With 2022 coming to an end a difficult year for crypto with many challenges ahead in the following year.Here are a few key points in the evolution of the sector over the last twelve months.
January
Bitcoin drops below $40,000 : after reaching new heights the previous fall, the first cryptocurrency begins the year 2022 by continuing its fall, generating new concerns within the crypto sphere.
In parallel,
the European Union wants to ban the mining of PoW cryptos, in order to meet the energy and ecological objectives decided during the Paris Agreements.the EU wants to ban mining by proof of work and Projects are therefore invited to migrate to proof of stake.
February
Crypto is rallying in favor of Ukraine : After Vladimir Putin orders the invasion of Ukraine, cryptocurrency donations are pouring in, allowing the two warring countries to generate funds during the conflict.In the process, the importance of digital currencies grow Russia to take an interest in the blockchain.
Mars
The first decentralized bank is born in the metaverse : Meta Bank DeFi opens its doors in virtual worlds and becomes the first decentralized banking institution offering as many traditional financial services as crypto options.PoW cryptos are not finally banned from the European Union : faced with the outcry caused by the proposal, the deputies are in favor of MiCa but reject the prohibition of cryptocurrencies based on the proof of work.
Avril
Ethereum takes its notorious first step towards The Merge : Ethereum lance son premier shadow fork to test the final version of its merger.Elon Musk offers to buy Twitter for the first time : the CEO of Tesla has announced that he is putting $44 billion at stake to become the owner of the blue bird social network, creating many variations on the price of Dogecoin due to speculation about the role the asset could have.
May
The USTerra is collapsing : the Do Kwon token collapses by 70% in a few hours, dragging with it Bitcoin and other stablecoins.The small orange coin falls around $25,000 before coming back to stabilize around $30,000.
This is the first major disaster of 2022.
June
The European Union comes out in favor of the travel rule : with the MiCa law, MEPs oblige crypto platforms to collect data from each transaction.
Crypto winter is in full swing, the first bankruptcies are coming : while Do Kwon issues its Luna 2.0, lending companies such as Celsius Network or Three Arrows Capital freeze their withdrawals.
July
Voyager Digital suspends withdrawals : already weakened by the difficulties experienced by Three Arrows Capital, the company will follow suit a few weeks later, when Celsius Network and 3AC officially announce their bankruptcy.
August
The legal setbacks begin for Tornado Cash : OFAC deploys sanctions against the crypto mixer for money laundering.A few days later, one of its alleged developers will be arrested in Amsterdam while the threat of banishment continues to weigh on platforms with similar activity.
September
Ethereum rolls out The Merge : after several months punctuated by successive stages, the merger is effective in all spheres of the project.
Cardano deploys Vasil : in the wake of the Ethereum merger, Charles Hoskinson’s project is deploying its hard fork on its network with more discretion.
October
Elon Musk officially owns Twitter : the South African billionaire takes the lead of the platform and casts doubt on the integration of crypto among its options, varying the price of DOGE several times.
November
Collapse of FTX : after the publication of a report revealing that the cash of Sam Bankman-Fried’s empire were mostly FTT and the resale of tokens by Binance, the crypto platform is facing a wave of liquidation.She will finally decide to suspend withdrawals before announcing her bankruptcy a few hours later.
The winter is prolonged thanks to this second cataclysm of 2022.As a result, Bitcoin is reaching new lows on this bearish cycle.
December
Goldman Sachs offers to buy struggling companies : faced with the contagion following the fall of FTX, the large American firm is ready to acquire the victims of the crisis subject to a reduction.
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