2023: The Crypto Hall of Fame- Top Coins, Biggest Fails, And Everything In Between!

2 min readDec 20, 2023

As we bid farewell to 2023, join us on a thrilling journey through the highs, lows, and unexpected twists that have shaped the crypto landscape from January to December. In this exclusive summary, we unravel the crypto news tapestry, exploring the triumphs of innovation, the storms of market dynamics, and the breakthroughs that have defined the year. Get ready to embark on a narrative that goes beyond the headlines, capturing the essence of a year where crypto once again proved its resilience and transformative power.

January:

Bitcoin’s yearly low is $16,680.
Genesis filed for bankruptcy under Chapter 11.

February:

The Securities Exchange Commission(SEC) shut down Kraken’s staking program, and Kraken paid $30mm in fines.
IMF lays out a crypto action plan and recommends against legal tender status.
Former Coinbase Insider pleads guilty in first-ever cryptocurrency insider Trading Case.
Regulator orders crypto firm Paxos to stop issuing Binance Stablecoin.

March:

Silicon Valley Bank collapsed and later bailed out.
Arbitrum launches ARB token.
CFTC charges Binance and CZ for violating federal law and running an illegal digital asset derivatives exchange in the US.

April:

The Bitcoin price rose above $30,000 for the first time since June 2022.
Coinbase files action against SEC seeking clarity on crypto regulations.

MAY:

Department of Justice(DOJ) investigation of Binance for Russian sanctions.
Bittrex filed for Chapter 11 bankruptcy.

JUNE:

SEC sued Binance and CEO Changpeng Zhao for U.S. securities violations.
SEC sues Coinbase over exchange and staking programs.
BlackRock files for spot Bitcoin ETF.
Fidelity, Wisdom Tree, VanEck, and Bitwise refile Bitcoin ETF.

July:

XRP ruled that it was not a security.
OpenAI’s Sam Altman launched the Worldcoin crypto project.

AUGUST:

PayPal launches PYUSD stablecoin.
Coinbase launches Layer-2, Base.
Impact Theory settles with SEC-first enforcement action against an NFT.
Grayscale wins lawsuit with SEC over spot Bitcoin ETF conversion.

SEPTEMBER:

Nomura, Japan’s largest investment bank, has launched the Bitcoin Fund.
Thodex founder Faruk Fatih Ozer and his siblings received a sentence of over 11,000 years in prison and a $5 million fine.
Binance fully exists in Russia with the sale to CommEX.

OCTOBER:

First Ethereum Futures ETF launch,
The UK confirms plans to regulate the crypto industry with formal legislation.
Gemini and other crypto firms are charged with fraud for losing over $1 billion in investor funds.
SEC drops charges against Ripple CEO Garlinghouse and Chairman Larsen.

November:

Sam Bankman-Fired was found guilty on all seven criminal fraud counts.
BlackRock files for spot Ethereum ETF.
Binance settles for $4.3bn, CEO Changpeng Zhao steps down.

December:

Bitcoin surged above $40k for the first time since April 2022.
Safemoon filed for Bankruptcy.
Binance CZ has finalized a $2.7 billion settlement with CFTC.