2023 seems to have gotten off to a pretty good start for the digital assets space.Instability at several crypto projects seems to have at least temporarily resolved itself, and it’s been a few weeks since the last disastrous headlines.
Hey folks. I’m in Davos, Switzerland, through the rest of this week covering the World Economic Forum’s annual conference and the crypto panels held adjacent to the main event. Feel free to reach out on Telegram if you’re here.You’re reading State of Crypt
After the drama punctuated by doldrums (or is it the other way around?) of 2022, many of us glass-half-full types have been welcoming the opportunity to focus less on market moves and more on the impact that the continued development of crypto technology can have on the world. An
About half of the estimated 500 companies attending the 2023 annual World Economic Forum (WEF) event in Davos, Switzerland, are technology companies and startups. You see them stretching out over the Promenade – the main street running through the city center where all the
Did you know many of the biggest financial and money YouTubers who promoted FTX worked with the same talent agency?As we witness the collateral damage caused by FTX unfold and the federal criminal charges against the crypto exchange’s founder Sam Bankman-Fried stack up, man
Last weekend was exciting for crypto speculators, with the prices of bitcoin (BTC), ether (ETH) and other coins shooting up by double-digit percentages. Zoom out on that price chart and the picture becomes clearer: Things aren’t looking so hot.A year ago, every crypto repor
DAVOS, Switzerland — Crypto as a speculative asset class has had its “comeuppance,” said economist and the former governor of India’s central bank, Raghuram Rajan.But that doesn’t mean the technology that underlies crypto deserves punishment as well
The usual conversations are taking place about what new regulations need to be enacted to prevent another FTX. While it is obvious something needs to happen, experience makes clear that the current regulatory regime is not well equipped to prevent these events. Indeed, even if th
Bitcoin, after months of laggard movements downward, has seen a notable rally. The largest cryptocurrency by market value is now trading above $20,000. This is significant not only because it's the first meaningful jump since the collapse of the FTX exchange, but also because bit
Sold a beachside paradise with A-list models including Kendall Jenner, millennials swarmed to the Bahamas in 2017 for the ill-fated Fyre Festival.We all know what happened next: Wrecked local businesses, dilapidated cheese sandwiches and deceived customers who formed a class-acti
2022 was an utterly forgettable year for digital currencies. Bitcoin, the largest by market value in the lot, shed nearly two-thirds of its value, while losses for smaller, more speculative cryptocurrencies were far more severe.
Although the international crypto space has evolved dramatically in the years since Bitcoin’s launch, new data concludes that more than 90% of altcoins released in the last decade have gone bust, proving not only Bitcoin’s appeal and success, but also its immense standing power.
DAVOS, Switzerland — The crypto industry showed up in force at the World Economic Forum’s annual conference in May 2022.Eight months, numerous bankruptcies and a major collapse later, the industry is still present in Davos, Switzerland, but with a more subdued presenc
Silvergate Bank (SI) started in San Diego in 1988 as a savings and loan association (S&L) when that was all the rage. It’s a bank now – for … uh … reasons – that markets itself as a “leading provider of innovative financial infrastructure
As a new year gets underway I know that I don’t need to buy anything for the crypto-skeptic in my life. As an industry we’ve already bought them, at a cost of billions of dollars, a gift that’s genuinely priceless and always in style: the smug self-satisfaction
During the House Financial Services Committee’s FTX hearings last month, Rep. Jesus Garcia (D-Ill.) described crypto as “an entire industry” that “thinks it's above the law,” and then said something that irked me even more than that unhelpful opening
The American Psychiatric Association in 1973 instituted what’s known as “The Goldwater Rule.” This then-novel principle of medical ethics held that psychiatrists should not make diagnoses of public figures at a distance, for instance based on public statements.L
Another one bites the FTX dust. The Securities and Exchange Commission (SEC) announced this week that it had charged Genesis and Winklevoss twins-founded Gemini for "the unregistered offer and sale of...
2022 was a difficult year for retail investors. Between record-high inflation levels, geopolitical conflict, and the meltdown of the crypto industry, it is no surprise that most retail investors are feeling uneasy in the new year.