Monday January 2, 2023

Your Weekly Update On All Things Crypto

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TL;DR

Tumultuous 2022 Wraps Up As 2023 Gets Underway, Meanwhile Crypto ATMs Continue To Skyrocket
2022s Long List Of Losses In Crypto
Kraken Pulls Out Of Japan Again After Citing Undesirable Market Conditions
Square Enix Partners Up With Gumi After Investing $52m In The Game Developer
Polygon Inches Closer To Mainnet Launch After Second ZkEVM Testnet Success
BitcoinEnds Week Down 2% After FOMC Meeting Stifles Optimism
ETH/BTC Falls Below 200-Day Moving Average

MACRO NEWS

Tumultuous 2022 Wraps Up As 2023 Gets Underway, Meanwhile Crypto ATMs Continue To Skyrocket...

Despite a turbulent year for the digital assets sector, the amount of crypto ATMs increased dramatically in 2022, according to new data.

The number of Bitcoin ATMs increased by a staggering 506% since January 2020

2022s Long List Of Losses In Crypto...

In 2022, crypto-based projects were subjected to a slew of devastating hacks and exploits, making it the worst year ever for securing digital assets.

Overall, the frequency of crypto hacks increased dramatically this year, surpassing a record $3 billion in total funds lost, a significant increase from the $2 billion lost to hacks in 2021.

Kraken Pulls Out Of Japan Again After Citing Undesirable Market Conditions...

Notable crypto exchange Kraken has decided to close its operations in Japan for the second time after mentioning a strain on its resources in the face of a weak market.

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Square Enix Partners Up With Gumi After Investing $52m In The Game Developer...

Notable Japanese gaming company Square Enix has recently invested over $52 million in Gumi, a game developer, to make high-quality mobile games, blockchain games, and a metaverse initiative, among other things.

Polygon Inches Closer To Mainnet Launch After Second ZkEVM Testnet Success...

Polygon has launched its second public testnet, thereby bringing the platform to the final stages before the mainnet launch. Another zkEVM (zero-knowledge proofs) platform, zkSync, raised $200 million in a Series C funding round last month.

INDUSTRY EVENTS

World Crypto Conference 2023

Bringing Together DeFi and traditional finance.

DeFi, NFTs, Metaverse and much more.

TECHNICAL ANALYSIS

Bitcoin Struggles to Overtake 50-Day Moving Average

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ETH/BTC Remains Suppressed By Descending Resistance

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.