A few months ago, news broke of an insider trading ring at Coinbase, one of the many crypto exchanges hoping to make the world of magical Internet money easy for normals. SEC and other authorities acted swiftly and nailed down the perpetrators; their ill-gotten gains were around million-and-a-half dollars. The accused awaits sentencing. The swift action, … Continue reading How FTX built a house of cards
Ever since the FTX story broke, I have had two recurring thought. This company reminds me of Enron, the energy company that wanted to make markets in everything — especially in gullibility. I wrote about their remarkable similarities in my piece for The Spectator, which is a news outlet where I have recently become a … Continue reading In Good Times, FOMO beats Diligence
Here are some of the stories that caught my attention today. Some of them are about technology, but not all of them. Updated all through the day, and shared via email newsletter in the evening. You like the links, sign-up for the email newsletter. Four Days trapped at sea with Crypto’s Nouveau Riche: How many … Continue reading 12/11: What I am reading today
