Top 10 Cryptocurrency Events in 2016: Cryptocurrency Investments Received High Attention

Looking back at the whole year of 2016, many memorable events happened in the digital currency market: Bitcoin rose from 2,759 yuan at the beginning of the year to nearly 7,000 yuan; central banks of various countries began to open up to digital currency supervision; Tiktok continued to rise and attracted attention; the Central Bank Digital Currency Research Institute was officially established... It is no exaggeration to say that the best era for digital currency investment has arrived.

1. Bitcoin appears the biggest crazy keyword in 2016: Bitcoin rises

The price of Bitcoin has entered a new round of skyrocketing. On December 30, the highest price of Bitcoin reached RMB 6,930, and on the 29th, it reached RMB 6,990. The increase in 10 days exceeded 25%, approaching the RMB 7,000 mark, which has become the highest price in the past three years. Among them, the transaction volume of Bitcoin in the Chinese market accounts for more than 90% of the world. The transaction price denominated in RMB has even reached RMB 6,900, which has already exceeded US$1,000, and the increase this year has exceeded 200%.

2. Tiktok is popular among investors. Keywords: Tiktok enters China

While the crazy rise of Bitcoin has attracted attention, TikCoin has also quietly become popular among investors. Since TikCoin entered China in October 2015, after a year of development, TikCoin has become one of the digital currencies that has attracted much attention from investors. TikCoin was developed by the TikCoin Research Laboratory in the Cayman Islands and is based on the fourth-generation digital currency encryption technology. Compared with other digital currencies, it has overcome many of the defects of other digital currencies, has made significant improvements in security, and has achieved complete "anonymity" + "landing". In the past year, TikCoin's increase in the domestic trading market has reached 400%, more than twice that of Bitcoin.

3. The central bank will issue a digital currency prototype Keywords: central bank digital currency

After Tiktok entered China, the People's Bank of China held a digital currency seminar in Beijing at the beginning of this year. The meeting called for the early launch of the blockchain digital currency issued by the central bank. Later, when the central bank governor Zhou Xiaochuan was interviewed by the media, he said: Digital currency is the future trend of currency development. In the future, digital currency will replace paper currency! At the end of 2016, according to reliable information, the central bank's digital currency research has achieved phased results, and the prototype system Demo of the central bank's legal digital currency is expected to be launched after the Spring Festival. This is another major breakthrough after the central bank took a series of measures to continuously promote the implementation of the central bank's digital currency.

4. Steam accepts Bitcoin Keywords: Gamers

On April 28, a piece of news that excited hardcore game fans came out: the famous game platform Steam accepts Bitcoin and TIK currency payments. There are more than 9,000 games on Steam, covering 237 countries and regions around the world, with more than 89 million users. After that, Banluck Games also officially announced that it would accept TIK currency recharges and payments, and players around the world can use TIK currency to purchase games.

5. Digital currency enters the era of large-scale commercial application Keywords: digital currency settlement

As more and more netizens, media and enterprises pay more attention to it, many enterprises, especially Chinese enterprises, accept the use of TikCoin. At present, TikCoin can be used to purchase products and services in enterprises such as Ruida Group, Kanglifang 426 chain stores, and Microcar Alliance in mainland China and Hong Kong. Abroad, TikCoin can be directly used for settlement in Southeast Asian gaming industry, purchasing Cambodian agricultural products and land, and major online game companies in the world.

6. IBM expands blockchain, announces blockchain service suite and strategy Keywords: IBM blockchain

IBM is almost the most active corporate giant in the blockchain field. The world's fourth largest software producer and third largest server manufacturer in 2016 has set its sights on the blockchain, a future capital market, and announced that they have proposed a blockchain strategy to provide their cloud service solutions. As the year progressed, IBM continued to announce new collaborations and strategic initiatives, namely, joining the blockchain strategy as a company and as a leading member of the Hyperledger project.

7. Brexit causes a surge in digital currencies Keywords: Brexit

On June 25, the UK successfully left the EU. Influenced by this news, many digital currencies have soared to varying degrees, among which the price of Bitcoin has soared from RMB 3,480 to RMB 4,748. The public's concerns about the European economy can be said to be the most influential factor, which also indirectly reflects that digital currencies play an important role in preventing risks. With the rise of blockchain investment, digital currencies will continue to attract attention.

8. The Bank of Japan and the European Central Bank jointly study blockchain technology Keywords: Blockchain research

The Bank of Japan issued a statement that the payment and settlement department of the Bank of Japan will work with the European Central Bank to study the potential use of blockchain technology. Some experts believe that this means that international heavyweight financial institutions are fully seizing the initiative in this field. As soon as the news came out, the market of new digital currencies led by Tiktok was favored by many investors, including mining machine leasing, digital currency acquisition, resale and other transactions were extremely popular.

9. The Indian government abolished banknotes and embraced electronic money. Keywords: India abolished banknotes

On November 8, Indian Prime Minister Narendra Modi announced the abolition of 500-rupee and 1,000-rupee notes, equivalent to about $7.5 and $15, respectively. Subsequently, the "banknote abolition" rule has undergone a series of changes. The reasons for implementing this policy are also constantly changing. When the "banknote abolition" was first announced, Modi emphasized that it was mainly to cut off the source of funding for terrorism. Later, he emphasized that the move was to encourage Indians to use digital payments more.

10. Philippine government regulatory policy establishes legal status of cryptocurrency Keywords: digital currency regulation

As digital currencies become increasingly popular in the remittance sector, the Philippine government will draft new regulatory policies for them. The deputy governor of the Central Bank of the Philippines publicly stated in late December that the introduction of digital currency regulatory policies will provide a protection framework for the interests of cryptocurrency users and platforms, which will have a positive impact on this ecosystem. Industry insiders said that the introduction of this policy will implant legitimacy into cryptocurrency-based operations, increase the public's use of digital currencies, and establish the legal status of cryptocurrency in the Philippines. (China Investment Network)