Last year was a torrid year for crypto enthusiasts. The biggest cryptocurrency, Bitcoin, sank by 64%, while Ethereum fell by 67%. The value of Dogecoin, a joke cryptocurrency that later gained popularity among Elon Musk and his supporters, dropped by almost 60%.

In addition, many of the biggest exchanges either collapsed or are still facing legal troubles. The arrest of FTX’s founder, Sam Bankman-Fried, after the company’s collapse in November last year has shifted…

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