📨 #CryptoRoomDaily

📨 #CryptoRoomDaily

📉 According to a recent CNBC report, just about every single asset class has posted negative returns or unchanged performance year to date.
via CNBC

⛏ Bitcoin mining giant Bitmain confirmed major layoffs, with more than 50% of staff leaving the company.
via CoinDesk

🏦 ⁠Bank of America submitted an application to patent a blockchain system, which will use the technology in cash handling procedures.
via Cointelegraph

🇰🇷 South Korea’s blockchain association wants Gwangju, the 6th largest city in the country, to be turned into a ‘specialized Crypto-Valley District.’
via CCN

☠️ According to the Bitcoin Obituaries website, the first cryptocurrency ‘died’ 90 times in 2018.
via Bitcoin.com

The year when nothing worked: Nearly every kind of investment is in the red
Investors blame the unwinding of Federal Reserve stimulus and the possible end of the economic expansion.