What happened in the world of crypto this week?

The Weekly Crypto Recap

https://s24.postimg.org/ywp360vo5/weekly_crypto.jpg

Bitcoin & Ethereum

Bitcoin crashes to $2150

The price of bitcoin topped $3,000 for the first time, then crashed going as low as $2150.

Most cryptocurrencies followed suit, reducing the global cryptocurrency market cap to below the $100 billion mark.

Since then, Bitcoin has recovered.

https://s24.postimg.org/r98402z05/btc.jpg

Ether reaches all-time high

Ether continues to surge at unprecedented rates, breaking previous records and setting new all-time highs constantly.

The continues upsurge is likely connected to the EEA organization, to the upcoming protocol changes (PoS, ZK-Snarks), and possibly do to the recent news about Vitalik Buterin meeting the President of Russia, Vladimir Putin.

The growing amount of ICOs and dApps being launched on Ethereum may also be a driving factor in the ETH rally.

https://s30.postimg.org/o8obp7t0h/eth.jpg

News of the week

In the near future the Russian Finance Ministry will finalize proposals for cryptocurrency regulation

[coindesk.com](http://www.coindesk.com/russia-likely-mandate-kyc-cryptocurrency-purchases/)

The U.S. Department of State has launched Blockchain@State, a working group created to “research applications of Blockchain or distributed ledger technologies in U.S. foreign policy”

[cryptocoinsnews.com](https://www.cryptocoinsnews.com/us-state-department-offers-blockchain-development-internship/)

BTC.com has announced a new feature addition to its Bitcoin wallet - its users can now purchase Bitcoin from within the application

[newsbtc.com](http://www.newsbtc.com/2017/06/11/btc-com-kraken-bitcoin-purchase/)

Bancor completes largest-ever initial coin offering (ICO), raising approximately $153m in Ether as part of a token crowdsale

[coindesk.com](http://www.coindesk.com/150-million-tim-draper-backed-bancor-completes-largest-ever-ico/)

Prominent cryptocurrency exchange Coinbase suffers major outage and went down for maintenance

[cryptocoinsnews.com](https://www.cryptocoinsnews.com/108351-2/)

Ethereum became the most searched for digital currency in the United States, rising above bitcoin for the first time ever

[trustnodes.com](http://www.trustnodes.com/2017/06/13/ethereum-google-searches-rise-bitcoin-first-time-ever)

IOTA token has record breaking launch on Bitfinex, hits $1.5 billion market cap

[cryptocoinsnews.com](https://www.cryptocoinsnews.com/iota-token-has-record-breaking-launch-on-bitfinex/)

Six individuals are wanted in connection with an investigation into OneCoin

[coindesk.com](http://www.coindesk.com/wanted-police-onecoin-promoters-india/)

Australia's opposition leader calls for Bitcoin scrutiny to mitigate the chance it could be used illicitly by terrorists and cybercriminals

[coindesk.com](http://www.coindesk.com/australian-politician-calls-bitcoin-scrutiny-fight-terrorism/)

The state of Illinois eases burden for cryptocurrency startups with new guidance

[coindesk.com](http://www.coindesk.com/illinois-eases-burden-cryptocurrency-startups-new-guidance/)

Dennis Rodman made another trip to North Korea wearing a Potcoin.com shirt and Potcoin saw a doubling in price in 24 hours of trading

[cryptocoinsnews.com](https://www.cryptocoinsnews.com/potcoin-sends-dennis-rodman-to-north-korea-doubles-price/)

The South Korean government is planning to auction 216 bitcoins, worth around $518,000, seized during a series of previous investigations into illicit financial activities

[cryptocoinsnews.com](https://www.cryptocoinsnews.com/south-korean-government-to-auction-off-518000-worth-of-bitcoin/)

Government supports the launch of new Chicago Blockchain Center (CBC)

[cointelegraph.com](https://cointelegraph.com/news/government-supports-the-launch-of-new-chicago-blockchain-center)

Biggest Gainers this week (# 1 - 50 Market Cap)

| # | Name | Symbol | Market Cap | Price | % 7d | :-------------: |:-------------:| :-----:| :-----: | :----: | :---: | 1 |https://files.coinmarketcap.com/static/img/coins/16x16/antshares.png AntShares |ANS |$195,789,500 |$3.92 |138.42% 2 |https://files.coinmarketcap.com/static/img/coins/16x16/bitcoindark.png BitcoinDark |BTCD |$130,849,156 |$101.52 |50.19% 3 |https://files.coinmarketcap.com/static/img/coins/16x16/litecoin.png Litecoin |LTC |$2,338,249,310 |$45.31 |40.82% 4 |https://files.coinmarketcap.com/static/img/coins/16x16/komodo.png Komodo |KMD |$226,315,796 |$2.24 |38.99% 5 |https://files.coinmarketcap.com/static/img/coins/16x16/iconomi.png Iconomi |ICN |$197,162,010 |$2.27 |19.19%

Biggest Losers this week (# 1 - 50 Market Cap)

| # | Name | Symbol | Market Cap | Price | % 7d | :-------------: |:-------------:| :-----:| :-----: | :----: | :---: | 1 |https://files.coinmarketcap.com/static/img/coins/16x16/mobilego.png MobileGo |MGO |$98,605,500 |$1.41 |-51.80% 2 |https://files.coinmarketcap.com/static/img/coins/16x16/round.png Round |ROUND |$86,892,100 |$0.102226 |-28.12% 3 |https://files.coinmarketcap.com/static/img/coins/16x16/aragon.png Aragon |ANT |$98,371,061 |$2.93 |-27.87% 4 |https://files.coinmarketcap.com/static/img/coins/16x16/decred.png Decred |DCR |$168,911,705 |$32.87 |-21.08% 5 |https://files.coinmarketcap.com/static/img/coins/16x16/ark.png Ark |ARK |$72,402,833 |$0.756863 |-20.44%

Sources: https://coinmarketcap.com https://www.cryptocompare.com http://www.coindesk.com https://www.cryptocoinsnews.com http://www.newsbtc.com http://www.trustnodes.com https://cointelegraph.com