A US federal judge in the Southern District of New York has sentenced Caroline Ellison, a member of the ring of executives who presided over the fraud that led to the collapse of crypto exchange FTX, to two years in prison. In addition, she has been ordered to forfeit $11 …
Read More »A Mysterious School for the Network State Crowd Is Now in Session
Last month, venture capitalist Balaji Srinivasan announced the Network School, a three-month learning retreat marketed to people interested in “network nations,” a kind of utopia for the anarchocapitalist set. The inaugural class is 150 people. It starts today. Details about the school have been shrouded in secrecy, even for the …
Read More »Iranian Hackers Tried to Give Hacked Trump Campaign Emails to Dems
The week was dominated by news that thousands of pagers, walkie-talkies and other devices were exploding across Lebanon on Tuesday and Wednesday in an attack targeting the militant group Hezbollah. At least 32 people were killed, including at least four children, and more than 3,200 people were injured. The covert …
Read More »'Daily Show' goes after Trump's new crypto scheme with a brutal parody ad
In case you missed the exciting news, Donald Trump has taken time out of his making-weird-comments-during-presidential-debates schedule to launch an incredibly vague sounding cryptocurrency venture called World Liberty Financial. “This is great news,” says Daily Show host Ronny Chieng in the clip above from Wednesday night’s show. “Donald Trump, the …
Read More »The Trumps Have Gone Full Crypto With World Liberty Financial
Eric and Donald Trump Jr., the sons of former president Donald Trump, have pledged to “make finance great again” with a new family-run crypto endeavor called World Liberty Financial. In a meandering livestream on X on Monday, the Trump family and their associates described World Liberty Financial as a crypto …
Read More »People Are Setting Themselves on Fire and Getting Punched in the Face to Pump Their Crypto Coins
One night in May, Mikol Ayala stood in an empty parking lot in Florida with his arms out to his side and legs akimbo as two people covered him in isopropyl alcohol. “Get ready to put me out,” Ayala told them. Then the fireworks began. The scene, illuminated by a …
Read More »The World’s Biggest Bitcoin Mine Is Rattling This Texas Oil Town
On a good day, the stretch of highway from Dallas to Corsicana takes an hour to drive. The route passes gleaming white water towers that stand over single-story towns, cowboy churches, and DW’s Adult Video, a porno pitstop that still—if the billboard can be believed—does a roaring trade in DVDs. …
Read More »Impersonators Take Advantage as the Trumps Delay Crypto Reveal
Impersonators have descended on a soon-to-be-announced crypto venture tied to presidential candidate Donald Trump and his family, capitalizing on gaps in information about the project to promote inauthentic crypto tokens. Led by Eric Trump and Donald Trump Jr., the sons of the former president, the Trumps have embarked on a …
Read More »‘Should Art Be Regulated by the SEC?’: NFT Artists’ New Lawsuit Seeks Answers
Since around 2013, Jonathan Mann’s sole job has been writing and posting a song online each day. With titles ranging from “Yeah, I’m Rocking a Headband” to “Joe Biden, Retire” (posted July 1), his pop tunes are at turns whimsical and topical. Some go viral. Still, says the Connecticut-based Mann …
Read More »Crypto’s Shiny New Political Machine
Amongst the sea of American flags and ubiquitous blue signs at the Democratic National Convention in Chicago this week prowled Jonathan Padilla, the “crypto guy.” Wearing a baseball cap and conspicuous pineapple-print shirt, Padilla tramped the halls of the convention, talking crypto policy with anyone who would listen. In a …
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