Dogecoin. WeWork. The Metaverse. It was an era of illusory and ridiculous promises. Story Published at: January 16, 2023 at 10:00AM Continue Reading…
The Crypto Collapse and the End of Magical Thinking That Infected Capitalism
The Crypto Industry Struggles for a Way Forward
The implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals. Story Published at: December 5, 2022 at 10:00AM Continue Reading…
Blockchains, What Are They Good For?
Growing evidence says, absolutely nothing. Story Published at: December 2, 2022 at 12:00AM Continue Reading…
Transcript of Sam Bankman-Fried’s Interview at the DealBook Summit
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange. Story Published at: December 1, 2022 at 06:30AM Continue Reading…
A Hard Fork in the Road: FTX’s Unraveling and Elon’s Loyalty Oath
Sam Bankman-Fried’s DMs go public, and Congress announces an investigation. Tech’s nightmare November continues. Story Published at: November 18, 2022 at 10:00AM Continue Reading…
Is This the End Game for Crypto?
What’s the point of reinventing banks, only worse? Story Published at: November 18, 2022 at 12:00AM Continue Reading…
They Thought They Were Invisible. They Were Wrong.
Andy Greenberg’s “Tracers in the Dark” chronicles the hunt for crypto-criminals. Story Published at: November 16, 2022 at 10:00AM Continue Reading…
Fall of a Crypto Titan Puts an Industry on Edge
The rapid collapse of the cryptocurrency exchange built by the billionaire Sam Bankman-Fried suggests that no company in the freewheeling, loosely regulated crypto industry is safe. Story Published at: November 9, 2022 at 07:44PM Continue Reading…
Keeping Up With the Crypto Influencers
Also, a group of regulators put together after the financial crisis weighs on how risky digital currencies are to the economy. Story Published at: October 4, 2022 at 01:43PM Continue Reading…
The Crypto World Is on Edge After a String of Hacks
More than $2 billion in digital currency has been stolen in hacks this year, shaking faith in the experimental field of decentralized finance known as DeFi. Story Published at: September 28, 2022 at 10:00AM Continue Reading…