Cryptocurrency has had a tremendous year and has exceeded above and beyond what anyone has dreamed. We look at some of the major moments for cryptocurrency during the last 12 months.

Ripple Overtakes Ethereum

Ripple ended the year with a bang as the cryptocurrency mounted a rebound on the final week of 2017.he market value of Ripple, also known as XRP, rose more than 50% on Friday, to a record $85bn.

During the surge, Ripple surpassed Ethereum, previously ranked as the No. 2 most highly valued crypto. The total Ether token market is currently worth about $72 billion.

Vladimir Putin Shows Interest In Ethereum

Vitalik Buterin attended the Economic Forum in St. Petersburg Russia and in attendance was the Russian President himself, Vladimir Putin.

Russia To Step In Where China Failed

According to Bloomberg, Buterin met with the Russian President on the sidelines and supported his plans to build contacts with local partners to implement blockchain technology in Russia.

JPMorgan CEO Calls Bitcoin A Fraud

At a investor conference, Jamie Dimon said if anyone at his bank was trading crypto:  “I would fire them in a second, for two reasons: It is against our rules and they are stupid, and both are dangerous.”

Dimon further went on to say that the crypto is useful to drug dealers, murderers and people in North Korea and Venezuela.

Bitcoin’s value has dropped 10% when Dimon slammed the cryptocurrency but the currency had been up over 300% since the start of the year.

China Does Full Stop On All New Tokens

China’s National Internet Finance Association issued a statement stating that all projects raising cash through virtual currencies or other cryptocurrencies are now banned.

The China ICO Problem Spreads Across Crypto Markets

The Chinese government went on to conclude that the purpose of these ICOs is to avoid this “securities law” and “disposal of illegal fund-raising regulations” and other constraints.

This news effected the entire crypto market. Bitcoin’s price fell almost 10% and Ethereum fell more than 15%.

Mainstream Media Jumps Aboard Crypto

Mainstream news coverage of Bitcoin and other dominant coins such as Ethereum has been rampant the past year. The Wall Street Journal has began covering Bitcoin prices on their front page alongside the Dow Jones and gold prices. This could be a sign of mainstream adoption for potential investor who now feel safe funding the technology.

Bitcoin Futures Open

The Chicago exchanges CME Group and CBOE Global Markets had been given a green light from the Commodity Futures Trading Commission.

The launch of futures on a regulated exchange is a important milestone for Bitcoin and other cryptocurrencies, whose surge this year has captivated everyone from mom-and-pop speculators to Wall Street trading firms. The contracts, should make it easier for mainstream investors to bet on the cryptocurrency’s price.

This is the first step toward mainstream investor adoption and could be the beginning of crypto becoming a key part of Wall Street’s portfolio.

Coinbase Begins Trading Bitcoin Cash

Coinbase added Bitcoin Cash, making it the fourth currency added to the popular cryptocurrency platform.

Shortly after trading opened, the price of bitcoin cash rocketed to $9,000, which is more than double than the day before. But four hours into Bitcoin Cash’s Coinbase debut, trading temporarily halted, leading to speculation that people were trading based on insider knowledge.

Join and receive our newsletter to get the latest news on Ethereum, Bitcoin, alternative cryptocurrency, decentralized applications, blockchain, and the future of finance in the internet. We provide the latest news, announcements, analysis, press releases, and up-to-date information on crypto developments.
We hate spam. Your email address will not be sold or shared with anyone else.