Bitsnapp weekly #11 — Last weekly of 2018

Time to look back and take stock of what happened in the last 12 months

Bitsnapp
Bitsnapp
4 min readDec 30, 2018

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Winners and Losers (TOP 50)

Winners
Losers

Recap

Last weekly of 2018, time to look back and take stock of what happened in the last 12 months. Despite the obvious price downfall in prices, more and more people are learning about and using cryptocurrencies. This year has set a record for adoption, but also for exchange hacks, both in number and scale.

Speaking of hacking, a group called wallet.fail outlined a way to attack hardware wallets from Trezor and Ledger. The vulnerability should be patched in a firmware update coming in January.

Japanese internet giant GMO Internet Group is quitting the Bitcoin mining hardware sector due to a significant loss in Q4 of this year. This is another consequence of the falling mining profitability brought about by the drop in prices.

The end of 2018 also marks the 10th anniversary from the beginning of the Great Financial Crisis, one of the supposed reasons behind the creation of Bitcoin. Since then, crypto has made great strides, but it still has a long way to go.

News

Despite Slump in Crypto Prices, Bitcoin ATMs More Than Doubled in 2018

2018: A Record-Breaking Year for Crypto Exchange Hacks

Hardware Hacking: How To Secure Your Trezor Wallet With Passphrase

GMO Internet Exits Bitcoin Miner Production After Recording ‘Extraordinary Loss’ in Q4

The End of the First Crypto Decade

Mapping out the major crypto infrastructure launches of 2018

Bitmain Reportedly Will Sack More Than Half of Workforce

Bitcoin Miner Raked in $14.5 Million in Crypto Using $3 Million in Stolen Electricity

Coinbase to relaunch Earn.com as Coinbase Earn, the latest iteration of a product with many former identities

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Bitsnapp
Bitsnapp

Android crypto portfolio tracker, API sync for exchanges and mining pools, address tracking for many coins, charts, news and much more! https://bitsn.app