Crypto Market Recovers After FTX Crash, Bitcoin Hits ATH of $21K!

• Bitcoin price has fully recovered from the FTX crash two months ago, reaching a new all-time high of $21,000.
• Most alternative coins have seen double-digit percentage increases in the past week.
• The crash of FTX, Alameda Research, and other related firms had a major impact on the crypto industry at the end of 2022.

The crypto industry has seen a wild ride in the past year, with the sudden collapse of some of the biggest crypto empires such as Terra, 3AC, and Celsius. But the biggest shock came at the end of 2022 with the crash of FTX, Alameda Research, and the numerous firms related to them. This major event had a huge impact on the crypto industry, with the prices of many coins taking a major hit.

However, the crypto market has shown a remarkable resilience in the past two months, with Bitcoin leading the charge and recovering from the FTX crash. Bitcoin has risen steadily since the end of 2022, and today it has reached a new all-time high of over $21,000. Most alternative coins have also seen a huge surge in the last few days, with double-digit percentage increases in the past week.

The recovery of the crypto market is an encouraging sign for anyone who has been following the industry for the past few months. The resilience of the market and its ability to bounce back from a major crash is a testament to the strength of the industry and its potential for continued growth in the future. With the prices of many coins hitting new highs, the future looks bright for the crypto industry.

Tron BitTorrent Network Reaches 2 Billion Downloads

The P2P file sharing service, BitTorrent, and its little brother Crypto Investor, have been downloaded more than two billion times on various platforms. Last year the network accounted for 3% of all downstream traffic, and 28% of upstream traffic over the Internet.

The company attributes the figures to the “longstanding popularity of its classic desktop torrent services, as well as its new web-based downloader and torrent player, built for the streaming era. It said the Android version of the service on Google Play Store is the “most popular torrent downloader.

BitTorrent adds Binance USD (BUSD) as a payment method

In the announcement, Sun hinted that BitTorrent would soon launch new products:

“We hope to accomplish our mission of improving the protocol and introducing new use cases, such as decentralized file storage and live streaming products.

Acquired by Justin Sun’s Tron Foundation in July 2018 for $140 million, the service is said to have had 170 million users. In early 2019, it launched its own token, Bittorrent (BTT), to encourage users to keep files on the network, which would increase overall download speeds by having more copies of any file available.

By March 2020, the token had dropped 90% of ATH. The current price of 0,000459 is still 74% lower than ATH.

Vitalik Buterin of Ethereum writes about a “zombie” BitTorrent under Justin Sun’s “dictatorship

The “Sun Dictatorship”
As with many projects Sun is involved in, the platform has been the subject of controversy. Some believe that the BitTorrent File System (BTFS) file sharing service copied elements of the Interplanetary File System (IPFS), which came to a head after a recent re-branding of the BTFS logo to something strikingly similar to the IPFS logo.

The ‘Sun dictatorship

New Tron partnership allows players to earn crypto for streaming
IPFS founder John Benet called them immediately saying “Tron couldn’t think of an original logo either”.

In a heated Twitter thread, Benet said that “it’s not enough to fork over all our code, rename it and lie about it” before claiming that Tron’s BTFS also copied, “random pieces of our paper, and defrauded its investors with a meaningless mix.

Ethereum founder Vitalik Buterin intervened, calling Sun a dictator who zombied BitTorrent:

“This tweet is honestly painful to read. It’s like looking at a zombie: the account *looks* like something you’ve grown up with and known and loved for 15 years, but underneath it’s just, well, now it’s just another appendage of Sun’s dictatorship”