Today, it's only 1 month ago when Bitcoin hit $10,000 for the first time. It feels more like a year when you follow the Bitcoin price on a daily basis.
Welcome to my Cryptocurrencies Market Overview for Friday, December 29, 2017.
Realtime chart on my website CoinMarkets.today
Feel free to use and share my charts, but please mention me as the author.
Bitcoin appeared to find a bottom Friday, rebounding above $14,000 after moves by South Korea to curb speculation and protect retail customers sent the cryptocurrency sliding yesterday.
Read more: bloomberg.com
Bitcoin’s tumultuous December continued this week as the South Korean government expressed concerns at the lack of regulatory control over cryptocurrency exchanges.
Read more: cointelegraph.com
One of the longest-running cryptocurrency-only exchanges is taking steps to bring its customer registration processes in line with the wider industry. Announced on Dec. 27, U.S.-based exchange service Poloniex revealed it will soon disable all legacy accounts, that is unless these users complete the same verification process as its newer account users who must complete know-your-customer (KYC) due diligence. The exchange said a deadline for identification verification will be released within the first quarter of 2018.
Read more: coindesk.com
The new SegWit2x, a revival of the original hard fork designed to help with the scalability issues of Bitcoin, was scheduled to happen at Bitcoin block number 501451. That block was mined at around 6PM UTC, Dec. 28, and the team behind the project announced its official launch.
Read more: cointelegraph.com
Google recently released its list of the year's top trending topics and it may come as little surprise that "how to buy bitcoin" was one of the tasks people searched for most in 2017.
Read more: cnbc.com
Crypto can be an extraordinarily complicated arena, which probably explains why countries like Israel can’t seem to make up their minds about it. The nation recently announced it’s examining the possibilities of releasing a national cryptocurrency in the coming years, while at the same time, several regulators want bitcoin companies banned from the Tel Aviv stock exchange.
Read more: bitsonline.com
Bitcoin and universal basic income were two concepts of fierce debate within global business communities in 2017. Now, a bitcoin fund has announced that it has committed $5m (£3.7m) worth of the cryptocurrency to the charity behind a massive universal basic income experiment across parts of Kenya and Uganda.
Read more: independent.co.uk
Bitcoin might be all hype, but it could withstand a crash and become legitimate, particularly if it sees enough gains in 2018, according to tech investor Roger McNamee.
Read more: cnbc.com
Russia's western neighbor, Belarus, has officially recognized bitcoin, cryptocurrencies, their mining and initial coin offerings (ICOs), becoming one of the first countries in Europe to do so.
Read more: rt.com
India’s finance ministry has just issued a notice warning citizens about the risks of investing in cryptocurrencies, including Bitcoin.
Read more: cryptovest.com
The transaction fees on the Bitcoin network have skyrocketed to new all-time highs of over $30 in the past couple of months, which has led some to suggest that there could now be an opening for a cheaper, less congested alternative to the world’s most popular cryptocurrency.
Read more: forbes.com
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