Crypto year review: what we went through in 2019

Original: Share Finance Neo

Source: Shared Finance

There is less than a week left until the end of 2019.

In this year, the crypto world has its ups and downs. Overall, the fundamentals of the market are constantly growing. We all enjoyed a strong rebound in the first and second quarters of 2019, with BTC almost rising to $ 14,000 and ETH close to $ 400. However, in the 3rd to 4th quarters, the uptrend started to pull back (ETH completely pulled back). Due to the impact of the bear market in 2018, the dominance of Bitcoin has risen steadily to nearly 70% this year, but at the same time, some model currencies and the newly launched IEO have also brought a small currency carnival.

Although "digital gold" is everyone's favorite saying, in the sidechain and Layer 2 fields led by lightning, people have intensified their efforts and the network capacity has increased by nearly 800%. At the same time, Ethereum 2.0 has finally ushered in its infancy, starting with ETH1.x. At that time, Ethereum 2.0 will become one of the most anticipated events in 2020. Other projects, such as Algorand, Cosmos and Hedera Hashgraph, have finally started, but they are still far from competing with Ethereum.

Speaking of Ethereum, it is inevitable to mention DeFi. As a waver of 2019, the total value of DeFi lock-in increased from 300 million US dollars at the beginning of the year to 852 million US dollars in December 2019. Among them, in June this year, the total value locked by DeFi reached a peak, totaling $ 1.7 billion. So far, Maker, Compound, and Synthetix are clearly winners of this new movement.

During the year, the most popular topics were Libra, Facebook and stablecoin. Leaving aside the debates about encryption, non-encryption, and decentralization, centralization, the entry of traditional institutions has given the crypto industry a new round of scrutiny from the government level. Macro-regulation has begun to enter the field, and DCEPs from various countries are also ready to come out.

Finally, in terms of adoption, Bakkt finally went live as scheduled, and Fidelity, Ameritrade, SoFi, and several other large financial institutions also launched institutional and retail products …

Too many things happened this year. Some things finally arrived as expected, but they didn't meet people's expectations. Some things suddenly emerged, pointing out a new development path for the crypto industry. To this end, this article summarizes the most important events in the crypto field in 2019 month by month. Let's take a look at what we have experienced this year.


At the beginning of the year, the price of BTC was $ 3,855, the price of ETH was $ 145, and the total market value of the cryptocurrency market was $ 122 billion. At the same time, on January 3, Bitcoin ushered in the tenth anniversary of the genesis block.

On the same day, Binance announced the restart of Launchpad. Then, at the end of January, Binance Launchpad officially launched BTT, kicking off the IEO.

On January 6, ETC suffered a double spend attack and lost 88,500 ETC, which was worth about $ 460,000. Subsequently, the ETC cyber attacker returned ETC valued at 100,000 US dollars, and said that the organization's 51% attack was to attract attention to computing power protection.

On January 14, the CBOE withdrew its ETF plan as the U.S. government fell into continued shutdown.

On January 18th, the Grin mainnet of the anonymous coin was launched. At the beginning of the launch, its price soared by 800%.


In early February, a Bitcoin enthusiast launched the Lightning Torch Campaign, which covered 54 countries around the world.

On February 16, JPMorgan Chase announced the launch of JPM Coin, a stablecoin used for international payments, treasury bond swaps, and securities trading.

On February 26, NASDAQ launched BLX (Bitcoin) and ELX (Ethereum) liquidity indexes.


On March 1, Ethereum completed the Constantinople hard fork.

On March 14, the cross-chain star project Cosmos was launched.

On March 30, the first batch of blockchain information filing lists was officially released.


The US House of Representatives has reintroduced the Token Classification Act. At the same time, Ethereum (more specifically EEA) has introduced a token taxonomy initiative with large companies such as Hyperledger, R3, EY, IBM, Intel, Microsoft and JP Morgan.

On April 9, the National Development and Reform Commission issued the "Industrial Structure Adjustment Guidance Catalogue", and virtual currency "mining" was included in the eliminated industries.

On April 12, Binance delisted BSV.

On April 15, the IMF and the World Bank launched "Student Coin".

Facebook acquires the "Libra" trademark.

On April 25, the New York Attorney General accused Bitfinex-Tether of covering up $ 850 million in client losses and agency funding losses, which once again made everyone question whether Tether was fully supported.


In early May, Binance suffered a hacker attack and lost $ 40 million.

To make up for Tether's financial deficit, Bitifnex raised $ 1 billion for their newly minted "LEO" tokens in a private sale.

Facebook lifted the ban on crypto ads launched in 2018, which covers all content related to industry news, education, blockchain technology and events.

On May 13, the 2018 Consensus Conference was held in New York.

This month, the resonant currency led by VDS swept the coin circle, but when this model currency began to be known, it meant that the crash was imminent.


In early June, Sun Yuchen photographed Buffett's lunch at sky high prices, but the lunch was not held as scheduled. It was also because of the alleged speculation in the incident that some media began to expose Sun Yuchen to be charged by the border, and then Sun Yuchen posted an apology on Weibo.

On June 18, Facebook released the Libra plan and white paper.

On June 19th, Algorand opened the Dutch auction, and finally successfully auctioned 25 million Algos for $ 2.40.

At the end of June, PlusToken, the largest fund in the currency circle, was unable to withdraw cash and was reportedly running away.

This month, Bitcoin's hash rate hit a record high, breaking the $ 10,000 mark for the first time in more than a year, and then Bitcoin soared to $ 13,796. At the same time, the DeFi market ushered in a peak.


The SEC allows raising funds by selling tokens to Blockstack and Props (the first two RegA + tokens). This is the first SEC-approved token offering.

That same month, Trump talked about Bitcoin on Twitter. Although this is a fairly negative tweet, the community is happy to see the President of the United States express his views on Bitcoin.

On July 22, Bakkt launched the testnet.



On August 5, Litecoin ushered in a second halving.

Wal-Mart has applied for a "system and method for issuing digital currency through blockchain" patents, or intends to issue Walmart Cuttency.

On August 10, Mu Changchun stated that "the development goals of the central bank's digital currency are clear, and now it can be said that it is ready to come out."

The Bank of England Governor proposed the concept of Comprehensive Hegemonic Currency (SHC), which he believes may replace the US dollar reserve status.

On August 23, the AWS machine room malfunctioned, and the cryptocurrency prices of many trading platforms were abnormal. Someone bought bitcoin for $ 0.32.



Bakkt launched Bitcoin futures contracts, started accepting deposits from customers, and started trading business. Although the initial transaction volume was not what everyone expected ($ 690,000 on the first day of the transaction), it grew rapidly.

In related activities, CME announced that it will launch bitcoin options in early 2020, and SoFi will now allow customers to invest in cryptocurrencies.

France and Germany have announced that they will block Libra in their own countries and will work to do so across the EU, as no private entity should be able to create money, which is a "nationally-inherent" capability.

This month, the hash rate of BTC exceeded 100EH / s.


Alipay announced a ban on all Bitcoin-related transactions.

The Oxford English Dictionary has added the word "Satoshi".

Zuckerberg attended a U.S. House of Representatives hearing, saying that blocking Libra would be a victory for China, and China is taking action, and if Facebook rules hinder Facebook's participation, Libra will be released without Facebook.

PayPal, Visa, MasterCard and Stripe subsequently withdrew from the Libra Association.

On October 12, the SEC issued a temporary restraining order, and the Telegram blockchain project TON was pre-launched.

On October 25, the central collective speech urged China to accelerate the development and adoption of blockchain technology. This was followed by a 40% increase in the value of Bitcoin, the third largest single-day increase in Bitcoin history.

On Devcon5, MakerDAO released the long-awaited multi-collateral Dai (MCD).

This month, Fidelity officially launched its digital asset and trading platform, Fidelity Digital Asset Services.

On October 28, Bitmain fought internally, and Wu Jihan announced that he would remove all positions from the Zanke regiment.

On October 31, the Bitcoin white paper ushered in its 11th anniversary.


MakerDAO's stabilization fee is reduced to 5.5%.

In other Dai news, there are now 100 million Dai in circulation. This is not only a milestone for Maker, but also a milestone for the entire DeFi movement.

Stellar announced that it plans to destroy approximately 55 billion tokens, accounting for approximately 50% of its circulating supply.

Bakkt's sales are growing, reaching $ 15 million (still quite low compared to other platforms).

On November 6, the National Development and Reform Commission removed virtual asset mining from the eliminated industries. At the same time, the Hong Kong Securities Regulatory Commission issued regulations for the supervision of digital asset trading platforms.

On November 15, under the leadership of the Shanghai Mutual Gold Rectification Office, the Municipal Financial Stability Joint Office and the People's Bank of China Shanghai Headquarters jointly issued the "Notice on the Rectification of Virtual Currency Trading Venues" and launched the virtual currency exchanges under their jurisdiction Paimo remediation.

On November 21st, the first share of Blockchain Technology in the blockchain was listed on NASDAQ in the United States.

On November 22, the central bank's Shanghai headquarters issued a document again stating that it would increase supervision and control and crack down on virtual currency transactions.


Germany has passed a bill allowing banks to store and sell cryptocurrencies to retail and institutional customers, and some have argued that this is one of the most underrated news this year.

On December 8, Ethereum completed the Istanbul upgrade.

On December 12, the Filecoin testnet was launched.

On December 19, Hong Kong opened its first virtual bank trial business.

Yesterday, the Shenzhen Stock Exchange released the first blockchain index: "Blockchain 50".

Some people say that the industry's brightest area this year is DeFi, because it has opened up a new path with its strong ability to attract gold. Others said that the most worth looking forward to this year is in the cross-chain field, because with the successive launch of cross-chain star projects, a new pattern may emerge in the future. Some people also lamented that this year is not a "self-confidence in the circle". Although the entry of the regular army has brought a long-lost strong supervision, it has also brought hope for compliance.

There is no doubt that compared to the bear market escape year of the previous year, this year's story is much more exciting. Whether it is the progress of projects in the industry or the trials from external traditional fields, it means that the industry is moving forward. 2019 It is coming to an end, and we have new expectations for the coming 2020.