#2022
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NFT royalties on Ethereum hit an eye-popping 699,816 ETH, roughly translating to $1.8 billion. However, data analytics firm Nansen's deep-dive analysis points to an unsettling trend.
Despite sustained NFT volumes in 2023, royalties for this year only constitute 9.4% of the total payout, a stark contrast to 2022, which accounted for over 64% of the total ETH paid. The culprit behind this disparity is the downward trend in effective royalty rates, which fell from 2.5% in 2022 to a scant 0.6% by July 2023.
Some NFT projects such as Yuga Labs, behind popular initiatives like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), are among the few benefiting, receiving 9.4% of all royalties. 
Contrary to forecasts, the value of Salvadoran bonds rose by 62% after Fitch downgraded the country's credit rating in September 2022. Perhaps the 79% surge in BTC during the same period played a role in this unexpected turn of events.
In 2021, El Salvador declared Bitcoin as legal tender and currently holds 2546 BTC. Despite skepticism from the IMF, the country also allocated $1 billion for the construction of a mining farm with a capacity of 241 MW. From Suits to Satoshi: Bankers Flock to the Crypto Industry
Even in the face of regulatory challenges and the persistent downturn of 2022, former bankers who've made the shift to the crypto industry, particularly those from the traditional finance (TradFi) sector, seem uninterested in reverting to the old fiat-banking system. 
DID: A Decentralized Identifier
The World Wide Web Consortium (W3C) marked 2022 with a decisive push towards enhancing and integrating Decentralized Identification (DID) technology. The adoption of these decentralized identifiers equips companies and individuals with the means to manage their personal information independently. Standard Chartered Predicts Bitcoin to Skyrocket to $100,000
In December 2022, analysts from Standard Chartered presented a less-than-encouraging forecast for the cryptocurrency market in 2023. However, following Bitcoin's remarkable surge from $16,000 to $30,000, the experts at Standard Chartered decided to reassess their prediction. Estonia Tightens Regulations: Why Crypto Firms Are Shutting Down?
In the past year, a considerable number of cryptocurrency companies in Estonia have been compelled to close their doors, either voluntarily or due to regulatory pressure. The catalyst for these closures was the introduction of amendments to the law on combating money laundering and preventing the financing of terrorism in 2022. EU Adopts MiCA Regulations: What Lies Ahead for Cryptocurrencies?
The European Union has adopted a new legislative framework for the crypto asset market (MiCA). Even though the development of this document began back in 2020, the issue of regulation has become increasingly urgent, especially following the problems that emerged in 2022. Coinbase Launches International Exchange
Coinbase, one of the largest cryptocurrency exchanges in the world, has launched an international exchange for institutional traders outside the US. The platform will allow users to trade perpetual futures, which accounted for almost 75% of global crypto trading volume in 2022. Boop & Frens: forever young Betty enters Web3
For over 90 years, Betty Boop has been a legendary animated character who has captured the hearts of audiences. While she could have remained confined to the silver screen, the latest trends have brought the coquettish fashionista into the world of Web3 with confidence and flair in 2022. 
Escalating Crypto Scams Opt for Alternatives, Deserting Bitcoin
TRM Labs, a premier blockchain analytics company, has issued its "2022 Illicit Crypto Ecosystem Report," providing an in-depth examination of the various scams prevalent within the cryptocurrency landscape. We take a look at the crucial takeaways. 
On the morning of July 13, Alex Mashinsky, the former CEO of the now-bankrupt crypto lender Celsius, was reportedly arrested. The news broke minutes after the United States Securities and Exchange Commission filed a lawsuit against the crypto lender on the same day.
The company’s token dropped 6% upon hearing the news.
The former CEO was arrested following an investigation into the company’s collapse. Celsius Network initiated the process of filing for bankruptcy on July 14 of the previous year. Investigators at the Commodity Futures Trading Commission found Mashinsky guilty of breaking numerous U.S. regulations prior to the company’s implosion in 2022.
The investigation into the troubled crypto lender began after the New York Attorney General sued Mashinsky on January 5. The lawsuit alleged that the former CEO misled investors and caused billions of dollars in losses. 100,000 ChatGPT Logins Leaked
Over the past year, a Singaporean cybersecurity firm has discovered a major data breach involving more than 100,000 login credentials for the popular AI chatbot, ChatGPT. The compromised logins were traded on dark web marketplaces between June 2022 and May 2023, according to a recent blog post by Group-IB. PKO Bank Polski Broadens Its Service Spectrum in the Metaverse
PKO Bank Polski, a front-running bank in Poland, is enhancing and expanding its suite of services within the metaverse. This financial institution launched a virtual office on the Decentraland platform in October 2022 and has since been actively tracking the number of visits and measuring the level of engagement with this novel service model. 
What is TerraClassicUSD (USTC)? An overview of the project
TerraClassicUSD (USTC) is an algorithmic stablecoin of the Terra blockchain. The idea behind USTC was to tackle the scalability issues that plagued other stablecoins. However, USTC ultimately proved to be the downfall of the Terra ecosystem in May 2022. Security Breach Addressed: Trust Wallet Users to Be Compensated
Trust Wallet, a leading provider of secure wallet software, has announced that it has addressed a WebAssembly (WASM) vulnerability affecting a small number of users. The vulnerability was reported by a security researcher in November 2022 through the company's bug bounty program and affected new wallet addresses generated between November 14 and 23, 2022, by the Trust Wallet Browser Extension. 