Crypto Revolution 2023: Global Shifts and Market Movers

"In 2023, BlackRock's embrace of crypto, Elon Musk's defiance, and global financial realignments shaped a dynamic landscape. From landmark regulatory developments to key players' decisions, the year witnessed a transformative journey for cryptocurrencies."


Worldsfeed Tech Desk: “In 2023, BlackRock files for a crypto ETF, Elon Musk dismisses threats, and global shifts see China, Russia, and BlackRock redefining financial dynamics. Binance CEO resigns, SEC actions evolve, and El Salvador pioneers tax-free crypto policies, encapsulating a year of impactful changes in the crypto landscape.”

What happened crypto market in 2023?

2023 Recap:

• US judge rules XRP is not a security.

• $10 trillion asset manager BlackRock officially files for a Spot #Bitcoin & Ethereum ETF.

• BlackRock CEO says crypto is digital gold and “Bitcoin is an international asset.”

• Sam Bankman-Fried found guilty on all charges.

• Elon Musk tells advertisers who are trying to blackmail him to “go fu*k yourself.”

• Russia to use Chinese yuan instead of US dollars to settle trade with Asia, Africa, & Latin America.

• FED Chair Jerome Powell says “crypto appears to have staying power as an asset class.”

• Changpeng Zhao (CZ) resigns as Binance CEO.

• Coinbase relists Ripple XRP.

• Chinese Yuan overtakes US dollar as most-used currency in China’s cross-border transactions for the first time in history.

• Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.

• Argentina President Javier Milei plans to replace the peso with the US Dollar and shut down the central bank.

• Turkish crypto exchange CEO sentenced to 11,196 years in prison for stealing $2 billion in customer funds.

• SEC drops lawsuit against Ripple XRP executives.

• Crypto asset manager Grayscale wins lawsuit against SEC.

• Coinbase sues the SEC, seeking regulatory clarity for the crypto industry.

• El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.

• Hong Kong court recognizes cryptocurrencies as property.

• Chinese property giant Evergrande files for bankruptcy.

• Terra founder Do Kwon arrested in Montenegro.

• US Government arrests SafeMoon founders John Karony, Kyle Nagy & Thomas Smith.

• BlackRock names JPMorgan as an authorized participant for its Spot Bitcoin ETF.

• UK Government plans to establish new digital asset legislation and make the country a crypto hub.

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