The Presidential Daily Brief

Intriguing

  1. blockchain 1400x556

    A Cryptocurrency Match Made in Hell

    It turned on a dime. Tezos, whiz-couple Arthur and Kathleen Breitman’s cryptocurrency dream, surprisingly became the sector’s largest-ever initial coin offering. But it developed into a disaster after their associates, also devotees of “self-amending” blockchain technology, allegedly attempted to snatch away the couple’s $1.2 billion foundation. The dramatic battle for control, as well as the financial mechanisms that supercharged the “tezzies” currency, highlights the pitfalls of the industry — while reinforcing the principle that anything that inexplicably offers great rewards inevitably reveals equally hazardous consequences.

This story is part of The Presidential Daily Brief

view full edition