Sam Bankman Fried sentenced to 25 years in jail for fraud and cash laundering at FTX
Sam Bankman Fried, co-founder and former CEO of cryptocurrency change FTX and buying and selling firm Alameda Analysis, was sentenced to jail within the Southern District of New York (SDNY) about 5 months after his conviction. He was sentenced to 25 years in jail by Choose Lewis Kaplan. Throughout his trial he was charged with […]
Web3 Funding Agency Borderless Capital Acquires CTF Capital, Bringing AI and Quant Experience
Borderless Capital, a Web3-focused funding agency, introduced Tuesday that it’s going to purchase CTF Capital, a quantitative buying and selling and asset administration agency headquartered in Miami with technical and operational groups in Latin America. Monetary particulars of the transaction weren’t disclosed. This settlement marks Borderless' first acquisition since its founding in 2018. With this […]
0G Labs launches with large $35 million pre-seed to construct modular AI blockchain
Because the cryptocurrency trade heats up once more, funding for brand spanking new startups can also be growing. Web3 infrastructure firm 0G Labs has raised $35 million in a pre-seed spherical, the staff tells currencyjournals solely. $35 million could sound like lots for a pre-seed spherical, and it’s. “Initially he needed to boost $5 million […]
WorldCoin faces one other ban in Europe because of danger to kids
Controversial crypto-biometric enterprise WorldCoin has been suspended once more, this time in Portugal, and has been nearly fully banned from Europe. The order from the nation's information safety authority follows an identical three-month cease-and-desist order from Spain's DPA. early this month. Portugal was one among solely two international locations left in Europe the place WorldCoin […]
Solana Meme Coin Hype Continues, Backpack Beta Section Profitable, Starbucks Discontinues NFT Program
Welcome to currencyjournals Crypto, previously often called Chain Response. Get a roundup of currencyjournals's largest and most essential crypto articles delivered to your inbox each Thursday at 12pm PT. Subscribe right here. Hiya. Welcome to the currencyjournals Crypto E-newsletter. This week, Starbucks ended its Odyssey NFT program launched in 2022, Solana continues its meme coin […]
The brand new Web3 community is presently being constructed and is ending management of information by large tech firms.
Lots of these constructing Web3 really feel that the standard net ecosystem leverages customers and their knowledge. Whereas this advantages many firms, knowledge miners, and even his AI fashions, some take into account it a step too far. A few of the issues with the online because it exists at present, which some Web3-focused individuals […]
Ex-Grindr govt and husband launch Rails as decentralized FTX different with $6.2 million spherical
Decentralized cryptocurrency alternate Rails has raised $6.2 million in an try to fill the void left by FTX after its 2022 crash, firm co-founder and CEO Satraj Bambra tells currencyjournals completely. advised. We’re at present within the early phases of launching offshore providers in some crypto-friendly nations, excluding the USA. The crypto group is taking […]
Cryptocurrency trade OKX suspends providers in India
Cryptocurrency trade OKX introduced in an e mail to clients on Thursday that it has suspended providers for customers in India and suggested them to withdraw their funds by the tip of April. The transfer comes after Apple and Google pulled OKX's namesake app from the nation after an Indian authorities company mentioned a lot […]
How did cryptocurrency trade Backpack discover its solution to success after the loss of life of main investor FTX?
founding father of backpacks, is constructing a cryptocurrency trade and pockets that has skilled robust development since its launch in 2022. Nonetheless, the trail was not straightforward. FTX co-led Backpack's $20 million strategic funding spherical in September 2022. Lower than two months later, in November 2022, FTX went bankrupt. “We misplaced 80% of our working […]
Starbucks discontinues Odyssey NFT program
replace: Starbucks introduced Friday that it’s discontinuing its NFT program to “put together for what comes subsequent as we proceed to evolve this system,” based on its FAQ web page. We spoke with program chief Steve Kaczynski on the Chain Response podcast final month.On Friday, he tweeted: his future with the corporate was unsure: Beneath […]