2016: The Year Bitcoin Adoption Goes Mainstream?
If you do a Google search for “Bitcoin,” one of the top results is still the 2011 Wired article “The Rise and Fall of Bitcoin,” which focuses mostly on the then-falling price (it had dropped from almost $30 to under $5 in the months preceding publication). For most media pundits, the success or failure of Bitcoin is directly tied to the price of 1....
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In a Reuters article published today, bitcoin price is speculated to see a bullish spike in 2016 due to the upcoming halving of mining rewards, due to happen in July 2016. Bitcoin has had a memorable year. Wider adoption; increased trading; the Silk Road investigation with its corrupt agents and bitcoin auctions; a Russian Ponzi scheme operating in China; various economic factors in China; the recent 'unmasking' of Satoshi Nakamoto in the form of Craig Wright. Wall Street's fawning over blockchain technology while predictably ignoring bitcoin among other incidents have all been factors in....
2016 is shaping up to be a big year for Bitcoin – but of course that has been true of every year since the cryptocurrency’s creation. Bitcoin.com polled its team and asked this simple question: What does 2016 hold for Bitcoin? Here are our answers. The last seven years have seen all the ground work laid for Bitcoin adoption. Tens of thousands of....
CoinDesk's 2016 State of Bitcoin and Blockchain report summarizes key trends, data and events from 2015, details findings from our annual Thought Leader’s Survey and includes predictions on what to expect in 2016. This article highlights a few of the key findings from the report. The major story from 2015 is undoubtedly the increasing focus on bitcoin's underlying technology, commonly referred to as blockchain or distributed ledger technology (DLT). Many parties, from government authorities to financial institutions, began to examine potential applications of DLT for securities transaction....
Investment in Fintech companies has reached an all-time high with $8.2 billion invested in the second quarter of 2016, double the more than four billion invested in Q1 2016. Asia and, in particular, China, significantly lead, with $7.22 billion invested in Chinese Fintechs during 2016. In total, almost $23 billion has been invested worldwide over a yearly period, more than double the funding raised during the same period last year. In the latest sign that Fintech has far surpassed the tipping point in China and is now mainstream or on the verge of being mainstream, Ant Financial, an....
Bitcoin has been around for about 7 years now and its adoption is gradually picking up. But when we say that bitcoin adoption is picking up and lot of people are using it to make payments etc., we are actually referring to only a fraction of total world's population. We have been reading about forecasts that say "bitcoin is going mainstream", but how can we call that "going mainstream" when bitcoin adoption is less than a meagre 1 percent. READ MORE: Bitcoin Community to Hit 5 Million Mark by 2019. Is bitcoin ever going to be mainstream? Banks incorporating bitcoin technology for their....