Cypto

SBF’s prison sentence marks the end of the crypto grift era — so what’s next?

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On Thursday, a federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison after he was found guilty on seven charges of wire fraud and money-laundering. The scam he pulled was fairly simple: He and his partners created an exchange, FTX, that took customer deposits to invest in and trade cryptocurrencies. Some […]

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Sam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture

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Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New York (SDNY) Judge Lewis Kaplan, about five months after he was found guilty on all seven counts related to fraud and money laundering during his trial. “When

Sam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture Read More »

SBF sentenced, Worldcoin hit with another ban order and big web3 pre-seed rounds are back

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Welcome to TechCrunch Crypto, formerly known as Chain Reaction. This is the last edition of this newsletter. I want to personally thank each of you for reading this and if you would like to stay in touch, you can follow me on X here for future updates. With that said, the show goes on. This

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0G Labs launches with whopping $35M pre-seed to build a modular AI blockchain

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As the crypto space heats back up, so has funding for new startups. 0G Labs, a web3 infrastructure firm,” has raised $35 million in a pre-seed round, the team exclusively told TechCrunch. If $35 million sounds like a lot for a pre-seed round, it really is. “In order to build the basic technology, we wanted

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Web3 investment firm Borderless Capital acquires CTF Capital to bring AI and quant expertise

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Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and asset management firm headquartered in Miami, with technology and operation teams in Latin America. The financial details of the deal were not disclosed. The deal marks Borderless’ first acquisition since its inception in 2018.

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Worldcoin hit with another ban order in Europe citing risks to kids

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Controversial crypto biometrics venture Worldcoin has been almost entirely booted out of Europe after being hit with another temporary ban — this time in Portugal. The order from the country’s data protection authority comes hard on the heels of a similar-looking three-month stop-processing order from Spain’s DPA earlier this month. Portugal was one of just

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A new web3 network is being built right now that wants to end Big Tech’s control of your data

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Many of the people building web3 feel like the traditional web ecosystem has taken advantage of users and their data. While it benefits a number of businesses, data miners and even AI models, some see it as an overreach. Some of the problems with the web that exists today, which some web3-focused people call Web

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Solana memecoin hype continues, Backpack’s beta phase was a success and Starbucks axes its NFT program

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Welcome to TechCrunch Crypto, formerly known as Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Hello and welcome back to the TechCrunch Crypto newsletter. This week, Starbucks killed its Odyssey NFT program that was launched in 2022,

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