A selection of three essential articles read aloud from the latest issue of The Economist. This week, is this the end of crypto? Also, why Indonesia matters (11:00) and Glenn Youngkin’s unique approach to Trumpism (19:40).
A selection of three essential articles read aloud from the latest issue of The Economist. This week, the dream and danger of decentralised finance, how America is substantially reducing child poverty (10:02) and a defence of, like, “like” (18:57)
President Nayib Bukele thinks obliging businesses to take the cryptocurrency will help with remittances, inclusion and foreign investment. So far, few are convinced.
From after-school tutoring to endless extracurricular activities, education is an increasingly cut-throat affair; we examine the costs of these academic arms races. And Sally Rooney’s new novel and the question of what makes great contemporary fiction.
The cryptocurrency market was worth more than $1.6 trillion by the end of the July 2021. And bitcoin controls more than 47 percent of that market, according to Tradingview.com, down from more than 70 percent at the start of 2021. Altcoins, or alternatives to bitcoin, have surged in number and value since 2018. Crypto networks with advanced technologies such as Ethereum, Polygon and Uniswap have captured more and more of the crypto market. And there’s also stablecoins, utility coins and meme currencies like Dogecoin. Here’s how altcoins work, and why they’re becoming a larger and larger force in the crypto market. CHAPTERS: 00:00 — Introduction 01:37 — What are altcoins? 04:07 — Who are the top players? 06:36 — What’s next?
Ransomware attacks are increasing in frequency, victim losses are skyrocketing, and hackers are shifting their targets. WSJ’s Dustin Volz explains why these attacks are on the rise and what the U.S. can do to fight them. Photo illustration: Laura Kammermann