Sam Bankman-Fried has reportedly been leading a decent lifestyle while under house arrest in his parent’s home in Palo Alto — with daily jogs, a security detail, and a couple of in-home visits. However, it's not exactly a life of endless luxury either. The former FTX CEO is reportedly required to wear an ankle monitor and is only allowed to leave the house under certain circumstances, among other restrictions. The aforementioned Palo Alto home, located on the border of Stanford University’s campus is understood to be a $4 million property equipped with 5 bedrooms, 3 bathrooms, and a pool according …

The domino effect of FTX CEO Sam Bankman-Fried’s actions came full circle as his reputation began impacting the professional lives of his parents — Stanford Law professors Joseph Bankman and Barbara Fried. SBF’s father, Bankman, had to cancel his winter session course on tax policy, which according to The Standford Daily, was at a time when the family was accused of acquiring an FTX-owned $16.4 million vacation home before the crypto exchange’s collapse. On the other hand, SBF’s mother, Fried, was surprisingly not even listed as an instructor for any of the courses. While this event coincides with FTX’s fallout, …

As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from Layoffs.fyi found that over 700 tech startups have experienced layoffs this year, impacting at least 93,519 employees globally. It has also been reported that tech giants like Google, Netflix and Apple are undergoing massive job cuts. While many of these layoffs are likely due to an economic downturn, this has resulted in an overwhelming amount of talent flocking to early-stage Web3 companies. For example, Andrew Masanto, a serial entrepreneur who has founded …

A proposal out of Stanford University to make crypto transactions reversible is adding a wrinkle to discussions of crime and fraud prevention. Researchers suggested that mutability — the ability to reverse blockchain transactions — would help prevent crime. One of the advantages of cryptocurrency is that it is possible for the market — individuals, traders and banks — to decide if reversibility is wanted. Not only would a new (reversible) cryptocurrency be able to test the acceptance or desire for reversible transactions, it would help to test the idea that reversibility reduces crime. Although cryptocurrency is not a tool of …

Stanford University researchers have come up with a prototype for “reversible transactions” on Ethereum, arguing it could be a solution to reduce the impact of crypto theft. In a Sept. 25 tweet, Stanford University blockchain researcher Kaili Wang shared a run down of the Ethereum-based reversible token idea, noting that at this stage it is not a finished concept but more of a “proposal to provoke discussion and even better solutions from the blockchain community,” noting: “The major hacks we've seen are undeniably thefts with strong evidence. If there was a way to reverse those thefts under such circumstances, our …

The demand for organizations to adopt blockchain technology is growing rapidly. Recent findings from market research and advisory firm Custom Market Insights found that the global blockchain technology market size was valued at $4.8 billion in 2021, yet this amount is expected to reach $69 billion by 2030. While notable, it’s become critical for the industry to enable rigorous research into the development of the blockchain sector. Tim Harrison, vice president of community and ecosystem at Input Output Global (IOG) — the developer arm behind the Cardano blockchain — told Cointelegraph that during the past year, the blockchain ecosystem has …

The world of digital assets saw a significant rise last year. The total cryptocurrency market cap reached $3 trillion, making more people, governments and universities take a closer look at the asset class. The presence of crypto in the world’s major economies has created a big opportunity for diverse startups in the industry, leading to a massive demand for digital assets. This newly born market has helped develop more working and educational opportunities, among other things. Furthermore, some of the world’s top universities and educational institutions including MIT, the University of Oxford and Harvard University, have added pieces of the …

Competition authorities are hitting the books when it comes to emerging technologies like blockchain and AI. On Tuesday, the Department of Justice announced that it would be participating in a new initiative at Stanford University to onboard more advanced technological tools into its fight against monopolies. The DoJ is merely the most vocal addition to Stanford’s Computational Antitrust project. It joins the competition watchdogs of 46 other countries and the U.S.’s Federal Trade Commission. The announcement is part of a broad surge in interest in cutting-edge tech and antitrust law, the culmination of a lot of motion at both academia …

Stanford Blockchain Club has become one of the largest delegates for the exchange Uniswap, overtaking a student group at rival California university UC Berkeley. The student-run blockchain club verified itself as a Uniswap delegate on Tuesday, having amassed 2,524,711 votes, according to Sybil, an Ethereum governance tool. That puts Stanford in the ninth spot, just ahead of UC Berkeley’s CalBlockchain with 2,524,711 votes. Verifying myself as a @UniswapProtocol #UNIDelegate on Sybil️https://t.co/aduPp8Jyvy addr:0xEFF506a32B55D5c19847c1a4F8510c00280c27E5 sig:0x28a199454657eb2b90d096e25d7c20797f93363dec360309ce7fe82954f7a5920772acc3f1b37bd9f234eafa2ace3daaa0e61ff58e739da72deba037a30b37bd1c — Stanford Blockchain Club (@StanfordCrypto) January 5, 2021 Dharma and EOA remain the two largest delegates, with over 15 million votes each. Uniswap’s top 10 delegates now …

Blockchain infrastructure startup Alchemy has garnered investments from multiple notable mainstream entities, including Stanford University, as well as leaders from other top businesses. “Our vision is to push the entire ecosystem forward by providing core infrastructure and developer tools,” Alchemy co-founder and Stanford alum Joe Lau told Cointelegraph in a Dec. 17 email. Alchemy has amassed $15 million in contributions from influential mainstream business leaders, such as Yahoo’s co-founder Jerry Yang and LinkedIn’s co-founder Reid Hoffman, Bloomberg reported on Dec. 17. Bloomberg also noted financial powerhouse Charles Schwab’s place on the list of entities investing in Alchemy as part of …