From Sam Bankman-Fried's arrest to bitcoin plunging, here are the 9 craziest crypto stories of 2022 | Business Insider

"Crypto assets suffered one of their worst years in 2022, as central banks battled soaring inflation, resulting in sharply higher interest rates and weakening growth expectations, all of which left the industry nursing significant losses," a UBS team of strategists said.As digital assets surged in 2021, major exchanges liketo build brand awareness as they competed for customers.

In February, those three companies made a splash advertising on NBC's broadcast of Super Bowl LVI, one of the biggest televisions events in America.for 60 seconds, and a giveaway of $15 worth of bitcoin that sent people swarming to its platform.

By pegging value to a stable reserve asset such as gold or a government-issued currency, such tokens offer crypto investors a safer place to park their cash in times of uncertainty.broke its dollar pegRather than holding dollar reserves, Terra maintained UST's peg to the dollar via an algorithm. This software propped up the stablecoin's value by minting and selling small quantities of its sister token, the algorithm went into overdrive, minting and flooding the market with luna.

The double death spiral resulted in $20.5 billion of realized losses for crypto investors in a single week, according to blockchain research firm

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