Reflecting on 2023, the crypto market saw a year of major developments and significant regulatory shifts. From innovative strides in the crypto and DeFi spaces to digital asset frameworks, the year was an important one for the industry.
2023 also saw the G20’s adoption of a unified regulatory framework for crypto assets. EU’s groundbreaking Markets in Crypto-Assets (MiCA) regulation was also given the green light in 2023. These changes, along with the heightened anticipation for the first Bitcoin spot ETF, contributed to a newfound legitimacy for cryptocurrencies globally.
As we look back at 2023, here is our pick of five defining moments for the crypto and DeFi market:
SocialFi
In 2023, the launch of Friend.tech on Coinbase’s Ethereum Layer 2 chain, BASE, sparked interest in SocialFi. Its August launch blended social media with cryptocurrency. This trend led to increased discussions about the potential of SocialFi for revolutionizing social media platforms. It enhanced user enga
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