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Florida Web3 Year In Review: 2022 --> 2023

Florida Web3 Year In Review: 2022 --> 2023

December 29, 2022

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All The Ways That Crypto Broke in 2022

“Crypto winter” is the industry term for the chill that descended on the market in 2022, and contagion was the name of the game. After the collapse of the TerraUSD algorithmic stablecoin, major crypto players fell like dominos: Three Arrows Capital. Voyager Digital, Celsius Network, FTX, BlockFi.

23 Blockchain Predictions for 2023

4. Regulations in D.C.

Washington, D.C., will be a crypto hotspot in 2023 as regulatory innovation proceeds at unprecedented rates.

The centralized finance disasters of 2022 were the result of poor risk management, insufficient governance, incomplete audits, and potential fraud – all of which could have happened in any industry. Consumer protection will be top of mind for policymakers in 2023. The majority of emerging policy will be around centralized exchanges and stablecoins. Exchanges like Coinbase may be forced to be G-SIFI-regulated institutions, which will increase their regulatory compliance costs. Washington, D.C., will be the hotbed of some of the most controversial and important conversations about crypto in 2023.

Web3, the Metaverse and Crypto: What Will 2022 be Remembered For?

But we must differentiate between cryptocurrency as an asset class trading on a platform such as FTX, and the technology that underpins cryptocurrency; specifically, blockchain technology and Web3. The two are separate concepts and should not be confused.

2023: The Year of Regulation vs. Decentralization

Crypto regulation remains a dark forest. In the year ahead the SEC and CFTC will likely push the boundaries of their existing authorities through novel enforcement actions, says attorney Mike Selig.

https://www.coindesk.com/consensus-magazine/2022/12/23/2023-the-year-of-regulation-vs-decentralization/

The State of Web3 2022: The Year in Review

Crypto and NFTs had a rough year, to say the least. But Web3's troubles could end up proving to be its source of strength. Here's how.

https://nftnow.com/features/the-state-of-web3-2022-the-year-in-review/

Analytical Data

💰 Bloomberg estimates that 900 million people regularly make crypto transactions

Only one year difference

🥇 MicroStrategy increases bitcoin holdings by 2,500 and now holds 132,500 BTC. MicroStrategy announced the purchase of 2,500 BTC, holding a total of approximately 132,500 bitcoins as of December 27, at a price of approximately $4.03 billion, with an average price of approximately $30,397 per bitcoin.

🇷🇺 Former Russia President: "The Bretton Woods system will collapse. Euro and Dollar will stop circulating as global reserve currencies."

Events

Click here for events & meetups in January 2023

Crypto News Heard Around the State

Tampa News

College student continues earning with investing in crypto

Jackson says he has a multi-million dollar portfolio.

https://www.baynews9.com/fl/tampa/news/2022/12/27/college-student-has-high-hopes-for-his-crypto-portfolio

Tom Brady, other celebrity athletes’ ties to crypto raises ethical questions

The bankruptcy of FTX is raising questions about sports stars played in lending legitimacy to the largely unregulated landscape of cryptocurrency.

https://www.tampabay.com/news/business/2022/12/17/tom-brady-other-celebrity-athletes-ties-crypto-raises-ethical-questions/

Orlando News

Rep.-elect Maxwell Frost to donate money from disgraced cryptocurrency CEO

Incoming congressman Maxwell Frost said he will donate campaign money from disgraced cryptocurrency CEO Sam Bankman-Fried, after prosecutors said the FTX founder broke campaign finance laws.

https://www.clickorlando.com/news/politics/2022/12/14/rep-elect-maxwell-frost-to-donate-money-from-disgraced-cryptocurrency-ceo/

Miami News

Death in Miami: crypto winter imperils NFTs and the 'effective altruism' movement too

The collapse of FTX has not only devastated the crypto world, but also threatened the ethics of “make money, do good” touted by its founders

https://www.theartnewspaper.com/2022/12/09/death-in-miami-crypto-winter-imperils-nfts-and-the-effective-altruism-movement-too

Jacksonville News

UPDATE - Everything Blockchain Inc., Announces EB Build’s Debut on the AWS Marketplace

EB Build Revolutionizes the Blockchain and Database IndustriesJacksonville, Florida, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Everything Blockchain Inc., (OTCMKTS: EBZT), a technology company that enables real-world use of blockchain to solve critical business issues, announced the debut of EB Build (EBB), a patent-pending solution that merges blockchain and database technologies, on the Amazon Web Services (AWS) Marketplace. “EBB is blazing the path for the rest of the blockchain industry, taking secu

https://finance.yahoo.com/news/everything-blockchain-inc-announces-eb-160600321.html

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Disclaimer: Crypto Flo DOES NOT provide financial advice. All content is for informational purposes only. Crypto Flo is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.