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1. BLOCKPORT
NEWS
https://verifiedcryptonews.com/

2. CURRENT STATE OF
THE CRYPTO MARKET https://verifiedcryptonews.com/
Hackers:
As we celebrate a quite successful 2019 in the crypto industry and enter the new year
with new hope, hacks and scams across the industry remain a problem we have to face
2020. Centralized exchanges and custodial wallets were the most targeted institutions
across 2019 with investors losing over $500 million in the process. Remember Satoshi’s
words in the Bitcoin whitepaper released in 2008: “What is needed is an electronic pay-
ment system based on cryptographic proof instead of trust, allowing any two willing par-
ties to transact directly with each other without the need for a trusted third party.” The
transaction of cryptocurrency through exchanges and custodial wallets breaks this very
important rule. Remember, not your keys! Not your coins.

3. Key Players:
The digital currency space has seen rapid growth and expansion in 2019, with height-
ened interest from governments and global corporations. Cryptos recovered from the
2018 bear market, when with Bitcoin crashed to as low as $3,800. The blockchain
sector has seen exponential growth in 2019, as it became recognized by governments
and institutions around the world as a transformative technology. This year, blockchain
adoption reached new highs as it continued to find new use cases. News broke with an
array of exciting blockchain-related developments, with the United Nations-led Inter-
national Organization for Migration launching a blockchain tool to prevent the ex-
ploitation of migrant workers, and Chinese President Xi Jinping giving a seminal public
endorsement of blockchain technology. When asked about Crypto in the new year,
Erik Voorhees, founder and CEO of ShapeShift, a Swiss-based instant crypto exchange
said “For 2020, I’d like to see perception of crypto assets return back to a balanced
state. By this Imean, in 2017 every crypto in existence was worth a gazillion dollars
(which was crazy), and in 2018/2019,there has been a similarly overly pessimistic view
(anything other than Bitcoin is worthless).

4. ADOPTION:
The next decade will be critical and formative years for how digital currencies are imple-
mented and regulated around the globe. The European Union is shaping up to be an epi-
center for the cryptocurrency space, and it could dominate the conversation early next
year. However, crypto-based companies operating in its member countries are in a battle
for their existence, as the Fifth Anti-Money Laundering Directive (AMLD5) comes into exis-
tence in two weeks. Expected to be enacted on January 10,2020, AMLD5 imposes strin-
gent financial data reporting responsibilities on cryptocurrency firms. Several EU-based
cryptocurrency firms have already shuttered their services, citing the incoming regulato-
ry measures. These include British payment processor BottlePay and Dutch cryptocurren-
cy mining platform Simplecoin.

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