It was only a matter of time before China slapped a ban on Bitcoin (BTC) mining, trading and crypto services. To do anything with Bitcoin anywhere in the People’s Republic, one needs a special exemption. The Chinese government’s given reason for the Bitcoin crackdown is to reduce its well-documented climate impact. Regardless of the amount of truth in this explanation, one … [Read more...] about Crypto mining won’t survive another round of environmental legislation
Survive
Can NFT Art Survive Its Own Addiction to Elitism?
As part of our Culture Week coverage, members of CoinDesk’s Layer 2 team have been comparing notes about our experiences of non-fungible token art events in New York and elsewhere over the past year. One theme has been the prevalence of closed-door events – and equally closed-door attitudes. There are entire NFT gallery shows restricted to people who’ve already shelled out tens … [Read more...] about Can NFT Art Survive Its Own Addiction to Elitism?