CoinDesk Crypto

Due to the recent calamity of popular crypto exchange FTX becoming insolvent almost overnight, large numbers of bitcoin users are learning about the nature of bitcoin self-custody by withdrawing their assets from exchanges.

On crypto-based predictions market Polymarket, users are seemingly giving Twitter’s new and seemingly unwilling owner Elon Musk the benefit of the doubt. According to a bet expiring Dec. 15, only 36% of bettors think “Twitter reports any outages” by that date.Pr

Artificial intelligence (AI) in the non-fungible token (NFT) space is becoming increasingly relevant. Generative art (that is, art that has been created by an autonomous system) has quickly emerged into one of the main categories of the NFT market, driving innovative projects and

Blockchain policy, as evident in recent polling, is a rare issue that transcends political polarization.

The FTX meltdown leads crypto holders to move their funds from centralized platforms to the security of decentralized alternatives.

So we’re now roughly two weeks removed from the start of the FTX meltdown. The coverage on CoinDesk has been without peer.Here are the biggest FTX-related stories from last week by my count:

The cryptocurrency world is no stranger to high-profile blowups and cults of personality, and there have been several this year alone. But even by crypto standards, the FTX story is notable for the shocking revelations that have come to light. The rapid downfall of Sam Bankman-Fr

The average American pays $294 to file their taxes each year. These fees equate to roughly $11.3 billion per year in revenue for tax prep companies. In the crypto world, the costs of tax filing can be many multiples more than traditional tax preparation as it usually requires mor

As the crypto community grapples with what led to this, its biggest ever crisis, a look at Shakespeare and his various king characters is useful.Most of the bard’s monarchs are either megalomaniacal villains (Richard III, Claudius), dupes (Macbeth) or madmen (Lear). All of

Accounting and tax compliance in crypto is much more complicated for institutions, such as funds, exchanges and prime brokerages, due to the volume of transactions that require record-keeping. Failing to file taxes properly can result in substantial fines and, in some cases, audi

Increasingly, companies are seeking to compensate their employees and other service providers with crypto and other digital assets.This practice raises similar issues to ones that arise when compensating employees or paying service providers with equity. These types of compensato

The Bernie Madoff Ponzi scheme uncovered in late 2008 resulted in new Internal Revenue Service (IRS) guidance allowing investors to recover substantial losses from the $65 billion financial fraud. Will the 2022 crypto implosions likewise prompt another round of guidance tailored

It has been over a year since Wyoming passed the first U.S. law recognizing DAOs (aka decentralized autonomous organizations) as legal partnerships. But demand for this registration remains muted.The reality is that most DAOs will likely continue incorporating overseas (if they i

U.S. and European markets are trading lower as investors had some reality checks with respect to their anticipations of the Fed's monetary policy.

I’m living proof that crypto is alive and well. And that you can achieve your financial goals by investing wisely in it.

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