SBF sentenced, Worldcoin hit with one other ban order and large web3 pre-seed rounds are again

Welcome to crypto-news Crypto, previously referred to as Chain Response.

That is the final version of this article. I need to personally thank every of you for studying this and if you want to remain in contact, you may comply with me on X right here for future updates.

With that stated, the present goes on. This week, Sam Bankman-Fried, the previous FTX CEO who was discovered responsible on seven counts associated to cash laundering and fraud in November, was sentenced, Borderless Capital acquired CFT Capital, Worldcoin faces one other ban in Europe and extra.

Particulars under.

This week in web3

1. Sam Bankman-Fried will get 25 years in jail for fraud and money-laundering at FTX
2. Web3 funding agency Borderless Capital acquires CTF Capital to convey AI and quant experience
3. Worldcoin hit with one other ban order in Europe citing dangers to children
4. A brand new web3 community is being constructed proper now that wishes to finish Massive Tech’s management of your information
5. 0G Labs launches with whopping $35M pre-seed to construct a modular AI blockchain

Crunching numbers

This week the crypto market costs have been a bit extra chipper, with the highest cryptocurrencies being inexperienced on the week.

Bitcoin was up 7.4% on the week, round $71,300 on the time of publication. The second-largest crypto, ether, elevated 2.6% on the week to $3,550, in accordance with CoinMarketCap information. The whole crypto market cap elevated 6.4% throughout the identical timeframe to $2.67 trillion.

The newest pod

Chain Response is doing a month-to-month collection diving into completely different matters and themes in crypto. This month we’re specializing in blockchain and AI integrations.

For this week’s episode, I interviewed Scott Dykstra, CTO and co-founder of House and Time.

Earlier than diving into web3, Scott spent nearly eight years on the cloud analytics and information platform Teradata the place he held roles of senior architect, director of cloud options and labored his approach as much as VP of the agency’s world cloud.

As for House and Time, the corporate goals to be a verifiable compute layer for web3 that scales zero-knowledge proofs, or ZK proofs, on a decentralized information warehouse. Zero-knowledge proofs are a cryptographic motion used to show one thing a few piece of knowledge, with out revealing the origin information itself.

House and Time has listed information each off-chain and on-chain from Ethereum, Bitcoin, Polygon, Sui, Avalanche, Sei and Aptos and is including assist for extra chains to energy the way forward for AI x blockchain.

This episode is wrapping up Chain Response’s month-to-month collection diving into completely different matters and themes in crypto. This month’s targeted on blockchain and AI integrations.

Scott and I talk about House and Time’s origin story, how information warehouses work in Net 2.0 versus web3 and the significance of knowledge transparency.

We additionally dive into:

• Blockchain and AI potential
• Its OpenAI and blockchain information developments
• Future use instances for information and on-chain AI
• Recommendation all through the bull and bear markets

Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform, and please go away us a evaluate if you happen to like what you hear!

Observe the cash

1. web3 gaming-focused startup Illuvium raised $12 million in a Sequence A spherical to develop its choices
2. Avalanche-based Gunzilla raised $30 million to assist launch its new sport, Off The Grid
3. OrdinalsBot raised over $3 million to construct out its Bitcoin blockchain-focused information layer
4. Reya Community raised $10 million for its trading-centric modular layer-2 blockchain
5. Crypto-powered on-line on line casino MyPrize raised $13 million

This checklist was compiled with data from Messari in addition to crypto-news’s personal reporting.

What else we’re writing

Need to department out from the world of web3? Listed below are some articles on crypto-news that caught our consideration this week.

1. Liquid Loss of life is only one of many VC-backed beverage startups able to disrupt Coke and Pepsi
2. New examine of unicorn founders finds most are ‘underdogs,’ and feminine founders are rising
3. Fb snooped on customers’ Snapchat site visitors in secret undertaking, paperwork reveal
4. Nvidia may very well be primed to be the following AWS
5. New Summit is elevating a brand new $100 million fund to again local weather tech and underrepresented fund managers