OnlyFans Shows How the Banking System Is Politicized
OnlyFans' decision (now reversed) to ban porn reveals the arbitrary power of banks to delist products they don't like.
OnlyFans' decision (now reversed) to ban porn reveals the arbitrary power of banks to delist products they don't like.
Banks helped force a hugely disruptive porn ban on OnlyFans. With public fury focused on their outsized power, the banks seem to have backed down.
There are some very good reasons, it turns out, rooted in our deep, totally irrational animal brains.
OnlyFans has abandoned the sex workers that made it huge, largely thanks to pressure from banks and payment providers. That's a terrifying precedent, says our columnist.
Bitcoin surely doesn't "fix" Afghanistan, but it "could play a very important role” as an alternative financial system.
Is diem what the world needs? "It's a start," economist Darrell Duffie says.
The SEC chief has a point: DeFi is often not as decentralized as its proponents like to claim.
Two top-tier investors are clashing over the potential of innovative "growth stocks." But what they're really talking about is the Fed.
In crypto, you shouldn't have to ask who you can trust. But as the Poly Network hack and its resolution have showed, you absolutely do.
Props, a social media token project, was one of the first to receive a Reg A+ qualification. It's now shutting down.
Traders assume the DeFi market will become more efficient over time, reducing arbitrage opportunities. But that may not be true.
Stablecoins have been improving their reporting on reserves, but transparency makes an already difficult business model more complicated to execute, says our columnist.
Developers have traded riches for user privacy. It's time to return crypto to its roots.
At least for now, crypto in Puerto Rico is less about doing business than about education.
Even as crypto lost a battle over taxes in Congress this week, it felt like a victory, says CoinDesk's chief content officer.
The greenback's share of world reserves is dropping steadily. The euro, yuan and bitcoin are all in the running to pick up the slack.
Blockchain promises an immutable history of on-chain data. But the “ledger of record” is merely a new way to manufacture consent.
From hedging hyperinflation to lowering the cost of cross-border remittances, crypto can improve financial inclusion in Africa's largest economy.
If computers will continue to do more important things, we'll require those programs to be secure. Learning what not to do is one way there.
The infrastructure bill shows it is time for serious crypto activism. That means mapping out campaigns, says a professional campaigner.
There's a silver lining in Congress' efforts to impose a tax on crypto transactions: The U.S. finally accepts crypto is part of the economy.
Despite roadblocks, crypto is becoming increasingly popular in Iraq and the Kurdistan Region.
The Senate has failed to amend a provision that could cripple the U.S. cryptocurrency sector. But the game's not over yet.
The next wave of crypto adoption in the region is likely to come from citizens in unstable autocracies or those facing crushing inflation in countries like Iran and Lebanon.
Crypto is about to reshape the face of U.S. politics, as those with the most at stake learn they need to pay to protect their interests.
This infrastructure bill is just the beginning. Congress must answer to constituents, not to Crypto Twitter. What will make lawmakers spend political capital fighting for crypto?
One reason broken crypto rules passed the Senate today is that Republicans rejected another revenue source: the rich paying their fair share.
The visceral pushback to Sen. Rob Portman's reporting requirements isn't about avoiding taxes – it's about protecting digital liberties.
Gensler wants to follow in his predecessor's footsteps and treat the crypto industry as something to stifle rather than support.