Bitcoin Global Purchase Volume Doubles in 2015
Many are looking at recent Bitcoin price increases and are looking for a cause-and-effect. Scams by Russians in China, corporate capital investment at an all time high, and Chinese capital controls are commonly mentioned triggers. One highly probable factor is the simple increase in purchase volume worldwide, according to the Bitcoin sales tracking....
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In 2015, fintech entered the mainstream in the business world, doubling VC investment value in 2014 to over US$13.8 billion. Fintech is gaining momentum everywhere across North America, Asia and Europe. Globally in 2015, venture-capital-backed fintech companies raised $13.8 billion across 653 deals, compared to $6.7 billion across 587 deals in 2014. These statistics show the growing performance of fintech in recent years. The increase in deal volume is not as significant as the increase in deal value, indicating that average deal size has gone up dramatically compared to historical levels.....
A major tech firm is about to start using JPM Coin in global payments, as the investment bank doubles down on its blockchain business.
The year 2015 has ended and investors can now calculate the result of their investment activities. What has Bitcoin brought to us last year? On the first day on the year 2015, January 01, 2015, the price of Bitcoin moved to the level of $313, which is 59.35% less than a year before that, on January 01, 2014, when the price was $770. During the first two weeks of 2015 the price of Bitcoin dropped sharply to $177. The price then rose gradually to $250 in September and had moved to another top of $300 by the end of October. The maximum price in 2015 we saw in December 2015, when the Bitcoin....
The recent levelling out of bitcoin's price volatility might be good news for everyday bitcoin users, but could it send a bunch of exchanges off the cliff? CoinDesk recently spoke to the CEO of a company whose fortune depends on the health of bitcoin exchanges. In the off-record conversation, the exec had something disturbing to say: bitcoin's falling volatility is causing problems for exchanges, which rely on volatility for trading volume. Without trading volume, their revenues will fall, leading to a shakeout in 2015. That's scary stuff, but does it hold up? Let's start with the link....
First Global Credit believes that with the increasing acceptability of Bitcoin, this virtual currency is sure to dominate the market during the upcoming days. In a press release, the company has highlighted, that despite the interest of big banks in only the technology behind Bitcoin, blockchain, this digital currency has enough strength to stand on its own merit as the careful study of the market reveals. In the support of its argument, the First Global Credit stated that Bitcoin/USD price has risen around 35% in October 2015. First Global Credit also achieved a rare feat, as the trading....