The Death Star of global finance is starting to have a good feeling about crypto…even if no one else does. Goldman Sachs plans to spend tens of millions buying or investing in crypto companies, Reuters reported Tuesday. The FTX implosion…
Crypto’s biggest players are attempting to avoid a (block)chain reaction. After the epic collapse of crypto firm FTX last week, the rest of the industry’s key exchanges — Binance, Crypto.com, and the like — are rushing to ward off panic…
Is FTX CEO Sam Bankman-Fried the Elizabeth Holmes or Bill Hwang of crypto? After fellow exchange Binance wiggled out of a deal to acquire the firm earlier this week (and backstop its massive losses), FTX finds itself seriously short on…
Endlessly taxiing on the tarmac at least won’t be a waste of energy soon. This weekend, Icelandair CEO Bogi Nils Bogason announced the airline plans to fly emissions-free on all domestic flights by the end of the decade. If the…
Like a digital Lassie, Dogecoin has come to the rescue of the world’s richest man. After a months-long legal quagmire, Elon Musk finally completed his acquisition of Twitter on Friday for a lot more than he wanted to pay. Fortunately…
Former WeWork CEO Adam Neumann is currently the subject of an Apple TV+ drama that depicts how he led that company into “an implosion unlike any other in the history of start-ups” (as The New York Times described it). So…
“Breaking up is hard to do,” sang heartthrob crooner Neil Sedaka in 1962, clearly unaware of life as an Ernst & Young partner in 2022. According to internal plans obtained by The Wall Street Journal, a proposed split of the…
It’s been a harrowing few weeks for anyone tracking the Nasdaq or the S&P 500. But look to the land of cryptocurrencies — you know, the decentralized economy that’s supposed to be safely cordoned off from the volatile world of…
Recent headlines haven’t exactly been kind to the crypto sector. Collapsed stablecoins TerraUSD and Luna turned out to be stable in name only. Bitcoin is down 37% for the year. Berkshire Hathaway’s Warren Buffett and Charlie Munger delighted in taking…
You’ve heard the pitch. Someone in your life — whether a Reddit-trawling younger cousin or a suddenly sorta-wealthy colleague — is a cryptocurrency evangelist, and, at this point, you’ve likely heard their sermon on the thrills of ditching fiat currency,…
Though cryptocurrency may be a central building block to the decentralized finance movement, its user base is now solidly more institutional than underground. In 2021, Wall Street upped its crypto investments in a big way, trading $1.4 trillion worth of…
