The liquidator of bankrupt crypto exchange FTX is trying to retrieve nearly $4 billion for creditors—from another bankrupt crypto firm. After a hearing on June 15, a court in the Southern District...
It’s no secret that the US Securities and Exchange Commission has been investigating Binance, the world’s largest crypto exchange—which has no head office or formal address but processes $12 billion worth of cryptocurrency transactions...
As cryptocurrencies rise and fall, there’s one number that just keeps going up. Whenever somebody loses money to a crypto scam or hack, the Grift Counter on Molly White’s blog, Web3 Is...
This year was supposed to be one big victory lap for Revolut, the UK’s largest fintech. The firm trumpeted its first ever year of profitability in March, having tripled its earnings year-on-year, and...
“I think it’s funny—that’s it!” says Ace, an investor in meme-based cryptocurrencies from Toronto, Canada. The point of meme coins, he explains, is that there is no point. It’s all one big joke.Ace, who...
It wasn’t long after the wheels fell off at FTX that the I-told-you-sos began. On November 11, the crypto exchange filed for bankruptcy, and billions of dollars worth of customers’ crypto was...
Something needs to be done about crypto. In 2022, billions of dollars were lost to crypto bankruptcies and hundreds of millions more to hacks. The mess has spilled over into traditional finance, with...
At 19:27 Eastern time on April 12, the Ethereum blockchain, home to the world’s second-most-popular cryptocurrency, ether, will finally sever its links to crypto mining. Within the Ethereum bubble, a sense of...
