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Showing posts from September, 2021

Why it’s so hard to stop people from panic buying

They quit. Now they want their jobs back   In today's WIRED Daily , we explain why it's so hard to stop people panic buying and find out why the recruitment market is about to be overrun by boomerang employees . Why it's so hard to stop people from panic buying The snaking queues of cars have stretched for hundreds of metres, even kilometres. Reports abound of drivers waiting for hours just to fill up on petrol, forecourts running dry of fuel, and buses diverted to avoid the gridlock. Occasionally, the mayhem has led to arguments and altercations. The petrol crisis is as real as it gets. And yet, the UK government and industry leaders both say that there is plenty of petrol in the UK. A lack of...

This is why China finally halted its bitcoin boom

The nuclear submarine fight is totally pointless   In today's WIRED Daily , we find out why China shut down its bitcoin boom and explain the real significance of the controversial Aukus nuclear submarine pact.  This is why China finally killed its bitcoin boom Every time Beijing announces a crackdown on their industry, the running joke among the crypterati is that China has already banned cryptocurrency 18 times. Chinese government agencies have issued a string of increasingly restrictive but never conclusive legal prohibitions of various aspects of crypto since 2013; all the while, China's crypto industry has thrived. Turns out the nineteenth time might be the charm. On September 24, China's ce...