The beginning of 2024 wasn’t very eventful, so our traditional digest includes the first three weeks of January. What exciting things happened during this time? Sam Bankman-Fried was recognized as the most famous crypto personality in 2023. But that’s rather a laugh getter, as all the newsbreaks about the ex-Head of FTX revolved around his legal troubles.
Among recent updates of the past period are analysts’ findings that Web3 app users will more than double in 2023. Moreover, X (formerly Twitter) stopped supporting non-fungible tokens (NFT) as avatars for accounts. This indirectly confirms our prediction for the NFT market in 2024.
One of the hottest news of the beginning of 2024 was the U.S. Securities and Exchange Commission’s (SEC) approval of applications to issue exchange-traded funds (ETF) based on Bitcoin spot rates. On the first day, the trading volume in shares of spot Bitcoin ETFs exceeded $4.5 billion. In five days of trading, the balances of these funds were replenished by 30,500 BTC, which put pressure on Bitcoin’s price.
To stay up-to-date with the latest news in the Web3 industry and related fields, check out the regularly updated News section on the CoinsPaid Media website. Pay special attention to the following materials released during the past three weeks.
The CP Media team compiled a chronology of essential news in the Web3 industry in 2023. This may not be relevant to our regular readers since 80% of events mentioned were already covered in detail on the CoinsPaid Media website. Still, we believe this review will be valuable to future researchers.
The Web3 industry encompasses more than just the crypto market, which embodies only a part of its financial aspect and largely depends on what’s happening in other areas. Industry experts interviewed by the CP Media team shared their opinions with our readers about trends in different sectors of decentralized technologies that will be relevant in 2024. The result is a large-scale overview that highlights the most important areas of Web3.
We also recommend that you take a look at the global cryptocurrency market predictions for 2024 if this material suddenly escaped your attention.
- Educational Videos by CP Media
In the past three weeks, four video lessons came out at once, focusing on different aspects of the cryptocurrency industry, namely:
We’d also like to share that SOFTSWISS is entering the African iGaming market. The company acquired a controlling stake in Turfsport, a leading provider of technical betting solutions in South Africa. It has been operating in the local market for over 35 years.
