November 07, 2024
FTX Star Witness Caroline Ellison Begins 2-Year Prison Sentence
Cryptocurrency-executive-turned-government-witness Caroline Ellison’s stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a Connecticut low-security federal prison Thursday...
October 30, 2024
DoorDash and Lyft Partner to Offer Benefits to Mutual Customers
DoorDash and Lyft have formed a partnership that will offer their customers benefits on the local commerce platform’s local delivery service and the rideshare company’s rides. Members of DoorDash’s subscription...
October 30, 2024
This Week in Web3: FTX Engineer Singh Walks, Crypto Payments...
For almost their entire history, despite designs to the contrary, the primary role of cryptocurrencies and digital assets has been confined largely to trading and speculation. But recent advancements in...
October 30, 2024
FTX Engineering Chief Gets Probation in Crypto Fraud Case
One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Before announcing the sentence, a federal judge noted...
October 09, 2024
Stablecoins, Payments and Court Battles Define This Week in Web3
Cryptocurrency and Web3 technologies are supposed to represent the future of finance, offering a decentralized and borderless world where money, data and assets flow freely. Despite progress and setbacks, however,...
October 08, 2024
FTX Creditors Will Earn 119% Profit in Bankruptcy Settlement
Most of FTX’s creditors will profit from their investments in the failed cryptocurrency exchange. That’s according to a bankruptcy agreement approved Monday (Oct. 7) by a federal court, giving 98%...
October 04, 2024
Visa, PayPal and Others Could Bring Utility and Legitimacy to...
In 2022, the de-pegging of the TerraUSD (UST) stablecoin led to a cryptocurrency sector collapse, ultimately exposing fraud at FTX and elsewhere. Much has changed since then, particularly as it...
September 25, 2024
Stablecoins, Tokenization and Caroline Ellison Headline This Week in Web3
Cryptocurrency’s wild ride isn’t over yet. Regulators are closing in, and innovation is speeding up. It’s safe to say that the blockchain landscape remains a bit of a battleground. Price...
September 24, 2024
Caroline Ellison Gets 2 Years in Prison for Role in...
Caroline Ellison, the former executive who played a role in the collapse of the FTX crypto exchange and later became the star witness in the prosecution of FTX founder Sam...