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2022 was a challenging year for crypto, with the implosion of Terra Luna, Bitcoin’s loss of half its value and, of course, the collapse of FTX, which had repercussions across the industry.
Analysts are divided over Bitcoin’s chances of recovery in 2023, but new coins and blockchain-based technological innovations are entering the market at an incredible rate and the crypto space will continue to grow in new directions.
Let’s take a look at a few of the trends expected to dominate the market in the year ahead.
Increased Crypto Regulation
There have been many more calls recently for stricter crypto regulation and they are louder than ever before. These voices are now coming from all corners of the financial, judicial and government arenas, as well as from consumer rights advocates, in large part as a direct response to the FTX debacle, which occurred due to overwhelming failures in management, insufficient reserves, and the limited scope of audits. As a re
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