Koreans Deposited 64 Times More Fiat Into Crypto Exchanges in 2017 (news.bitcoin.com)

The South Korean government has for the first time obtained data of the total amount of fiat deposits made at cryptocurrency exchanges. At the end of last year, the amount of deposits was 64 times higher than in the previous year.
Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token


Record-breaking 2017 Brought Bitcoin, Altcoins Drastically Increased Mainstream Acceptance

Numerous major financial institutions have integrated support for Bitcoin, with elite investment banks like Goldman Sachs contemplating the creation of Bitcoin trading desks in 2018. The Chicago Board Options Exchange (Cboe) and CME Group, the two largest futures exchanges in the world, …
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Bitcoin's rise in 2017 stuns even the currency's most ardent backers

Even bitcoin's supporters were surprised by how far the cryptocurrency rose. Starting the year at about $ US970, it rose to nearly $ US20,000 by December, a gain of about 2000 per cent. That was punctuated by five sell-offs of at least 30 per cent, including a fierce sell-off last month that drove prices down …
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Here are the top 10 cryptoassets of 2017 (and bitcoin's 1000% rise doesn't even make the list)

Bitcoin's value grew by more than 1,000% in 2017, but that wasn't enough to even place it among the 10 best-performing cryptoassets of the year. In a breakout year for cryptocurrency trading, the biggest winners were Ripple, which is touted as a new kind of payment system for banks, along with less …
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r/Bitcoin recap – December 2017

Hi Bitcoiners!

I’m back with the twelfth monthly Bitcoin news recap. (Yes I'll keep doing these in 2018)

For those unfamiliar, each day I pick out the most popular/relevant/interesting stories in r/bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best), memeless overview of what happened in bitcoin over the past month.

You can find recaps of the previous months on Bitcoinsnippets.com

A recap of Bitcoin in December 2017

Thanks all for being part of the ride, it's been a great year for Bitcoin. Happy new year to you and I hope we can make 2018 even better!

submitted by /u/SamWouters
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