The year 2020 was challenging for everyone. Filled with infamous events, this year seems to be reasonably faithful to the crypto market. We’ve seen an upgraded ATH (all-time-high) bitcoin (BTC) performance, experienced brand-new trends in the decentralized financing (DeFi) sector, and drew in brand-new users, which means we’ve automatically brought the day of the crypto mass adoption more detailed.
Changelly itself introduced brand-new features and released a first-class cryptocurrency exchange Changelly PRO. We’ve partnered with a lot of significant crypto jobs and expanded our family of crypto assets available for immediate swap and purchase considerably.
Through all the ups and downs that took place in the crypto and blockchain industries this year, Changelly remains at the forefront to offer users with the best service possible. Let’s recap all the crypto events that affect both our platform and the industry of crypto finance, in general, this year.
Changelly managed to partner with Bitcoin Insider and Coinspeaker and list essential crypto gamers like Ravencoin (RVN) and Aeternity (AE). We’ve held a Zero network Fee promotion and became CV Summit’s Silver Sponsor. Well, the year assured to be rewarding for equally beneficial partnerships.
2020 began with quite strange news. Singaporean crypto specialist Mark Cheng was abducted in Thailand. Kidnappers desired a $740,000 ransom in bitcoin (BTC) and even tortured the pauper. Fortunately, the story had a pleased end. Cheng is alive and keeps being involved in the crypto activity.
Since great news, in late January, the most significant adult content platform, PornHub, started accepting USDT payments.
In February, Google revealed its partnership with Gedera Hashgraph while the leading cryptocurrency BTC rate struck $10,000 for the first time in 2020. Little did we know that it was just the beginning of bitcoin’s rising. The co-founder of the Ethereum platform Vitalik Buterin revealed details of Ethereum 2.0 and introduced a roadmap. Additionally, another country, this time Sweden, tested its own digital currency E-krona.
This Spring, we celebrated our 5th anniversary. Given that 2015, Changelly has been supplying instantaneous access to the world of cryptocurrencies. We are constantly establishing new features and services in order to bring a flawless experience to all users, be them crypto beginners or more skilled crypto lovers. Thank you for being the most substantial part of our platform! Discussing the global crypto events, we are going to highlight the 3rd Bitcoin halving. This is another milestone for the first and most substantial cryptocurrency in the industry. Long live Satoshi, long live Bitcoin. March In March 2020, we
expanded our partners’list and welcomed 3 more crypto platforms: DAOWallet, Freewallet, and BetFury. Apart from that, we added a new token HEDG token, prepared to be switched and purchased quickly via our Changelly market.
March worldwide crypto events were mainly associated with the COVID-19 circumstance. While the whole world was kept under quarantine, the World Health Organization (WHO) released a blockchain-enabled platform to stop the spread of coronavirus.
- 03/03– Crypto market workers began to work remotely due to COVID-19
- 03/07– ‘Bitcoin coronavirus’ query search traffic became more required than ‘bitcoin halving.’
As a present for Changelly’s 5th anniversary, we’ve released a fiat-to-crypto marketplace, Changelly Buy, to make crypto purchases a lot more available. Changelly Buy objectives to offer each user with a broad option of crypto uses so you can choose the best one. Eco-friendly task coin DOV, health care blockchain-based token SOLVE, game-changer cryptocurrency ICON, and Rupiah stablecoin(IDRT) signed up with the family of 160 + crypto assets available for swaps and crypto purchases on Changelly. Speaking about around the world crypto events that took place in April, it is important to mention the following news:
- 04/02– Brave internet browser with its blockchain-based marketing platform acquired 1M new users per month
- 04/10– Bitcoin SV (BSV) had the first-ever halving
- 04/13– Bitfinex made a $1 billion in BTC transaction with a $0.6 fee
- 04/15– DeFi market cap reached $1 billion market capitalization
This May, we welcomed a vast array of altcoins focused on providing users with an enhanced crypto experience. Our users can now swiftly purchase IOTA, EXMO, CUR, and OKEx with a credit/debit card (Visa, Mastercard), bank transfer, and Apple Pay and exchange them quickly with over 160 digital possessions. Changelly also partnered with the virtual currency platform Coinify.
International crypto news was rather noteworthy too:
- 05/12– Pavel Durov closed Telegram Open Network (TON) project
- 05/15– Visa filed a patent to develop an Ethereum-based digital currency
- 05/20– 50 BTC mined in 2009 moved for the first time in 11 years
- 05/20– Bank of France revealed the successful test of digital Euro
Summer is the time to have a rest and take pleasure in the sunny days, but not in 2020. The whole world was associated with conflicts, both local and worldwide ones. Many other infamous events took place, and this time the blockchain and crypto markets were not exceptions.
However, summer season 2020 revealed excellent crypto news also. The DeFi sector experienced a substantial boost, while BTC price began going up. Well, let’s have a more detailed look at other events that occurred on Changelly and the crypto market.
Changelly became a new stop for the smooth purchase of SOLO, AVA, GHOST, HEX, and ERK crypto properties. Our market has actually been developing quickly, bring in brand-new fiat-to-crypto suppliers and using much more competitive crypto rates. As a cherry on the top of the June cake, our API was integrated into hardware digital wallet BC Vault. With such a cooperation, BC Vault users are made it possible for to exchange cryptocurrency within the wallet.
It was reported that since June 2020, financiers were holding around 11.4 million bitcoins as a long-lasting financial investment. Also, the Bank of China finished the backend architecture development for its digital Yuan coin.
The major occasion of Jule was the launch of our full-fledged cryptocurrency exchange Changelly PRO. Users can now trade BTC, ETH, LTC, and many other digital currencies like a pro. Changelly PRO offers a responsive trading terminal and
native UX/UI so that crypto newbies and expert traders can take pleasure in a perfect trading experience. We were likewise grateful to list the Levolution (LEVL)token and invited two more fiat-to-crypto suppliers Settle Network and Banxa.
Speaking about global crypto news, 336 BTC were taken from the crypto-bank Cashaa. We’ve also experienced a terrific Twitter hack and an essential theft of 12 BTC. Yet, the market celebrated the 5th anniversary of Ethereum, while the total funds locked in DeFi reached $4 billion.
- 07/14– PayPal perhaps will develop a crypto-based option
- 07/20– Dogecoin blew up due to the viral TikTok video
August was rich with terrific news for our platform. We’ve introduced an upgraded affiliate program Changelly Earn, which allows our affiliate partners to get up to 50%of our income from crypto-to-crypto and fiat-to-crypto deals. Our full-featured trading platform Changelly PRO exposed its recommendation program that would allow users with more advantages and opportunities.
We want to supply our users with the vastest choice of cryptocurrency prepared to be switched or bought immediately and at the best rates. This August, 2 more tokens, ONE and ROOBEE, signed up with the Changelly platform.
Still, the industry, in general, met numerous downs. Indian federal government considered prohibiting cryptocurrencies. Another problem referred to Ethereum Classic. The blockchain underwent a 51% attack.
Stay calm as there was more great news than bad ones:
- 08/17– Bitcoin price climbed above $12,000
- 08/20– Interest in cryptocurrencies has grown to the level of January 2018
- 08/26– The variety of addresses with more than 1,000 BTC has actually grown to 2,200
- 08/30– Uniswap trading volume went beyond Coinbase volumes
While we all were moving towards Christmas celebrations, the industry fulfilled numerous good news (and a couple of bad ones). Changelly popular Halloween, held many amusing contests, included new tokens for quick swap and purchase, and many more.
The fall began with bring in brand-new brilliant minds to the market of digital assets. Changelly, together with its media partner Cointelegraph, revealed an essay competition so that anyone could express themselves concerning the future of blockchain and cryptocurrencies.
We likewise invited Energi (NRG), Electroneum (ETN), and PlatonCoin (PLTC). This year, we likewise commemorated the 4th anniversary with our dear partner Indacoin.
September 2020 brought us a long-awaited justice for scammers. Six people got apprehended in connection with a PlusToken scam. By the way, PlusToken was among our protagonists during Halloween week. You can read this cooling story here. Speaking about other ‘rip-off exits,’ the creator of the successful DeFi platform SushiSwap, Chef Nomi, stole $13 million from the platform. The incident has caused an excellent scandal, however the stolen funds were returned.
- 09/01– Pornhub started to accept Bitcoin and Litecoin
- 09/09– DeFi sector crashes by 50%
We’ve had a great time this October. Our API was integrated into Ledger Live so that users might exchange and purchase cryptocurrency within the Ledger hardware wallet. We noted Zilliqa (ZIL), COTI, and DigiDinars Token (DDRT), released Changelly PRO app for iOS devices, and held the greatest Halloween promo with free gifts and prizes.
October was the time when the BTC cost began to proliferate (little did we know). Back then, and updated its yearly high of $14,100. The DeFi sector likewise showed brand-new records – – the quantity of locked funds in DeFi reached $12.5 billion.
- 8/10– The hash rate of Bitcoin reached 170 EH/s
- 13/10– Binance rose over $4 Million in cryptocurrency to eliminate Coronavirus
- 15/10– Filecoin job released a mainnet, drawing in the neighborhood attention
In November, Atari token (ATRI), Cartesi Network token (CTSI), and Elrond (EGLD) joined the Changelly household of crypto-assets while our cryptocurrency exchange Changelly PRO noted Aave token. We updated our exchange widget so you might exchange and purchase cryptocurrency even much faster and in the most hassle-free way.
Bitcoin (BTC) proved its status as the cryptocurrency king once again. The remainder of the altcoins also showed fast development.
- 11/06– Brazilian Minister of Economy validated the development of CBDC
- 11/09– Grin cryptocurrency network under attack
- 11/25– Stellar (XLM) price exceeded $0.22, striking a two-year high
- 11/30– Bitcoin hits the $19,845 point
This is where we are now. The year is practically over, however it keeps surprising us. December updated the rate of BTC. It is now at the highest level of perpetuity. As of December 27, the BTC cost is $28,288. Changelly held the Cryptmas event and listed the native cryptocurrency of the PolkaDot job (DOT)
- 12/02– Launch of Ethereum 2.0 Phase 0
- 12/07– Stablecoin capitalization exceeded $50 billion
Bottom Line: 2020
Changelly’s 2020 turning points:
< img width="1200" height="675" src="https://changelly.com/blog/wp-content/uploads/2020/12/5.jpg" alt ="" data-id="58924" class="wp-image-58924" srcset="https://changelly.com/blog/wp-content/uploads/2020/12/5.jpg 1200w, https://changelly.com/blog/wp-content/uploads/2020/12/5-768x432.jpg 768w, https://changelly.com/blog/wp-content/uploads/2020/12/5-500x281.jpg 500w, https://changelly.com/blog/wp-content/uploads/2020/12/5-293x165.jpg 293w, https://changelly.com/blog/wp-content/uploads/2020/12/5-770x433.jpg 770w" sizes =" (max-width: 1200px) 100vw, 1200px"/ > We want to thank every one of you for being with us throughout this tough year. Regardless of all the difficulties, we’ve made it. We are going into the brand-new year with amazing outcomes, and we wish to carry out even much better in the coming year. Happy New Year!
The post Changelly’s Notable Crypto Events: 2020 Recap appeared initially on Cryptocurrency News & & Trading Tips– Crypto Blog by Changelly.