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.
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
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.