As a Greek-American, I’ve been paying attention to the European Central Bank (ECB) for too long.Imagine the scene: There’s a teenager on the way to soccer practice absolutely in shambles because he just learned that Goldman Sachs brokered a cross-currency swap for Gre
FTX and Alameda Research founder Sam Bankman-Fried has spent the week on what may be a genuinely unprecedented media tour, sitting for a series of extended interviews even in the face of his likely imminent arrest for criminal financial fraud.This article is excerpted from The No
On Nov. 14, as the rapidly widening contagion from the FTX exchange’s collapse was thrusting crypto into an existential crisis, shoemaking giant Nike launched its bold new Web3 platform, SWOOSH.The initiative, which will allow Nike sneaker fans to buy and sell the brand&rsq
Non-fungible tokens, or NFTs, were all the rage in 2021, soaring to astronomical heights along with skyrocketing cryptocurrency prices. However, cryptocurrency prices fell off a cliff in 2022,...
Bitcoin’s moves in the light of what happened shows that it is volatile, as young markets tend to be, but that there is an underlying stability to it that is actually quite encouraging.
Andrew Ross Sorkin of the New York Times interviewed former FTX CEO Sam Bankman-Fried on Nov. 30 at the DealBook Summit. What follows is a transcript of that conversation.Read CoinDesk's coverage of the interview here.
In the weeks since Sam Bankman-Fried’s cryptocurrency empire was revealed to be a house of lies, mainstream news organizations and commentators have often failed to give their readers a straightforward assessment of exactly what happened. August institutions including the N
Officials in the European Union (EU) say their landmark new legislation, the Markets in Crypto Assets Regulation (MiCA), would have prevented FTX-style collapses – but there’s also a major loophole that could allow offshore companies to continue to operate within the
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...
