Wedbush Analysts: VC Funding in Bitcoin Doubled in Under Three Months
Wedbush Securities has issued a new report on bitcoin, concluding that its recent boost in VC funding could unleash its disruptive potential in the long run. The report, titled 'Timing and Sizing the Era of Bitcoin', examines emerging opportunities for bitcoin and its potential effects on various industries. Wedbush analysts Gil Luria and Aaron Turner believe bitcoin could have a profound effect on trust-based markets, payments markets and a range of other industries, including the Internet of Things (IoT). The analysts think the disruption from bitcoin will take longer than expected, but....
Related News
Wedbush Securities, a very large investment banking and brokerage firms is looking to hire a Bitcoin director to oversee all aspects of Bitcoin transactions within the firm. According to the Wedbush website, the position opening went live on January 8th 2015 and Wedbush seek to fill the position as soon as possible. After acquiring holdings in the Buttercoin Bitcoin exchange last year, Wedbush Securities wish to further expand their reach as well as continue to look into the technology for the future. Also read: Wedbush Securities Acquires Holdings in Buttercoin Bitcoin Exchange Service.....
A new report released by Wedbush Securities on 14th February has found that bitcoin's most recent price decline in the wake of ongoing operational issues at major bitcoin exchanges is actually a sign that the ecosystem is stabilizing. Entitled 'Bitcoin: Watch the Innovation, Not the Price', the 16-page report suggests that six months ago, the consequences of such instability would have been far worse for the industry. Wedbush explained: "As a sign of price stabilization we would point out that Bitcoin has declined less than 15% in the face of its biggest and oldest exchange being crippled....
Noted investment services provider and research firm Wedbush Securities has announced its first investment in the bitcoin ecosystem, contributing an undisclosed sum to newly launched US bitcoin marketplace Buttercoin. One of the more vocal research institutions on the subject of bitcoin globally, Wedbush has long been bullish on digital currency while largely refraining from issuing any direct financial support to the ecosystem. Buttercoin CEO Cedric Dahl framed the funding as proof that institutional players on Wall Street are increasingly interested in supporting the bitcoin ecosystem,....
Wedbush Securities, a leading financial service provider, has announced a relationship with Bitcoin trading platform, Buttercoin. This relationship will extend the company's reach into the sphere of cryptocurrency technology. The investment amount made by Wedbush Securities is undisclosed. Buttercoin's platform allows users a fast, easy, and safe way to trade Bitcoin. Also read: Mozilla Firefox Internet Browser Doubles-Down on Internet Privacy by Partnering With Tor Project. Wedbush Continues Leading Finance Firms Into Bitcoin. Sheri Kaiserman, Head of Equities at Wedbush Securities told....
J. P. Morgan may be highly skeptical about the prospects for bitcoin, but at least one financial research firm is behind the virtual currency. Institutional brokerage Wedbush Securities has become the first to accept bitcoin payments in the US. Los Angeles-based Wedbush has thus far published two reports on bitcoin through its Wedbush Equity Research operation. At the start of December, it released "Bitcoin: Intrinsic Value As Conduit For Disruptive Payment Network Technology". It followed this up with "Digitizing Trust: Leveraging the Bitcoin Protocol Beyond the Coin" a month later. Gil....