The bear market – which many optimistically hoped would only span a few months – has swallowed the entire year, and with it, a string of cryptocurrency projects The latest casualty is ETCDEV, the development team for much of the software adopted by notable alt-coin Ethereum Classic. According to a recent post, the group simply does not have enough funds to continue building on the fledgling blockchain, and has officially closed its doors. This news comes just days after appealing to its community for potential donations. Unfortunately ETCDEV cannot continue to work in the current situation and has to announce shutdown of our…

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Blockchain startups forced to lay off staff to survive the bear market
Source: The Next Web