#2023
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White House report on crypto
The White House has recently published the 2023 Economic Report of the President, which says that cryptocurrencies do not have a fundamental value and are not a reliable substitute for traditional money. The report also highlights that digital assets are highly unstable and prone to fraud.
The open interest in bitcoin futures reached an annual high of $12 billion.
This indicates a notable increase in liquidity, which is a vital factor for the markets.
Also, trading volumes on decentralized exchanges hit all-time highs over the past 16 months. RIP mining: What are the alternatives in 2023?
Last year, when Ethereum transitioned to a Proof-of-Stake (PoS) consensus algorithm, many mainstream media outlets published articles proclaiming the death of mining. However, the question remains: has mining truly ceased to be profitable, and if so, what alternatives are available?
According to the March 2023 reserve report , a total of 8.7 billion USDC is being held in six banks. However, three of these banks – Silvergate, Signature, and Silicon Valley Bank – are currently experiencing liquidity and solvency issues. The situation is especially dire for Silicon Valley Bank, which held 3.3 billion USDC and has been forced to close by the California Department of Financial Protection and Innovation.
The USDC price has dropped by 15%, to $0.86, in response to these developments. Additionally, the DAI stablecoin has fallen by 10%, as up to 50% of its collateral is held in USDC.
Currently, US Treasury bills account for 77% of the USDC reserves. The remaining 23% is held in cash at various banking institutions. The fate of these funds will depend on the outcome of the bankruptcy process for the affected banks and the amount of funds that can be recovered.
Ameen Soleimani, one of the first contributors to the scandalous Tornado Cash crypto mixer, has announced the launch of a new mixing service called Primacy Pools, which is based on the TC code.
Now, every hacker and criminal will have a chance to demonstrate that they are not engaging in any malicious activity (but not for sure). What is clear is that honest users will be able to prove that they have not committed fraud and are therefore legitimately using the privacy-enhancing service.
Predictably, the new service uses zero-knowledge proof, which is the main trend of 2023. It is a protocol that confirms information without disclosing it.
Your move, SEC! Bank of America: 2023 will be the year of utility tokens
According to the BoA's latest report (https://www.coindesk.com/markets/2023/02/28/2023-will-be-the-year-of-crypto-token-price-divergence-bank-of-america/), the market is expecting a significant divergence in token prices this year. Industry analysts believe that utility tokens will outperform governance and memecoins. Tarzan Swings from the Jungle to the Metaverse
It goes without saying that Tarzan is one of the best-known characters beyond his eponymous book. A comic book hero, animated series character, TV show character, movie star, and computer game character. He has also made his way into the Web3 world in 2023 Blockchain games dominate the market, outpacing DeFi by 2x
DappRadar, in collaboration with BGA Games, has released a report on blockchain games for February 2023. The report provides an overview of the industry's current state, user engagement, and financial performance, indicating that the industry still has potential despite facing obstacles. Rostyslav Bortman: “ZK-rollups are a key trend for 2023”
A number of successful blockchain projects developed by Ukrainians proves that Ukraine is one of the world's most digitally advanced countries. What is the secret to our success? We got answers to this as well as other questions that trouble many crypto enthusiasts from a Ukrainian developer. 









