Instead, MacAskill is the thinker perhaps most associated with the moral philosophy known as “effective altruism,” which was profoundly influential on Bankman-Fried, Alameda CEO Caroline Ellison and others in their intimate…

Just over 51%, or 24.6 million addresses of the total 47.9 million, are below purchase price on their investments, according to data provided by blockchain analytics firm IntoTheBlock. About 45%…

Bankman-Fried was worshiped by much of the media when skepticism might have been better: Is Sam Bankman-Fried, the disheveled, media-hungry founder, a sociopath, as some are beginning to say? Or…

And while SBF’s FTX takes the cake for crypto’s biggest con in dollar terms, it’s noteworthy how many other conmen crypto has produced: Mt. Gox’s Mark Karpeles, QuadrigaX’s Gerald Cotton,…

And that’s where the danger comes in. Because it’s not just hypocritical to act like capitalist accumulation is altruism. It’s also a great way for people like Bankman-Field to avoid…

Bitcoin has dropped 77% from its trading peak in November of last year to the latest blizzard of the crypto winter: FTX’s implosion and bankruptcy. Source: Crypto bubble: Bitcoin is…

Fallout from the collapse of FTX appears to be spreading as companies struggle with falling token prices and a liquidity crunch. Source: BlockFi May File for Bankruptcy, According to Report,…

Previously: NBER research paper finds college educated workers should postpone saving for retirement until they are older – Coldstreams Possibly: “Are you saving more than you need for retirement?” –…

For all the attention that soaring inflation has gotten this year, one of its most surprising direct offshoots has gone largely unnoticed: US government debt is shrinking rapidly. Not in…

Beyond Meat hit a high of $194.95 but now trades at about $22/share. Challenges: Product costs +70% more per pound than genuine meat Consumers turned off by high prices Sales…