2017 is a special year of bitcoin with incredible momentum and widespread coverage around the globe.
Bitcoin became one of the 30 most valuable coins in the world
2017 is gradually closing with the growth of 4 digits of bitcoin. In just 12 months, bitcoin broke all the limits in the financial market.
In November, bitcoin officially surpassed the $ 10,000 mark and became one of the 30 largest currencies in the world.
According to Coinmarketcap, the current bitcoin value is $ 15,076 at market capitalization of $ 252 billion.
The intervention of the authorities
As capital inflows into the stockpile increased, regulators began to take corrective measures. In August, the market blew up rumors that the US Congress was preparing to submit a bill on the number of dollars and other countries in turn had similar actions. In September, Beijing undertook a review of the currency market, causing a series of major bitcoins in China to close.
In November, a federal judge set a precedent for Coinbase. After a lengthy legal battle, the San Francisco court ruled that Coinbase must provide buyer account information, send or receive funds of $ 20,000 or more between 2013 and 2015.
For many, one of the greatest attractions of that number is that transactions are conducted secretly. However, it is clear that the authorities are gradually preventing that from happening.
JPMorgan CEO calls bitcoin a scam
Numbers can be a big threat to the current financial system, so it's not too surprising that some big banks are criticizing bitcoin. In September, JPMorgan CEO Jamie Dimon announced he would sack any tradespeople working for him to invest in bitcoin.
However, JPMorgan seems to be interested in bitcoin. Last month, the bank considered the possibility of providing future transaction services on CME to customers.
Bitcoin Classic stopped working
Bitcoin Classic is a bitcoin duplication coin generated during the second split in order to increase the transaction speed. However, as long as bitcoin classic has not existed yet. Developers say the reason for this decision is because bitcoin cash will grow strongly over the next six months.
While some argue that fragmentation dilutes the digital market, others insist that the process is the key to keeping the number one position for bitcoin. Separation allows developers to introduce new features without affecting the entire legacy protocol of bitcoin.
Impact on the environment
Not only does it have a major impact on the global economy, the amount of money that is causing the environmental damage caused by the computer system used to dig a bitcoin consumes a tremendous amount of electricity. In November, Forbes conducted a survey and found that the total amount of electricity used to dig a bitcoin was greater than the electricity used in 159 countries around the world combined.
