CRYPTO INSIDER: Ethereum clears $1,000

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Ethereum, now the third-largest cryptocurrency by market cap, has been on a tear in this first week of the year. The coin crossed the $1,000 mark early Friday morning before giving up some of its gains.

Here are the current standings:

• Bitcoin (BTC): $16,318.77 (+6.96%)
• Ripple (XRP): $2.512 (+11.05%)
• Ethereum (ETH): $987.33 (-8.17%)
• Bitcoin Cash (BCC): $2,424.50 (+3.17%)

What's happening:

• The iced tea company that pivoted to blockchain is selling $8.4 million worth of shares to buy bitcoin mining machines.
• Mark Zuckerberg says Facebook is looking into how it can use cryptocurrency.
• The SEC sent yet another stern warning about cryptocurrencies and ICO's on Thursday, saying investors should "exercise caution."
• Bitcoin is rising this morning, while Ripple's XRP is falling, possibly due to a very public spat between a New York Times reporter and Ripple CEO Brad Garlinghouse on Twitter.
• Finally, "the year of digital is upon us,"Greenwich Associates says. Bitcoin, political gridlock, and big data are set to transform markets in 2018.

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