Tag Archives | Crypto

“There will probably never be anything I can do to make my lifetime impact net positive”, Sam Bankman-Fried wrote in his diary after the collapse of his cryptocurrency company FTX.

On December 13, the House Financial Services Committee held a long-awaited hearing into the collapse of the FTX crypto empire.

Despite FTX’s collapse, a lawsuit linked to the exchange’s investor is trying to force regulators to allow crypto into the retirement market.

Coinbase recently filed its interim financial report. It makes pretty grim reading. A quarterly net loss of over $1bn, net cash drain of £4.6bn in 6 months, fair value losses of over 600k…

That’s what’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected.

The crypto lending platform paused withdrawals as Bitcoin spiraled downwards, sending its own token plummeting. Here’s what happened.

The get-rich-quick scheme, banned in China and elsewhere, is invading U.S. communities unchecked, posing as an “equalizing, democratizing” currency. It’s not.

Bourgeois pundits are alarmed by the Chinese government’s latest regulatory changes. A Wall Street Journal headline is typical: “China’s corporate crackdown is just getting started. Signs point to more tumult ahead.”

Last month, the two regions were warned about missing energy intensity reduction targets.

The cost and time involved in validating Bitcoin transactions makes it unusable in retail transactions. So they will always be foreign currencies, where you have to trade in and out of them into a real world currency.

Chinese cryptocurrency businesses mine two-thirds of all Bitcoin. But for how long will they remain welcome in the country?

Bitcoin’s growth from just being a tech curiosity was driven by popular discontent with banks and banking systems, mainly in the U.S. after 2008.