Could Sam Bankman-Fried’s Saga Happen Without Crypto?
Is crypto “uniquely” responsible for the rise and fall of FTX?
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Is Michael Lewis Throwing Out His Reputation to Defend Sam Bankman-Fried?
The author’ latest book, “Going Infinite,” is an eyewitness account of the fall of FTX’s founder, who Lewis said is “misunderstood.”
EmSam, Jury Questions and Another Denial for Bankman-Fried
In a rare display of candor – or as part of a calculated exercise in reputation management – Sam Bankman-Fried delved deep into his mental health struggles in a trove of unposted tweets obtained by CoinDesk’s Christine Lee and published for the first time on Friday. “I don’t really know what ‘happiness’ means,” he said in one of the tweets, which he wrote just weeks after his crypto empire blew up last year, as he was facing down a tidal wave of public scorn.
Americans (Seemingly) Aren’t Allowed to Put This Economic Theory to the Test
(Jen Theodore/Unsplash, modified by CoinDesk)
Sam Bankman-Fried Sort of Had a Rough Day
Yesterday was arguably not a great day for Sam Bankman-Fried. First, the judge overseeing his case rejected all seven of his proposed expert witnesses*, questioning at least one’s qualifications and saying some others really wouldn’t be relevant to the case.
Vote if You Want, but Remember ‘Cypherpunks Write Code’
The New York Department of Financial Services is concerned about token delistings disrupting markets. (Gilbert Ortega/Unsplash, modified by CoinDesk)
The Sam Bankman-Fried Trial Is a Family Affair
Sam Bankman-Fried, right, and his parents, Joe Bankman and Barbara Fried (Victor Chen/CoinDesk)
The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M
Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators is mushrooming toward 1 million, introducing new concerns related to the sprawl. We discuss how Ethereum developers are addressing the issue with the EIP-7514 proposal.
Does Coinbase Have a Diversification Problem?
CEO Brian Armstrong posted 10 crypto startup ideas to Twitter he wishes someone would build. Why not Coinbase? (Coinbase, modified by CoinDesk)
Crypto Wants a De Minimis Tax Exemption in the U.S.
The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this month.