Adoption
Hacks
Crypto lost $2.77 billion to hacks, exploits in 2022
Nearly half of this amount was stolen through diverse methods including dodging verification, crowd looting, and market manipulation.
CBDCs
Bitget partners with Capitual to participate in Brazil CBDC project
Bitget aims to participate in Brazil's and Argentina's CBDC projects, while enhancing its reach to government-level projects in the region
Analysis
BUSD leaving exchanges fall to $40M from December’s $3B
Around $40 million BUSD left the exchanges on Feb. 13, while this number was over $3 billion on Dec. 13, 2022.
DEX
Uniswap BNB deployment passes with 66% yes votes despite a16z rejection
The proposal to deploy UniswapV3 to BNB Chain was accepted with 66% on Feb. 10, even though Andreessen Horowitz used 15M votes to oppose it.
DeFi
DeFi TVL increased 26.82% in January
DappRadar states, "The DeFi market showed signs of recovery in January 2023," as TVL closes January at $74.6 billion.
NFTs
Ethereum NFT market cap shrank 60% in 2022
Ethereum-based NFT collections' market cap dropped from $9.3 billion to $3.7 billion in 2022. However, numbers from January indicate growth.
Research
Research: BTC, ETH address momentum shows significant divergence
The new address momentum metrics indicate a sturdy network growth for BTC while showing an opposite sentiment for the ETH network.
Taxes
IRS broadens tax requirements for crypto to encompass everyone
The IRS said tax and reporting requirements are now mandatory for everyone who received, earned, transferred, or sold cryptocurrencies.
Mining
Argo mined 168 BTC in January, accrued roughly $3.42M in revenue
Argo's January production marks a 14% increase from December 2022's 147 BTC. Company currently holds 115 BTC or BTC equivalents.
Analysis
Average BTC block size reaches new ATH at over 2 MB
Current data indicates that average Bitcoin block size surpassed 2.25 MB and continues to grow exponentially.
Regulation
Turkish watchdog stretches rules and allows crypto wallets to collect aid
A Turkish singer convinced the country's watchdog to allow three wallets to collect funds, even though the act isn't currently legal in Turkey.
Exchanges
Bitvavo expected to receive at least 80% of DCG’s debt
The DCG owes Bitvavo 280 million Euros — which equates to over $300 million. The exchange expects to publish the settlement soon.