Crypto News

10 crypto tweets that made a splash in 2022

— December 21, 2022 comments off

Another yr in the crypto area has practically handed. As typical, Twitter has been a hotbed of crypto-related dialog through the turbulent yr. From Terra’s collapse and the entire scenario with FTX to Elon Musk’s takeover of Twitter, 2022 has performed out like a tv drama, maintaining individuals on the sting of their seats. 

Tweets can act like time capsules from the previous, providing up reminiscences or documenting specific historic factors.

Here are 10 memorable tweets from 2022.

The Terra collapse

The crypto area suffered a number of blows this yr, and amongst them was the collapse of the Terra project. Terra began 2022 as a prevalent undertaking in the crypto business, with its LUNA asset sitting in the highest 10 cryptocurrencies by market capitalization initially of the yr.

In May, nonetheless, the undertaking crumbled, fueled by the actual fact that its associated stablecoin, TerraUSD (UST), utterly misplaced its peg to the U.S. greenback. Although the yr included many tweets associated to the spectacle, the one beneath from the undertaking’s head paperwork a part of the collection of occasions.

Twitter’s new Dogecoin-focused proprietor

Tesla CEO Musk has dabbled in the crypto space at occasions, often expressing his interest in Dogecoin (DOGE). In October, he purchased Twitter, named himself its CEO and proceeded to enact significant changes to the corporate. Crypto alternate Binance has invested in Musk’s Twitter, putting $500 million toward the social media giant.

Three Arrows Capital falls

Another vital firm that went down was Three Arrows Capital, or 3AC. Once a multibillion-dollar hedge fund, 3AC filed for chapter in July, seemingly affected in part by the autumn of Terra.

Over the course of the yr, contagion has reared its head as a vital issue in the crypto area. When one firm made a splash in a adverse approach, the ripple results had been usually felt by different gamers.

FTX collapses

FTX, one more main participant in the crypto area, additionally fell aside in 2022. Led by former CEO Sam “SBF” Bankman-Fried, the crypto alternate wound up in a place the place it didn’t have sufficient funds to pay out those it owed.

With particulars surfacing following the collapse — comparable to sister entity Alameda Research mishandling funds — FTX-related headlines have dominated the latter portion of the yr, together with the company’s November bankruptcy filing and the a number of (*10*) associated to the alternate. At the request of the U.S. authorities, SBF was taken into custody by Bahamian authorities in December.

The Ethereum Merge

Ethereum officially made its much-anticipated transition to a proof-of-stake blockchain in September, bringing proof-of-work consensus to a shut on certainly one of crypto’s most prevalent blockchains. Ethereum co-creator Vitalik Buterin tweeted on Sept. 15 that the event had reached completion.

Following the Merge, the Ethereum blockchain showed enhancements associated to dam manufacturing, requiring much less time for block verification and seeing a rise in the variety of blocks produced every day. The Ethereum blockchain’s next major upgrade, Shanghai, is anticipated to happen in 2023 and can unlock Ether (ETH) staked on the Beacon Chain.

Regulation

The closing 5 tweets on this record don’t a lot deal with main occasions as they merely take a look at factors of curiosity associated to the crypto area, evidenced in tweet type. This one from U.S. Senator Cynthia Lummis sheds light on crypto regulation, an more and more common subject in the business this yr.

Bitcoin’s worth troubles

Bitcoin (BTC) had a robust yr, dropping from virtually $50,000 to beneath $20,000, in line with Cointelegraph’s BTC price index. Although gold advocate Peter Schiff has traditionally bashed Bitcoin, the costs he talked about in a Jan. 20 tweet don’t appear illogical wanting again. But will Bitcoin’s worth proceed taking place even additional, or is the worst already over? The reply will seemingly come in 2023.

An indication of crypto’s mainstream consideration

In March, earlier than a lot of the yr’s bearishness, National Football League star Tom Brady tweeted about his admiration of Buterin — a signal of crypto’s mainstream consideration and development.

Still a Bitcoin proponent

MicroStrategy’s co-founder and government chairman, Michael Saylor, has been the face of the corporate’s Bitcoin-acquiring pursuits, which have led to MicroStrategy holding over 100,000 BTC. Since turning bullish on the asset, Saylor has usually spoken positively about Bitcoin. The occasions of 2022 have seemingly not deterred him from the cryptocurrency, based mostly on the December tweet beneath.

A easy tweet from an business native

Since its inception, the crypto business has, at occasions, resembled a rollercoaster of highs and lows. Anthony Pompliano, a well-known determine in the crypto area, tweeted a ray of positivity late in the yr to cap off the record on a constructive notice.