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This is the final version of this newsletter. I would like to personally thank everyone for reading this. If you want to stay in touch, follow me on X. here For future updates.
With that, the show continues. This week saw the sentencing of former FTX CEO Sam Bankman Fried, who was found guilty in November on seven charges related to money laundering and fraud, and Borderless Capital's acquisition of CFT Capital. , WorldCoin faces new bans in Europe, and more.
Please see below for details.
this week's web3
Sam Bankman Fried gets 25 years in prison for FTX fraud and money laundering; Web3 investment firm Borderless Capital buys CTF Capital to bring AI and quantitative expertise; World Coin cites risk to children; Receives new ban in Europe New Web3 network is being built to end Big Tech control of data Now 0G Labs raises huge $35 million pre-seed to build modular AI blockchain Launch with
process numbers
The price of the cryptocurrency market fell a little more this week, and the top cryptocurrencies this week were in the green.
Bitcoin is up 7.4% this week and was around $71,300 at the time of publication. Ether, the second-largest cryptocurrency, rose 2.6% this week to $3,550, according to data from CoinMarketCap. The market capitalization of cryptocurrencies increased by 6.4% during the same period to $2.67 trillion.
latest pod
Chain Reaction runs a monthly series that delves into various topics and themes in cryptocurrencies. This month we will focus on the integration of blockchain and AI.
In this week's episode, we interview Scott Dykstra, CTO and co-founder of Space and Time.
Prior to joining Web3, Scott spent nearly eight years at Teradata, a cloud analytics and data platform, where he served as senior architect, director of cloud solutions, and rose to the company's vice president of global cloud.
For Space and Time, the company aims to become Web3's verifiable computing layer, extending zero-knowledge proofs (ZK proofs) on top of distributed data warehouses. A zero-knowledge proof is a cryptographic action used to prove something about a piece of data without revealing the original data itself.
Space and Time indexes both off-chain and on-chain data from Ethereum, Bitcoin, Polygon, Sui, Avalanche, Sei, Aptos, and more to power the future of AI x Blockchain. Adds support for chains.
This episode concludes Chain Reaction's monthly series that delves into various topics and themes in cryptocurrencies. This month we will focus on the integration of blockchain and AI.
Scott and I discuss the story behind Space and Time, how data warehousing works in Web 2.0 and Web3, and the importance of data transparency.
We will also discuss the following in detail:
The potential of blockchain and AI OpenAI and blockchain data development Future use cases for data and on-chain AI Advice across bull and bear markets
Subscribe to Chain Reaction on Apple Podcasts, Spotify, or your favorite pod platform and if you like what you hear, please leave us a review.
follow the money
Web3 gaming-focused startup Illuvium raises $12 million in Series A round to expand its offering Avalanche-based Gunzilla raises $30 million to help launch new games; Off The Grid OrdinalsBot raises over $3 million to build data layer focused on Bitcoin blockchain Reya Network raises $10 million for transaction-centric, modular layer 2 blockchain Powered by cryptography online casino MyPrize raises $13 million
This list was compiled using information from Messari and TechCrunch's own reporting.
what else are you writing?
Ready to step outside the world of Web3? Here are some TechCrunch articles that caught our attention this week.
Liquid Death is just one of many venture capital-backed beverage startups looking to disrupt Coke and Pepsi New study of unicorn founders finds most are 'underdogs' and women Founders on the Rise Documents Reveal Facebook Spied on Users' Snapchat Traffic in Top Secret Project Nvidia May Ready for Next AWS New Summit, Climate Change $100M in new funding to support technology and undervalued fund managers