2017' Archives -
The global chemical weapons watchdog says the nerve agent sarin and toxic chemical chlorine were “very likely” used as weapons in two attacks in central Syria in late March 2017.
In our latest historic snapshot analysis, we look at the performance of the top ten cryptocurrency markets since May 28th, 2017. Despite suffering heavy losses during 2018, the average price gain of the top ten markets has been 170% when compared with prices from 12 months ago, with only one of the then leading markets trading at a lower price today.
BTC and ETH up Approximately 240% in 12 Months
With the price of bitcoin trading for approximately $ 7,345 USD as of this writing, the value of BTC has almost tripled since last year.
Then trading for $ 2,173 according to Coinmarketcap, bitcoin had a total market capitalization of $ 35.5 billion on the 28th of May, 2017 – approximately one-quarter of today’s capitalization of $ 125 billion.
During late May last year, Ethereum was in the early stages of a parabolic bull-run that by mid-June would prices up to approximately $ 400.
After having broken above $ 100 for the first time just a few weeks earlier, ETH was trading for $ 171.55 and had a market capitalization of $ 15.78 billion at the time of the snapshot. ETH’s price has since increased by 242% – with the markets trading at approximately $ 586.80. Ethereum has remained the second largest cryptocurrency by total capitalization – currently boasting a market cap of roughly $ 58.5 billion.
Mixed Performances Among Top Altcoin Markets Of May 2017
Like today, XRP was the third largest cryptocurrency by market cap on the 28th of May last year, with a total capitalization of $ 8.8 billion. As of this writing, Ripple has a market cap of roughly $ 23.75 billion, with the price of XRP having gained 162.75% from $ 0.231 to $ 0.606.
With a total market cap of nearly $ 2 billion, XEM was the fourth largest market by capitalization at the time of the snapshot. Since then, XEM’s market cap has grown modestly, with XEM’s current capitalization of $ 2.327 billion making it the fifteenth largest crypto market. The price of XEM has increased by just 20.75% since last year, gaining from $ 0.214 to $ 0.258.
Ethereum Classic is the only top ten cryptocurrency market from May 28th, 2017 to be trading at a lower price today – with ETC having fallen approximately 10% from $ 16.95 to $ 15.28. The total capitalization of Ethereum Classic has also shrunk when compared against last year, with the then fifth largest cryptocurrency market by capitalization now ranked seventeenth with approximately $ 1.557 billion – down from 1.559 billion last year.
LTC Produces Highest Percentage Gains of Top Ten Crypto Markets
Of the then ten largest cryptocurrency markets by capitalization, Litecoin has seen the largest percentage price gains since 12 months ago, with LTC’s current price of approximately $ 118 comprising a 365% increase from $ 25.38 – which was posted at the time of the snapshot.
Today, as with a year ago, Litecoin is the sixth largest crypto market by market cap. The total capitalization of the LTC markets has grown from $ 1.3 billion 12 months ago to nearly $ 6.7 billion today.
DASH, XMR, BCN, and GNT Slide from Top Ten Rankings by Market Cap
Of the highest ranked markets by capitalization from the 28th of May, 2017, only BTC, ETH, XRP, and LTC have retained their position in the top ten – all of which are ranked the same today as they were one year ago.
The then seventh-ranked cryptocurrency by market cap, DASH, now sits at thirteenth – with the total capitalization of DASH having grown from nearly $ 810 million to roughly $ 2.585 billion today. The price of DASH has grown by nearly 190% in 12 months, with DASH gaining from $ 110.5 to $ 319 today.
On the 28th of May, 2017, Monero was the eight largest crypto market by capitalization with a market cap of $ 535 million. Today, Monero is ranked 12th with a total capitalization of $ 2.6 billion. XMR is the second best performing top ten crypto market since May 2017, with the current price of approximately $ 162 comprising a 340% increase from $ 36.86.
12 months ago, Bytecoin was the ninth largest cryptocurrency by market cap with approximately $ 480 million. The BCN markets have since moved to 19th position, with a total capitalization of $ 1.175 billion today. Despite the price of BCN having nearly halved in the last two weeks, BCN is currently trading 142.5% higher than it was a year ago – gaining from $ 0.002634 on the 28th of May, 2017 to $ 0.006385 today.
Golem was the tenth largest cryptocurrency by market capitalization 12 months ago with a total capitalization of roughly $ 360.5 million. Since then, the total capitalization of the GNT markets has shrunk to approximately $ 384.3, making Golem the forty-seventh largest cryptocurrency by market cap. The price of GNT has increased by just 5.3%, gaining from 0.437008 to 0.460301.
Are you still holding cryptocurrencies you purchased last year? Share your experiences in the comments section below!
Images courtesy of Shutterstock, Trading View
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The post Despite 2018 Bear Trend, Top Ten Crypto Markets of 2017 Gain Average of 170% in 12 Months appeared first on Bitcoin News.
Emma and Liam were the most frequently chosen baby names for 2017. For the fourth year in a row, Emma was the top girl’s name, according to the annual list of the most popular baby names released by the Social Security Administration on Friday, the AP reports. Liam pushed last…
After climbing for much of the past two decades, Chinese investment into the U.S. dropped by 36% last year as Beijing imposed capital controls and Washington increased scrutiny of incoming deals.
WSJ.com: What’s News Asia
After steadily increasing throughout 2017, searches for crypto jobs have failed to sustain and even reversed course. It seems that a lack in daily all time price highs this year has pushed out not just “weak hands” speculators but some of those dreaming of a bitcoin career as well.
Interest in Crypto Careers has Peaked
Many people’s desire for bitcoin and cryptocurrency jobs has apparently fallen sharply ever since the markets have turned sour, this according to figures released recently by the dedicated search engine for job listings Indeed.
According to the data, searches for “bitcoin” peaked at 39 searches per million on Indeed in the week ending December 14. And that same week searches for “cryptocurrency” peaked at 46 searches per million. But starting in mid-December both began to fall. From mid-December through March 15, searches for “bitcoin” have declined 76% and “cryptocurrency” by 41% (see chart below for details).
Interest in “Blockchain” Jobs Hangs On
While searches for the terms “bitcoin” and “cryptocurrency” have cooled down considerably, “Blockchain” interest remains relatively high. At 47 searches per million, interest in blockchain jobs is only down slightly from its recent peak in late-February, but remains essentially unchanged during the three month period to March 15. Andrew Flowers, an Economist at the Indeed Hiring Lab, speculated that: “The sustained interest in blockchain jobs is perhaps a sign that job seekers believe non-financial companies will pursue blockchain applications, even if financial companies see cryptocurrencies as a fad. Rightly or wrongly, blockchain is seen by job seekers as a viable innovation whether or not bitcoin and other cryptocurrencies are.”
Data released earlier this year showed that employers want to explore developing capabilities derived from the technology behind bitcoin, and thus most vacancies look for people with relevant tech skills. The top ten related roles on the site, by descending order, were: Developer, Recruiter, Software Engineer, Director IT Digital Strategy & Innovation, Java Developer, C# Developer, Senior QA Engineer, Solution & Proposition Architect, Senior Developer, and lastly Project Manager.
What advice would you give those who want to have bitcoin-related careers? Is this a good time to enter the business? Tell us in the comments section below.
Images courtesy of Shutterstock, Indeed.
The post Interest in Bitcoin and Cryptocurrency Jobs Peaked in December 2017 appeared first on Bitcoin News.
Huawei Technology Ltd., the Chinese smartphone and telecom equipment maker, says its 2017 profit rose 28.1 percent, boosted by strong sales for its enterprise and consumer units.
The chief executives of America’s biggest companies are on track for another banner year of compensation. Median pay for the chief executives of 133 of the largest U.S. companies reached an all-time high of $ 11.6 million in 2017.
WSJ.com: US Business
The Australian Competition & Consumer Commission (ACCC) has revealed that it received more than 1,200 complaints relating to cryptocurrencies via its ‘Scamwatch’ portal during 2017. In light of the number of complaints, the Australian Securities and Investments Commission (ASIC) has issued a warning to potential investors outlining the risks associated with cryptocurrency investment.
Australia’s Consumer Watchdog Received 1,289 Complaints Relating to Cryptocurrencies Last Year
The Australian Broadcasting Corporation has reported that data obtained from the ACCC indicates that Australian citizens’ losses to cryptocurrency scams totaled $ 1,218,206 AUD ($ 955,000 USD approximately) for 2017. The number of complaints received last year has prompted Australia’s corporate regulator, ASIC, to issue a warning to potential cryptocurrency investors.
John Price, the ASIC commissioner, recently described cryptocurrencies as “quite speculative products [that] can be quite high-risk. It’s been quite well documented that some of these products are scams, so please don’t invest unless you’re prepared to lose some or all of your money.”
Increasing Regulation of Australia’s Cryptocurrency Sector
From April onward, Australian businesses providing cryptocurrency exchange services will be required to register with AUSTRAC, Australia’s financial intelligence agency, and report information regarding the transactions of their customers.
Under the new legislation, it will be illegal for an “unregistered person” to provide virtual currency exchange services. “Businesses that trade digital currencies for money, and vice versa, will be required to enroll and register with AUSTRAC,” Justice Minister Michael Keenan said in August 2017 during a parliamentary speech regarding the then regulatory proposals.
Angus Taylor, Australia’s new federal minister for cyber security, recently praised the new legislation, stating “We’ve had a lot of cooperation from the cryptocurrencies because they know they need to be legitimate, they know they need to be part of our financial system, and they know they don’t want to be facilitating illegal and criminal activity.”
“We’ve acted early, we’ve acted much earlier than many other countries around the world,” Mr. Taylor added. “Obviously cryptocurrencies are growing, and it’s appropriate that the Government establish a regulatory framework with a particular focus on criminal activity.”
Do you think that cryptocurrency scams warrant further regulatory intervention, or should the onus be placed on investors to conduct proper due diligence? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, Wikipedia
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The post Australia’s Consumer Watchdog Received 1289 Crypto Complaints in 2017 appeared first on Bitcoin News.
New data from the UK shows that interest in crypto careers more than doubled in December 2017 when the all time high Bitcoin price record dominated headlines. The average salary for roles requiring “Blockchain” expertise ranges from £30,117 per year for a Research Analyst to £67,209 per year for a Software Architect.
Interest in Crypto Careers is Surging
The massive rise in the price of bitcoin last year has inspired droves of people in the UK to look for new careers in the crypto sector, this according to figures released today by the dedicated search engine for job listings, Indeed.
The company says that its data reveals that at the start of 2017 there was “an acute talent mismatch”, with vacancies outnumbering candidates four to one. However by the end of the year the number of those searching for roles had increased 10-fold. During the same period, the number of available jobs tripled, meaning that by December the talent gap narrowed.
The greatest spike came in December, when bitcoin’s value in GBP soared past £13,000. In December the number of job seekers looking for bitcoin careers was more than double that seen in November 2017, the company explains.
Most Wanted Skills
The data shows that a growing number of employers want to explore developing capabilities derived from the technology behind bitcoin, and thus most vacancies are for people with tech skills. The top ten related roles on the site right now, by descending order, are: Developer, Recruiter, Software Engineer, Director IT Digital Strategy & Innovation, Java Developer, C# Developer, Senior QA Engineer, Solution & Proposition Architect, Senior Developer, and lastly Project Manager.
Bill Richards, UK Managing Director at Indeed, commented: “Bitcoin was designed to be a secure and anonymous way of paying for things and for some its rocketing value is a sideshow. Nevertheless its stellar rise has turned Blockchain – the technology that powers it – into a tech pin-up for ambitious jobseekers. Hundreds of companies are now investing in staff and skills in an effort to develop new applications for Blockchain.”
‘‘While the number of opportunities and searches remains modest, Indeed’s data shows companies are increasingly seeking experts to focus on this new technology – and jobseekers have been quick to react. It is worth noting that these are specialised roles and they can be hard to fill. However, Blockchain is a field that is certainly worth watching as both jobseekers and employers seize the opportunity to capitalise on its potential, he added’’
This news shouldn’t be that surprising for anyone closely following the market. Back in October 2017 it was revealed that bitcoin-related jobs are the fastest growing category of role on international employment marketplace for freelancers.
What advice would you give those who want to have bitcoin-related careers? Tell us in the comments section below.
Images courtesy of Shutterstock, Indeed.
The post Number of People Looking for Crypto-Careers Increased 10-Fold in 2017 appeared first on Bitcoin News.