Home / Ripple / Cryptocurrency Rundown 2018: the year in numbers and events

Cryptocurrency Rundown 2018: the year in numbers and events

The cryptocurrency market in 2018 has seen its fair share of ups and downs with events such as market waves, hacker exchanges and major developments on the networks that have made the whole picture. News from the cryptocurrency market also signaled that the digital goods world was slowly but surely transforming it into the mainstream realm.


The start of the year was a great time for Bitcoin, with cryptocurrency trading around $ 17,000. Janus' currency made a massive increase of 6370%.

In addition, Coincheck, a popular stock exchange in South Korea, has frozen its activities leading to an increase in the price of BTC. The decision was made because the platform lacked almost $ 700 million of digital assets.

On the positive side, bitFlyer a cryptographic exchange became the first regulated exchange in Japan, the United States and Europe. Mark Zuckerburg has led Facebook to ban all crypto-related ads, to protect the institution from scammers.


Brisbane Airport in Australia became the first airport to accept cryptocurrencies as a payment method, in collaboration with TravelbyBit. They announced that they would accept Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC] and Dash.

In the same month, China decided to ban all cryptocurrency media on social media platforms such as Baidu and Weibo.


March seemed like a productive month for the encrypted space, with positive updates that exceed the negatives. Coinbase launched the Coinbase Index Fund, to satisfy new customers, making Coinbase one of the first popular changes to do so.

Furthermore, Snapchat, led by Evan Spiegel, followed the steps taken by Facebook, Twitter and Google to ban all cryptocurrency and ICO advertising.


In April, cryptographic space gained institutional support from the International Monetary Fund when IMF chief Christine Lagarde explicitly stated that Bitcoin instruments could make the financial system safer. The head of the IMF also said that digital bags and currencies coexist.

He believes that a clear and correct approach can help to exploit financial gains and avoid pitfalls when describing the benefits associated with cryptocurrency resources.

Justin Sun revealed that Tron's testnet was finally alive. This was aimed at making the launch of the mainnet possible at a later date and will have the opportunity to migrate all the Tron projects into its blockchain, including the original ERC 20 tokens.


May started with the Japanese SBI which revealed its own cryptocurrency that could have traded Bitcoin, Ethereum and XRP. In addition, CZ & # 39; s Binance announced it had made a profit three times greater than Twitter, the first quarter of 2018.


Justin Sun, the founder of the Tron foundation, had acquired BitTorrent, making it the largest decentralized ecosystem in the world. However, there was no official confirmation from both organizations.

Steve Bannon, the former chief strategist of President Trump and one of President Trump's close allies, seemed to have ideas to launch his cryptocurrency and said it was "disruptive populism."


The month also Coinbase launches its first custody services for Bitcoin and other cryptocurrencies, with features such as online segregation of digital resources and offline private keys that are divided.

In addition, Brian Armstrong, the Coinbase CEO, also Forbes 40 under 40 list.


Ripple received a boost after the Japanese SBI completed the round of investments in clear market positions. The main objective was to enter the derivatives market for cryptocurrencies.

Ethereum has launched Ethereum 2.0 designed to be compatible with mobile phones and to spread the concept of the Internet of Things in a complete reality.


In addition to the president of Columbia announcing support for cryptocurrencies, he also invited cryptocurrency companies to his country.

Dogecoin, the meme-inspired cryptocurrency, has seen a massive wave of 121%, and some have speculated that the reason for this is the addition to a cryptographic exchange called Poloniex.


TransferGo, the platform for "fast and cheap money transfers", has announced the use of Ripple's Xcurrent technology, aimed at supporting transactions from Europe to India.

Tron also announced that Utorrent has exceeded 1 million active users.


The most popular Cash bitcoin Forex happened this month, with Bitcoin ABC led by Roger Ver and Jihan Wu, and Bitcoin SV led by Calvin Ayre and Craig Wright. While Bitcoin ABC had more blocks drawn, it was the winner.

Published this, there was a huge price drop with Bitcoin falling to $ 4,000.


In the last month of 2018, United Corp, an asset management company sued the Bitcoin ABC field, including Bitmain and Roger Ver, following Bitcoin Cash bitura fork. They claimed that ABC manipulated extraction during the rigid fork.

The market continues to be on the roller coaster, with the bullish wave that lists Bitcoin [BTC] above the $ 4000 mark. Bitcoin cash is up 150%, making it the largest gainer of crypto-chaos.

Subscribe to the AMBCrypto newsletter

Source link