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View More NewsEvery four years the world gathers to remind Americans that soccer is boring. The World Cup arrives, a billion people weep with joy, and everyone who wasn’t indoctrinated before the age of six sits there waiting for something…anything to happen. Then suddenly it almost does. Then just as quickly it doesn’t. Then it almost does again. This is the rhythm of the world’s most boring game.It’s “the beautiful game,” and for most of my adult life I’ve been patiently informed, usually by someone who calls it fútbol, that I simply lack the sophistication to appreciate it. But they’re wrong. Soccer…
Dollar stablecoins could improve access to foreign currency in economies with fixed or heavily managed exchange rates, but may also amplify currency runs when pressure on the domestic currency becomes severe, according to a new paper published by the International Monetary Fund (IMF). The findings come from a working paper by economist Brandon Joel Tan. Titled “Stablecoins and Fragility in Fixed Exchange Rate Regimes,” the paper modeled how stablecoins affect parallel foreign-exchange (FX) markets when official dollar access is rationed. The findings highlight that stablecoins can help people get access to dollars when banks or official exchange channels cannot meet demand. However,…
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A review of Love and Terror: The Helter-Skelter History of the Manson Murders by Claudia Verhoeven; 384 pages; Verso (May 2026)Although the True Crime genre of publishing and documentary television is replete with accounts of murderous spouses, serial killers, Mafia wars, and financial scams, rarely do the subjects transcend the headline immediacy of police procedurals to deliver the long-term import of critical analysis. The Victorian predator Jack the Ripper and the Depression-era exploits of Bonnie and Clyde are two such exceptions; a third is the countercultural carnage wrought by the Manson family. As such, Claudia Verhoeven’s new book Love and Terror: The Helter-Skelter History…
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Five Democratic senators have called for committee hearings “to investigate the national security implications of President Trump’s cryptocurrency holdings” as the chamber considers digital…
In brief Apple sued OpenAI and two former employees, alleging theft of hardware trade secrets. The complaint claims former Apple employees accessed confidential files,…
In a wide-ranging conversation on CoinDesk Spotlight, Schultz laid out a view of Meta’s future in which agentic commerce is not a product category…
Crypto exchange Kraken is adding AI-powered financial tools to its mobile app as exchanges increasingly compete to offer personalized investing tools beyond basic trading…
Stablecoin depegs are a recurring feature of crypto bear markets. And the latest candidate is apxUSD, the preferred equity-backed stablecoin of the Apyx protocol.As…
In brief An audit by the Ledger Donjon team found a hardware vulnerability relating to Trezor’s TROPIC01 Secure Element chip. The attack could reveal…
Ethereum treasury company Bitmine Immersion Technologies is launching a $300 million perpetual preferred stock offering, borrowing a page from Strategy’s financing playbook. Bitmine told the…
An interesting remedy that I’ve seen a few cases; here is the most recent one, Hussain v. Quraishi, decided May 20 by Judge Matthew…
The bitcoin ETF bleed has spread across crypto. U.S. spot bitcoin funds shed another $396.60 million on Wednesday, extending a record outflow streak to…
Retail investors will soon be able to participate in US initial public offerings (IPOs) at the offering price through a new tokenized equities program…
In brief Stripe founding engineer and progressive Saikat Chakrabarti was eliminated from the contest to succeed Rep. Nancy Pelosi. The pro-CBDC candidate railed against…
I have two articles just released in their final form. One, with James Heilpern, examines how “subject to the jurisdiction” was used in legal…