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Forbes has released its first ever list of richest people in cryptocurrency, which is topped by Ripple co-founder Chris Larsen, with an estimated crypto net worth of USD 7.5-8 billion.

There is a huge spike in the value of the unregulated cryptocurrencies, which are 'mined' using secret algorithms based on the blockchain technologies.

According to Forbes, the average 2017 price change of Bitcoin, Ethereum and XRP, three of the most common cryptocurrencies, is a whopping 14,409 per cent.