Postmates founder Bastian Lehmann launches crypto startup

According to local news outlet FinanceFWD, German entrepreneur Bastian Lehmann is making a move into the crypto industry with the creation of a new startup called “TipTop Labs.” Although details surrounding the venture remain unknown, its website states the firm seeks to provide “consumer finance solutions for an emerging web.”  On its careers page, it […]

‘Web3 offers us the promise to rearchitect the internet,’ says NFT.com Founder Jordan Fried

Nonfungible tokens (NFTs) experienced a record-breaking year throughout 2021 in which sales volumes surpassed $14 billion, avatar collectibles permeated the mainstream market to become cultural status symbols, and avant-garde utility sparked innovative Web3 opportunities for a panoply of industries.  Despite a retracement in financial and emotional fortunes in the opening quarter of 2022, expectations within […]

Myspace founder predicts blockchain gaming to be ‘dominant place’ for socializing

While many gamers are critical of blockchain-based gaming, Myspace co-founder Chris DeWolfe believes adoption is on the way as the business model inherently provides players more control over their in-game experiences. DeWolfe, who is now the CEO of game development firm Jam City, told Cointelegraph that “the quality of the game and how developers interact […]

Algorand founder Silvio Micali wants to usher in the democratization of finance

Cointelegraph’s Joseph Hall sat down with Silvio Micali, the founder of Algorand, as part of its on-the-ground coverage of the Paris Blockchain Week Summit, or PBWS. Algorand is a blockchain that uses a Pure proof-of-stake (PPoS) protocol, and the company was one of the main sponsors of the summit.  Micali started off by explaining that the […]

Waves Founder Blames Short Sellers for Its Woes. Here’s Why That’s a Red Flag

According to Jeff Dorman at crypto asset management firm Arca, the chaos may have already increased short pressure rather than easing it. Institutions and hedge funds uninterested in holding WAVES on its merits, he says, “are all probably scrambling right now to find a WAVES holder to get a borrow from [to enable shorting], but […]

Barstool Sports Founder Holds to 2017 Stance on Bitcoin

Barstool Sports’ millionaire founder, Dave Portnoy, recently re-tweeted his 2017 video on Bitcoin, saying his view on the asset has not changed.  “For everybody trying to get me in the Bitcoin game, I made this video in 2017,” Portnoy said in a June 19, 2020 tweet. “I still feel this way.” Portnoy’s 2017 sentiment Active […]

Crypto Founder Sentenced to Seven Years in Prison for $25 Million Scam

Robert Farkas, the founder of a cryptocurrency firm Centra Tech that raised more than $25 million from its initial coin offering scam, pled guilty in a federal court in Manhattan on Tuesday.  The official statement accused Farkas of conspiring to commit securities and wire fraud and ordered a sentence between 70 to 87 months and […]

Deceased Quadriga Founder Committed Fraud

The Ontario Securities Commission, or OSC, claims that the crypto exchange Quadriga collapsed in 2018 because of fraud committed by its late founder, Gerald Cotten, who passed away on his honeymoon in India. The report released on June 11, revealed by CBC Canada, says Cotten opened several accounts under aliases and credited himself with “fictitious […]

Founder of Floyd Mayweather-Promoted ICO to Plead Guilty to Fraud

Robert Farkas is negotiating a plea bargain for his role in the fraudulent Centra Tech initial coin offering (ICO) that commissioned celebrity endorsements from Floyd Mayweather Jr and DJ Khaled. U.S. District Judge Lorna Schofield has granted Farkas’ attorneys’ request to schedule a plea hearing for next week, with details of the proposed plea yet […]

Cardano Founder Charles Hoskinson Calls Crypto a ‘Political Movement’

Charles Hoskinson, the creator of Cardano (ADA), has described participating in cryptocurrency as an inherently political act. Speaking during an impromptu ask-me-anything on YouTube, Hoskinson asserted that crypto-driven fundamental disruptions to monetary relations will not come without struggle, placing the crypto phenomenon within the political arena.  Hoskinson also urged members of the crypto community to […]