Is the Sam Bankman-Fried Story Over?

“He spent his customers’ money and he lied to them about it. Where did the money go? The money went to pay for investments, to repay loans, to cover expenses, to purchase property, and to make political donations,” Roos said last year. During the sentencing hearing, he went further, saying, “the fact that Mr. Bankman-Fried … Read more

Longtime Stanford coach Tara VanDerveer retires after 38 seasons with the Cardinal

Tara VanDerveer is the winningest head coach in both men’s and women’s Division-I basketball. (John Todd/NCAA Photos via Getty Images) Tara VanDerveer is calling it a career. The longtime Stanford head coach announced on Tuesday night that she was retiring. The Cardinal will now promote assistant coach Kate Pay, who played for VanDerveer herself, to … Read more

Why Christie’s First Bitcoin Inscriptions Auction Matters

However, the general public’s distaste of NFTs hasn’t stopped the art industry from embracing them. In 2021, Christie’s auction house made history with the $69 million sale of Beeple’s “Everydays” collage. Since then, the storied company has expanded further into the realm of crypto, including countless NFT auctions, investments in Web3 firms via Christie’s Ventures … Read more

Venture Firm A16z Releases Jolt, a ‘Zero-Knowledge Virtual Machine’

But that’s not the only way Lazzarin thinks a16z’s research initiatives can help advance the firm’s bottom line. The code for Jolt has been open-sourced, meaning anyone can theoretically use or repurpose it without paying a16z. “Because we’re long-term investors, we don’t trade day-to-day, week-to-week, or even month-to-month,” said Lazzarin. “We benefit most if the … Read more

Crypto Will Erupt as Big Issue in U.S. Senate Races Including Banking Chair Brown’s

Crypto skeptic Sen. Sherrod Brown (D-Ohio), whose Democratic Party currently controls the Senate, is the chairman of the Banking Committee and has been reluctant to allow digital assets regulatory bills to move through the panel, despite some progress in the House of Representatives. In Ohio’s general election, he faces Republican challenger Bernie Moreno, an Ohio … Read more