TechFlow news on January 17 — According to Coingape, Circle's co-founder Jeremy Allaire said that as startups continue to struggle, the cryptocurrency market will witness more FTX-like bankruptcies in 2023. However, he remains optimistic about technological advancements in the market and rising cryptocurrency adoption in 2023, thanks to progress in regulatory frameworks and rules. Jeremy Allaire asserted that 2023 will be a year of innovation centered on Layer 1 blockchains, Layer 2 scaling solutions, and new technologies for privacy, security, and identity, and that the crypto market will not see a slowdown in technological innovation.
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