The online community including some cryptocurrency figures has condemned the latest so-called “sympathy” articles from The New York Times — written about FTX founder Sam Bankman-Fried. Throughout the article published on Dec. 26 titled In the Bahamas, a Lingering Sympathy for Sam Bankman-Fried, The New York Times journalist Rob Copeland interviewed local Bahamians who appeared to have mostly positive things to say about the cryptocurrency exchange founder. One resident opined he had a “good heart” with another local saying they “feel bad for him.” A resident interviewed for the article even said it “doesn't make any sense” that Bankman-Fried’s alleged …

In mid-November, as crypto markets reeled in the aftermath of FTX’s meltdown, Nobel Prize-winning economist Paul Krugman made use of his New York Times column to disparage crypto assets — again. Despite his unquestionable academic credentials, Krugman reiterated a common misunderstanding in his attempt to understand crypto assets — by conflating Bitcoin (BTC) with other cryptocurrencies. Despite being the oldest, most valuable and most well-known member of this emerging class of digital assets, Bitcoin has a unique use case that differs widely from all others. Therefore, in order to understand this asset class as a whole, it would make more …

The CEO of the worlds largest asset management firm, BlackRock, believes that the reason why FTX failed is because it created its own FTX Token (FTT), which was centralized and therefore at odds with the “whole foundation of what crypto is.” Larry Fink, who serves as chairman and CEO of the $8 billion investment company — made the remarks during New York Times’ 2022 Dealbook Summit held on Nov. 30, and added that despite his belief that FTX's own-created token caused its downfall, he believes that crypto and the blockchain technology which underpins it will be revolutionary. Centralized exchange tokens, …

Meta CEO Mark Zuckerberg is still hopeful about the company’s Metaverse plans regardless of the billions of dollars it’s sucking up from the company, claiming “someone has to build that.” Appearing remotely for an interview at the Nov. 30 DealBook Summit in New York, Zuckerberg was asked his thoughts on whether the tech giants’ Metaverse play was still viable given its cost and the doubts cast over the platform, answering: “I think things look very different on a ten-year time horizon than the zone that we're in for the next few years [...] I'm still completely optimistic about all the …

Former FTX CEO Sam Bankman-Fried apologized or admitted failure at least 12 times during his appearance at the New York Times' DealBook Summit on Nov. 30. In a wide-ranging video interview, Bankman-Fried was asked to answer a number of questions surrounding the downfall of the now-defunct exchange, with some even suggesting that some of his statements could be used to incriminate him in legal proceedings. In a Nov. 30 Twitter post, crypto attorney Jeremy Hogan, Partner at Hogan & Hogan said that the “light cross-examination” of Bankman-Fried at the DealBook Summit has already returned “at least 3 incriminating statements so …

Bankman-Fried has openly admitted that FTX loaned customer deposits to Alameda Research, FTX’s sister hedge fund, although he has characterized this as a mistake that was caused by “confusing internal labeling.” FTX’s terms of service explicitly state that customer funds will never be lent to other financial institutions or used by FTX for proprietary trades. Sam publicly stated in a now-deleted tweet, “We don’t invest client assets (even in treasuries).” The broader crypto markets have bled red in response, and other industry stalwarts now face insolvency risk with the contagion spreading to Genesis, Grayscale and many other firms that held …

Former FTX CEO Sam Bankman-Fried has once again attracted the ire of the crypto community — this time over his slated appearance at an upcoming New York City conference on November 30. Vocal members of Crypto Twitter have questioned why the former CEO of the now-bankrupt exchange continues to walk free given the events over the last month. In a Nov. 23 Twitter post, Bankman-Fried announced he will be speaking with New York Times journalist Andrew Sorkin at the DealBook Summit “next Wednesday.” The news was confirmed publicly by Sorkin, who said: “There are a lot of important questions to …

Coinbase CEO and co-founder Brian Armstrong have applauded the work of citizen journalists and blockchain analysts surrounding the unfolding FTX crisis and its former CEO Sam Bankman-Fried. In a Nov. 16 tweet that has been retweeted over 9,000 times at the time of writing, Armstrong suggested that it has been regular citizens, rather than traditional media that has uncovered many of the developments associated with the liquidity crunch and subsequent bankruptcy filing of FTX. Commenting on a recent New York Times "puff piece," Armstrong said it: "Feels like a turning point for citizen journalism and loss of trust in MSM" …

When the world realized the fraud Sam Bankman-Fried (SBF) committed to building his FTX empire, fellow entrepreneurs, investors and long-time believers unanimously acknowledged the damage caused to the credibility of the crypto ecosystem. On the other hand, mainstream media — that predominantly attacked crypto via negative speculations — has seemingly taken sides with SBF while paying no heed to the losses exceeding billions of dollars incurred by the general public. While SBF refuses to interact with Crypto Twitter, the same community he once called home, he featured in a New York Times (NYT) article on Nov. 14, trying to explain …

The New York Stock Exchange has jumped on the NFT bandwagon by minting nonfungible tokens celebrating the first trade made in the shares of prominent United State companies. In an announcement on Tuesday, NYSE president Stacey Cunningham described NFTs as a “new, fun way to mark the moment” of a company’s first trade on the NYSE. The first six NYSE NFTs commemorate the first trades for Spotify, Snowflake, Unity, DoorDash, Roblox and Coupang, with Cunningham confirming “there will be many more NYSE NFTs to come.” The first NFTs are already listed on Crypto.com’s NFT marketplace, with the tokens hosting a …

Having just sold a column as a nonfungible token, or NFT, for half a million dollars, The New York Times is now wondering if the whole scene is in a bit of a bubble. In a Tuesday article, "Art’s NFT Question: Next Frontier in Trading, or a New Form of Tulip?," author Scott Reyburn questions the sustainability of the current NFT bubble and draws comparisons to the Dutch “tulip mania” of the 1630s. Tulip mania, for anyone who doesn’t hodl flowers, was a market bubble in the Netherlands that saw prices for a single tulip bulb rocket up to a …

The paper of record, The New York Times (NYT), is using the Hyperledger Fabric permissioned blockchain to guarantee the provenance of digital files. According to a new website for NYT’s News Provenance Project, the newspaper will use blockchain technology to fight misinformation in the media. The project’s purported aim is to provide a platform that is widely applicable to variously-sized publications. Blockchain technology will purportedly aid the project in recording metadata about video and audio recordings that are published by news organizations. The New Provenance Project is currently in its first phase, in which it aims to create a photojournalism-focused …