Cointime

Cointime

Download App
iOS & Android

Get Into the Festive Mood! Join Cointime Christmas Airdrop Fiesta

Cointime Official

Join Cointime Christmas Airdrop Fiesta

Bye bye to the year that broke crypto 🎈 🎈 🎈

Now it’s time to treat yourself with festival surprises from Cointime! 🎉🎉🎉

Cointime is giving away 300 USDT to 10 lucky winners. Simply follow @Cointime_global on Twitter, retweet and spread the Christmas cheers with your friends, you might be the lucky one!

View airdrop details on @Cointime_global.

2022 has been a banner year for crypto

And possibly one of the most brutal, chaotic, and volatile years.

This year has seen BTC and ETH experience -75% drawdowns off the all-time-high set in November. Bitcoin fell from an ATH of over 68,000 USD in November 2021 to $16,000 in 2022.

This year has seen a series of big digital-asset collapses. After the implosion of Terra, major crypto players fell like dominos: the bankruptcy filing of Three Arrows Capital, Voyager Digital, Celsius Network, BlockFi, and the spectacular downfall of FTX empire.

Now the market is full of FUD, and contagion floating around.

But every cloud has a silver lining

It’s important to note that neither the crypto slumps nor bankruptcies were caused by the failure of underlying blockchain technology.

This year the long-term holder supply of Bitcoin has climbed to yet another all-time high. With many of the speculators gone, long-term investors are stepping in with increasing coin volume on each price leg down.

This year many blockchains have undergone monumental technical developments. Ethereum merge was executed successfully, with a transition from a proof-of-work blockchain to a proof-of-stake blockchain.

This year the use cases for blockchain technology are continuing to grow. Blockchain is no longer only relevant to cryptocurrency, but also provides support for many other scenarios that require decentralization.

So, what’s next for 2023?

No one can predict if 2023 would be a better year for crypto. But we can definitely learn from the past year and bring out the best of the crypto market.

All crypto players, from retail to institutional investors, from fledgling initiatives to established businesses, should view 2022 as a turning point for the industry. Be aware of the continuing pressure from macro market and crypto industry. Watch out on the scrutiny, regulations and legal frameworks. Review your crypto portfolios and investment thesis. And most importantly, secure your ownership of assets. Stay safe.

After all the dust settled, one can be quite certain that crypto will rebound even stronger.

There will be something to look forward to in 2023.

Airdrop Crypto
Comments

All Comments

Recommended for you

  • US Lawmakers Propose Bill to Ban Chinese Optical Transceivers in National Security Systems

    On September 26, a bipartisan group in the U.S. Senate proposed a bill on September 25 aimed at prohibiting the federal government from installing Chinese-made components used for data transmission in artificial intelligence data centers within sensitive systems. The bill was jointly initiated by Republican Senators John Cornyn and Mike McCaul, along with Democratic Senators Jon Tester and Alex Padilla, and primarily targets optical transceiver modules produced by Chinese companies such as New H3C Technologies. Currently, Chinese optical transceiver manufacturers dominate this core component market in AI data centers.

  • SEC and CFTC Update Crypto FAQs: Token Buybacks and Network Upgrades Not Necessarily Securities, CFTC Allows On-Chain Record Keeping

    On September 26, the U.S. Securities and Exchange Commission's Division of Corporation Finance released an updated FAQ on September 25, clarifying that token buybacks, network upgrades, and marketing statements do not automatically make crypto assets securities. SEC staff noted that announcing a buyback plan for an operational crypto network does not, by itself, make the associated tokens investment contracts; however, if the network is not operational and the issuer promotes the buyback as a source of returns for holders, it may be a different case. The FAQ also clarified that services provided once a crypto system is operational, aimed at securing, maintaining, improving, or enhancing the system or its functions, or promoting network effects, do not constitute managerial efforts under the Howey test. Marketing existing uses of the network typically does not create profit expectations, and statements about future functionalities do not either, provided there is no promotion of profit potential. This update reiterates that conclusions will still heavily depend on specific cases and are based on the SEC's interpretative release regarding the applicability of securities laws to crypto assets issued in March this year. On the same day, the Commodity Futures Trading Commission updated its crypto FAQ, allowing futures firms and clearinghouses to invest customer funds in tokenized versions of previously permitted assets, provided they meet investment and custody requirements. CFTC staff also indicated that regulated companies may use blockchain for record keeping but must still be able to provide records if the blockchain or its block explorer is non-operational. These updates come as the CLARITY Act failed to advance in the Senate, with regulators continuing to push forward with the crypto regulatory framework based on existing laws.

  • BTC Surpasses $84,000

    Market data shows that BTC has surpassed $84,000, currently priced at $84,004, with a 24-hour decline of 0.25%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $84,000

    Market data shows that BTC has fallen below $84,000, currently priced at $83,988.06, with a 24-hour increase of 0.52%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Falls Below $2700

    Market data shows that ETH has fallen below $2700, currently priced at $2699.7, with a 24-hour increase of 1.95%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $85,000

    Market data shows that BTC has surpassed $85,000, currently priced at $85,000.02, with a 24-hour increase of 1.72%. The market is highly volatile, so please ensure proper risk management.

  • ETH Surpasses $2700

    Market data shows that ETH has surpassed $2700, currently priced at $2700.14, with a 24-hour increase of 1.23%. The market is experiencing significant fluctuations, so please ensure proper risk management.

  • Yushu Technology's Wang Xingxing: Key to Breakthrough in Embodied Intelligence Lies in Solving Millimeter-Level Error Issues

    On September 25, the 5th Global Digital Trade Expo was held in Hangzhou, where Wang Xingxing, founder of Yushu Technology, delivered a keynote speech titled "From Machinery to Intelligence - The Evolutionary Theory of Embodied Future." Wang stated that the embodied intelligence industry may soon experience a critical breakthrough similar to that of ChatGPT. He believes that when robots can complete approximately 80% of tasks through voice interaction and embodied intelligence capabilities in about 80% of unfamiliar environments, the industry will enter a critical phase of large-scale application. He pointed out that the ability for robots to understand and execute specific tasks based on voice commands has already made breakthroughs last year, but the industry still faces a core technological bottleneck, namely the precise matching issue between artificial intelligence models and the real physical world. Wang noted that currently, robots still have a few millimeters of error during actual operations, which limits their stability and reliability in complex environments. "In the future, whoever can solve this problem will fundamentally resolve the issues with robots."

  • Swissquote Analyst Warns AI Narrative is a Core Pillar of US Stocks, Potential Break Could Trigger Significant Correction

    On September 25, Ipek Ozkardeskaya, a senior analyst at Swissquote Bank, stated that broad market indices and retirement funds are now deeply tied to the AI wave, with technology stocks accounting for about 40% of the S&P 500 index. She pointed out that the market capitalization weight of just three chip manufacturers makes up over 25% of the MSCI Emerging Markets Index. Ozkardeskaya indicated that AI has become the 'core pillar' of the market, and this pillar 'must not show any cracks.' She believes that, in the short term, the US stock market will continue to be supported by seasonal factors, and the current market uptrend may extend until the end of the year. However, she also warned that the worst-case scenario would be a shake in the investment logic surrounding AI, which could undermine market confidence in the AI narrative, potentially triggering a significant market correction.

  • U.S. Stock Index Futures Turn Positive; Chip Stocks Rally in After-Hours Trading

    On September 25, U.S. stock index futures rose into positive territory, with Nasdaq futures up 0.36%. In after-hours trading, storage and semiconductor stocks saw widespread gains, with AMD, Intel, and SanDisk all rising by 2%.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company