Black Thursday
MARCH 12, 2020
As the effects of the coronavirus continued to spread all over the world, as of March 12, there was a big collapse in all markets. This included cryptocurrencies. Historical collapses occurred in Ethereum and other altcoins, especially Bitcoin. Later, March 12, 2020 went into the history of crypto money as "black Thursday".
Bitcoin Halving
11 MAY 2020
On May 11, 2020, Bitcoin's third halving took place. After the halving, Bitcoin miner rewards dropped from 12.5 BTC to 6.25 BTC.
Twitter Hacking Scandal
15 JULY 2020
The cryptocurrency world was shaken by the Twitter hacking scandal on July 15, 2020. Accounts, including celebrities such as Elon Musk, as well as many cryptocurrency exchanges and crypto currency influencers, were hacked and cryptocurrency was requested from users.
The Rise of Chainlink
15 AUGUST 2020
Chainlink (LINK), seen as the leader of DeFi tokens, ended its rise, which it started in early 2020, by reaching an all-time high. During the summer, the entire cryptocurrency community was talking about Chainlink and DeFi.
The Rise of Yearn.Finance
12 SEPTEMBER 2020
Yearn.finance's token, YFI, presented one of the fastest DeFi growth stories in cryptocurrency history. The interesting part of YFI was that it was intended to be of no financial value by its creator. However, the token gradually surpassed all peaks and reached its all-time high on September 12, at $ 43,873.
Uniswap Airdrop
16 SEPTEMBER 2020
Uniswap, the most used DeFi platform in the Ethereum network, released a management token called UNI on September 16. The protocol gifted 400 UNI to each ETH address using the exchange before September 1. This airdrop caused great excitement in the cryptocurrency community.
Kucoin Hack
26 SEPTEMBER 2020
On September 26, 2020, Kucoin suffered a massive hacking attack and lost $ 281 million. It was later announced that 236 million dollars of these coins were saved.
OKEx Stopped Withdrawing Money!
16 OCTOBER 2020
Popular cryptocurrency exchange OKEx announced that it stopped withdrawals on October 16, 2020. The popular crypto exchange cited one of the private key holders to cooperate with the police due to an investigation. OKEx started withdrawals after about 5 weeks.
Cryptocurrency Step by PayPal
21 OCTOBER 2020
Popular payment company PayPal joined the cryptocurrency market in 2020, allowing its users to buy, sell and hold Bitcoin and other cryptocurrencies. Ethereum, Bitcoin Cash and Litecoin can be used in addition to Bitcoin in PayPal.
BitMEX Scandal
NOVEMBER 1, 2020
BitMEX CTO Samuel Reed was arrested on October 1 by the US Department of Justice on charges of not establishing and implementing an anti-money laundering program. After these events, other names were also accused, CEO Arthur Hayes had resigned.
The Bitcoin Cash Hard Fork
15 NOVEMBER 2020
As a result of Bitcoin's hard fork, the Bitcoin Cash network has again split into two new blockchains. The split occurred in November between Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN).
Ethereum 2.0 Started
DECEMBER 1, 2020
Ethereum 2.0, the long-awaited update of the Ethereum network, went live on December 1, 2020. Ethereum will switch from Proof of Work to Proof of Stake if this upgrade is successful. This will bring many advantages.
Cryptocurrency Index Step by S&P Dow Jones
3 DECEMBER 2020
S&P Dow Jones Indices announced that it will launch cryptocurrency indices in 2021. This development has created great excitement in the cryptocurrency community.
FTX Tokenized Stock Sale
7 DECEMBER 2020
The cryptocurrency derivatives exchange FTX has launched the tokenized stock product to buy and sell the world's most popular stocks. Exchange users can now buy more than 12 stocks (Apple, Tesla, Amazon etc.) with Bitcoin (BTC) through the platform.
Spark Token AirDrop
DECEMBER 12, 2020
The AirDrop, which is owned by Ripple-backed blockchain company Flare Networks, which has driven XRP owners into a huge frenzy, has distributed its own token Spark (FXRP) to all XRP holders. Many exchanges and wallets supported AirDrop.
Bitcoin Reaches All-Time High
17 DECEMBER 2020
Leading cryptocurrency Bitcoin has managed to reach an all-time high after a 3-year wait. BTC accordingly crossed the $ 23,500 level, hitting an all-time high of $ 23,642.
DeFi Excitement
2020 has been the year of DeFi (decentralized finance) platforms in particular. Many users have started to use various platforms effectively and extensively, especially yearn.finance. As a result, DeFi tokens have experienced significant increases and profited their investors.
Sushi Frenzy
One of the most important actors of DeFi craze was undoubtedly SushiSwap. The SUSHI governance token attracted all the attention with its name and value increase by more than 1500%. SushiSwap later remained on the agenda with a series of scandals. Chef Nomi, founder of SushiSwap (SUSHI), announced his departure from the project by selling the $ 14 million worth of SUSHI. This situation caused great reactions in the cryptocurrency community, and SushiSwap was transferred to FTX CEO Sam Bankman-Fried. Nomi later returned 14 million by apologizing to the community.
DeFi Hack Scandals
Hackers stole more than $ 100 million from decentralized finance (DeFi) projects this year, according to the information available. DeFi accounted for 50% of all attacks and thefts in the second half of the year.
Corporate Investments
One of the most interesting events of 2020 in the Bitcoin and cryptocurrency world was corporate interest. MicroStrategy's initial investment of $ 475 million in Bitcoin showed everyone that BTC is an important shield against inflation.
