“I just got through a conversion (for a system) to go from COBOL to Java, It’s taken them four years, and they’re still not done.” In recent years, there have been efforts to modernize the […]

A report submitted by the Bank of International Settlements to the G20 Finance Ministers and Central Bank Governors. This report reviews the key elements of the crypto ecosystem and assesses its structural flaws. It then […]

The collapse of Silicon Valley Bank in 2023 highlighted the intertwined nature of multiple risk factors. The most critical element of the SVB case is to understand the mechanisms between the risks, and to highlight […]

AI companies are commanding bull-market prices but none have tried such a novel approach, one that seems to strip the negotiation power from venture capitalists and gives founders full control. Hungry venture capitalists inundated Rewind […]

Theoretical fund of 38 stocks has outperformed 10 most popular funds on Interactive Investor, finds finder.com A selection of stocks picked by artificial intelligence chatbot ChatGPT has delivered better performance than some of the UK’s […]

All told, AI accounted for $2.8 billion in VC investment in April, or about 13% of total funding. Global funding from venture investors plunged 56% last month compared to April 2022, going from $47.8 billion […]

Artificial intelligence will shake up many professions, but many AI startups are likely to fail, as tech startups did during the dot-com bubble, a key VC investor says. Honestly, the problem for investors right now […]

The U.S. Treasury has raised concerns about Big Tech’s market share for cloud services in the banking industry. The U.S. Treasury released a report titled The Financial Services Sector’s Adoption of Cloud Services identifying banks’ […]

It really was jarring to see those employment figures the same week that tech company after tech company reported mostly disappointing earnings, and worse forecasts, all on the heels of layoffs. Even Meta, which saw […]

Vendors that underestimate the value that banking executives place on a trusted and lasting service can expect to get left behind in the big banking SaaS bang. Banking executives “get” SaaS. They understand that the […]

The platform would essentially compete with PayPal and even Apple Pay, which lets users not only pay in stores, but also transfer money between them. Since Elon Musk became the owner of Twitter, the company […]

Never say never, but some of DeFi’s boldest explorers might view the last year as an experience not to be repeated. The weeks of chaos in decentralized finance that followed the $60 billion collapse of […]

The founders of 3AC, who are currently on the run, are raising $25M for a new crypto exchange called (no joke) GTX. Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three […]

While Tether enjoys a reputation as one of the most ‘useful’ assets in the world of crypto today, it has a long and sinister backstory, pockmarked by fraud, conspiracy and all flavours of criminal activity. […]

While originally being concentrated in bank branches and operated just for the owning bank, ATMs quickly became a business in their own right. ATMs are a fascinating example of a pattern we see a lot […]

It was a reasonable assumption to think that now that SBF had been charged with Federal crimes that could result in a sentence of over 150 years, that he would start listening to attorneys and […]

Playing hide-and-seek from tax havens is hardly a new game, but for blowup-prone crypto companies and investors, it’s an increasingly problematic one. Playing hide-and-seek among crypto’s toy villages has become a hallowed pastime. Tether and […]

The U.S. Securities and Exchange Commission (SEC) is seeking details about FTX investors’ due diligence, according to two sources familiar with the inquiry, as fallout from the crypto firm’s collapse spreads. The SEC has so […]

The world’s largest crypto exchange is much like FTX — but with more red flags. It’s been almost two months since Sam Bankman-Fried’s crypto empire came crashing down. The collapse of crypto exchange FTX and […]

The digitization of B2B payments is inevitable in the decades to come. When Henrique Dubugras and Pedro Franceschi joined the YC W17 batch with an idea for a VR startup, they quickly encountered a problem. […]

Paris Marx is joined by Molly White to discuss the ongoing collapse of the crypto industry, what to make of the implosion of FTX and Alameda Research, and what happens next with Sam Bankman-Fried. Molly […]

Former FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison are facing up to 50 years and 110 years in prison, respectively. Caroline Ellison and Zixiao “Gary” Wang, two executives in Sam Bankman-Fried’s […]

Fallout from the catastrophic collapse of the cryptocurrency exchange FTX continues to spread, and fear and panic has now turned to FTX’s one-time rival, Binance. Approximately $1.14 billion was withdrawn from Binance on Tuesday, as […]

Facebook’s real problem is that it became so obsessed with controlling users that it lost sight of all other goals. How can you fail by being too powerful? But this has happened in many instances, […]

Coffeezilla interviews Sam Bankman Freed and SBF hated it so much that he left within minutes in part because he didn’t know who he was being interviewed by. Coffeezilla: I mean I saw your Stephanopoulos […]

Changes in the global landscape are creating opportunities for incumbents and disruptors to win customers, develop new solutions, and claim market share. In short, the payments chessboard is being rearranged. Key findings in the Mckinsey […]

In his post-bankruptcy phone call interview, Sam Bankman-Fried or SBF, former CEO and founder of FTX, chats with Tiffany Fong about filing for Chapter 11 bankruptcy, the alleged backdoor and more. Sam claims he gave […]

The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way. Last night, Sam Bankman-Fried DMed me on Twitter. That was surprising. I’d spoken […]

The new CEO of the collapse cryptocurrency trading firm FTX, who oversaw Enron’s bankruptcy, said he has never seen such a “complete failure” of corporate control. John Ray III, in a filing with the U.S. […]

There are many competing theories available of exactly how Alameda and FTX burned through as many billions of dollars as they did, the reality of the matter looks something much like a combination of all […]