JAKARTA - Another year cryptocurrency has passed. As usual, Twitter has been a hotbed of crypto-related conversations over a fluctuating year. From the collapse of Terra and bankruptcy of FTX to the takeover of Twitter by Elon Musk, 2022 has played a drama that keeps people loyal to watch a shocking episode.
Tweets can act like time capsules from the past, offering memories or documenting certain histories. Here are 10 memorable tweets from 2022, Cointelegraph's version.
Terra Runtuh
The crypto space took some blow this year, and among them was the collapse of the Terra project. Terra started 2022 as a public project in the crypto industry, with its LUNA assets at the top 10 cryptocurrencies by market cap at the start of the year.
However, in May, the project collapsed, driven by the fact that its associated stablecoin, TerraUSD (UST), really lost its stake in the US dollar. Although that year included many tweets related to the spectacle, a tweet under the head of the project documented part of the series of events.
4/ A review of the current situation: UST is currently trading at 50 cents, a significant deviation from its intended peg at $1.
— Do Kwon 🌕 (@stablekwon) May 11, 2022
Twitter's new owner Focuss on Dogecoin
Tesla CEO Musk sometimes tries crypto space, often expresses his interest in Dogecoin. In October, he bought Twitter, made himself CEO, and started making significant changes to the company. Crypto exchange Binance has invested in Musk's era of Twitter, giving $500 million to social media giants.
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
Three Arrows Capital Falling
Another significant company that went down was Three Arrows Capital, or 3AC. After a billion-dollar hedge fund, 3AC filed for bankruptcy in July, which appeared to be partly influenced by Terra's fall.
Throughout the year, transmission has become a significant factor in the crypto space. When one company makes a negative breakthrough, the effects of its pleasure are often felt by other players.
We are in the process of communicating with relevant parties and fully committed to working this out
— Zhu Su 🔺 (@zhusu) June 15, 2022
FTX Bangkrut
FTX, another major player in the crypto space, also went bankrupt in 2022. Led by former CEO Sam "SBF" Bankman-Fried, the crypto exchange ended up in a position where they didn't have enough funds to pay off their debts.
With details following the collapse, such as the mishandling of the Alameda Research entity, major FTX-related news has dominated crypto later this year, including filing for corporate bankruptcy in November and several United States government hearings related to this exchange. At the request of the US government, the SBF was detained by the Bahamas authorities this December.
3) I had thought of myself as a model CEO, who wouldn't become lazy or disconnected.Which made it that much more destructive when I did.I'm sorry. Hopefully people can learn from the difference between who I was and who I could have been.
— SBF (@SBF_FTX) December 9, 2022
Ethereum Merger
Ethereum officially made a highly anticipated transition to blockchain proof-of-stake in September, bringing the proof-of-work consensus to close one of the most common crypto blockchains. Ethereum co-creator Vitalik Buterin tweeted on September 15 that the event was over.
Following the merger, the Ethereum blockchain shows an increase associated with block production, taking less time to verify the block and see an increase in the number of blocks produced every day. The next major increase of the Ethereum blockchain, Shanghai, is expected to occur in 2023 and will unlock Ether at stake in the Meis Chain.
And we finalized!Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.
— vitalik.eth (@VitalikButerin) September 15, 2022
Regulations
The last five tweets on this list don't focus too much on big events as they only see interesting places associated with the crypto space, as evidenced in the form of tweets. This one from US Senator Cynthia Lummis highlights crypto regulation, a topic that is increasingly popular in industry this year.
Requiring open source developers to build AML/KYC into node software and hardware wallets? That dog won’t hunt.
— Cynthia Lummis 🦬 (@CynthiaMLummis) December 14, 2022
Bitcoin Price
Bitcoin has had a difficult year, down from nearly 50.000 US dollars to below 20,000 US dollars, according to the BTC Cointelegraph price index. Although gold advocate Peter Schiff has historically destroyed Bitcoin, the price he mentioned in a January 20 tweet doesn't seem reasonable if we look back. But will the price of Bitcoin go down further, or is it over the worst already? The answer is likely to come in 2023.
#Bitcoin has finally broken the neckline of a head-and-shoulders top. The scary part for the longs is that the pattern projects a move below $30,000. Once that level is breached Bitcoin will have completed a massive double top. From there a crash below $10,000 is highly likely.
— Peter Schiff (@PeterSchiff) January 21, 2022
Key Attention Signs of crypto
In March, before most bearish this year, National Football League star Tom Brady tweeted about his admiration for Buterin's sign of attention and growth in crypto mainstream.
#Bitcoin has finally broken the neckline of a head-and-shoulders top. The scary part for the longs is that the pattern projects a move below $30,000. Once that level is breached Bitcoin will have completed a massive double top. From there a crash below $10,000 is highly likely.
— Peter Schiff (@PeterSchiff) January 21, 2022
Still Supporters of Bitcoin
MicroStrategy co-founder and executive chairman Michael Saylor has been the face of the company's Bitcoin acquisition pursuit, which has led MicroStrategy to hold more than 100,000 BTC. Since turning assets into bullish, Saylor has often spoken positively about Bitcoin. Events in 2022 don't seem to deter him from cryptocurrencies, according to a December tweet below.
#Bitcoin has finally broken the neckline of a head-and-shoulders top. The scary part for the longs is that the pattern projects a move below $30,000. Once that level is breached Bitcoin will have completed a massive double top. From there a crash below $10,000 is highly likely.
— Peter Schiff (@PeterSchiff) January 21, 2022
Simple Tweets of Original Industrial Residents
From the start, the crypto industry has sometimes resembled a rollercoaster, ups and downs. Anthony Pompliano, a well-known figure in the crypto space, tweeted positive rays at the end of the year to close the list with a positive tone.
#Bitcoin has finally broken the neckline of a head-and-shoulders top. The scary part for the longs is that the pattern projects a move below $30,000. Once that level is breached Bitcoin will have completed a massive double top. From there a crash below $10,000 is highly likely.
— Peter Schiff (@PeterSchiff) January 21, 2022
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