State of Bitcoin 2015: Ecosystem Grows Despite Price Decline
State of Bitcoin 2015 from CoinDesk. CoinDesk is pleased to announce the latest quarterly State of Bitcoin report, featuring a 2014 Year in Review, an in-depth analysis of data and events from the fourth quarter of 2014 and a look ahead to what 2015 might bring. Overall, 2014 could be characterized as a 'Tale of Two Bitcoins'. On the one hand, significant bitcoin venture investment continued and much progress was made in furthering adoption, particularly in bitcoin payment acceptance by big brand names such as Microsoft and Dell. On the other hand, early on in 2014, the collapse of Mt Gox....
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CoinDesk State of Bitcoin Q2 2015 from CoinDesk. CoinDesk's latest State of Bitcoin report is now live, focusing on events in the cryptocurrency world in the second quarter of 2015. This article runs through some key findings from the nearly 100 new slides found in the report. Why 'State of Bitcoin'? The Q2 2015 State of Bitcoin report marks the seventh report in CoinDesk's series. During its creation, we reflected on how much has changed since the first State of Bitcoin was released in February 2014, enough that we felt it worth revisiting the report's title. In short, why should this....
State of Bitcoin Q1 2015 from CoinDesk. CoinDesk is pleased to announce the latest quarterly State of Bitcoin report, sponsored by Gem.co, a bitcoin platform for developers. This article runs through some key findings from the new report, which focuses on events in the bitcoin ecosystem since the beginning of 2015. All-time bitcoin startup VC investment reaches $676m. The first quarter of 2015 saw a record-breaking amount of venture capital invested in bitcoin startups: $229m. Q1's deal activity was led by 21 Inc and Coinbase, companies that received $116m and $75m respectively. These are....
The decentralized finance (defi) ecosystem has become a multi-billion dollar industry and quite a bit of the popularity is stemming from China. While a number of defi projects from the West like Uniswap, Compound, and Makerdao are popular in the country, China is also creating its own landscape of defi platforms and applications. At the time of publication, the recorded total value locked (TVL) in defi is hovering around $10.8 billion. Uniswap captures the market dominance according to the web portal defipulse.com, as the trading protocol commands over 20% of the market. On October 1,....
Bitcoin price decline continued all day, and pattern analysis shows $400 (Bitstamp) is a likely target during the coming 24 hours. Price has remained below the 1-hour 20-period moving average (green) and 200-period moving average (red) since yesterday’s drop-off and all the timeframes below 1-week are now bearish. Two technical factors mitigate the possibility of strong decline: 1) price remains above $400 2) price is still above the long-term ascending support line (grey) just below $400 The current chart pattern corresponds to a price pattern seen at the start of April 2015 – exactly a....
At the beginning of the week Bitcoin started with a price of $430 and remained around this level until the 7th January. On this day, the PBOC sharply devaluated the Yuan to 6.5446 to the US Dollar. This is the lowest price since 2011. Moreover, the People's Bank announced a reduction in foreign currency reserves of 108 billion US Dollars in December 2015 and 513 billion Dollars during the whole 2015. Also, in the third quarter of 2015 China's GDP declined by 0.1% relative to the first and second quarters of 2015. This factor indicates the weakness of the Chinese economy. The market's....