Joel Khalili

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A New York Court Is About to Rule on the Future of Crypto

Three days before Christmas 2020, the US Securities and Exchange Commission charged Ripple, a company based in San Francisco that provides the infrastructure for cross-border payments, and two of its executives with conducting...

Crypto Faces a Banking Crisis. For Some, It’s a Conspiracy

When Citibank locked trading platform Swan Bitcoin out of its corporate bank account in October, it did so without warning or explanation. The only confirmation of what had happened came in the...

In Ukraine, Crypto Finds a Purpose

In the 12 months since Russia began its full-scale invasion of Ukraine, more than 14 million Ukrainians have been forced from their homes in what the United Nations has described as “the fastest,...

A New Crypto Mixer Promises to Be Tornado Cash Without the Crime

Under Soleimani’s system, individual users will be responsible for marking out which other depositors they do not want to be associated with. In practice, he imagines that will mean using blacklists compiled...

Bitcoin Miners Are Playing a High-Stakes Game of Chicken

“It’s kind of a last-man-standing situation,” says Fred Thiel, CEO of US-based Marathon Digital Holdings. His crypto-mining company, among the largest in the world, has found itself—like the rest of the industry—in...

Confusion Spirals in Crypto as the US Cracks Down

The US Securities and Exchange Commission is on the warpath—and crypto is in its crosshairs. Over the weekend, The Wall Street Journal reported that the agency intends to sue crypto firm Paxos for issuing BUSD,...

FTX Has Wrecked the Crypto Party in Paradise

In the two years since, a collection of startups and large crypto companies have set up shop in the Bahamas, among them FTX and OKX, another large crypto exchange. Separately, Tether, whose...

No One Will Escape the FTX Fallout

Genesis Global Trading, one of crypto’s oldest and most storied institutions, is in dire straits. In November, in the wake of the implosion of the crypto exchange FTX, the company’s lending unit...

Joel Khalili

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