Major Crypto Events of November

November has always been an eventful month in the world of cryptocurrencies, with several significant events taking place that have impacted the market and the industry as a whole. In this article, we’ll take a look at some of the major crypto events that happened in November.Bitcoin Cash Hard Fork:On November 15, 2018, Bitcoin Cash underwent a hard fork, splitting the network into two separate chains. The fork was the result of a disagreement among developers and miners over the future direction of Bitcoin Cash. The split led to the creation of two new cryptocurrencies: Bitcoin Cash ABC (BCH ABC) and Bitcoin Cash SV (BCH SV). The hard fork caused a significant drop in the value of Bitcoin Cash, as well as other cryptocurrencies.Bakkt Launches Bitcoin Futures:On November 23, 2019, Bakkt, a subsidiary of Intercontinental Exchange (ICE), launched its Bitcoin futures trading platform. Bakkt’s platform allows institutional investors to buy and sell Bitcoin futures contracts, settling them in physical Bitcoin rather than cash. This launch was seen as a significant step towards the mainstream adoption of Bitcoin and other cryptocurrencies.Ethereum Hard Fork:On November 24, 2020, Ethereum underwent a major upgrade, known as the Ethereum 2.0 launch. The upgrade included a move to a new consensus mechanism, Proof-of-Stake (PoS), which is more energy-efficient and scalable than the previous Proof-of-Work (PoW) mechanism. The upgrade also introduced several other improvements, including faster transaction speeds and reduced fees.Bitcoin Reaches All-Time High:On November 30, 2017, Bitcoin reached an all-time high of $19,783.06, according to CoinMarketCap. The surge in the value of Bitcoin was driven by increased demand from institutional investors and speculators, as well as growing mainstream acceptance of cryptocurrencies.Crypto Market Crash:On November 25, 2018, the crypto market experienced a significant crash, with the total market cap dropping from over $200 billion to under $130 billion in just a few hours. The crash was triggered by a combination of factors, including the Bitcoin Cash hard fork and a broader market correction.PayPal Launches Crypto Services:On November 12, 2020, PayPal announced that it would allow its users to buy, hold, and sell cryptocurrencies on its platform. The move was seen as a major step towards mainstream adoption of cryptocurrencies, as PayPal has over 300 million active users worldwide.Bitcoin Halving:On November 28, 2012, Bitcoin underwent its first halving event, reducing the block reward from 50 BTC to 25 BTC. The halving event is designed to reduce the rate of Bitcoin issuance and control inflation. Since then, Bitcoin has undergone two more halving events, with the most recent one taking place on May 11, 2020.In conclusion, November has been a historically significant month for the crypto industry, with several major events taking place that have impacted the market and the adoption of cryptocurrencies. As the industry continues to evolve, it will be interesting to see what new developments and milestones will occur in future Novembers.