CryptoCompare: FTX default will continue to affect the industry in 2023 The exchange was financially connected with a large number of companies, therefore, according to experts, in 2023 we will see more bankruptcies. Nevertheless, the situation with FTX, analysts write, will definitely push crypto companies to work on the sustainability of their business. Therefore, next year more attention will be paid to projects and protocols that will offer effective ways to save money. Of course, they say in CryptoCompare, it will not do without strict regulation - supervisory authorities will seek to protect investors. Perhaps the development of global rules for the industry will go far. Analysts believe that the rules will become more effective if they separate centralized and decentralized projects - after all, most of the failed companies belonged to the first category.

Over 32,000 Users Participated in Bitget's KCGI 2022 One of the largest crypto exchanges, Bitget, has announced the end of its biannual King's Cup Global Invitation (KCGI) trading tournament, which was attended by a record number of users. This time the tournament was dedicated to the FIFA World Cup, which ended in December in Qatar. The KCGI tournament, which ran from November 21st to December 19th, featured 32,174 users in team, individual, and invite tournaments. This time around, the contest has the highest number of entries of all time, with the winners sharing a prize pool of over half a million USDT. To attract users to the 2022 World Cup, Bitget has prepared various prizes and activities, including football fan tokens, Messi autographed T-shirts, trophies, a World Cup match prediction contest, and prize draws.

The data of Vitalik Buterin, Kevin O'Leary and another 400 million Twitter users were leaked to the network The hacker put up for sale a database of 400 million Twitter users, including contact information for Ethereum creator Vitalik Buterin, Shark Tank star Kevin O'Leary, and billionaire Mark Cuban. Hudson Rock drew attention to this. In an announcement published on December 23, the seller claims to have received the data in early 2022 due to a vulnerability in the social network. The database contains names, mobile phone numbers and e-mail addresses. An unknown person provided a data fragment of 1000 famous users as a sample. He also suggested that Twitter CEO Elon Musk buy the database in order to avoid its sale and subsequent legal fines for the leak in the amount of $276 million.

Reuters: Investors in France File a Complaint Against Binance A group of French investors have filed a complaint against the local division of Binance for misrepresentation and non-compliance with the laws of the country. Reuters writes about it. According to the agency, clients of the bitcoin exchange turned to the prosecutor's office in Paris. According to them, Binance conducted marketing campaigns on Instagram and Telegram before receiving approval to work from the country's authorities. According to local media, the complaint was filed on December 14 on behalf of 15 investors. They also claim that the exchange advertised the UST algorithmic stablecoin as backed by the US dollar. After the collapse of Terra, they allegedly lost more than €2.4 million.

Good morning! We start a new week with a fresh crypto rate!

Record burning did not lead to an increase in the cost of SHIB tokens On Saturday, December 24, the Shibburn tracker recorded a 642% increase in the number of destroyed tokens. More than 28 million SHIBs were burned that day. However, the price of the digital coin, according to the Bitfinex exchange, increased by only 0.73%. This is explained by the fact that although 28 million is a large figure, it is about $233 in fiat money, which did not have a strong effect on a cryptocurrency with a capitalization of more than $4.5 billion. On Sunday, December 25, the situation repeated itself - about $30 million of SHIB tokens were burned, and the price fell by a little less than 0.5%. U.Today analysts drew attention to the lack of growth in the value of the token during the record liquidation of coins. Despite this, Shiba inu is still an extremely popular meme-coin among Internet users and even ranks among the top 5 cryptocurrencies in terms of the number of search queries.

RT @TheMoonHailey: 2023 Outlook ! #LUNC ✨ #HaileyLUNC ✨ $LUNC ✨

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Stephen Cecchetti: Cryptocurrency Market Resembles Online Game World of Warcraft Brandeis University of Massachusetts International School of Business Stephen Cecchetti compares the cryptocurrency market with World of Warcraft, an online game popular with millions of users. “The strongest argument, I think, against regulation is the discussion of legitimacy. The cryptocurrency market has nothing to do with the real economy and rather develops in parallel with traditional financial institutions,” the scientist said at a crypto debate held by Brookings University. According to the expert, the industry resembles the system in the World of Warcraft online RPG, where there are about 120 million players and their own economy. Cecchetti points out that the positive thing about World of Warcraft's in-game economy is that there is no financial regulator. No one, including the developers and publishers of the game, would want any additional oversight of the players.

Jim Cramer urges regulators to do a 'big cleanup' of the crypto industry The US Securities and Exchange Commission (SEC) should tighten the regulation of cryptocurrency companies and conduct a “big sweep” of the industry. This was stated by the former manager of the hedge fund Cramer & Co. and Mad Money show host Jim Kramer. Kramer urged the SEC to intensify its efforts to prosecute unscrupulous players in the cryptocurrency market. In his opinion, this is how you can protect investors and prevent illegal enrichment of scammers. “I think they need to do a big cleanup. They have to stop people creating money out of thin air,” he added.

North Korean hackers have stolen $1.2 billion in cryptocurrencies since 2017 North Korean-linked hacker groups stole $626 million worth of cryptocurrencies in 2022, according to South Korean intelligence, and $1.2 billion worth of assets have been stolen in attacks since 2017. In their report, the intelligence officers emphasized that since 2017, $78 million worth of assets have been stolen from the cryptocurrency platforms of South Korea. At the same time, thanks to the constant work to tighten control over companies, in 2022, North Korean hackers never managed to steal cryptocurrencies from South Korean users. “In South Korea, transactions with virtual assets began to be signed with real user names, and security was also strengthened. Therefore, we have no damage,” said an intelligence (NIS) spokesman in an interview with local newspaper Kyunghyang Shinmun.