Cypto

Chainalysis CEO Michael Gronager steps down in move described as temporary

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Michael Gronager, co-founder and CEO of Chainalysis, has taken a personal leave of absence from the company. The blockchain analysis outfit isn’t sharing why but says the development is temporary.   According to The Block, which first reported the news, Chainalysis President and COO Sari Granat,  who joined the outfit in 2022, is acting as interim […]

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Binance founder ‘CZ’ released from custody after four-month sentence

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Binance founder Changpeng “CZ” Zhao was released from US custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activity on the world’s largest cryptocurrency exchange. CZ pleaded guilty to the DOJ’s charges,

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Tomasz Tunguz’s Theory Ventures bets $12M on Initia, the ‘iOS for web3’

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The promise of blockchain to change the world hasn’t materialized. For the most part, the technology has instead enabled people to speculate on a new asset class. A big hurdle to realizing blockchain’s full potential, web3 proponents argue, is that decentralized services are incredibly hard to build. Tomasz Tunguz, best known for his popular startup

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Caroline Ellison sentenced to two years in prison for FTX fraud

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Caroline Ellison, the former CEO of FTX affiliate Alameda Research, was sentenced to two years in prison on Tuesday. Ellison had pled guilty to conspiring with FTX’s Sam Bankman-Fried to steal $8 billion worth of customers’ funds, but she was an exceedingly cooperative witness, helping law enforcement to investigate the massive fraud scheme. Her two-year

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A walk through the crypto jungle at Korea Blockchain Week

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Blockchain technology is all about decentralization and virtualization. So it’s a little ironic that humans love to come together in person at big blockchain events. Such was the case last week in Seoul, where a record 17,000 people and 300 speakers came together for Korea Blockchain Week. Like traditional tech conferences, the event featured a

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Sam Bankman-Fried appeals conviction, criticizes judge’s ‘unbalanced’ decisions

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Lawyers representing Sam Bankman-Fried, the FTX CEO and co-founder who was convicted of fraud and money laundering late last year, are seeking a new trial. Following crypto exchange FTX’s collapse, Bankman-Fried was found guilty on all seven counts, then sentenced to 25 years in prison and ordered to pay $11 billion in forfeiture. He has

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Telegram CEO Durov’s arrest hasn’t dampened enthusiasm for its TON blockchain

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Telegram has had a tough few weeks lately. The messaging app’s founder, Pavel Durov, was arrested in late August and later released on a €5 million bail in France, charged with running a company complicit in distributing child sexual abuse material, and facilitating drug trafficking and organized fraud. Predictably, that crashed the price of the

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Bitcoin and NFTs may get greater legal protections as ‘personal property’ under proposed UK law

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The U.K. government has introduced a new bill to Parliament that proposes new legal protections for digital assets such as cryptocurrency, non-fungible tokens (NFTs), and carbon credits. The bill comes as the crypto sector contends with a range of regulatory headwinds: In the U.S., the Securities and Exchange Commission (SEC) has ruled that certain crypto

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Aptos CEO Mo Shaikh shares his journey to web3 and market opportunities in Asia and Middle East

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As a young immigrant in Brooklyn, Mo Shaikh often pondered over his father’s taxi earnings. His father would say he made $100, but Shaikh couldn’t understand why only $60 made it home. (The rest, he learned, went to intermediaries.) This early experience sparked his curiosity about financial systems, but also their shortcomings and the need

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