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Hacks, tax, and forks the biggest drivers of crypto in Q1
The first quarter of 2018 was marked with continued protocol layer innovations, with heavy declines in prices across the board. Emerging and recurrent themes included transaction fees, microtransactions, increased fiat on-ramps, and regulatory changes. The Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) in the U.S., as well as Japan’s Financial Services Agency(FSA), made sweeping announcements or changes to the cryptocurrency milieu.
