2019 Recap: The Biggest Crypto Events Of The Year Summarized

As we entered the new year, in today’s altcoin news we take a look at out 2019 recap of everything that happened throughout the year month by month.

January was a very interesting month since the most important thing was the initial exchange offering of BitTorrent which ended in about 15 seconds, raising $7 million. IEOs have since become an extremely popular way of raising money. In February, one of the largest banks in the world JP Morgan, started working on their very own cryptocurrency called JPM Coin. Further adoption came from another major institution NASDAQ after adding Bitcoin Liquid Index to their trading services. Also, the SEC clarified the tokens that are sold in a functioning network are not securities.

In March, most of the altcoins started to flourish as bitcoin recorded an 8-month low regarding its dominance. Tezos led the market and increased by 90 percent in a month. Bitwise Asset Management clarified that 95 percent of the BTC trading volumes are made up. In April, Bitcoin’s price started increasing but most of the stocks did as well as S&P500 indices. However, the NYAG obtained a court order against iFinex and the company was alleged that it covered up to $850 million.

May was very special for crypto communities as Craig Wright, the self-proclaimed bitcoin creator threatened that he will sue anyone who claims otherwise. He filed a lawsuit against Peter McCormack. Aside from that, the prices got transformed and even Binance recorded higher volumes than those in the bull run of 2017. June was the peak for most prices when bitcoin hit $14,000 and the rest of the market followed. Even though it has been downhill from here, June was a successful month for most of the coins.

To continue our 2019 recap, Libra was also among the most-awaited projects in June and it received mixed reactions from the community and regulators around the world. In July, the prices plunged but the regulators started getting vocal. August was a tough month for the altcoins and Bitcoin lost its value as well. Ethereum got hit the hardest with costs swamping the network.

September was the month when Bakkt launched with negligible volume and the price of Bitcoin tumbled. Also, the Second German Stock exchange launched a regulated bitcoin trading platform. Bitcoin turned 11 years old in October and made some impressive moves. The SEC halted Telegram’s Ton Sale and penalized EOS for the same thing. In November, Bakkt’s ex-CEO Kelly Loeffler was chosen for the US Senate seat in Georgia.

And finally, December was the month when YouTube declared war to its crypto channels and users after deleting their videos. Also, Tezos surged so much it actually reached the top 10 crypto list.