The Month in Crypto – November 2018.

The News

Capitulation was the word of the month as the markets plummeted. bloomberg

Nasdaq confirmed the world’s second largest exchange will launch a bitcoin futures product next year in a partnership with investment firm, VanEck. cnbc

Bitcoin Cash hard-forked after a developer disagreement as to how transaction scalability should be addressed. The split triggered a hash war to control the mining power and economically has been a bad decision for both. Prior to the split Bitcoin Cash was $400 and now BCHABC is $170 and BCHSV is $100. cointelegraph

For the first time, Morgan Stanley acknowledged cryptocurrencies as an asset class. coindesk

The SEC was on the warpath this month, charging multiple people and companies involved with ICOs. Celebrities such as Floyd Mayweather and DJ Khaled were charged. cnbc

Capital

KuCoin, the Singapore based cryptocurrency exchange raised a $20M equity round. techcrunch

Flipside Crypto have completed a $4.5M equity round. Their goal is to bring transparency to crypto assets. coindesk

Aztec, a start-up looking to provide privacy layers to ethereum transactions to allow business use raised $2.1M in equity. coindesk

Adoption

Amazon Web Services have become the latest company to offer cloud-based blockchain services. zdnet

A consortium led BP and Shell launched a blockchain based oil trading platform. Initially, the platform will process North Sea crude oil contracts. oilprice

Ohio became the first American state to accept bitcoin for tax payments. techcrunch

The SIX Swiss Exchange launched the first global multi-cryptocurrency ETP. financialtimes

Market:

Markets continued to tumble in November and fell almost 35% in one week, following the bitcoin cash hard fork. Bitcoin fell 37% finishing the month at $4,000 USD. Ethereum performed worse and fell 43%, it is currently sitting at $113 USD. Ripple (XRP) was one of the best November performers falling (only) 20% and becoming the second largest cryptocurrency by overall market capitalisation.

Check out my BlockDelta profile for further updates.