As a securities litigator for over 30 years, I have cross-examined a host of conmen and fraudsters. Most of my cases have been concentrated in the financial services field where I represented Wall Street, securities brokerage firms, commercial banks and national stock and derivat
Our colleagues Adelle Nazarian, CEO of the American Blockchain PAC, and Alex Allaire, CEO of the American Blockchain Initiative, recently proposed chartering a self-regulatory organization (SRO) for the decentralized finance (DeFi) sector. Doing so would advance U.S. President Jo
Last week, the leading crypto wallet provider MetaMask came under fire for a change to its terms of service that revealed it was sharing user IP information with Infura, a piece of blockchain infrastructure created by MetaMask creator ConsenSys.ConsenSys, a research and developme
Crypto lender BlockFi became the latest industry heavyweight to file for bankruptcy, joining Celsius Network, Voyager Digital and FTX. FTX’s collapse directly contributed to BlockFi’s filing, but the lender presented an optimistic view nevertheless in its first day pl
What is happening with crypto lenders? The bear market has strained every corner of the crypto industry, but perhaps none more than businesses involved in crypto lending. You know the names already: BlockFi, Celsius Network and Genesis Global Trading.There are more, but these onc
The spectacular and scandalous collapse of FTX showed the colossal damage that a centrally organized, opaquely disclosed and recklessly managed financial platform can do to the entire industry and society at large.
Ukraine has paused its planned integration of Binance's crypto payment service into the government's official app after backlash by the embattled nation’s crypto community.That integration is now on hold to “clarify a few moments” first, according to a governmen
The FTX fallout is continuing, and the latest domino to fall is fellow crypto platform BlockFi, which filed for bankruptcy on Nov. 28, saying this "follows the shocking events surrounding FTX and...
According to 99 Bitcoins, a website that tracks crypto obituaries, there have been 466 times someone has declared “game over” for blockchain. That’s almost certainly an undercount, if looking across financial publications, social media and interviews with expert
Amid the turmoil of the last few weeks, it’s easy to lose sight of what our industry is about: independence and innovation. These two fundamental drivers of prosperity and progress are not unique to crypto – but only in crypto are they entwined and embodied in liquid
In the Merge’s aftermath, Ethereum’s conversion to Proof-of-Stake sends a clear message to other layer-1 networks and all blockchain observers: Proof-of-Stake is no longer a sideshow
The unfolding FTX debacle and the domino effect it is having on the entire crypto industry is reigniting fiery debates between crypto naysayers and true believers, and everyone seems to have an...
If you’re not doing anything dodgy, why are you so resistant to KYC and AML?This was the last thing I’d expected to hear from a speaker on a panel about “DeFi adoption across Asia.” But that was the response, at a satellite event on the sidelines of TOKEN2
Crypto in November has basically been a mess because of the fall of FTX.Enough doomscrolling. We’re entering the Thanksgiving (in the U.S.) and year-end holiday season. So here are some crypto-related things that I am, and you should be, thankful for.
The last few weeks have been among the craziest that the crypto markets have ever seen. The once-trusted exchange FTX (and all the FTX associated companies), led by founder Sam Bankman-Fried, has filed bankruptcy after the exchange was discovered to be insolvent.Many crypto excha
Crypto investors are set to eat a lot of humble pie at this year’s Thanksgiving table. This time last year, as bitcoin and ether were setting new all-time highs, you probably looked like a genius for being able to explain what a “decentralized autonomous organization&
Hear me out.As I never tire of pointing out in meetings, there’s nothing you can do with a blockchain that you can’t also do faster and cheaper with a traditional centralized computing infrastructure. While blockchains have generated some very cool new approaches to p