A common thread has persisted throughout the market swings, technological innovations and novel use cases that define the rise of crypto: taxes. The industry’s exciting new concepts and vernacular can leave one overwhelmed and confused. Then quickly comes the realization &h
Even before this year’s crypto winter where investors have lost more than $2 trillion, leading up to the dramatic FTX collapse that played out in real time across crypto-Twitter timelines, crypto’s drive towards more regulation was already rising.
Only just a few weeks ago, it seemed like the crypto universe had found a new sense of calm and stability – leave it to Coindesk’s journalists to pop that illusory bubble in dramatic fashion.We’re now around two weeks out from the report that took down FTX, stro
We don’t yet know exactly what happened inside FTX. Perhaps we never will. But it’s been a rocky year for crypto, and we’ve begun to learn from the lessons of history
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
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