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Bear Market Fallout; Civil Pivots

I hope you had a restorative Thanksgiving holiday, and that you were able to concentrate more on food and family rather than on the value of your crypto holdings. Bitcoin remains in a slump, hovering around $4,300 as of this afternoon, though it has recovered from its lows of a few days ago, when it traded at $3,600.

Still, there are signs that the market downturn might be taking a toll: Steemit, a decentralized social-media platform, has laid off 70% of its staff, citing the weak market. We could see this becoming a pattern in the coming weeks as crypto companies find themselves strapped for cash (or need the extra money to pay SEC fines, as I wrote last week).

Below, we have new details about Civil, the blockchain-based journalism startup whose ICO last month failed rather spectacularly. Plus, you will find takeaways from the Consensus: Invest crypto conference.

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