Bitcoin: The Original Cryptocurrency

A Look Back at March 2018

A Wild Month for the Global Cryptocurrency Community

Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. March 2018 was a wild month for the global cryptocurrency community, with the price of Bitcoin reaching a high of over $12,000 USD. Here's a look back at some of the news that topped headlines in March 2018.

On March 7th, the SEC announced that it was investigating the initial coin offerings (ICOs) of two cryptocurrency companies, Paragon Coin and Airbitz. The SEC's investigation sent shockwaves through the cryptocurrency community and led to a sell-off in the price of Bitcoin.

On March 14th, the Japanese Financial Services Agency (FSA) released a report on cryptocurrency regulation. The FSA's report clarified the regulatory framework for cryptocurrencies in Japan and provided some much-needed guidance for cryptocurrency businesses operating in the country.

On March 22nd, the Cboe Global Markets and the CME Group launched Bitcoin futures contracts. The launch of Bitcoin futures contracts gave institutional investors a way to gain exposure to the cryptocurrency without having to buy and hold the underlying asset.

March 2018 was a wild month for the global cryptocurrency community. The price of Bitcoin reached a high of over $12,000 USD, but also experienced a significant sell-off following the SEC's investigation into ICOs. The FSA's report on cryptocurrency regulation in Japan and the launch of Bitcoin futures contracts were also major news events in March 2018.