For Bitcoin Mines in Texas, the Honeymoon Is Over

For Bitcoin Mines in Texas, the Honeymoon Is Over

Others argue the state’s strategy of paying Bitcoin miners not to mine when the grid is under heavy load is nonsensical. “The most important thing a regulator can do is match assets and liabilities—match supply and demand,” says Ed Hirs, an energy fellow at the...
Sam Bankman-Fried Is a Terrible Client

Sam Bankman-Fried Is a Terrible Client

In the weeks after Sam Bankman-Fried’s FTX crypto exchange began to crumble last November, he chose to ignore the most basic piece of legal advice: Say nothing, or risk incriminating yourself. He took media interviews. He appeared on podcasts. He tweeted incessantly....
Confusion Spirals in Crypto as the US Cracks Down

Confusion Spirals in Crypto as the US Cracks Down

The US Securities and Exchange Commission is on the warpath—and crypto is in its crosshairs. Over the weekend, The Wall Street Journal reported that the agency intends to sue crypto firm Paxos for issuing BUSD, a stablecoin developed in partnership with...