As the world locked down for COVID, meme-assets like Dogecoin and Disaster Girl grabbed the attention of a younger generation of retail investors. Three years later, memes are driving value across financial markets. This feature is part of our "CoinDesk Turns 10" series.
The fall of the Japanese exchange in 2014 caused 750,000 bitcoin to go missing, putting crypto’s future in doubt. The event reverberates to this day, says Jeff Wilser.
Michael J. Casey is senior columnist covering global economics and markets at The Wall Street Journal. Along with WSJ Moneybeat blogger Paul Vigna, Michael is the co-author of the "The Age of Cryptocurrency," a book about bitcoin and its potential impact on the global economy. Michael s "Horizons" column appeared on Moneybeat, as did his daily "Macro Horizons" report, a roundup of global economic and financial events. He also was a regular host of the AM News Hub show on WSJ Live.
It's fair to blame regulatory agencies and Congress for failure to properly oversee crypto. But the industry also needs to look to its own failings, says William Mougayar.