Libra Shrugged News Today

Bankman-Fried promoted himself as an eccentric genius. In reality, his image was a distraction from what was going on inside FTX

The ‘cryptopocalypse’ shines a light on a murky world that has lost punters billions

It had the blue-chip partners, the tech and the right players. None of which could save it.

It had the blue-chip partners, the tech and the right players. None of which could save it.

It had the blue-chip partners, the tech and the right players. None of which could save it.

The Next Frontier for the Surveillance State Countries are launching digital currencies to rival Bitcoin—and opening up new ways to snoop on their citizens in the process. ILLUSTRATION BY DANIEL ZENDER At first, it might have sounded like manna from heaven. Chinese authorities announced they would be distributing more than $1 million to a select number of citizens, as part of a test of its new currency: a digital yuan that could be easily spent almost anywhere. Reports out of China showed hap...

Advertisement Even as bitcoin soars in price and enjoys a wider demand as an asset, Australian investors and analysts are divided over its longer-term implications for cryptocurrency on the world. Sydney-based venture capitalist Mark Carnegie says that although bitcoin is flawed, cryptocurrency points to new possibilities for global finance that Australian policymakers ignore at their peril. “China understands that this is their weapon to replace the US dollar as the world’s reserve c...