CoinDesk Crypto

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

November proved to be quite challenging for the entire crypto market.

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

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...