CoinDesk Crypto

Crypto investors are set to eat a lot of humble pie at this year’s Thanksgiving table. This time last year, as bitcoin and ether were setting new all-time highs, you probably looked like a genius for being able to explain what a “decentralized autonomous organization&

Hear me out.As I never tire of pointing out in meetings, there’s nothing you can do with a blockchain that you can’t also do faster and cheaper with a traditional centralized computing infrastructure. While blockchains have generated some very cool new approaches to p

The long-awaited trial of Alexey Pertsev, held Tuesday in the Netherlands, offered a few clues to how prosecutors will take their case against the Tornado Cash developer forward – including detailing what he is being charged with doing.Pertsev, who contributed code to the c

DeFi and GameFi are turning out to be the heavyweights of the cryptocurrency world. While there are creative projects being worked on in several other areas, nothing else is grabbing attention – or venture capital – like those two are.

The FTT exchange token played a key role in the downfall of the crypto exchange FTX and affiliated trading firm Alameda Research. It was the use of FTT to inflate both entities’ balance sheets, reported by CoinDesk’s Ian Allison on Nov. 2, that raised the first doubts

There’s been a lot of turbulence on Wall Street lately. As the Fed hikes interest rates and the cryptocurrency markets redefine volatility, all major market indexes have suffered the consequences.

Rumors emerged on Twitter last week claiming that the Ethereum Foundation is pushing back its timeline for staked ether (ETH) to be withdrawn from the Beacon Chain. In these volatile times for the crypto industry, when many services including FTX, BlockFi, and Genesis have halted

The Asia-Pacific Central Securities Depository Group (ACG) recently gathered to discuss and debate the major trends impacting the post-trade industry, with an overarching conference theme of “Financial Industry, Navigating the Sea of Uncertainty.”

Happy Thanksgiving to my fellow Yankees! For the rest of you, I’m counting on you to keep an eye on Twitter in case someone else files for bankruptcy. But today we’re looking at FTX’s first bankruptcy hearing.You’re reading State of Crypto, a CoinDesk news

The collapse of cryptocurrency exchange FTX has been gut-wrenching for its customers, not only those who used its flagship offshore exchange in the Bahamas but also U.S. customers of Chicago-based FTX US.But there is a silver lining to the FTX debacle. It may put an end to the wa

We are many months into the bear market that followed nearly 18 months of crypto hype. This boom was dominated by non-fungible tokens (NFT), and during this time a distinct narrative emerged around Web3 gaming. Predicated on early successes such as CryptoKitties, Web3 gaming beca

What a horrible couple of weeks. Very few of us have not passed through some degree of surprise, disbelief, shock, anger, sadness, fear and betrayal. Many, tragically, have had life-changing amounts of money disappear, at a time of peak economic uncertainty. Even those more fortu

The blockchain is the future. That’s what we’re told anyway. If you’ve heard of the blockchain, you’ve probably also heard its proponents talking about the utopian ideal of decentralized ownership.Decentralized ownership goes way beyond monkey jpegs: Some

It seems like, almost every other day, there’s another story of a collapse in the cryptocurrency ecosystem. The latest example is FTX but 2022 alone has seen similar stories come from entities such as Celsius and Voyager Digital. 

Former co-CEO of Alameda ResearchOne of the firm's first hires, who oversaw the development of ever-riskier trading strategiesRetired in early 2022When Sam Trabucco stepped down as co-CEO of trading firm Alameda Research in August, he tweeted, "But if I've learned anything at Ala

The co-founder of Alameda Research and FTXA mysterious ex-Googler who also served as chief technology officer for both firmsReportedly Bankman-Fried’s childhood friendGray Wang is not like his co-founder Sam Bankman-Fried, who loves fame and putting himself at the center of

Former CEO of Alameda ResearchChild of MIT economistsColleague of Sam Bankman-Fried from Jane Street daysThe former CEO of Alameda Research, Caroline Ellison, has spent her entire professional career as a trader. While a junior studying math at Stanford University, Ellison took h

A chief architect of the effective altruism philosophical movementMentor of FTX CEO Sam Bankman-FriedPhilosophy professor at OxfordAs the world picks through the wreckage of the collapsed crypto exchange FTX and its sister trading firm Alameda Research, scrutiny has fallen largel

The spectacular $32 billion collapse of the FTX exchange and its sister trading firm Alameda Research recently once again has crypto’s detractors gloating in the headlines. In fact, FTX bears no resemblance to most of what the longtime believers in blockchains and Web3 are

Before the arrival of European and majority white influence, the greater Americas (North, Central and South) consisted of thriving Indigenous civil societies. These communities possessed their own unique governance structures, had their own property rights, spiritual sciences and