art, #blockchain-technology, #collectors-and-collections, #ethereum-foundation, #metaverse-internet, #nonfungible-tokens-nfts, #pace-gallery, #sachs-tom, #sun-justin-1990, #xu-felix

Is the Crypto Gold Rush a Giant Scam?

Web3 is a still-nascent, fuzzy idea, but if you squint, you can see its growing intrusion onto mainstream culture. How much of it is hype?

#bitcoin-currency, #blockchain-technology, #cryptography-codes-and-ciphers, #damon-matt, #debatable, #fallon-jimmy, #hilton-paris, #paltrow-gwyneth

Crypto and the Power of Folk Economics

When we think we understand something, we don’t see a reason to regulate it.

#banking-and-financial-institutions, #blockchain-technology, #internal-sub-only-nl, #nonfungible-tokens-nfts, #virtual-currency

Wealth Inequality Drives the Appeal of Crypto

To digital natives, crypto as a path to financial security just sounds sensible.

#blockchain-technology, #income-inequality, #internal-sub-only-nl, #nonfungible-tokens-nfts, #venture-capital, #virtual-currency

It’s Hard to Tell When the Crypto Bubble Will Burst, or If There Is One

Die-hard enthusiasts, slick operators and the lure of riches have kept digital asset prices soaring. Traditional notions of value don’t apply.

#banking-and-financial-institutions, #binance, #bitcoin-currency, #blockchain-technology, #chainalysis-inc, #coinbase-inc, #contessoto-glauber, #cuban-mark, #dogecoin-project, #ethereum-foundation, #open-markets-institute, #securities-and-exchange-commission, #virtual-currency

The Rise of the Crypto Mayors

This new political breed accepts paychecks in Bitcoin. The mayors also want to use buzzy new tech like NFTs to raise money for public projects.

#adams-eric-l, #bitcoin-currency, #blockchain-technology, #computers-and-the-internet, #jackson-tennessee, #local-government, #mayors, #scott-conger, #social-media, #suarez-francis-x-1977, #tennessee, #two-harbors-minn, #virtual-currency

The Strange Allure of the Blockchain

Why the appeal of cryptocurrencies and NFTs crosses borders of class and race.

#bitcoin-currency, #blockchain-technology, #internal-sub-only-nl, #nonfungible-tokens-nfts, #virtual-currency

Cryptocurrency Enthusiasts Meet Their Match: Angry Gamers

Game publishers are offering NFTs, but skeptical gamers smell a moneymaking scheme and are fighting back.

#blockchain-technology, #computer-and-video-games, #computers-and-the-internet, #mobile-commerce-and-payments, #nonfungible-tokens-nfts, #sega-corp, #square-enix, #ubisoft-entertainment, #virtual-currency, #xbox-video-game-system

Crypto Enthusiasts Meet Their Match: Angry Gamers

Game publishers are offering NFTs, but skeptical gamers smell a moneymaking scheme and are fighting back.

#blockchain-technology, #computer-and-video-games, #computers-and-the-internet, #mobile-commerce-and-payments, #nonfungible-tokens-nfts, #sega-corp, #square-enix, #ubisoft-entertainment, #virtual-currency, #xbox-video-game-system

Twitter’s Former C.E.O. Has a ‘Too Bad, So Sad’ Approach to Content Moderation

Dick Costolo discusses the unique difficulties of heading the social media platform.

#agrawal-parag, #audio-neutral-informative, #blockchain-technology, #computers-and-the-internet, #costolo-dick, #dorsey-jack, #facebook-inc, #social-media, #twitter

The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups

Tech executives and engineers are quitting Google, Meta, Amazon and other large companies for what they say is a once-in-generation opportunity with crypto.

#amazon-com-inc, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #dorsey-jack, #entrepreneurship, #executive-compensation, #facebook-inc, #google-inc, #labor-and-jobs, #marcus-david-a, #nonfungible-tokens-nfts, #social-media, #start-ups, #virtual-currency, #wages-and-salaries

Jack Dorsey Steps Down and Other Silicon Valley Transitions

Twitter’s new boss needs to boost the company’s value, or someone else will.

#blockchain-technology, #computers-and-the-internet, #coronavirus-reopenings, #dorsey-jack, #facebook-inc, #internal-sub-only-nl, #regulation-and-deregulation-of-industry, #return-to-office, #square-inc, #tungsten, #twitter, #workplace-environment

Venture Capital Funding for Crypto Companies Is Surging

It has risen more than in any other year, partly driven by the investing arms of large firms already in the crypto industry.

#blockchain-technology, #coinbase-inc, #venture-capital, #virtual-currency

Investors Snap Up Metaverse Real Estate in a Virtual Land Boom

Transactions for properties in digital realms are jumping, guided by the same principle in the physical world: location, location, location.

#blockchain-technology, #nonfungible-tokens-nfts, #real-estate-commercial, #shopping-centers-and-malls, #virtual-currency, #virtual-reality-computers

The Metaverse Takes Manhattan

NFT.NYC, a gathering for nonfungible token enthusiasts, offered a taste of a crypto-filled future.

#art, #blockchain-technology, #collectors-and-collections, #computers-and-the-internet, #midtown-area-manhattan-ny, #nonfungible-tokens-nfts, #winkelmann-mike-beeple

Banks Tried to Kill Crypto and Failed. Now They’re Embracing It (Slowly).

Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control.

#american-bankers-assn, #bank-of-america-corporation, #bank-of-new-york-mellon-corporation, #banking-and-financial-institutions, #bitcoin-currency, #blockchain-technology, #cohen-h-rodgin, #currency, #dimon-james, #el-salvador, #federal-reserve-system, #jpmorgan-chasecompany, #montag-thomas-k, #moynihan-brian-t, #new-york-city, #northern-trust-corporation, #office-of-the-comptroller-of-the-currency, #sullivancromwell, #us-bancorp, #us-dollar-currency, #virtual-currency

How Venture Capitalists Think Crypto Will Reshape Commerce

From banking to gaming, investors are sending billions of dollars to crypto inventors who seek to disrupt industries. Here’s a look at some of those bets.

#andreessen-horowitz, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #compound-labs-inc, #computers-and-the-internet, #dapper-labs-inc, #ethereum-foundation, #nonfungible-tokens-nfts, #venture-capital

How Venture Capitalists Think Cryptocurrency Will Reshape Commerce

From banking to gaming, investors are sending billions of dollars to crypto inventors who seek to disrupt industries. Here’s a look at some of those bets.

#andreessen-horowitz, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #compound-labs-inc, #computers-and-the-internet, #dapper-labs-inc, #ethereum-foundation, #nonfungible-tokens-nfts, #venture-capital

A Crypto Optimist Meets a Crypto Skeptic

Katie Haun and I discuss the future cryptocurrency could create.

#bitcoin-currency, #blockchain-technology, #computers-and-the-internet, #haun-katie, #nonfungible-tokens-nfts

Should We Fear Bitcoin, or Celebrate It?

Readers discuss the pros and cons of cybercurrencies. Also: R. Kelly’s conviction; a new look for the American flag.

#banking-and-financial-institutions, #bitcoin-currency, #blockchain-technology, #flags-emblems-and-insignia, #kelly-r, #sex-crimes, #us-dollar-currency, #virtual-currency

The Way the Senate Melted Down Over Crypto Is Very Revealing

It almost derailed the bipartisan infrastructure bill’s passage.

#american-jobs-plan-2021, #bitcoin-currency, #blockchain-technology, #ehrsam-fred, #infrastructure-public-works, #law-and-legislation, #portman-rob, #regulation-and-deregulation-of-industry, #senate, #tax-evasion, #treasury-department, #united-states-economy, #united-states-politics-and-government, #us-dollar-currency, #virtual-currency

Bitcoin Is Actually Traceable, Pipeline Investigation Shows

The F.B.I.’s recovery of Bitcoins paid in the Colonial Pipeline ransomware attack showed cryptocurrencies are not as hard to track as it might seem.

#banking-and-financial-institutions, #bitcoin-currency, #blockchain-technology, #colonial-pipeline-co, #computers-and-the-internet, #crime-and-criminals, #cyberattacks-and-hackers, #darkside-hacking-group, #extortion-and-blackmail, #federal-bureau-of-investigation, #justice-department, #search-and-seizure, #start-ups, #virtual-currency

The Untold Story of the NFT Boom

Digital creators used the blockchain to create a whole new art scene. Then their work started selling for thousands — sometimes millions of dollars.

#art, #bitcoin-currency, #blockchain-technology, #computers-and-the-internet, #nonfungible-tokens-nfts, #virtual-currency

As Scrutiny of Cryptocurrency Grows, the Industry Turns to K Street

Companies behind digital currencies are rushing to hire well-connected lobbyists, lawyers and consultants as the battle over how to regulate them intensifies.

#banking-and-financial-institutions, #biden-joseph-r-jr, #binance, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #conflicts-of-interest, #lobbying-and-lobbyists, #regulation-and-deregulation-of-industry, #ripple-labs-inc, #securities-and-exchange-commission, #trump-donald-j, #united-states-politics-and-government, #virtual-currency

For $800, You Too Can Sort of Be In On This Joke

Apparently about $750 and the illusion of ownership.

#art, #blockchain-technology, #demian-thirst, #nonfungible-tokens-nfts, #yves-klein

We’re All Crypto People Now

Bitcoin and other cryptocurrencies have gone from curiosity to punchline to viable investment, making them almost impossible to ignore — for better or worse.

#bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #nonfungible-tokens-nfts, #virtual-currency

Are NFT Purchases Real? The Dollars Are.

Dive down a rabbit hole and explore nonfungible tokens, multimillion-dollar digital art and the nature of reality.

#art, #blockchain-technology, #computers-and-the-internet, #nonfungible-tokens-nfts, #virtual-currency, #winkelmann-mike-beeple

In Coinbase’s Rise, a Reminder: Cryptocurrencies Use Lots of Energy

The company’s stock market arrival establishes Bitcoin and other digital currencies in the traditional financial landscape. It also elevates a technology with astonishing environmental costs.

#bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #global-warming, #greenhouse-gas-emissions, #virtual-currency

NFTs Are Shaking Up the Art World. Are They Also Fueling Climate Change?

Making the digital artworks requires colossal amounts of computing power, and that means greenhouse gases.

#art, #bitcoin-currency, #blockchain-technology, #computers-and-the-internet, #electric-light-and-power, #ethereum-foundation, #global-warming, #greenhouse-gas-emissions, #nonfungible-tokens-nfts, #winkelmann-mike-beeple

As NFTs Soar, Experts Warn of an Unsustainable Bubble

As the prices of blockchain-secured works skyrocket and speculators swoop, experts are warning of an unsustainable bubble.

#art, #auctions, #blockchain-technology, #christies, #collectors-and-collections, #ethereum-foundation, #finances, #hirst-damien, #metakovan-entrepreneur, #nonfungible-tokens-nfts, #rogoff-kenneth-s, #virtual-currency, #winkelmann-mike-beeple

Why Did Someone Pay $560,000 for a Picture of My Column?

Bidders say they had many different motivations, including fun, self-promotion and signaling support for the NFT market.

#art, #auctions, #blockchain-technology, #collectors-and-collections, #ethereum-foundation, #new-york-times-neediest-cases-fund, #nonfungible-tokens-nfts, #virtual-currency

Buy This NFT Column on the Blockchain!

Why can’t a journalist join the NFT party, too?

#auctions, #blockchain-technology, #collectors-and-collections, #computers-and-the-internet, #content-type-service, #e-commerce, #ethereum-foundation, #nonfungible-tokens-nfts, #prices-fares-fees-and-rates, #virtual-currency

They Found a Way to Limit Big Tech’s Power: Using the Design of Bitcoin

Companies inspired by the cryptocurrency are creating social networks, storing online content and hosting websites without any central authority.

#bitcoin-currency, #blockchain-technology, #censorship, #computers-and-the-internet, #dorsey-jack, #facebook-inc, #fringe-groups-and-movements, #right-wing-extremism-and-alt-right, #social-media, #twitter, #video-recordings-downloads-and-streaming, #virtual-currency, #youtube-com