Ah, the sweet irony of great expectations. A digital currency born out of rebellion—created by an anonymous entity right after the 2008 financial crisis that America gifted the world—is now being paraded around by the very institutions it was designed to overthrow. Bitcoin was meant to challenge financial systems under sovereign control. By offering an…
Financial bubbles are inherently political. John Law’s doomed pumping of Mississippi Company stock in 18th-century France came with the state’s blessing. Deregulation also helped fuel Japan’s 1980s market boom. More recently, Sam Bankman-Fried (SBF), the frizzy-haired mogul jailed for his role in cryptocurrency exchange FTX’s collapse, was accused by prosecutors of using over $100 million…
Much to the chagrin of cryptocurrency investors, WazirX, a leading crypto exchange, witnessed a massive security breach on Thursday in one of its multi-sig wallets, leading to the loss of over $230 million in withdrawals. The exploiter is reportedly selling the stolen tokens, which include $100 million worth of shiba inu and $52 million in…
