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In this last cryptoweek of 2022, this happened: researchers at Bithumb predicted that trust would return to crypto markets next year, while Octopus Network founder said that the crypto winter would last at least another year. Famed investor Bill Miller was still bullish on bitcoin despite the recent crypto meltdown, Michael Saylor continued investing in BTC with a $42.8m purchase through MicroStrategy, and Changpeng Zhao shared what he considered to be the reasons for the recent FUD surrounding Binance. Galaxy Digital decided to buy Argo’s Helios Bitcoin mining facility and provide an additional $35 million loan to help with restructuring efforts, while no deal was made in the acquisition talks between Nexo and Vauld, with two lenders sharing contracting information.
In the FTX legal woes saga, General Counsel at the US SEC Dan Berkovitz stepped down amid reports that he had met and dined with Sam Bankman-Fried (SBF), SBF was expected to enter a plea related to criminal charges raised against him, and he spent several hours with the author of The Big Short Michael Lewis while under house arrest, while the US Department of Justice launched a criminal investigation into the FTX hack.
Meanwhile, Gemini founders Tyler and Cameron Winklevoss were sued by investors over their interest-earning program Gemini Earn, a man was charged with criminal offenses in the US for allegedly attempting to steal around $110 million by manipulating Mango Markets, an executive at a scam crypto exchange that duped over 50,000 investors out of $1.7 billion was found guilty and will serve an eight-year jail sentence. A South Korean hacker stole $6.7 million from the crypto wallets of the deceased CEO of a business empire that included Korbit and Bitstamp, while the North Korean state-sponsored hacking group started impersonating venture capitalists looking to invest in crypto startups. Speaking of scams, Shark Tank star Kevin O’Leary’s Twitter account was hacked and promoted a shady BTC and ETH giveaway.
As all this was happening, the People’s Bank of China updated its digital yuan app and added new gifting and invitation functions, and Japan’s Financial Services Agency was set to lift a long-standing ban on the distribution of foreign firm-issued stablecoins,
News summary done, you’ve been thoroughly briefed, not let’s laugh at some jokes.
Happy New Year!
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Good morning! What’s everybody up to?
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You see, holidays everywhere.
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‘Tis a gifting season.
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Problem solved. Nay! It was never a problem to begin with.
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A comprehensive 2022 guide with step-by-step instructions.
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Love it so much!
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‘You’re doing great, babe!’
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I mean, it’s a well-done 10%…
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Let’s check what the charts say.
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Here’s a forecast by an analyst.
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Absolute monster!
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Here’s a comment by SBF. He says, and we quote, “Sorry”.
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What do all these people have in common? That’s right! Protruding chins. Also, scams.
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‘They told me I had told them to buy, but I told them I had told them to buy the dip. They should’ve listened better….’
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2022 started well, and then in a blink of an eye, market crash, wars, inflations, ongoing pandemics, scams, and bankruptcies: poof, it was gone!
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There is literally nothing left to worry over anymore.
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Some changes had to be made.
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Not gonna lie, it was a rough ride.
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But let’s see what 2023 brings us. It’s time for a moon to happen.
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And an end-of-the-year documentary for you. Happy New Crypto Year!
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