CoinDesk Crypto

In my latest conversations with private clients, the number one question I get asked is about tax loss harvesting (TLH). TLH is best thought of as purposefully selling an investment you bought that is currently below your purchase price to lock in a capital loss on your taxes.Due

What happens when you donate a non-fungible token (NFT) to an art museum? It’s surprisingly unclear. Should museums even accept NFTs? Maybe, depending on the museum and the NFT. Many museums collect digital art, which obviously includes NFTs. And at least some NFTs are alre

The consensus method is arguably the most crucial building block of distributed ledger networks because it defines how individuals reach agreement in a global and permissionless system.

The consensus method is arguably the most crucial building block of distributed ledger networks because it defines how individuals reach agreement in a global and permissionless system.

I’m not going to mince words. The fraud-driven collapse of FTX and Alameda is, in my estimation, the worst single event in the crypto industry since its inception. Even though as a share of overall crypto market cap the impact may have been less in relative terms than Mt Go

Last week FTX, once the third-largest crypto exchange by volume, owned and run by founder Sam Bankman-Fried (SBF), went through a meltdown. Here’s how that went down:On Nov. 2, a CoinDesk scoop showed that Alameda Research, SBF’s quantitative crypto trading firm, had

The collapse of FTX has caused yet another destructive wave to wash over crypto – the world of altcoins, crypto exchanges and overleveraged entities.It’s impossible to say at this point how much collateral damage the loss of what was once the third-largest crypto exch

Journalists don’t like to be the story. We prefer to tell it.But with CoinDesk playing a central role in this week’s FTX meltdown – following Ian Allison’s bombshell on Alameda Research’s suspect balance sheet last week – I got to thinking that

Journalists don’t like to be the story. We prefer to tell it.But with CoinDesk playing a central role in this week’s FTX meltdown – following Ian Allison’s bombshell on Alameda Research’s suspect balance sheet last week – I got to thinking that

Much furor has been generated on Twitter about Elon Musk’s new "blue tick" (checkmark) verification scheme. Existing blue ticks (full disclosure: I am one) are up in arms about the plan, which would give anyone a blue checkmark on their tweets if they pay Musk $8 a month, w

Just when you thought the coast was clear to take a position in crypto, the bottom has fallen out  — yet again.

Just when you thought the coast was clear to take a position in crypto, the bottom has fallen out  — yet again.

Our community keeps learning the lesson of decentralization the hard way. Celsius Network. BlockFi. Voyager Digital. Now FTX.These are all centralized exchanges (CEXs) and centralized financed platforms (CeFi). Their business models are centuries old; the only new thing about the

Does crypto need a backstop? Wednesday, in what in hindsight should be obvious, Binance pulled out of a tentative deal to buy out rival FTX, the crypto exchange founded by Sam Bankman-Fried that has lost just about everything following a bank run.Binance CEO Changpeng Zhao said a

Just last month, we learned right after Celsius Network founder Alex Mashinsky was pushed out of his CEO position that he withdrew $10 million from the platform mere weeks before it froze withdrawals

Sam Bankman-Fried’s embattled cryptocurrency exchange FTX may have misused customer funds in violation of its own terms of service, lawyers have told CoinDesk.FTX’s downward spiral, which began after a CoinDesk article last week about its sister company Alameda Resear

The collapse of FTX doesn’t signal the end of crypto but it does point to the fact that, whether you like it or not, regulation of crypto is coming.

In lieu of the hype cycle, the market will have to shift to a more concrete metric of value that has its roots in reality. That metric is utility and by extension, use.

Sam Bankman-Fried trafficked in ubiquity. The CEO of FTX began infiltrating Washington, D.C., last year, selling cryptocurrency as an answer to financial problems in the U.S. And he never seemed to leave.Last month, in the span of a few days, the man known as SBF appeared at no f

For nearly a decade, crypto investors and advocates have promoted bitcoin as a hedge against inflation and a store of value against fiat currency. Due to the tokenomics behind bitcoin, many savvy investors believe that bitcoin is a hedge against the loss of purchasing power exper