The FTX debacle is just at its nascent stages, yet troubles keep on piling up; while the untangling of the bankruptcy proceedings might take a while, the damage is spreading fast. The Future of...
The stock market has a long track record of producing steady yields, but often it’s a challenge to invest in stocks without going through an intermediary
On Wednesday, Vox published a bombshell interview with former crypto exchange FTX CEO Sam Bankman-Fried, where the 30-year-old crypto trader all but revealed he had, in fact, co-mingled customer funds with those of his hedge fund, Alameda Research. This would be a problem on its
The crypto world has been shaken by the biggest black swan event in its 13-year history. FTX has become insolvent and all funds on the exchange are frozen.The FTX situation is no fun for anyone, especially if you had funds on the exchange. But there are some silver linings from a
A common thread has persisted throughout the market swings, technological innovations and novel use cases that define the rise of crypto: taxes. The industry’s exciting new concepts and vernacular can leave one overwhelmed and confused. Then quickly comes the realization &h
Even before this year’s crypto winter where investors have lost more than $2 trillion, leading up to the dramatic FTX collapse that played out in real time across crypto-Twitter timelines, crypto’s drive towards more regulation was already rising.
Only just a few weeks ago, it seemed like the crypto universe had found a new sense of calm and stability – leave it to Coindesk’s journalists to pop that illusory bubble in dramatic fashion.We’re now around two weeks out from the report that took down FTX, stro
We don’t yet know exactly what happened inside FTX. Perhaps we never will. But it’s been a rocky year for crypto, and we’ve begun to learn from the lessons of history
Web3 is at the beginning of a privacy boom. Old-guard privacy solutions like Zcash and Tornado Cash demonstrated the opportunities for privacy protocols, but today’s wave of new layer 1 and layer 2 networks bring expressive computation and complex smart contract capabilitie
Nearly every human who has ever paid a check, received a check, or waited in line at the Post Office on tax day has inevitably experienced some inner gloom regarding a certain five-lettered word: taxes. Throughout much of history, taxes have simply been a way of life. We work, pl
The corpses of FTX and Alameda Research are barely cold, but financial coroners are already deploying scalpels and bone saws to try and figure out what went wrong. These autopsies are far from complete, but the findings so far suggest deep parallels between the Alameda and FTX bl
When we look back at November 2022, we may well view it as the end of the "Centralization Era" in crypto. Centralized crypto exchanges offered consumers an appealingly convenient way to invest in crypto. However, the centralization era also led to disregard for consumer protectio
There is a tax war between the government and the people, and there always has been. The government badly wants taxes, and people badly don’t want to pay them, so each side battles fiercely for their goal, constantly inventing new weapons in an age-old arms race that contin
Disclaimer: This is not tax advice, and we strongly recommend engaging with a tax professional before making any transaction.This year has not been kind to any crypto investor’s portfolio. Fortunately, there’s one silver lining for all bag-holders with steep losses: t
Depending upon whom you ask, last week’s FTX blowup feels bigger than when Mt. Gox, the original Bitcoin exchange, fell to ruin in 2014. Bigger than The DAO hack of 2016, which forced Ethereum to fork into two chains as a way to recover user funds. Bigger, too, than the imp
Even in the depths of winter, crypto continues to make fundamental progress – especially in terms of adoption by the world’s top enterprises and institutions. Ethereum, the pioneering blockchain for innovative technologies such as decentralized finance (DeFi) and NFTs
There is no lack of talk on Twitter about the failure of FTX. Some are saying “I told you so” while others are asking “what the hell happened.” There are Tom Brady memes, tweets about Sam Bankman-Fried’s rise and fall as well as accounts of real fina
Four years ago, JPMorgan Chase CEO Jamie Dimon said he “didn’t give a [damn] about bitcoin.” On Nov. 3, 2022, the investment bank and financial services holding company executed its first trade on Polygon and a modified version of Aave.If you think the embrace o