Dec2017 bitcoin news
Here are some notable Bitcoin news stories from December 2017:
- Bitcoin Surpasses $15,000: On December 4, 2017, Bitcoin's price surged past $15,000 for the first time, reaching a new all-time high. This marked a significant milestone for the cryptocurrency, which had been on a tear throughout the year.
- CBOE Launches Bitcoin Futures: On December 10, 2017, the Chicago Board Options Exchange (CBOE) launched its Bitcoin futures contract, allowing institutional investors to bet on the cryptocurrency's price. This marked a major milestone for Bitcoin's mainstream acceptance.
- SEC Delays Decision on Bitcoin ETF: On December 15, 2017, the US Securities and Exchange Commission (SEC) delayed its decision on the Winklevoss Bitcoin Trust ETF, a proposed exchange-traded fund that would track the price of Bitcoin. The delay was seen as a setback for Bitcoin's hopes of gaining greater mainstream acceptance.
- Bitcoin's Market Capitalization Surpasses $300 Billion: On December 17, 2017, Bitcoin's market capitalization surpassed $300 billion, making it one of the largest financial assets in the world.
- South Korea Cracks Down on Cryptocurrency Trading: On December 20, 2017, South Korea's government announced plans to crack down on cryptocurrency trading, citing concerns over market manipulation and money laundering. This move was seen as a major blow to Bitcoin's popularity in the country.
- Bitcoin's Price Drops Below $12,000: On December 22, 2017, Bitcoin's price dropped below $12,000 for the first time in weeks, marking a significant correction from its all-time high.
- Bitcoin's Hash Rate Reaches New High: On December 28, 2017, Bitcoin's hash rate, a measure of the network's computational power, reached a new high, indicating a surge in mining activity.
These are just a few of the many news stories that made headlines in December 2017. It was a wild and eventful month for Bitcoin, with the cryptocurrency's price and popularity reaching new heights.