These are the 5 most important news of the week

Another exciting week in crypto space is coming to an end. The most important events around Bitcoin, Ethereum and Co. at a glance.

While the total revenue of the Facebook parent company was better than forecast, Zuckerberg’s Metaverse division is still weak. Reality Labs has racked up significant losses — $13.7 billion in 2022 and $10.2 billion the year before, according to its earnings report.

Despite everything, Zuckerberg is optimistic and sees the new year as a “year of efficiency”. After a disappointing third quarter, the group recently had to say goodbye to 11,000 employees.

More details on Meta’s quarterly figures can be found here: Mark Zuckerberg optimistic despite billions in loss on Metaverse development

Chainalysis: Crypto money laundering and hacks hit record high

In the new Crypto Crime Report, blockchain analysis firm Chainalysis states: In terms of money laundering and hacks in the crypto sector, a record high was reached last year.

A total of $23.8 billion was laundered using cryptocurrencies in 2022, a 68 percent increase from the previous year. Cyber ​​criminals were also able to steal more money than ever before last year: a total of 3.8 billion US dollars.

For more details on money laundering and hacks, read this post: Crypto money laundering and hacks were at their highest levels in 2022

Coinbase: Crypto exchange wins class action lawsuit in court

In a class action lawsuit, the US crypto exchange was accused of having issued unregistered securities. Coinbase also avoided disclosure rules and charged “illegitimate transaction fees.” US District Judge Paul Engelmayer dismissed the lawsuit.

You can find more information about the court decision here: Class action lawsuit dismissed – Coinbase wins in court

Regulation: China wants to tax crypto and mining

In recent years, the crypto industry in China has faced bans and prosecutions. However, while a general crypto ban was imposed in the Middle Kingdom, China continued to contribute a certain share of the global bitcoin hashrate.

According to crypto blogger Wu Blockchain But are Chinese authorities now levying a 20 percent income tax on crypto profits from miners and investors – a policy reversal?

You can read everything else about China’s plans here: Will China introduce crypto taxes?

Cardano: New stablecoin Djed is launched

About a year ago, the development of “Djed”, an algorithmic stablecoin of the DeFi project Coti, started. This in turn is part of the Cardano ecosystem. The new stablecoin should primarily be able to be used as a means of payment in the DeFi area.

After last year’s Terra debacle, some members of the crypto community took a rather critical view of algorithmic stablecoins.

You can read about the advantages and disadvantages of algorithmic stablecoins here: Do algorithmic stablecoins have a future?

Everything about the new stablecoin can be found here: Cardano’s new stablecoin launched