• FTX declared bankruptcy in the fall of 2020 after not having enough reserves to cover client withdrawals. • Emin Gün Sirer, CEO and founder of Ava Labs, believes that the damage done by Sam Bankman-Fried's actions is immeasurable as they have pushed the industry back. • Sam Bankman-Fried was arrested and charged with fraud and money laundering for suspected misappropriation of billions of dollars in client funds. Collapse of FTX Last autumn, FTX declared bankruptcy since it did not have sufficient reserves of client funds to satisfy withdrawals, damaging the credibility and trustworthiness of the young crypto industry. Ava...

• Ukraine has announced that it will be launching its digital hryvnia currency by the end of 2023, which is earlier than the initial proposed date of 2024. • The government has chosen the Stellar Development Foundation as a partner for this pilot phase. • Mykhailo Fedorov, the minister in charge of Ukraine’s digital transformation, has said that he is pushing for an expedited timeline on creating this electronic hryvnia (e-hryvnia). Ukraine Prepones Pilot Launch of Digital Hryvnia To 2023 Ukraine's Ministry of Digital Transformation and the National Bank of Ukraine (NBU) have decided to move up the launch date...

• Binance, a cryptocurrency exchange, announced on February 10th that it will be using zk-SNARKs as part of its proof-of-reserves verification system. • This new technology should greatly increase the safety and openness of the verification procedure while keeping sensitive information private. • Binance CEO Changpeng Zhao believes this upgrade will provide users with increased privacy and security. Binance Introduces zk-SNARKs Binance, a cryptocurrency exchange, stated on February 10 that it will be using zk-SNARKs as part of its proof-of-reserves verification system. This cutting-edge technology should greatly increase the safety and openness of the verification procedure while keeping sensitive information...

• WisdomTree’s crypto holdings decreased by 60% in Q4 of 2022. • The drop in value was due to the bear market in Bitcoin and other cryptocurrencies. • Despite a rise in quarterly income, WisdomTree reported a net loss of $28.3 million. WisdomTree's Crypto Holdings Drop Over 60% The prolonged bear market in Bitcoin and other cryptocurrencies led to a dramatic decrease in the value of WisdomTree's digital asset holdings in the fourth quarter of 2022. As of December 31, 2022, the total value of the cryptocurrency funds managed by WisdomTree was $136 million - down from $163 million at...