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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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10. Blockchain Media Startup Civil's ICO Falls Flat

The Civil Media Company wanted to create a new economy for journalism using blockchain, but in October was unable to sell $8 million worth of its cryptocurrency, according to TechCrunch. The company ultimately ended up selling just $1.4 million worth of cryptocurrency tokens.

Civil had reached out to The New York Times, The Washington Post, Dow Jones and Axios, but failed to generate interest in its token, according to the Wall Street Journal.

The company, though, wasn't deterred, and planned to conduct a new token sale fundraiser in a simpler format. Once the newly reformatted token sale is completed, Civil plans to launch three new features: a blockchain publishing plugin for WordPress, a community governance application, and a developer tool for building without blockchain experience.

 
 
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