Crypto Wrap 2022: Industry Players Who Shaped the Year

Crypto Wrap 2022: Industry Players Who Shaped the Year
  • Jack Dorsey, Changpeng Zhao, and Vitalik Buterin head the list of industry executives who have been optimistic about the industry in 2022. 
  • Sam Bankman-Fried, Do Kwon, Avraham Eisenberg, and other undesirable actors gave him a preference to market negative trends through their actions at certain times of the year. 
  • Congress, the SEC, the FTC, and other regulators will be included in the ups and downs of the crypto market in 2022.

As the digital asset industry draws its year to a close, multiple players are responsible for both the positive and negative outlook for the market in 2022. On the plus side are Jack Dorsey, Mark Zuckerberg and Vitalik Buterin, among others. Twitter founder Jack Dorsey has contributed commendably to web3’s growth this year. Dorsey sponsored several web3 projects, including Bluesky, a decentralized social networking platform that lets users control their data. In December, he donated 14 BTC to Nostr, another decentralized social media platform, along with other BTC mining efforts, such as solar and renewable energy mines.

Ethereum co-founder Vitalik Buterin has taken the development of blockchain technology to a new level. Notable among others is the Ethereum merger, which saw the second-largest network transition to a Proof-of-Stake (PoS) consensus. The mechanism reduces energy consumption by more than 98%. Buterin has also supported young Web3 developers this year, encouraging them to improve the technology in wallets and stablecoins.

Meta CEO Zuckerberg led the development of the Metaverse this year. Though it’s been a bad year for the Metaverse and Meta, Zuckerberg kept his faith and urged developers to make the most of the opportunity to create augmented reality for users. After suffering billions of dollars in losses this year, Zuckerberg still believes in Meta and its Metaverse division and promises that the technology will improve in 2023.

Bad actors: billions gone into thin air

This year has been plagued by digital asset fraud and largely decentralized bankruptcy filings. Sam Bankman-Fried (SBF) was the industry’s most notorious bad player this year following the collapse of FTX. SBF has been seen as a successful figure in the crypto space, but history has changed since the FTX implosion, which reportedly caused investors $2 billion in losses. TerraUSD lost its peg to the dollar. Kwon has since received a Red Notice from Interpol and is facing a class action lawsuit, although his whereabouts are unknown.

Avraham Heisenberg, the infamous Mango Markets hacker who stole $100 million from the platform, is among the top crypto criminals of 2022. Although the platform has recovered some funds, it has investors ahead of decentralized ones. Make applications shy away.

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