Source: Benzinga Feeds
2019 is well and truly in the books, and the “Crypto Predictions for 2020” editorials have long since flooded email inboxes, blogs and forums. Don’t worry, this isn’t one of those. Instead, we want to cast our gaze back over the preceding 12 months and recap several fascinating events and trends that occurred. Whether you missed them the first time around or need reminding about their newsworthiness, you’ll want to read on. 1) The Crypto Credit Bubble Back in October, a group of former Wall Street traders cast a pall on the success of crypto lending companies by predicting that the $5 billion crypto loan bubble was set to burst . Concerns centered around a lack of regulation, cheap credit and blind faith in the market’s strength. The growth of decentralized finance (DeFi), with its emphasis on open-source projects and accessible finance for all, undoubtedly ties in to this fear, not least since DeFi has grown by over 300% in the past year. But while greed was largely responsible for the financial crash of 2008 (as well as the ICO slowdown), there are greed-free initiatives flourishing in this space.