At Least 340 UK Crypto or Blockchain Companies Ceased Operations in 2018, Report Finds

At least 340 cryptocurrency or blockchain companies were dissolved or liquidated this year in the United Kingdom (UK), British news outlet Sky News reported on Dec. 22.

UK crypto companies in 2018. Source: SkyNews

The aforementioned article also reports that last year, the number of companies in this industry that had been liquidated amounted to 139, nearly two and a half times less than this year. Moreover, 60 percent of the companies dissolved this year ceased activity between June and November.

According to the reported data, more than 200 of the now-dissolved companies “were incorporated with Companies House during 2017.” This year, according to the article, newly-registered crypto companies were growing slower than the number of dissolved businesses for the first time.

The data upon which Sky News reportedly based its article has been gathered from OpenCorporates, a website sharing data on corporate entities, and Companies House, the U.K.’s registrar of companies.

The current downward crypto market movement in 2018 has taken its toll on some of the biggest companies in the space as well.

Chinese crypto mining giant Bitmain reportedly closed its Israeli development center in mid-December, laying off 23 employees.

And ConsenSys, a global community made to create and promote blockchain infrastructure and decentralized applications (DApps) closely tied to the Ethereum (ETH) ecosystem, has laid off a substantial portion of its employees.

As Cointelegraph recently reported, the number of employees to be laid off could be anywhere between 50 and 60 percent of the total company’s workforce.

However, Joseph Lubin, the co-founder of Ethereum project and founder of Consensys, has pointed out that the company “remains healthy and is engaging in a rebalancing of priorities and activities which started about nine months ago.”

Also, as pointed out by a recent Cointelegraph analysis — even after the recent slump — a LinkedIn study has down blockchain developers are in high demand on the platform, becoming one of the fastest-growing emerging jobs in the United States.

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Coinbase Research: 42% of Top 50 Universities Offer at Least One Crypto-Related Class

A recent study by the U.S. crypto exchange Coinbase has shown that 42 percent of the world’s top 50 universities have at least one class on cryptocurrencies or blockchain. The results of the study were published on Coinbase’s official blog Tuesday, August 28.

The research was jointly conducted by Coinbase and survey company Qriously. Together they interviewed 675 U.S. college students and reviewed courses at 50 international universities.

Of the 172 classes reviewed in the study, 15 percent were offered by economics, finance, law and business departments, while 4 percent were in social science departments.

The study has found out that blockchain- and crypto-related courses are most popular in the U.S. Only five of the 18 universities reviewed that operate outside of the United States offer at least one class on these topics.

Blockchain-related courses enjoy the most popularity at the Stanford and Cornell universities – numbered 10 and 9 respectively. University of Pennsylvania and the National University of Singapore follow with their respective 6 and 5 courses.

Dawn Song, a computer science professor at Berkeley, told Coinbase that her course “Blockchain, Cryptoeconomics, and the Future of Technology, Business and Law” was extremely popular, and that instructors had to turn away more than 200 students because their classroom could only hold 70:

“Blockchain combines theory and practice and can lead to fundamental breakthroughs in many research areas. It can have really profound and broad-scale impacts on society in many different industries.”

Earlier in August, Cointelegraph reported that the Hong Kong University of Science and Technology Business School had received a $20 million blockchain research grant. Also in early August, Turkey established its first university-level blockchain research center to ensure wide deployment of the technology.

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