CoinDesk Crypto

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

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

In the recent comedy of errors surrounding Elon Musk and Twitter, the state of Delaware played a crucial role in checking the bumbling billionaire’s freewheeling approach to contract law. After Musk, the CEO of Tesla, spent months ineffectually trying to weasel out of an Ap

Sam Bankman-Fried has been typing out a cryptic message in the days since his crypto empire, composed primarily of the FTX exchange and Alameda Research hedge fund, bottomed out. “What,” the thread began, followed by single tweets containing single letters spelling ou

Two weeks ago, I thought the biggest story for the week of Nov. 8 would be the U.S. midterm election. Control of both the House and the Senate were up for grabs, with the future of crypto legislation at stake. All of that’s still true, but FTX collapsed in incredible and ra

Throughout 2022, the crypto economy has been in the throes of a bear market, which has taken a heavy toll on investors, platforms and protocols. While investors have watched the value of their holdings drop, there has been an uptick in failures at the platform and protocol levels

The doomsayers have been busy ringing the death knell over the past week, proclaiming, not for the first time, that the crypto industry is dead and buried following the collapse of FTX. 

It’s been a rough year for NFT (non-fungible token) investors. Between market constrictions, rug pulls and failed projects, many buyers are left holding assets that represent a considerable unrealized loss.As the 2022 tax year comes to a close, NFT traders may hope to tax-l

Cryptocurrency and digital-asset markets have seen extreme drawdowns throughout 2022. With bitcoin (BTC) alone down over 50% this year, the portfolios of many investors are in the red this year.While investors are feeling the pain from the market downturn, it’s important to

Despite the hot weather, the country is still deep in the icy clutches of the ongoing crypto winter. A market long dominated by speculators trying to make a fast buck, cryptocurrency has never been a...

Alex Bornyakov, deputy minister of digital transformation of Ukraine, took to Twitter Monday night to officially deny a conspiracy theory around the country's crypto fundraising effort."A fundraising crypto foundation @_AidForUkraine used @FTX_Official to convert crypto donations

A hammer is going to fall on crypto exchange FTX. The question is how heavy it might be.The collapse of FTX will likely give rise to a number of criminal and civil actions against the exchange and its executives, like former FTX CEO Sam Bankman-Fried. It’s also likely to pu

After one of the most dramatic weeks in crypto history, in which a large and highly regarded trading platform was revealed to be engaging in shady financial management resulting in a multibillion-dollar balance sheet hole and the bankruptcy of more than 130 related companies, we&

After one of the most dramatic weeks in crypto history, in which a large and highly regarded trading platform was revealed to be engaging in shady financial management resulting in a multibillion-dollar balance sheet hole and the bankruptcy of more than 130 related companies, we&

In a bankruptcy that is being compared to the sudden collapse of Lehman Brothers in the 2008 crash, FTX, one of the largest global cryptocurrency exchanges, has fallen dramatically, losing billions and declaring bankruptcy over the course of a few days. 

Just a few hours after embattled FTX -- and its 130 subsidiaries -- filed for bankruptcy and Sam Bankman-Fried stepped down as CEO, the crypto exchange said it was hacked.  The crypto assets could be...