Bitcoin's Steep Rise is a Setback to Wider Adoption
As one of the few financial services professionals in the United States currently both accepting Bitcoin and willing to work with it (and the only licensed accounting firm of which I am aware), I make it my business to regularly monitor Bitcoin related chatter, usually on Twitter. I recently came across an excited Bitcoin advocate who tweeted: "Price of....
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The tone of a lot of financial players has shifted from borderline ignorant to showing an appetite for innovation. Over the past few months, it has become apparent that Bitcoin is here to stay. Even though 2016 started off on a weak note for bitcoin, its steady rise in the latter half of the year has only further consolidated its status as a reliable asset. Bitcoin not only managed to recover from the Bitfinex hack this year but also attained stability and demand. The steep rise in Bitcoin value has dispelled any notions about a decline in interest in the face of scalability and governance....
Gorillas love Bitcoin. You should, too. As bitcoin adoption increases, so does the value. However, despite the massive number of companies and individuals transacting with bitcoins, it's still not a household name. How can you help to increase the value of a bitcoin by using your influence? I'll show you five ways you may not be aware of that will increase bitcoin adoption. It's not as hard as you might think, and it could even be fun and liberating. Bitcoin Adoption Strategies. Bitcoin Adoption Strategy #1. If you own a company, try to get your employees interested in Bitcoin and allow....
Venture capital cannot just stick to its existing structures and processes if it wants to remain relevant in the new Web 3.0 era. We have seen a steep adoption of crypto-based systems this year, including decentralized finance (DeFi) applications, nonfungible tokens (NFTs) such as digital art, crypto-centric gaming, and increased adoption of cryptocurrencies as investment and payment tools. One of the more recent developments is the emergence of decentralized autonomous organizations (DAOs).DAOs have existed since 2016, when The DAO organization, a new form of investment vehicle that....
On-chain data shows Bitcoin exchange inflows have continued their recent sharp rise as the price of the crypto drops further. 7-Day MA Bitcoin Exchange Inflow Continues To Point Up As pointed out by an analyst in a CryptoQuant post, BTC inflows are steeply rising as the selloff in the market rages on. The “exchange inflow” […]
Russian president Vladimir Putin has stated that use of Bitcoin “as some kind of unit in some account” is “possible” in a surprisingly supportive gesture towards the currency. The remarks were made during a televised forum and constitute the first official utterances from Putin regarding digital currency, Russian news portal RIA Novosti reports. Speaking about Bitcoin specifically, Putin said: “[… ][A]s an accounting unit, these 'coins' or whatever are they called, they can be used, and their adoption becomes wider and wider. As some kind of unit in some account, probably, it's possible.”....