Welcome to currencyjournals Crypto, previously often called Chain Response.

That is the ultimate model of this text. I wish to personally thank everybody for studying this. If you wish to keep in contact, observe me on X. right here For future updates.

With that, the present continues. This week noticed the sentencing of former FTX CEO Sam Bankman Fried, who was discovered responsible in November on seven expenses associated to cash laundering and fraud, and Borderless Capital's acquisition of CFT Capital. , WorldCoin faces new bans in Europe, and extra.

Please see beneath for particulars.

this week's web3

1. Sam Bankman Fried sentenced to 25 years in jail for fraud and cash laundering at FTX
2. Web3 Funding Agency Borderless Capital Acquires CTF Capital, Bringing AI and Quant Experience
3. WorldCoin faces one other ban in Europe on account of threat to youngsters
4. The brand new Web3 community is at the moment being constructed and is ending management of knowledge by large tech firms.
5. 0G Labs launches with large $35 million pre-seed to construct modular AI blockchain

course of numbers

The worth of the cryptocurrency market fell a bit of extra this week, and the highest cryptocurrencies this week had been within the inexperienced.

Bitcoin is up 7.4% this week and was round $71,300 on the time of publication. Ether, the second-largest cryptocurrency, rose 2.6% this week to $3,550, in keeping with information from CoinMarketCap. The market capitalization of cryptocurrencies elevated by 6.4% throughout the identical interval to $2.67 trillion.

newest pod

Chain Response runs a month-to-month collection that delves into numerous subjects and themes in cryptocurrencies. This month we’ll deal with the combination of blockchain and AI.

On this week's episode, we interview Scott Dykstra, CTO and co-founder of House and Time.

Previous to becoming a member of Web3, Scott spent almost eight years at Teradata, a cloud analytics and information platform, the place he served as senior architect, director of cloud options, and rose to the corporate's vice chairman of worldwide cloud.

For House and Time, the corporate goals to turn into Web3's verifiable computing layer, extending zero-knowledge proofs (ZK proofs) on prime of distributed information warehouses. A zero-knowledge proof is a cryptographic motion used to show one thing a couple of piece of knowledge with out revealing the unique information itself.

House and Time indexes each off-chain and on-chain information from Ethereum, Bitcoin, Polygon, Sui, Avalanche, Sei, Aptos, and extra to energy the way forward for AI x Blockchain. Provides assist for chains.

This episode concludes Chain Response's month-to-month collection that delves into numerous subjects and themes in cryptocurrencies. This month we’ll deal with the combination of blockchain and AI.

Scott and I talk about the story behind House and Time, how information warehousing works in Net 2.0 and Web3, and the significance of knowledge transparency.

We may even talk about the next intimately:

• The potential of blockchain and AI
• OpenAI and blockchain information growth
• Future use instances for information and on-chain AI
• Recommendation throughout bull and bear markets

apply Chain response upon apple podcast, spotify Or select your favourite pod platform and depart a overview in the event you like what you see.

observe the cash

1. Web3 gaming-focused startup Illuvium raises $12 million in Sequence A spherical to broaden companies
2. Avalanche-based Gunzilla has raised $30 million to assist the discharge of its new sport Off The Grid.
3. OrdinalsBot raises over $3 million to construct information layer centered on Bitcoin blockchain
4. Reya Community raises $10 million for transaction-centric, modular layer 2 blockchain
5. Cryptocurrency-powered on-line on line casino MyPrize raises $13 million

This record was compiled utilizing info from Messari and currencyjournals's personal reporting.

what else are you writing?

Able to step outdoors the world of Web3? Listed here are some currencyjournals articles that caught our consideration this week.

1. Liquid Dying is only one of many VC-backed beverage startups poised to disrupt Coke and Pepsi
2. New examine of unicorn founders reveals most are 'underdogs', with feminine founders on the rise
3. Paperwork reveal that Fb was spying on customers' Snapchat visitors in a secret undertaking
4. Nvidia may very well be poised to turn into the following AWS
5. New Summit raises $100M new fund to assist local weather change know-how and undervalued fund managers