The 3 Things Coinbase Says Will Determine the Future of Crypto
Coinbase CEO Brian Armstrong (CoinDesk archives)
opinion
Crypto’s Theater Is Becoming More Surreal
Decentralization theater, governance theater, community theater. Web3 promised a revolution, but, mostly, the innovation is all for show, says Cami Russo, the founder of The Defiant.
Sam Bankman-Fried Could Go Back to Jail Thanks to His Big Fat Mouth
The fallen FTX founder didn’t just violate his bail — he violated the trust of his family’s last remaining allies.
PayPal’s Stablecoin Is No Libra. Why the Timing Feels Right
Like Facebook’s ill-fated Libra project, PYUSD is getting some pushback in Washington D.C. But its prospects seem more promising, says Michael J. Casey.
Campaign-Finance Charges Are Back on the Menu
I didn’t really have anything prepared to write about this week but the Department of Justice is on it. Prosecutors told the judge overseeing Sam Bankman-Fried’s criminal trial that they intend to fold campaign finance allegations into a wire fraud charge, after announcing they would have to drop the campaign finance charge itself due to treaty obligations with the Bahamas.
Is Coinbase Disillusioned With Crypto?
The exchange recently argued that cryptos are like Beanie Babies. So does it still think Bitcoin and Ethereum are the future of finance?
Barbie Is a Metaverse
Virtual worlds, like Barbie’s, are a source of meaning and fulfillment for people seeking more in life. And these worlds gain from interactions: the more interoperability, the better.
PayPal’s Stablecoin Is a Watershed Moment for Finance
Until now, most of crypto’s big innovations have been for crypto-natives. PayPal’s stablecoin is different, says Austin Campbell, the former head of Portfolio Management at Paxos.
PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits
High U.S. Treasury interest rates are a powerful short-term motivator. Everything else is theory.
Desperately Seeking Crypto’s Killer App
When you take away the speculation, what Web3 services actually deliver utility for users?