Crypto Bros Are Trying to Buy an Island in the Pacific
Crypto millionaires are attempting to buy an island in the Southwest Pacific. It’s the latest in a long line of schemes by libertarians asserting the rights of private capital above all else.
130 Search Results for: crypto
What If Sam Bankman-Fried Is an Evil Genius Sent to Teach Us All That Crypto Is a Scam?
Sam Bankman-Fried, apostle of “effective altruism,” has done one good thing for humanity: he’s revealed that finance, and particularly crypto, is a wasteful cesspool that must be reined in.
The Crypto Emperor’s New Clothes
Sam Bankman-Fried fanned the flames of crypto madness. And he couldn’t have done it without his powerful friends.
Crypto Won’t Solve Our Problems — We Need to Democratize Money
Bitcoin was not just a consequence of public disillusionment during the 2008 financial crisis — it was also a response to neoliberal monetary policies that saw money as somehow above politics. But questions about monetary policy are questions about democracy.
Sports Are Sinking in Crypto Snake Oil
The crypto takeover of European football promises to empower supporters — but in truth, it’s just marketing fluff for a giant pyramid scheme.
The Crypto Bro President
El Salvador’s president, Nayib Bukele, had a mandate for change. He used it to build a police state and buy coin.
Crypto Bro Sam Bankman-Fried Was the Perfect Liberal Hero
Liberals tend to worship a specific kind of hero: highly credentialed, media-friendly, foe of both conservative Republicans and “liberal pieties” — someone exactly like former FTX CEO Sam Bankman-Fried, cryptocurrency failure extraordinaire.
Cryptocurrency Is a Giant Ponzi Scheme
Cryptocurrency is not merely a bad investment or speculative bubble. It’s worse than that: it’s a full-on fraud.
Cryptocurrency Is Bunk
Cryptocurrency promises to liberate the monetary system from the clutches of the powerful. Instead, it mostly functions to make wealthy speculators even wealthier.
Crypto Can’t Build a Better Internet
For all its utopian trappings, web3 tech like cryptocurrency only deepens the problem of elite control over the internet. We have an alternative.
Don’t Republicans Ever Get Tired of Carrying Water for the Banks?
Republican representative Patrick McHenry is staunchly defending a bank deregulation law passed under Donald Trump just days before leading an inquiry into the collapse of Signature Bank — which is his top donor.
BlackRock’s Claim of Green Investment Has Always Been a Sham
In early 2020, BlackRock CEO Larry Fink announced that the firm was turning toward climate-friendly investments. The record, though, shows that Fink’s green branding turned out to be entirely bogus.
In El Salvador, Bitcoin and the Police State Have Gone Hand in Hand
Mario Gómez is one of El Salvador’s most prominent critics of the government’s recent embrace of Bitcoin — which may explain why he was recently arrested by Salvadoran police, he told Jacobin in an interview.
Brandon Johnson Should Establish a Public Bank in Chicago
Chicago’s working-class neighborhoods have been exploited by predatory financial institutions and starved of desperately needed investment. Mayor-elect Brandon Johnson could change that by creating a public bank.
New House Speaker Patrick McHenry Is a Lobbyist’s Best Friend
New temporary House speaker Patrick McHenry is a puppet of the financial, real estate, and debt collection industries, gladly taking 90 percent of his campaign cash from lobbyists in exchange for advocating blanket deregulation.
Sam Bankman-Fried Was Guilty, and Not Even Michael Lewis Could Save Him
Sam Bankman-Fried was found guilty this week for running a crypto scam and faces years in prison. It seems jurors weren't taken in by SBF like famed author Michael Lewis, whose new book paints an oddly sympathetic portrait of Bankman-Fried.
Bill Gates, Crypto-Socialist?
Bill Gates is right: the private sector is stifling innovation in green energy. But that's not the only place capitalism is holding us back.
Joe Biden’s New Communications Director Made Millions in Corporate Consulting
Before being tapped to become Joe Biden's new communications director, political advisor Ben LaBolt made a pretty penny in corporate consulting — and many of his former clients have obvious interests in White House policy decisions today.
Lobbyists Are Urging SCOTUS to Gut Consumer Protections
Lobbyists are urging the Supreme Court to use upcoming cases to gut consumer protections. The lobbying groups involved are tied to conservative donors who have spent decades working to roll back consumer regulations and environmental protections.
Political Betting Platforms Have a Friend in Trump
Political betting markets, which facilitated more than $3 billion in total election-related bets during this election season, are poised to win big from Trump administration ties and policies.