FTX Trading Ltd. CEO Sam Bankman-Fried (SBF) has resigned. FTX.com (formerly the second-largest crypto exchange in the world), West Realm Shires Services Inc (FTX U.S.), Alameda Research Ltd., and approximately 130 additional affiliated companies (the FTX Group) have filed for bankruptcy protection in the U.S. John J. Ray III has been appointed CEO of the FTX Group. Even if you've never invested a penny in crypto (or even thought about it), the value destruction wrought by SBF is going to have an impact on how you spend your day. Continue Reading →

Leave Kim Alone!

Kim Kardashian
The Securities and Exchange Commission announced charges against Kim Kardashian for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. Continue Reading →

May She Rest In Crypto

First, my heart goes out to Queen Elizabeth's family and loved ones, as well as to the citizens of her realm. May she rest in peace. Of course, there's also a vile, disgusting, and evil crypto story to accompany the Queen's passing, which comes with a teachable moment. Continue Reading →

SEC vs. CFTC vs. Crypto

On July 21, 2022, the Securities and Exchange Commission (SEC) announced "insider trading charges against a former Coinbase product manager, his brother, and his friend for perpetrating a scheme to trade ahead of multiple announcements regarding certain crypto assets that would be made available for trading on the Coinbase platform." Continue Reading →
Over the next few days, Android users may notice Google Wallet showing up on their phones. The successor app to Google Pay was announced at Google's 2022 I/O event as a way to manage all of your digital cards: credit, debit, ID, vax status, tickets, and more. Continue Reading →
Greetings from NYC and happy Summer Solstice (to those who celebrate). NFT.NYC is in town this week, and to say that a "hard dose of reality" has hit the faithful would be to mischaracterize the vibe. People in the business know that the current market conditions are universal. They know that the underlying technology and associated business models are evolving, and they also know that – most importantly – the shakeout, while painful, is a required growing pain. Continue Reading →