KT

Kyle Torpey

Kyle started writing about Bitcoin in 2013. What started as a hobby quickly turned into a position as the Editor-in-Chief of Crypto Coins News in early 2014.

As Bitcoin was dealing with its block size war from 2015 to 2017, Kyle was covering the latest developments and offering his own analysis at Bitcoin Magazine. During this time, Kyle also had multiple stints as the Editor-in-Chief of Inside Bitcoins and contributed to many other media outlets such as Vice and American Banker.

Over the years, Kyle's work has also been featured in Fortune, CoinDesk, Business Insider, and Wired UK. Additionally, he's developed a large following on Twitter, where he is ranked 30th in the Bitcoin community by Hive.one.

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Publications

  • Investopedia.com
    1 article
  • yahoo.com
    1 article
  • Investopedia
    1 article

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  • Why A New Rule Helped Tesla Get $600M in Bitcoin Gains But May Cost MicroStrategy Billions
    1 Feb—Investopedia.com
    Key Takeaways Tesla earlier this week reported a $600 million profit associated with its bitcoin holdings, which accounted for a little more than a quarter of its fourth-quarter profits. The company was able to book these bitcoin-derived profits thanks to a change in Financial Accounting Standards Board guidelines for crypto assets. MicroStrategy could be liable for billions of dollars in taxes due to the same accounting rule change. A recent change to accounting rules may have helped deliver...
  • Why FTX's Plan To Refund 90% of Recovered Assets Doesn't Add Up To 90% of Customer Losses
    20 Oct 2023—Investopedia
    Key Takeaways Failed crypto exchange FTX proposed a plan this week to refund up to 90% of distributable assets to customers. Distributable assets are funds FTX has been able to recover, not the actual amount of funds lost by customers. Actual recovery for customers could be lower, according to some FTX creditors. Those who withdrew more than $250,000 from FTX in the days prior to its collapse will be able to pay a 15% fee on those funds to avoid potential clawback. Refunds to be made in...
  • Crypto Payments Firm Wyre to Close Operations
    19 Jun 2023—yahoo.com
    Wyre is Focused on Liquidating Assets for its Investors San Francisco-based crypto payments firm Wyre has announced its decision to wind down operations in order to protect the interests of its users and stakeholders. The company, which launched in 2013, urged its users to withdraw their assets from the platform by July 14. Wyre's troubles began when a deal for acquisition by U.S. tech company Bolt fell through in September 2022. Subsequently, Wyre modified its withdrawal policy due to...

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