Crypto evangelicals and the collapse of FTX are the reason we need to regulate

Published by
City AM

By Sascha O’Sullivan In the mid-to-late 2000s an individual known as Satoshi Nakamoto pioneered a new and innovative idea called Bitcoin – a cryptoasset that has since sparked the creation of more than 10,000 others. Crypto – much like its pseudonymous founder – has always been shrouded in mystery – but its technology is already used to trade, transfer value, and invest every day. It is largely underpinned by a new technology called blockchain: a secure peer-to-peer network ordered in chronological blocks – with carefully crafted unique code recording each and every detail transferred via the …

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