CoinDesk Crypto

The doomsayers have been busy ringing the death knell over the past week, proclaiming, not for the first time, that the crypto industry is dead and buried following the collapse of FTX. 

It’s been a rough year for NFT (non-fungible token) investors. Between market constrictions, rug pulls and failed projects, many buyers are left holding assets that represent a considerable unrealized loss.As the 2022 tax year comes to a close, NFT traders may hope to tax-l

Cryptocurrency and digital-asset markets have seen extreme drawdowns throughout 2022. With bitcoin (BTC) alone down over 50% this year, the portfolios of many investors are in the red this year.While investors are feeling the pain from the market downturn, it’s important to

Despite the hot weather, the country is still deep in the icy clutches of the ongoing crypto winter. A market long dominated by speculators trying to make a fast buck, cryptocurrency has never been a...

Alex Bornyakov, deputy minister of digital transformation of Ukraine, took to Twitter Monday night to officially deny a conspiracy theory around the country's crypto fundraising effort."A fundraising crypto foundation @_AidForUkraine used @FTX_Official to convert crypto donations

A hammer is going to fall on crypto exchange FTX. The question is how heavy it might be.The collapse of FTX will likely give rise to a number of criminal and civil actions against the exchange and its executives, like former FTX CEO Sam Bankman-Fried. It’s also likely to pu

After one of the most dramatic weeks in crypto history, in which a large and highly regarded trading platform was revealed to be engaging in shady financial management resulting in a multibillion-dollar balance sheet hole and the bankruptcy of more than 130 related companies, we&

After one of the most dramatic weeks in crypto history, in which a large and highly regarded trading platform was revealed to be engaging in shady financial management resulting in a multibillion-dollar balance sheet hole and the bankruptcy of more than 130 related companies, we&

In a bankruptcy that is being compared to the sudden collapse of Lehman Brothers in the 2008 crash, FTX, one of the largest global cryptocurrency exchanges, has fallen dramatically, losing billions and declaring bankruptcy over the course of a few days. 

Just a few hours after embattled FTX -- and its 130 subsidiaries -- filed for bankruptcy and Sam Bankman-Fried stepped down as CEO, the crypto exchange said it was hacked.  The crypto assets could be...

Just a few hours after embattled FTX -- and its 130 subsidiaries -- filed for bankruptcy and Sam Bankman-Fried stepped down as CEO, the crypto exchange said it was hacked.  The crypto assets could be...

The path to taxation for digital assets in the U.S. is still in its infancy. As with any novel type of property, there is much to be done to appropriately designate these assets within a certain tax class.While the taxation of cryptocurrency, non-fungible tokens (NFTs) and their

In my latest conversations with private clients, the number one question I get asked is about tax loss harvesting (TLH). TLH is best thought of as purposefully selling an investment you bought that is currently below your purchase price to lock in a capital loss on your taxes.Due

What happens when you donate a non-fungible token (NFT) to an art museum? It’s surprisingly unclear. Should museums even accept NFTs? Maybe, depending on the museum and the NFT. Many museums collect digital art, which obviously includes NFTs. And at least some NFTs are alre

The consensus method is arguably the most crucial building block of distributed ledger networks because it defines how individuals reach agreement in a global and permissionless system.

The consensus method is arguably the most crucial building block of distributed ledger networks because it defines how individuals reach agreement in a global and permissionless system.

I’m not going to mince words. The fraud-driven collapse of FTX and Alameda is, in my estimation, the worst single event in the crypto industry since its inception. Even though as a share of overall crypto market cap the impact may have been less in relative terms than Mt Go

Last week FTX, once the third-largest crypto exchange by volume, owned and run by founder Sam Bankman-Fried (SBF), went through a meltdown. Here’s how that went down:On Nov. 2, a CoinDesk scoop showed that Alameda Research, SBF’s quantitative crypto trading firm, had

The collapse of FTX has caused yet another destructive wave to wash over crypto – the world of altcoins, crypto exchanges and overleveraged entities.It’s impossible to say at this point how much collateral damage the loss of what was once the third-largest crypto exch

Journalists don’t like to be the story. We prefer to tell it.But with CoinDesk playing a central role in this week’s FTX meltdown – following Ian Allison’s bombshell on Alameda Research’s suspect balance sheet last week – I got to thinking that