The Node

Sam Bankman-Fried's Ties to George Santos Are Just the Beginning
Donations to the lying congressman were just a grace note in FTX's symphony of alleged corruption.

What’s the Reality of Crypto in Crime?
The DOJ's Eun Young Choi said the agency is constantly finding crypto connections in its criminal investigations. But how deep does the problem go and how much should we blame the blockchain?

If Bitcoin Can’t Handle a Few JPEGs, How Can It Handle the World?
Network congestion from ordinals and BRC-20s is a stress test – and Bitcoin is failing.

A Eulogy for a Day Trader's Exchange
Bittrex, a popular exchange during the initial coin offering (ICO) boom, offered users and the crypto industry invaluable lessons in economics and regulatory affairs.

Fractional Reserve Banking Is a Fraud (but It's Genius)
The modern financial system is built on banks risking customer deposits – and the U.S. government has blocked safer alternatives.

Pump the BRCs: The Promise and Peril of Bitcoin-backed Tokens
A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless?"

The Reactionary Political Theater of CBDC Bans
The jury is out on whether the benefits outweigh the risks of central bank digital currencies, but stymying research and passing premature legislation comes with its own harms.

I Owe Brian Armstrong an Apology
With Coinbase under pressure from Gary Gensler's scattershot enforcement, it's time to reassess the most boring cryptocurrency exchange on the planet.

Coinbase Grew Quickly by Working With U.S. Regulators. Will It Expand Even More by Disregarding the SEC?
After its IPO in 2021, the largest U.S. crypto exchange had reason to think it was in the SEC’s good books. Then came Gary Gensler and now the exchange is going overseas with its new business.

Bitcoin Set New Record of Daily Transactions the Same Day the U.S. Government Quietly Engineered a Bank Buyout
The events are unconnected, but crypto has a role to play in the wider political realignment questioning the sanctity of central banks and established powers.

