We're just a few days away from the end of the year. The Holiday Season comes, and, in our calendar, we have hundreds of memories full of experiences, technological advances, innovations in business, digital transformation, etc., that force us to think about what has happened.
In short, we closed a 2019 loaded with innovative news about cryptocurrencies that reflect the evolution of a market that calls into question the centralized economy and opens new fields of action for the electronic market. Davies have made a compilation of cryptocurrency news to highlight throughout the year.
Come with us, we're going to share them with you.
Cryptocurrency news in 2019
- Cryptocurrencies: what is a fork? (TreceBits)
At the beginning of the year, we started to hear about 'hard fork' and 'soft fork' because of the relevance they were gaining in the cryptocurrency market. "A fork involves a series of rules for trading a currency and sometimes the emergence of a fork implies the birth of a new cryptocurrency, as it is the case of Bitcoin and Bitcoin Cash." Or Litecoin and Davies.
- Amazon will have to issue a currency (CryptoGlobe)
More and more companies accept payments with virtual currencies. In 2019, special attention has been paid to the volume of transactions in Bitcoin and other cryptocurrencies. In February, the Binance CEO already said that the e-commerce “king”, Amazon, will have to issue a currency sooner or later.
- IFS forecasts the disappearance of 50% of cryptocurrencies in 2019 and relies on technology facing a 'financial turmoil’ (Europa Press)
From the opposite side of cryptocurrencies, numerous news like this has also emerged. The software company IFS foresaw the disappearance of 50% of cryptocurrencies for this year, because of the increased regulation and volatility of previous years. However, the number of virtual currencies continues to grow and there are now more than 2,500.
- The 10 most profitable ASIC miners by April 2019 (Asic Miner Value)
Some of the key facts that this site revealed were: "The most remunerative miner is Obelisk SC1Inmersion for SiaCoin and SpaceCash", and that "the manufacturers Obelisk and FusionSilicom positioned 3 miners as the most profitable". All this happens even though, at that time, a recent lawsuit against Obelisk had been filed, and FusionSilicom was a recent company.
- Mexico is getting eight new cryptocurrency exchanges (Coindesk)
By the middle of the year, it was confirmed that Mexico had made the largest transaction in history with cryptocurrencies: “The Company Amero-Isatek bought a piece of land in Cabo Pulmo, in Baja California Sur, for a price of $280 million, equivalent to 18 million dollars, equivalent to 18 million and 733 thousand Ameros”. At the beginning of its transition through the cryptocurrency market, 7 new exchange houses have been opened throughout this year: Mazatlán Sinaloa, Guadalajara, Jalisco, Cancún Quintana Roo, Querétaro, Mexico City, Nuevo León and Los Cabos, Baja California Sur.
- Gómez-Acebo & Pombo launches its own cryptocurrency (Iberian Lawyer)
This cryptocurrency has become the first Spanish cryptocurrency issued by a law firm. Since then, it has been listed on the Stellar public network. As one of the project partners, Guillermo Guerra said, "it is a pioneering initiative in the Spanish legal sector. With the help of Blockchain Work Labs, a startup specialized in blockchain technology, we have created a market in which Pombos can be freely traded, although in this first issue we have limited it to clients of the firm".
- Bitcoin and Treasury: cryptocurrency trading tax in Spain (Murcia Economía).
The CNMV has opted for the regulation of the purchase and sale of crypto assets at community level. The Tax Agency has made this clear: "If the entity offering the service of custody and storage of the crypto assets is located in Spain, the crypto has to declare to the Spanish tax office". However, for those who store bitcoins in physical wallets, they will have to rely on trust. Currently, Bitcoin's anonymity does not allow the Treasury to know the digital heritage of Spanish bitcoiners.
- "Coffee" a new cryptocurrency to combat the coffee crisis in Colombia (Steemit)
The grain crisis has led the governments of coffee-producing countries to seek solutions and alternatives before production reaches unsustainable levels. In this way, Coffee was born, the cryptocurrency that was presented last August in Colombia to save the grain producers.
- Uphold is listing 15 new altcoins, and will pay you to guess which ones (Yahoo Finance)
Uphold, a cloud-based financial services platform, added 15 cryptocurrencies between August and September. The exchange house is headquartered in the UK, and users will already be able to manage cryptocurrencies like Litecoin (LTC), Dash (DASH), Bitcoin (BRC) or Cardano (ADA).
- Chine cryptocurrency mining giant files for $400 million IPO in US (Cointelegraph)
Canaan Creative filed an application last October to be a listed company in the United States. The initial public offering (IPO) filed with the U.S. Securities and Exchange Commission (SEC) to raise $400 million was made while planning to be listed on the Nasdaq under the ticket CAN.
- The Jewish people's blockchain and the accuracy of the Torah (aish)
It looks like the Jewish people have already used this technology with their Torah. The comparison of the blockchain with the sacred texts of Judaism occurs because "the Torah was the first system that sought consensus to ensure that it was not modified". As the news points out, Moses wrote thirteen scrolls and divided them among the tribes, and his intention was that if any of them tried to modify them, “all the others would flag the ‘transaction’ as invalid and reject it.”
- 5 best cryptocurrencies to invest in 2020 (CCSI)
Among the 1,300 cryptocurrencies that currently exist on the market, the forecasts for 2020 already indicate that the most known cryptos will be an opportunity to invest and make a profit in the coming year. For example: Ether, the second highest rated cryptocurrency, Ripple, one of the most important currencies and Litecoin, created as an alternative to Bitcoin. However, you should also keep in mind news virtual coins to research and know all their possibilities, like Davies.
Conclusion on cryptocurrency news
There has been many news about blockchain and cryptocurrencies that have accompanied us over these 365 days. While every news deserves special attention, we have highlighted these 12 to take a tour of various factors (the role of the Treasury in the cryptocurrency market, the creation of new virtual currencies in Latin American countries, initiatives for the legal sector, blockchain history, etc.).
The aim is to introduce us to the diversity of developments that have accompanied the cryptocurrency sector in 2019. Do you have any questions? If you want to know more about this changing world, we encourage you to ask us. We will be happy to talk to you.