Top Crypto Market Highlights January 3, 2023

Top Crypto Market Highlights News Of The Day

Square Enix Set To Double Down Blockchain Game In 2023

Square Enix, the developer of the Final Fantasy series, plans to increase its focus on blockchain game creation despite volatility in the cryptocurrency market, according to a letter from Yosuke Matsuda, the president of the Japanese firm, on January 1. For more specific information, you can read the article below:

Coinbase Users Who Sued The Firm Refuse To Reveal Account Information

Plaintiffs in a class action lawsuit against Coinbase who suffered damages as a result of unlawful digital asset transfers are apparently delaying the case. The users who are suing the leading US-based crypto exchange are refusing to reveal essential account information, causing the proceedings to be delayed. For more specific information, you can read the article below:

Bitcoin Mining Revenue In 2022 Dropped 37.5% To $9.55 Billion

Along with poor market conditions, miners also suffered from high electricity costs and record mining difficulty. Data shows that Bitcoin mining revenue in 2022 will drop to $9.55 billion, down 37.5% from $15.3 billion in 2021. Since the culmination of a significant rally in 2021, the cryptocurrency has lost more than $2 trillion in market capitalization to less than $900 billion. For more specific information, you can read the article below:

Justin Sun: Huobi Plans To Reach 100 Million Users By 2023

On January 3, Justin Sun, the founder of TRON and a member of the advisory board of Huobi Global, shared on his account that Huobi plans to reach 100 million users in 2023. Justin Sun is proud to present Huobi Exchange which has 100% uptime and has not had a single security breach in the industry in the past ten years. This is because it operates in an industry where cyber-attacks and hacks are widespread. For more specific information, you can read the article below:

Former Bithumb Chairman Tried Innocent In First Trial Of Scam Of $70 Million

Lee Jung-hoon, Former Bithumb Chairman, tried Innocent in the first trial for the $70 million fraud. During the trial held this afternoon, the 34th Criminal Agreement Division (Chief Justice Kang Gyu-tae) of the Seoul Central District Court acquitted Lee, who was charged with fraud and other crimes under The Specific Economic Crimes Aggravation Act. For more specific information, you can read the article below:

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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