In early November, as Andrew Gronek learned from YouTubers that FTX, the giant cryptocurrency exchange where he’d deposited his money, was on a downward spiral, he didn’t believe it. After all, the thirty-three-year-old living in Tempe, Arizona, had been told that his cash was as safe in FTX US as it would be in a …
FTX Convinced Poor People Their Money Was Safe in Crypto. It Wasn’t. Read More »
US Senator Elizabeth Warren called on Congress to ensure that regulators, such as the Securities and Exchange Commission (SEC), have the tools to effectively regulate the crypto industry and crack down on crypto money laundering activities. “The current legal structure essentially holds a giant sign above cryptocurrency that says money laundering is taking place here,” …
Editor’s note: Jake Cline is a Miami-based writer and editor whose work has appeared in the Washington Post, The Atlantic and other national newspapers. He was a member of the 2019 Pulitzer Prize-winning team for the South Florida Sun Sentinel’s coverage of the mass shooting at Marjory Stoneman Douglas High School. The opinions expressed here …
Opinion: Miami is one step closer to imploding its crypto dreams Read More »
Illustration by Mitchell Preffer for Decrypt The markets were mostly frozen this weekwith most of the leading cryptocurrencies seeing very little price movement by the end of the year, apart from a few unlucky ones—notably Solana and Dogecoin, which suffered double-digit percentage declines. It was another week of relatively few crypto adoptions or shipments from …