2019 was marked by numerous events in the crypto industry, some of which could be considered quite significant and major fails.
With 2019 being only 6 days away from its conclusion, it might be interesting to take a look back on this year, and see which events related to the crypto industry may stand out.
Without further ado, here are our top 5 picks for some of the crazy crypto-related fails in 2019.
Earlier this year, there was a charity that featured lunch with the legendary investor of Wall Street, Warren Buffet, as one of the rewards for donations. The lunch with a famous businessman was won by the TRON CEO, Justin Sun, with a bid of $4.5 million.
Suns goal was to talk to Buffet about crypto and try to convince him that cryptos are good for the future. Unfortunately, the lunch had to be delayed, and eventually it was canceled, causing widespread disappointment throughout the crypto industry.
Craig Wright has been trying to claim the identity of Satoshi Nakamoto Bitcoins mysterious creator for a number of years now. However, Wright was never able to move a single coin that belongs to Satoshi, which is the only way he could prove to the world that he is, indeed, who he claims to be.
In one of the more recent attempts to do so, he claimed that he had a mountain of evidence, including historical documents, such as the handwritten version of Bitcoins white paper, which included coffee stains and rusty staples. Not exactly proof, but it was certainly an entertaining statement at the time.
Earlier this year, TRON, and its CEO, Justin Sun, came under a pretty negative spotlight after a PR disaster revolving around a Tesla giveaway. As some may remember, Sun announced that TRON is partnering up with Tether, which was supposed to be followed by a giveaway of Tesla Model S.
Many were skeptical right away, but a lot of people were also quite hopeful. The Twitter announcement exploded, and when the time came to draw the winner, Sun used a random lottery selection software, TWrench. But, when he posted the video, it quickly got removed due to a glitch and large file size. When the community managed to dig it up, they realized that it was fake and that the winners name appeared before the drawing even began.
A crypto project known as DigiByte made a lot of effort in order to get listed on some of the biggest exchanges out there, and Poloniex was quite high on the list. The project eventually got listed, but it was also quickly removed from the exchange quite recently.
Why? Simple. The projects founder took to Twitter to blow off some steem and criticize quite a few big names in the crypto industry, including Binance CEO, CZ, TRON CEO, Justin Sun, and even Poloniex itself. DigiByte was removed from the exchange soon after, and many believe that this was the reason why.
Another major fail from a few months ago came about as Binance delisted 30 trading pairs from its platform, including TRON-based BitTorrent (BTT). Interestingly enough, this was the first token that Binance Launchpad ever launched, and it even started the Initial Exchange Offering (IEO) trend that marked the year.
Binance even publicly supported TRX and BTT earlier this year, only to delist its trading pairs (among others) later on, which caused a major price drop for BTT and its peers. It was undoubtedly a hard blow for BTT and Justin Sun alike.
Do you agree with our picks? What other crazy, major fails do you remember from earlier in 2019? Let us know down in the comments.
Image via Shutterstock, Twitter @jaredctate @poloniex @justinsuntron
The rest is here:
Top 5 Crazy Crypto Events of 2019 - Bitcoinist
- Satoshi Nakamoto Definition | Investopedia - February 6th, 2018 [February 6th, 2018]
- Who is Satoshi Nakamoto, Cryptocurrency's Elusive Creator ... - March 2nd, 2018 [March 2nd, 2018]
- Self-proclaimed Satoshi Nakamoto sued for swindling $5 ... - March 2nd, 2018 [March 2nd, 2018]
- Bitcoin's Creator Satoshi Nakamoto Is Probably This ... - March 28th, 2018 [March 28th, 2018]
- Satoshi Nakamoto - Wikipedia - May 7th, 2018 [May 7th, 2018]
- Satoshi Nakamoto Known to CIA? FBI? Created by NSA? Search ... - August 21st, 2018 [August 21st, 2018]
- Satoshi Nakamoto, bitcoins enigmatic creator - Brain scan - September 6th, 2018 [September 6th, 2018]
- Bootstrapped Gavin: Satoshi Nakamotos identity revealed ... - September 6th, 2018 [September 6th, 2018]
- Satoshi Nakamoto was interested in joining Trons Atlas ... - September 14th, 2018 [September 14th, 2018]
- Satoshi Nakamoto Revealed Says UK Nonprofit Stylometry ... - October 9th, 2018 [October 9th, 2018]
- 2018 Who is Satoshi Nakamoto? Psychic Insights Michelle ... - October 28th, 2018 [October 28th, 2018]
- How bitcoin has failed to achieve Satoshi Nakamotos ... - November 6th, 2018 [November 6th, 2018]
- Satoshi Nakamoto Introduced Bitcoin 10 Years Ago ... - November 6th, 2018 [November 6th, 2018]
- Who Is Satoshi Nakamoto? - bitcoinplay.net - December 14th, 2018 [December 14th, 2018]
- Satoshi Nakamoto Finally Revealed! A Back-Of-The-Envelope ... - December 14th, 2018 [December 14th, 2018]
- The Incomplete List of People Speculated to Be Satoshi ... - January 6th, 2019 [January 6th, 2019]
- Satoshi Nakamoto's profile updated 2018! | Crypto Insider - January 6th, 2019 [January 6th, 2019]
- Bitcoin (BTC) Creator Satoshi Nakamoto More Powerful Than ... - January 6th, 2019 [January 6th, 2019]
- Who is Satoshi Nakamoto? - What is Bitcoin? - January 6th, 2019 [January 6th, 2019]
- Who is Satoshi Nakamoto? - Invest in Blockchain - January 6th, 2019 [January 6th, 2019]
- Fake Satoshi Nakamoto Craig Wright Rats Out Ethereum Trying ... - February 19th, 2019 [February 19th, 2019]
- Will The Real Satoshi Nakamoto Please Stand Up No, Sit Down ... - February 19th, 2019 [February 19th, 2019]
- Who Is Satoshi Nakamoto? The Top 4 Candidates Revealed ... - February 19th, 2019 [February 19th, 2019]
- Satoshi Nakamoto Person Of The Year - Business Insider - February 19th, 2019 [February 19th, 2019]
- Will The Real Satoshi Nakamoto Please Stand Up - bitcoinist.com - February 19th, 2019 [February 19th, 2019]
- From Dorian Nakamoto to Elon Musk: The Incomplete List of ... - February 19th, 2019 [February 19th, 2019]
- Satoshi Nakamoto May Have Considered a Bitcoin Kill Switch ... - March 22nd, 2019 [March 22nd, 2019]
- How Rich is Satoshi Nakamoto Today? - coincentral.com - March 22nd, 2019 [March 22nd, 2019]
- Who is Satoshi Nakamoto? - CCN - March 22nd, 2019 [March 22nd, 2019]
- Bitcoin's Creator Satoshi Nakamoto Is Probably This Unknown ... - March 22nd, 2019 [March 22nd, 2019]
- Satoshi Nakamoto: Who is Bitcoin's Mysterious Creator ... - March 22nd, 2019 [March 22nd, 2019]
- Satoshi Nakamoto May Have Considered a Bitcoin Kill Switch - March 22nd, 2019 [March 22nd, 2019]
- Who is Satoshi Nakamoto? We Look at The Possible Candidates ... - March 22nd, 2019 [March 22nd, 2019]
- New Information Heightens Satoshi Nakamoto Mystery - Bitcoin News - March 22nd, 2019 [March 22nd, 2019]
- Satoshi Nakamoto Mines Over 40% of Bitcoin Cash, Sparks ... - May 5th, 2019 [May 5th, 2019]
- Who is Satoshi Nakamoto? John McCafee Claims to Know And ... - May 5th, 2019 [May 5th, 2019]
- Back to the Satoshi Nakamoto Bitcoin affair - BBC News - May 5th, 2019 [May 5th, 2019]
- Bitcoin block size limit debate: An overview - Cryptopolitan - September 18th, 2019 [September 18th, 2019]
- Is it Legal to Invest in Bitcoins in India? Here's a Guide to Cryptocurrencies - News18 - September 18th, 2019 [September 18th, 2019]
- Someone just moved $1.4 billion in Bitcoin - ACS - September 18th, 2019 [September 18th, 2019]
- You Can Now Prove a Whole Blockchain With One Math Problem Really - CoinDesk - September 18th, 2019 [September 18th, 2019]
- Bitek CEO talks spreading Bitcoin SV news in Latin America - CoinGeek - September 18th, 2019 [September 18th, 2019]
- Are 18 months enough for SpaceChain's extraterrestrial blockchain network? - Cryptopolitan - September 19th, 2019 [September 19th, 2019]
- Bitcoin Will Surge to $20,000, States BitMEX Chief Executive After Fed Prints $53 Bln of QE - U.Today - September 19th, 2019 [September 19th, 2019]
- The Top 5 Cryptocurrency Exchanges - Asia Crypto Today - September 19th, 2019 [September 19th, 2019]
- Snowden Triumphs Bitcoin While US Govt Tries Book Earnings Seizure - CCN.com - September 19th, 2019 [September 19th, 2019]
- What Is Blockchain Technology? - The Crypto Coin Discovery - September 19th, 2019 [September 19th, 2019]
- US Arrests One of the First Ethereum Devs - ihodl.com - September 19th, 2019 [September 19th, 2019]
- Craig Wright Claims He Almost Settled the Case with the Kleiman's - ihodl.com - September 19th, 2019 [September 19th, 2019]
- Craig Wright to Negotiate for Settlement Over 1.1 Million Bitcoin Ownership Trial - CryptoNewsZ - September 19th, 2019 [September 19th, 2019]
- Social media site Tsu set to return - ZDNet - September 19th, 2019 [September 19th, 2019]
- OPINION: Institutional Trading Could Kill Crypto Exchanges - Markets Media - September 19th, 2019 [September 19th, 2019]
- Craig Wrights Hidden Treasures: Court Order to Unlock the Tulip Trust - Cointelegraph - September 19th, 2019 [September 19th, 2019]
- Five Reasons Satoshi Nakamoto Is Smarter than Mark Zuckerberg - CCN.com - September 19th, 2019 [September 19th, 2019]
- And Satoshis True Identity is - CCN.com - September 19th, 2019 [September 19th, 2019]
- Donald Trump or Prince William? New Bitcoin Father Theory - Coin Idol - October 2nd, 2019 [October 2nd, 2019]
- EPFL Researchers Invent Low-Cost Alternative to Bitcoin | Fintech Schweiz Digital Finance News - Fintechnews Switzerland - October 2nd, 2019 [October 2nd, 2019]
- How to think about the future of digital currency - The Next Web - October 2nd, 2019 [October 2nd, 2019]
- Regulators Must Have Died and Made Crypto Exchanges King - CCN.com - October 2nd, 2019 [October 2nd, 2019]
- Bitcoin Price to Hit $90,000 After May 2020 Halving, Predicts Germany's Top... - Coinspeaker - October 2nd, 2019 [October 2nd, 2019]
- Block.ones SEC settlement over EOS ICO is shockingly weak say critics - Decrypt - October 2nd, 2019 [October 2nd, 2019]
- Bitcoin has a massive carbon footprint. This clever new cryptocurrency doesnt - Digital Trends - October 2nd, 2019 [October 2nd, 2019]
- John McAfee on Libra, Satoshi Nakamoto, and the Binance Ban [BeInCrypto Interview] - BeInCrypto - October 2nd, 2019 [October 2nd, 2019]
- AI, The Great Depression And Satoshi Nakamoto: Robert Shillers Narrative Economics Is A Cautionary Tale For Our Times - Forbes - October 2nd, 2019 [October 2nd, 2019]
- Analyzing the Bitcoin Phenomenon - ChartAttack - October 12th, 2019 [October 12th, 2019]
- Latest cryptocurrency news and prices, 09 October 2019 - The South African - October 12th, 2019 [October 12th, 2019]
- Alipay Claps Back at Binance, Reaffirms Ban on Bitcoin & Other Cryptocurrencies - BlockPublisher - October 12th, 2019 [October 12th, 2019]
- Bitcoin Association and Cambridge Partner Over Bitcoin SV - Live Bitcoin News - October 12th, 2019 [October 12th, 2019]
- How Bitcoin Miners Fueled the Bear Market Trend of 2018 - BTCNN - October 12th, 2019 [October 12th, 2019]
- Bitfinex and Tether Face Class Action Filed by Lawyers Who Sued Craig Wright - CryptoGlobe - October 12th, 2019 [October 12th, 2019]
- Cryptocurrency: What to know about digital money - Fox Business - October 12th, 2019 [October 12th, 2019]
- Bitcoin History Part 18: The First Bitcoin Wallet - Bitcoin News - October 12th, 2019 [October 12th, 2019]
- 2 Bitcoin Developers Explain How The Cryptocurrency Could Still Fail - Forbes - October 12th, 2019 [October 12th, 2019]
- With 18 Million Bitcoins Mined, How Hard Is That 21 Million Limit? - CoinDesk - October 25th, 2019 [October 25th, 2019]
- Wonders Of The Blockchain-Enabled Supply Chain - Coinrevolution.com - October 25th, 2019 [October 25th, 2019]
- Oxford English Dictionary Recognizes Growing Adoption of Crypto by Adding 'Satoshi' - CryptoGlobe - October 25th, 2019 [October 25th, 2019]
- Bitcoin moves towards the foresight of inventor Satoshi Nakamoto - OBN - October 25th, 2019 [October 25th, 2019]
- Jack Dorsey: Bitcoin is becoming the Internets national currency - Decrypt - October 25th, 2019 [October 25th, 2019]
- Exclusive Interview with John McAfee: Epstein Didnt Kill Himself, Bitcoin to Hit $1 million, & Rus - U.Today - November 25th, 2019 [November 25th, 2019]
- More than just crypto: blockchain usage grows amidst greater regulation - Bobsguide - November 25th, 2019 [November 25th, 2019]