If this year’s bruising battle between U.S. regulators and the crypto industry were a prize fight, we might judge the latest round as one in which the latter finally landed some meaningful blows even as the former maintained the upper hand.By the week’s end, fallout f
Is ether (ETH), the native cryptocurrency of the Ethereum blockchain and the second-largest by market cap behind bitcoin, an investment security?The question has been a source of simmering speculation ever since Ethereum switched last year to a proof-of-stake blockchain network w
Industry heavyweight and crypto-friendly bank Silvergate announced March 8 that it was winding down operations and liquidating, as it believes it is "the best path forward." The Future of Finances:...
Silvergate Corp. (SI) is a publicly traded company covered by at least 10 sell-side research and financial analysts. These analysts evaluate Silvergate (and other regional banks) and issue a recommendation on the company’s stock or debt (e.g., buy, sell, hold).To a person,
Silvergate Bank, perhaps at one time the most important financial institution in crypto, will wind down after a period of cataclysmic withdrawals and a failed bailout from a federal mortgage backer. The bank’s conversations with the Federal Deposit Insurance Corp. last week
Paul Krugman recibió un duro golpe de parte de un proveedor centralizado de pagos. Tal vez ahora esté aprendiendo algo nuevo sobre el valor de Bitcoin.Read this article in English.
Market efficiency, the hypothesis that states asset prices reflect all available information, has split the advisor community.Most advisors say the market is efficient and that you should just own the market. As a result, they suggest investing in diversified portfolios or passiv
The short timeline between the FTX exchange's collapse in November 2022 and the U.S. Securities and Exchange Commission’s (SEC) vote in February 2023 to expand the types of digital assets included in the so-called Custody Rule shows that regulators are moving quickly to tak
This week, Glenn Williams Jr. tackles one of the core bits of infrastructure that anyone in the hunt for crypto investments must grasp.Then, Todd Groth of CoinDesk Indices wades into one of traditional finance’s biggest numbers: $7 trillion.
Paul Krugman has been rugged by a centralized payments provider. Maybe he’s learning something new about the value of Bitcoin.This morning, Wednesday March 8, the Nobel Prize-winning economist and longtime crypto skeptic took to Twitter to announce that the payments app Ven
While women continue to make up a significant portion of active Web3 users, there aren’t enough women building in Web3 due to structural and social barriers.According to a recent study by Boston Consulting Group (BCG) and diversity-focused innovation studio People of Crypto
Cryptocurrency and digital finance tools such as security tokens, non-fungible tokens (NFT) and central bank digital currencies (CBDC) are revolutionizing the financial industry, providing individuals with new and innovative ways to invest, transact and store value.While these to
Silvergate Bank had a really rough week, to the point where a not-insignificant number of people were waiting for the Federal Deposit Insurance Corporation (FDIC) to announce the bank had entered receivership after close of business Friday.You’re reading State of Crypto, a
It could not be a more interesting time in Bitcoin.Yuga Labs, the $4 billion company behind the Bored Ape Yacht Club non-fungible token (NFT) series, generated $16.5 million from its first NFT auction using the Ordinals protocol on Bitcoin. These 288 NFTs, part of a collection ca
They say patience is a virtue. But markets, at least the parts and participants that we hear about every day, like quick hits. Long-term investors may sleep better at night but they don’t get much time in the spotlight.When it comes to crypto development, however, patience
In a recent episode of “What Bitcoin Did” with host Peter McCormack, Grayscale’s longtime chief executive, Michael Sonnenshein, said his company’s decision to sue the U.S. Securities and Exchange Commission (SEC) was not taken lightly. In the sometimes con
While the correlation between catastrophic crypto events and psychological trauma has not been thoroughly researched, there are extensive studies that empirically show how financial loss often results in lasting feelings of frustration, regret, and guilt.
The longer John J. Ray III leads FTX through bankruptcy, the more fantastic the story of FTX’s collapse becomes.On March 2, FTX published a press release detailing a presentation filed for the exchange’s Chapter 11 bankruptcy case, citing a “massive shortfall&rd
The institution of personal banking is incredibly powerful.You don’t even need to read a research report or some harrowing personal account to prove it. Instead, just pretend for a moment that all your bank accounts are frozen. Your credit cards don’t work either.