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Winners and Losers in the Crypto Currency Industry in 2019


Who were the biggest winners and losers in the cryptocurrency industry in 2019?

On the last day of 2019, the year-end summaries of major companies have also been completed. In this year, is it a win? Did you lose? Is it profitable? Still losing money? I believe that there is already an exact answer. So, which companies / projects won the crown in the crypto industry in 2019? What other companies / projects have become losers? Who are the biggest winners and losers?
Crypto currency of Bitcoin in the public ledger blockchain


Bitcoin growth

Bitcoin market has been very turbulent recently, but in this year and year, Bitcoin market is actually better than 2018. This year marks the tenth anniversary of the founding of Bitcoin, the blockchain and the crypto industry. At the beginning of the year, the cryptocurrency industry has just recovered from the crypto winter of 2018 and kicked off this year with a bullish trend. By the end of the first quarter, its prices had increased by about 11%.

With the increase in transaction volume and market value in the second quarter, the price of Bitcoin soared from $ 4,103 to $ 10,888, leading the market with a 165% increase. In addition, Bitcoin's market dominance rose from 54.6% to 65%.

However, in the third quarter of this year, due to a loss of $ 100 billion in market value, the price of bitcoin fell sharply and a bearish outlook appeared. Fortunately, however, Bitcoin's market power has increased by 5.4% in the process, and the performance of all cryptocurrencies is still the best so far.

Gods

Unchained is a virtual card game based on the Ethereum blockchain. The Genesis Card was sold for $ 6.2 million on the gaming platform.
After the pack, the game became one of the highest paid and most popular blockchain games in 2019. The game is a decentralized game that uses blockchain to ensure that players truly own the rights to the items in the game and can trade as they please. To give online players a long-term incentive, Gods
Unchained's CEO said the game is "upgrading outdated practices in the gaming industry."

Coinbase Continued Expansion

As one of the big exchanges in the cryptocurrency space, Coinbase is known for having a large number of powerful hackers. At a time when other exchanges like Binance were hacked and thousands of Bitcoins were lost due to large-scale security breaches, Coinbase became a secure and reliable cryptocurrency trading platform because of its "camp" hacks.

Still, this year the company was questioned by Twitter users over its acquisition of Neutrino, a move that, for most Twitter users, helped the exchange monitor its customers. But according to Coinbase, their acquisition of Neutrino is part of their goal to support all assets while complying with applicable laws. From mergers and acquisitions to rejection of acquisitions, and the acquisition of multiple patents throughout the process, Coinbase's Visa debit card solution has also grown exponentially this year and is now used in more countries. In 2019, the company will also expand the USDC stablecoin to more than 100 countries.

Binance takes further risks

From the first quarter to the third quarter of 2019, Binance has a high demand for IEOs and has raised more than $ 1.5 billion in the market. This is one of the best years for Binance and its native cryptocurrency BNB. In the past year, Binance's transaction volume has increased by 150%.

In addition, Binance has expanded its business scope by launching a fully independent branch of its trading platform in the United States. Even if the huge regulatory pressure is that Binance Exchange cannot conduct business in New York and other states, the company's cooperation with the US-registered coin service BAM provides a certain amount of room for the exchange.

Facebook Libra

In 2019, whether it is a major event inventory or a key case analysis, Facebook is an inevitable topic. Since Facebook announced Libra, the company's ambitions have become clear. However, despite Libra's ambitious plan to intervene in the global payment system and to include people without bank accounts, the project has not only been scrutinized by lawmakers, but also faces its own internal problems. When the U.S. Congress asked Facebook to suspend further development of the Libra project, and other countries also expressed opposition, some members of the Libra Association and some other supporters have abandoned the project, such as Visa, eBay, MasterCard and PayPal .

Difficult year for Circle

Circle is a Boston-based cryptocurrency company backed by Goldman Sachs. In October 2018, it cooperated with Coinbase to launch the Center Consortium. Two companies with strong capital attempt to issue stablecoin USD.
Coin increases liquidity in the crypto industry. In July of this year, Center plans to use a Facebook-like approach to create global currencies. But despite USD.
Coin was well received, but Center claimed that the stablecoin has been used to clear on-chain transfers worth more than $ 11 billion, and Circle closed its mobile app, reducing its fundraising target by 40%, 10% of employees were fired in June. Recently, the company laid off 10 employees on the grounds of simplified service.

Craig Wright was born in Australia as early as 2015
He claimed to be Satoshi Nakamoto. He claims to have invented bitcoin himself and has mined more than 1 million bitcoins with the late Dave Kleman. After Clayman's death in 2013, Wright claimed that he had put the mined bitcoin into the "Tulip Trust Fund".

However, Wright was sued in 2018 for the theft of up to 1 million bitcoins. According to the Kleman family, Wright stole 550,000 to 1 million bitcoins, worth about $ 10 billion. The case was later judged in the District Court, assuming he was Satoshi Nakamoto, and asked Wright to transfer half of Bitcoin's holdings and intellectual property from 2014 to Clayman.

What were the estimates earlier about cryptocurrency market?

The tide is receding Who is swimming naked? Several major issues that cryptocurrencies will face in 2019

This year, Bitcoin has reached its tenth year. The cryptocurrency market has experienced madness, and also encountered many failures and despair. The end of 2018 is about to end. Bitcoin has not yet emerged from the bear market. Many people may still have such questions in their minds. "What does Satoshi Nakamoto's" point-to-point electronic cash system "innovative concept mean for the financial industry in 2019 and beyond ? "

In principle, Bitcoin's innovation lies in the fact that it can only add non-deletable timestamp logs, use encryption technology to guarantee between multiple parties, and form a consensus on the shared ledger. The resulting data blockchain can form a widely verifiable point-to-point database.

However, this is only a technical basis. To seize the opportunity to continue to play a role in the long-term evolution of the currency, blockchain applications and crypto assets must bring real economic benefits to users. Although incorporating crypto financial markets into public policy norms is critical, the biggest challenge remains how to achieve business use cases. The problem is that a lot of hype teams disguised as really doing things won't do it at all.

Lessons from History

Blockchain technology and cryptographic tokens provide an alternative method of moving value on the Internet without relying on a central intermediary. The potential of this technology is that it can reduce authentication and network costs, including auditing, privacy, reconciliation and settlement costs, and the cost of starting and maintaining the network.

The core role of the financial sector is to effectively move, allocate and price funds and risks within the economy, and the above potential can directly link blockchain technology and cryptocurrencies to basic channels in the financial sector, thereby reducing the cost of the financial system Risk, economic rent, you know, these costs can account for 7.5% of US GDP.

However, to achieve this, blockchain technology must address many of its technical and business challenges-scalability, efficiency, privacy, security, interoperability, and management. At the same time, industry reforms and regulations are needed to ensure market order, especially for cryptocurrency exchanges and 1CO.

At the same time, the financial field is mainly exploring private blockchain applications (without own tokens), which are built on software such as Hyperledger Fabric, R3 Corda, or Quorum.

Regardless of the value proposition of the use case, it needs to be strictly compared with the use of traditional databases. In particular, any token must address how to reduce authentication or network costs in a sustainable way-making crypto assets more beneficial to users than fiat currencies.

Although money is only a social structure, history tells us that when a currency is widely used and accepted by the public in three ways: accounting units, exchange media, and value storage, the network benefits formed are irresistible.

The challenge for a blockchain technology project or 1CO is how to prove that its token sales are not just a means to raise funds from the public at low cost? In 2019 and beyond, venture capitalists, large enterprises, and cryptocurrency investors may be more discerning and rigorous in selecting investment projects.

Public policy framework

Only within a long-standing public policy framework can crypto financial markets gain public trust and realize their potential. As with any other technology, the cryptocurrency space must prevent illegal activities such as tax evasion, money laundering, financing of terrorism, and evasion of sanctions-all necessary to ensure financial stability and protect investors and consumers.

In most cases, although criminals' money laundering activities are using existing financial systems, cryptocurrencies still provide new criminal ideas and methods. The dark web black market is using cryptocurrencies to sell illegal drugs and other contraband. Countries like Venezuela, Russia and Iran are also seeking to use crypto finance to avoid US sanctions. In addition, cryptocurrencies pose new challenges for global tax compliance.

Cryptocurrency Exchange

Most cryptocurrency exchanges are unregistered. It can be said that the market manipulation of cryptocurrencies is basically uncontrolled. So far, billions of dollars of customer crypto assets have been stolen. Compared to traditional financial exchanges, cryptocurrency exchanges lack the (regulated) brokerage services of broker-dealers. In addition, according to CryptoCompare's October exchange report, only 47% of exchanges mandate strict KY client authentication terms.

To date, cryptocurrency exchanges have used the same method as Western Union or MoneyGram (processing crypto exchanges and digital wallet providers through remittances), and this safeguard is unsatisfactory.

In addition, cryptocurrency exchanges do not have mandatory investor protection measures. Illegal advance transactions and other manipulations are extremely common. To achieve further development, exchanges need to comply with anti-money laundering laws and take their asset custody functions seriously.

In 2019 and beyond, we will see multiple exchanges registered in the U.S.-those 1CO tokens available for trading will be registered as broker-dealers under the ATS regulations, and the Intercontinental Exchange's Bakkt trading platform will also be based on Registration and operation of the Commodity Exchange Act. The operating margins of more than 200 cryptocurrency exchanges are likely to decline and consolidate.

ICO Project

Of the thousands of ICOs to date, many projects have failed and investors have lost billions of dollars in these investments. According to a recent report from EY Research, as of the third quarter of 2018, 86% of the top ICOs in 2017 had broken their prices, and only 13% of projects had actual work products.

Delays in product launches are also a problem. For example, Filecoin raised $ 250 million in October 2017, but it won't be online until mid-2019. In addition, many academic and market studies have found that the ICO market is indeed full of fraud.

How do cryptocurrencies and ICO fit into existing securities, commodities and derivatives laws? On this issue, fierce debate is taking place all over the world. Many people think that the so-called "utility token" sold for future consumption is not an investment contract, but is it really the case?

ICO's design actually blends the economic attributes of consumption and investment. The facts of ICO tokens are: its risks, profit expectations, dependence on others' efforts, marketing methods, exchange trading, limited supply and capital raising, all of which are consistent with the characteristics of investment products.

In the United States, almost all ICOs comply with the Supreme Court's "Hoey Test" (investment contract as defined under securities law). As the American Indiana poet James Whitcomb Riley wrote more than 100 years ago: "When I saw a bird walking like a duck, swimming like a duck, and quaking like a duck, I This bird will be called a duck. "

In 2019, we may see 1CO continue to have a high failure rate, and the total funding will continue to decline. At the same time, regulators and courts will bring more clarity to the market by increasing the number of law enforcement cases and related private litigation.

Central Bank

Central banks of various countries are studying the blockchain technology and the cryptocurrency market, paying attention to financial stability on the one hand and what the cryptocurrency will mean to the legal currency issued and regulated by banks. The Jasper project in Canada and the Ubin project in Singapore are exploring the use of licensed blockchain applications to update payment systems.

Although the policy challenges are severe, some central banks are also considering giving the public access to central bank payment systems and digital reserves through so-called "central bank digital currencies." Sweden and Venezuela, two very different countries, deserve our attention in this area.

In Sweden, which is a strong economy, the use of banknotes (krona) has fallen sharply. As the oldest central bank in the world, the Bank of Sweden is pursuing an e-Krona project to provide electronic central bank currency directly to the public.

The relative case is Venezuela, a country plagued by hyperinflation, economic turmoil and sanctions, and is promoting public use of a petroleum-backed petroleum coin (Petro). Of course, there are reports that seriously question the legality of the token.

Picture: Venezuela claims that petroleum coins are supported by a sparsely populated area with almost no infrastructure for mining, which has a proven oil reserve of 5 billion barrels.

2019 and beyond

Although Satoshi Nakamoto's Bitcoin has survived a decade of trials, the question remains-what is the significance of Bitcoin in 2019 and beyond? Central intermediaries remain a true part of the global economy. At least, from the current point of view, the focus being explored in the financial field is licensed private blockchain applications, not cryptocurrencies.

Can cryptocurrencies, with their lower verification and network cost advantages, reduce blockchain technology costs, challenges, and complexity to find business-economic-level use cases? Will some smaller cryptocurrency concepts flourish and provide a bridge for industry development and public acceptance?

In this regard, we have always been optimistic, especially in terms of licensed private blockchain applications. As for those open blockchain projects and cryptocurrencies, it depends on whether users will find real economic value in their own cryptocurrencies related to such projects. With the continuous development and breakthrough of the cryptocurrency market, good projects may slowly emerge.

In 2002, after major losses at Berkshire Hathaway, Warren Buffett wrote in his chairman's letter: "Only when the tide recedes, you will discover who is swimming naked."
For cryptocurrencies that are experiencing a bear market, this wave has only just begun to fade.

A Look Back

Saudi Arabia to launch its own cryptocurrency in 2019, cryptocurrency prices are mixed.

 Cryptocurrency prices were mixed on Thursday in the Asian session, with Bitcoin hovering above $ 4,500. There are reports that Saudi Arabia will launch its own cryptocurrency in 2019.

As of 15:21 Beijing time (02:21 AM EST), Bitcoin on the Bitfinex exchange fell 0.52% to $ 4,607.1. The world's largest cryptocurrency by market value has fallen by about 25% in a week.

The Ethereum price on the Bitfinex exchange rose 0.43% to $ 136.22.

The price of Ripple on the Poloniex exchange rose 0.86% to $ 0.44742.

The Litecoin price on the Bitifinex exchange rose 5.19% to $ 34.030.

Live Bitcoin News reported on Thursday that Saudi Arabia and the United Arab Emirates are jointly developing a cryptocurrency and will launch it in mid-2019. The official name of this virtual currency has not been announced, and relevant information is scarce. The report also said that the Saudi Arabian Monetary Authority is still studying the feasibility of this virtual currency.

It is reported that the Saudi central bank and "a limited number of banks" will support this cryptocurrency.

In other news, the New York Stock Exchange parent company Intercontinental Exchange postponed the launch of Bitcoin futures products.

Intercontinental Exchange said that this Bitcoin futures product will be postponed from December 12 to January 24, 2019. However, the new date is still pending regulatory approval.

Intercontinental Exchange (NYSE: ICE) said that delayed launch will give customers more time to prepare.

Comparison of Estimates with the Facts that happened in 2019


In 2017, cryptocurrency ushered in the "peak moment". At the high point, the price of Bitcoin (BitfinexUSD) rose by 1318%, and Ripple even rose by 36018%. All assets have become a "cloud" in front of cryptocurrencies.


Global market review in 2018 and outlook for 2019


Outlook review: Who leads the global stock market?

In 2018, the burst of the cryptocurrency market bubble came much faster than expected.In early 2018, the cryptocurrency market represented by Bitcoin ushered in a bubble burst. Among them, the current high price of Bitcoin has dropped by 80%, Ripple has fallen by 89%, Ethereum has fallen by 91%, and Bitcoin Cash has fallen by 94%.

Yingwei Comics: It's time to know that the bubble bursts at the touch of a coin, just like the torture

In addition, Google Search's search for cryptocurrencies also dropped by as much as 91%, and it turns out that investors are leaving the cryptocurrency market and returning to traditional financial markets.


Quotes from Yingwei's financial situation


At the same time, in 2018, there were a lot of negative news in the cryptocurrency market about national regulations, hacking of exchanges, and the extension of cryptocurrency ETFs.

Regarding supervision, from the beginning of 2018, countries around the world have begun to further rigorously regulate cryptocurrencies, especially in South Korea, where cryptocurrency transactions are active. After the government has ruled that cryptocurrencies have economic value, it has launched nationwide cryptocurrencies. Account system and further prohibit anonymous transactions of digital currency assets in South Korea.

US regulators have also begun stricter oversight of ICOs. And other governments around the world have also launched crackdowns on ICO business.


Yingwei's wealth comics: Bitcoin sharply pulled back due to market concerns over regulation


 In addition, in Japan, the cryptocurrency exchange Coincheck was hacked and stolen $ 534 million worth of new economic currency (NEM), and the Indian cryptocurrency exchange Coinsecure's wallet was also hacked, with $ 2.7 million in bits in the wallet. Coins were stolen by hackers. A series of stolen incidents of cryptocurrency exchanges are emerging.

After the launch of Bitcoin futures, there have been rumors that the upcoming Bitcoin ETF has been repeatedly postponed. In July 2018, the Chicago Board of Options (Cboe) submitted an application based on the Bitcoin ETF. The ETF will cooperate with Vaneck Solidx's Bitcoin trust linked. Just in the same month. On December 6, the Securities and Exchange Commission postponed its decision again and stated that it would decide the fate of the Vaneck Solidx Bitcoin ETF in February 2019.

It is worth noting that as the cryptocurrency plummeted, Wall Street investment banks also put aside their plans to enter the industry. Among them, Goldman Sachs' layout in the cryptocurrency industry has become very slow, and the company's cryptocurrency-related funds have only attracted About 20 customers, and JPMorgan Chase did not sign even a contract; Citigroup has not traded any of its products designed for cryptocurrencies in the existing regulatory framework; and although Barclays Bank has tried to test the client's Interest, but now almost returned to the original point.

Market analysts have many different explanations for the reasons why cryptocurrencies enter the bear market, but the fact is that there is no clear reason for a cryptocurrency bear market, which makes it difficult to predict the trend of cryptocurrencies in 2019.

Clement Thibault, the host of the weekly cryptocurrency podcast column “Cryptalk” of Investing.com ’s international edition, wrote “Cryptocurrency Annual Review 2018: The Bubble Burst Hits the World but Does n’t Break His Mind” said that despite Currency pressure is heavy, but this asset is still alive. Over the past year, the bitcoin network has increased by 4,500 nodes, despite the price of bitcoin falling from the sky into the abyss. Therefore, the cryptocurrency boom has increased a large amount of computing power and nodes, but the price crash has scared away much of these computing power and nodes.

The actual transaction volume also shows the same situation: Although the transaction volume has dropped significantly, it is far from disappearing. According to data from coinmetrics, the 7-day average actual transaction amount of the Bitcoin network at the end of 2017 was $ 14 billion, and this December was $ 1.3 billion. At the end of 2017, the price was $ 20,000 per bitcoin. At that time, The transaction volume is 700,000, and according to the current US $ 4,000 calculation, the current transaction volume is 325,000.

The reality is that although the 2018 fall has pushed many investors out of the market, some investors have stayed and will become smarter.

After the plunge, some institutions predict that the trend of cryptocurrency prices in 2019 will remain stable. From 2018, the short-term price change of cryptocurrencies is not obvious. The number of large fluctuations within 24 hours has decreased significantly. This stable trend may continue into 2019. This is a good thing for institutional investors. Conducive to the true growth of the industry.

At the same time, unlike in the past few years, news and major events may no longer be a significant promoter of the cryptocurrency market, because after the baptism of the plunge, although speculative investors may not completely disappear, they will also decrease significantly. The remaining, experienced traders will be more sensible.

However, a large-scale bull market may not appear in 2019. It is too early for the market to recover from a bear market. The burst of the bubble only occurs in a short period of time, but the bull market requires a longer period of accumulation and brewing.

In terms of regulation, the regulatory framework of various countries around the world has gradually formed, and some countries are expected to launch official cryptocurrencies in 2019, such as Russia and Venezuela, which will be good news for the cryptocurrency market.

Clement Thibault suggested in the article that common sense in the traditional investment field is also applicable in the cryptocurrency world. Don't let yourself be led away by missed phobia. On the contrary, for any kind of investment, you should keep a clear head and choose your bets rationally.
 

Now on the basis of the above predictions we can easily guess how much the estimates are correct on the basis of real life happenings or activities analysis.


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