From any point of view, 2019 was a great year for crypto. First of all, Bitcoin, Ethereum and other core industry projects survived the bear market. The Ethereum ecosystem got a lot of adoption and traction with Defi and its decentralized financial instruments, such as reliable stablecoins, money markets, futures, options, DAO and many more. At least two digital currencies with a >1 bln user base each are on the track: China Central bank CBDC (digital Yuan) and Facebook’s Libra. Ethereum is on the long-awaited path to ETH 2.0 and PoS. The previously very specific token engineering discipline is getting more and more attention, first of all from academic, business and developer’s community. The largest financial companies in the world are developing blockchain solutions, engaging new and new market players to the blockchain industry.