Recent bankruptcy filings and Sam Bankman-Fried's criminal indictment make it clear that fraud precipitated FTX's collapse. For many policymakers, the loopholes enabling such criminal acts haven't yet become clear. These loopholes permitted flawed – or in FTX’s case,
To say the crypto market has taken a beating in 2022 would be the biggest understatement of the year. Unfortunately for crypto investors, this has translated into huge losses and a bruised confidence...
Financial institutions are starting to realize they should have been embracing decentralized finance (DeFi) all along. By the end of 2023 the largest DeFi ecosystems will be the most demonstrably decentralized ones.Although decentralization is the bedrock on which all blockchain
We have recently been reminded that markets, as heavily as we rely on them, are far from ideal in practice. For one thing, settlement risk of major equities markets is increasingly capable of taking down the global economy. This is because of the growing number of traders occasio
“Quantity has a quality all its own.”—Thomas A. Callaghan Jr.Although the ethical and legal dimensions of the FTX meltdown will be subject to ongoing debate, this much is clear in the wake of the biggest value destruction event in the history of our industry. Ce
Ethereum’s “censorship” problem has grown over the past few months, with some validators in charge of maintaining the blockchain’s ledger ignoring certain transactions to comply with regulations. But crypto’s anti-censorship purists may have reason t
Yes, the crypto winter seems never-ending, and, yes, the industry has been marred by the FTX debacle and the arrest of Sam Bankman-Fried. Crypto on the GO: See All of the Latest Learn: 5 Things You...
Shortly after the ball dropped in Times Square on New Year's Eve welcoming in 2022, the cryptocurrency, blockchain and digital assets community rang in the new year with thoughts of mass adoption into the mainstream. Bitcoin was trading around $40,000, an iconic arena in Los Ange
Decentralized finance (DeFi) took off in the summer of 2020 and has become synonymous with the last bull market as well as a lot of speculative activity since then. DeFi was born, in part, to address the failures of banking institutions to provide for a transparent and inclusive
FTX’s implosion was a significant moment. Not just because of the millions of people who have seen their assets wiped out or the damage its contagion effect has inflicted on the industry.
The end of the year is just a date on the calendar, technically no different from the day immediately after it. Yet, it always feels like an occasion of promise and introspection. Because this is my last column of 2022, I will succumb to the temptation to look ahead and try to ex
On Wednesday, Senator Elizabeth Warren (D-Mass.) introduced the “Digital Asset Anti-Money Laundering Act,” which would impose sweeping surveillance and registration requirements on almost all participants in blockchain networks – including software developers, m
This weekend’s episode of "Saturday Night Live" began with a skit poking fun at former President Donald Trump’s recently released, meme-worthy non-fungible token (NFT) collection.“Seems like a scam and, in many ways, it is,” said James Austin Johnson, who
Over the past 12 months, crypto has seen a troubling flood of attacks and exploits. There have been too many to track – this is an issue that desperately needs to be addressed.Fortunately, there’s hope. Protocols can up their game when it comes to auditing code, monit
When Elon Musk initially took over daily operations at Twitter he said the world would know he’s doing the right thing if both sides of the political aisle were ticked off. Well, people are upset, but not because the billionaire technocrat is doing a good job – and th
The NFT market has declined in value in recent months, but NFT technology isn’t going anywhere anytime soon. Non-fungible tokens provide a variety of practical use cases.
As of now, every exchange is only able to offer two out of three of the trilemma's key components - decentralization, scalability, and capital efficiency. Let’s dive in: