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The 10 Biggest Cryptocurrency News Stories Of 2018

The cryptocurrency industry was in for a rude awakening in 2018 as a precipitous decline in the value of Bitcoin resulted in layoffs, bankruptcy filings, and facility closures across the industry.

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Bubble Burst

The cryptocurrency industry experienced a rude awakening in 2018 as a precipitous decline in the value of Bitcoin and similar currencies resulted in layoffs, bankruptcy filings, and facility closures across the industry.

The erosion in the currency's value had a pronounced impact on cryptocurrency mining, with profitability waning even for producers with scale and unsold graphics cards amassing as people quickly abandoned the idea of mining for cryptocurrency at home.

But the news wasn't all negative. From prospective cryptocurrency smartphone apps to scaling up blockchain data centers and blockchain identity platforms, some cryptocurrency vendors managed to find the glimmer of light in an otherwise bleak landscape.

Here's a look at 10 significant pieces of cryptocurrency news that reshaped the market over the past year.

 
 
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