Jessica Klein is a freelance journalist and contributing reporter at The Fuller Project who has written for BREAKERMAG, CoinDesk, The New York Times, The Atlantic, The Guardian, Fortune, and others.
Ron Paul takes the stage to a raucous standing ovation from the maskless Miami crowd. Outside the air conditioned Mana Wynwood Convention Center, thousands of Bitcoin worshipers still stand in line in the sweltering morning heat.
“We have a shortage of liberty,” the 85-year-old Libertarian and former Texas congressman declares, “and I do know the people here are very much in tune about the principles of liberty!”
The people here might be in tune with liberty, sure. But it’s hard to know how ma...
On May 17, some customers of cryptocurrency lender BlockFi noticed something unusual: huge Bitcoin deposits in their accounts. These deposits—in one case more than 700 BTC according to a Reddit user (worth $29 million at the time)—were expensive mistakes that BlockFi later owned up to. In a promotional campaign gone wrong, the company had sent rewards denominated in Bitcoin, rather than in GUSD, a $1-pegged stablecoin created by the crypto exchange Gemini.
Because of its error, BlockFi has had...
