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The start of 2024 was relatively quiet, prompting our customary digest to cover the initial three weeks of January. What noteworthy events transpired during this period? Sam Bankman-Fried was acknowledged as the most prominent figure in the crypto space for 2023. However, this is somewhat amusing, as the headlines concerning the former FTX CEO primarily focused on his legal issues.
Among the recent developments from this timeframe are analysts’ insights indicating that the number of users for Web3 applications is expected to more than double in 2023. Additionally, X (previously known as Twitter) ceased to support non-fungible tokens (NFT) as profile pictures for accounts. This indirectly validates our forecast for the NFT market in 2024.
One of the most significant stories at the start of 2024 was the approval by the U.S. Securities and Exchange Commission (SEC) of applications to launch exchange-traded funds (ETFs) based on Bitcoin spot prices. On the inaugural day, the trading volume for shares of spot Bitcoin ETFs surpassed $4.5 billion. Over five days of trading, these funds accumulated 30,500 BTC, which exerted downward pressure on Bitcoin’s price.
To remain informed about the latest developments in the Web3 sector and related areas, visit the frequently updated News section on the CoinsPaid Media website. Pay particular attention to the following materials published in the last three weeks.
- Timeline of Crypto Market Events: 2023 Edition
The CP Media team has assembled a timeline of significant news in the Web3 sector for 2023. This may not be particularly relevant for our regular audience, as 80% of the events listed have already been thoroughly covered on the CoinsPaid Media website. Nonetheless, we believe this compilation will be beneficial for future researchers.
Related Posts
- Top 2024 Trends in Web3
The Web3 sector encompasses more than just the cryptocurrency market, which represents only a portion of its financial dimension and is heavily influenced by developments in other fields. Industry experts consulted by the CP Media team shared their insights with our audience regarding trends across various sectors of decentralized technologies that will be significant in 2024. The outcome is a comprehensive overview that emphasizes the key areas of Web3.
We also suggest reviewing the global cryptocurrency market forecasts for 2024 if this content has somehow gone unnoticed.
- Educational Videos by CP Media
In the past three weeks, four video lessons were released simultaneously, addressing different facets of the cryptocurrency industry, specifically:
- What Is Selfish Mining?
- FOMO: What Is It?
- Web3 and Social Media
- Tokens
Additionally, we would like to announce that SOFTSWISS is entering the African iGaming market. The company has acquired a controlling interest in Turfsport, a leading provider of technical betting solutions in South Africa, which has been active in the local market for over 35 years.
Сообщение Three Weeks’ Highlights: Articles, Forecasts, and Video Tutorials появились сначала на CoinsPaid Media.
