Wishesh magazine january 2018 Wishesh magazine january 2018 | Page 45

serious as an asset class and
started to do some serious
work on how they can begin
investing in [bitcoin]
Additional interest in
the space also comes
thanks to blockchain and
cryptocurrency regulations
making news stories this
year. Japan, for instance, is
the leader in this category
with 11 regulated bitcoin
exchanges that control over
60 percent of the market.
China, on the other hand, has
otherwise  called for a ban of
the sale of cryptocurrencies
and tokens altogether,
which was announced in
September and officially
in effect by November.
According to Forbes, despite
the cryptocurrency token and
sale ban, Chinese regulators
would continue using
blockchain technologies.
In the US, the Securities
Exchange Commission
(SEC)  released a statement
in July indicating that ICOs
and digital currencies would
officially become subject to
federal law.
without having to go through
a bank.
Bitcoin trends 2017: the
bitcoin cash and the bitcoin
gold split “If you’re interested in
transacting with crypto–
ending crypto back and forth,
paying people with it, using a
debit card attached to it–then
bitcoin cash is a better way to
go,” Mondrus explained
David Mondrus, CEO of
Trive, told that the rise of
bitcoin’s success in 2017 is
so much more than its price. Bitcoin trends
2017: investor
takeaway
“The price is nice, and it’s a
reflection of our success, but
really the focus is on change
in the world,” he said.
With bitcoin forking  into
bitcoin cash in August and
then the bitcoin gold fork
in November, the digital
currency has evolved in
ways to include additional
investment opportunities
or ways of making online
purchases or money transfers
In short, it’s clear to see that
2017 was a transformative
year for the digital currency,
and that it’s become so
much more than just a virtual
token. 2018 will prove to
be an interesting year for
the cryptocurrecy as more
regulations come into play
and as bitcoin futures and
potential ETFs make their
mark in the coming year.
JANUARY 2018 | WWW.WISHESH.COM