Gaming
Adoption
Brazilians are turning to stablecoins to protect savings from inflation
The Brazilian Real continues to struggle to hold its value against inflation, prompting Brazilians to turn to stablecoins.
Adoption
China to launch its first regulated NFT marketplace, China Digital Asset Trading Platform, on January 1
Institutions and individuals will also be able to access rights protection monitoring and copyright protection services through the NFT trading platform.
Legal
FTX ex-CEO Sam Bankman-Fried likely to enter a plea on January 3, 2022
A plea is expected from SBF in Manhattan federal court next week, before U.S. District Judge Lewis Kaplan.
Bear Market
BTC bear market is worse than in 2014 but better than in 2018
Even though the recent bear market isn't encouraging for Bitcoin, which has fallen by 66% since January, it's still better than the bear market of 2018.
Legal
FTX ex-CEO Sam Bankman-Fried’s criminal case assigned to Bill Clinton-appointed judge, Lewis Kaplan
The Bill Clinton-appointed judge, Lewis Kaplan, is known for his no-nonsense approach in the courtroom.
Adoption
Looking back on the year with Polygon: Increase in transactions, new collaborations, and more
While most blockchain networks lacked traction in 2022, Polygon attracted major companies in both web2 and web3 spaces.
Hacks
Defrost finance says it has recovered lost funds worth $12 million from hacker
On Dec. 23, Defrost Finance experienced a hack in which an attacker used the flash loan function to withdraw funds.
Bear Market
DeFi platforms across blockchains hold $69.95B in TVL – 65.6% locked on Ethereum
Ethereum-based DeFi projects have a combined TVL of $45.96 billion — 65.6% of all TVL in DeFi across crypto, according to data from DeFiLlama.
Adoption
Marshall Islands passes law recognizing DAOs as legal entities
The new bill creates a DAO registry process that will be assisted by local firm MIDAO, in order to attract DAOs and web3 leaders.
Mining
Germany-based Bitcoin miner Northern Data forecasts €190M revenue for 2022
According to Northern Data's estimates, revenue for 2022 will be €189.9 million ($194.934 million).
Legal
SBF to return to U.S. immediately in hopes of securing bail
A decision was made for Bankman-Fried to return to the U.S. after he agreed to be extradited.
Mining
Research: BTC is now cheaper than the all-in-sustaining cost of mining BTC
The current cost of mining one Bitcoin is $18,800, whereas the cost of one Bitcoin currently stands at $16,5771.8.