Sam Bankman-Fried Trial

Plus, lizards and pooper scoopers.

The fall in the price of bitcoin combined with a surge in energy prices have made this a tough year for businesses that mine crypto.

The former executives are Caroline Ellison, who headed Alameda Research, and Gary Wang, an FTX co-founder. Also, as part of our Econ Extra Credit series on “It’s a Wonderful Life,” we discuss community-centered banking.

Despite a raft of prosecutions and losses to investors in the billions, some say the industry has what it takes to find its feet.

The charges come shortly after the former FTX chief was arrested in the Bahamas. Elsewhere, in the second installment of our series on the invention of the transistor, we take a look at Nokia Bell Labs and its innovative history.

“Interest in the crypto space, generally speaking, tends to track the price of bitcoin,” a UCLA professor says of his computer science students.

There’s no FDIC for crypto.

The saga of a failed crypto exchange continues.

FTX operated outside the confines of traditional regulations, and its customers are unlikely to recover their funds, says Semafor’s Liz Hoffmann.

Binance cited a due-diligence check, saying the issues at FTX were “beyond our control or ability to help.”