Quantum Startups’ Stock Market Dreams Are Decohering
[ad_1] At the end of September, Rigetti reported $212 million in assets and a net loss of $49 million for the year to date. The SPAC deal was originally expected to net $458…
FTX Has Wrecked the Crypto Party in Paradise
[ad_1] 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.…
No One Will Escape the FTX Fallout
[ad_1] 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…
The Case That Foreshadowed the Lessons of the FTX Collapse
[ad_1] For the past three seemingly glorious years, the 30-year-old boy wonder Sam Bankman-Fried, or SBF, crowned the “King of Crypto,” bore an uncanny resemblance to the legendary character Robin…
Embrace Diversity or Get Left Behind
[ad_1] In the summer of 2020, the death of George Floyd sparked global conversations about race and racial justice. It inspired soul-searching and a chorus of commitments to greater racial…
Why the World Fell for FTX CEO Sam Bankman-Fried
[ad_1] Back in April I paid $12 to “attend” a virtual event with 30-year-old crypto billionaire Sam Bankman-Fried. Around 45 other people registered for the Zoom, which was hosted by…
How ‘Buy Now, Pay Later’ Really Works
[ad_1] Lauren Goode: Which is tech. Michael Calore: Which is technology. We were going to talk about technology on her show as well, but we just ended up talking about…
Max Levchin’s War on Credit Cards
[ad_1] Photograph: Karen Santos Max Levchin isn’t anti-credit, he really wants you to know. He’s anti-credit card. There’s a big difference. He will talk about credit cards endlessly, and he’ll skillfully…
Crypto Contagion Is Spreading, Fast
[ad_1] To ensure Genesis wasn’t hamstrung by the loss, its parent company, Digital Currency Group (DCG), bailed it out. But in the aftermath, Genesis cut 20 percent of its workforce to reduce…
I Lost $17,000 in Crypto. Here’s How to Avoid My Mistake
[ad_1] In 2014, I bought 25,000 dogecoin as a joke. By 2021, it was briefly worth over $17,000. Problem was, I couldn’t remember the password. Determined to get my coins…
The Race To Save Sam Bankman-Fried’s Other Crypto Exchange
[ad_1] Decentralized exchanges differ from their centralized counterparts (like FTX, Binance, Coinbase, and others) in a few important ways. Most notably, instead of relying on an intermediary to match buyers…
Elizabeth Holmes of Theranos Gets 11 Years in Prison
[ad_1] Elizabeth Holmes has been sentenced to just over 11 years in prison for defrauding investors by falsely claiming her technology could detect diseases from a drop of blood. The…
The Hunt for the FTX Thieves Has Begun
[ad_1] That means it will be very difficult for the thieves to abscond with their profits in a spendable form without being identified, says Michelle Lai, a cryptocurrency privacy advocate,…
This Billion-Dollar Crypto Collective Is Tearing Itself Apart
[ad_1] Something on which everyone can agree, whether fans of Christensen or not, is that the existing governance system is in need of reform. “There are a lot of teams,…
What the Hell Happened to FTX?
[ad_1] CZ has denied that he deliberately created a liquidity crisis at FTX—”I spend my energy building, not fighting,” he tweeted on November 7—but Tim Mangnall, whose company Capital Block…
China’s Digital Yuan Works Just Like Cash—With Added Surveillance
[ad_1] By the mid-2010s, Chinese people in big cities had generally switched from using cash to using Alipay and WeChat Pay. By the end of 2021, about 64 percent of…
Fintech in Latin America and Africa Is Breaking the Mold
[ad_1] This rings true for a country like Brazil. In 2019 the Central Bank of Brazil created Pix, an instant payment ecosystem that allows people, companies, and government entities to…
Cannabis Banking Startups Want to Make It Easy to Buy Weed
[ad_1] Physical safety is also a concern that fintech startups are trying to address. The more banks that go online and enter the space, the safer the people involved in…
Startups Have a Sellout Problem. There’s a Better Way
[ad_1] Onetime startups like Meta, Twitter, and Amazon are now part of the world’s infrastructure, acting as today’s local news, phone lines, and postal service. They don’t just drive economies;…
A Crypto Alchemist Made Me an Accidental Billionaire
[ad_1] When I present this very mundane answer to him, Broeksmit is unconvinced. He keeps creating new tokens, watching their value skyrocket, then deflate a few days later. But the…
Are You a Victim of Crypto Crime? Good Luck Getting Help
[ad_1] Most day-to-day crime-fighting gets done at the local level, but when it comes to crypto crime, local law enforcement is not prepared to pick up the slack. Many smaller…
Vitalik Buterin on What’s Next for Ethereum After the Merge
[ad_1] GL: You’ve written a lot about governance, and I’m interested in the potential uses of blockchains for governments and societies. What is the potential of using decentralized systems like…
Raising Startup Funding Used to Be Easy—Not Anymore
[ad_1] In 2021, when Roshan Patel was raising his startup Walnut’s first round of funding, his email inbox overflowed with interest from investors. Venture capitalists loved his idea of applying…
Colleges Are Already Ditching Income-Share Agreements
[ad_1] Student advocates say that feature constitutes a prepayment penalty, which is forbidden under federal rules governing student loans. In its March announcement, the Department of Education declared that ISAs…
Big Tech Can’t Stop Obsessing Over Apple and TikTok
[ad_1] Every three months, Wall Street watches with anticipation for bumper results from Big Tech companies. Over the course of a little more than a week, Snap, Alphabet, Microsoft, Meta,…