How Did the Bitcoin Industry Fare in the First Half of 2015?
The bitcoin industry had its ups and downs so far this year, a decent performance relative to the massive downturn it saw last year. What kind of developments did we see so far and how did these affect bitcoin prices? Greek Debt Crisis. Perhaps one of the biggest drivers in bitcoin price action so far is the Greek debt issue, which led to the imposition of capital controls in the country and left citizens with no other option but to move funds using bitcoin. Apart from that, the prospect of returning to a potentially worthless drachma in case the country is kicked out of the euro zone led....
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The Consultancy report also mentions how blockchain technology adoption is subject to far more mental barriers compared to other offerings in the FinTech sector. The year 2015 has been a particularly good one for Bitcoin startups all over the world, as a lot of money was raised over the course of 12 months. A recent report by Consultancy in the Netherlands shows how FinTech, in general, has been booming last year, with close to US$19 bn invested in total. What is of particular interest is the US$474m venture capitalists put into Bitcoin and blockchain startups. After the significant growth....
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....
Bitcoin is back up! Since our last price piece and Ether’s rise to the top with arguably the largest crowdsale in history, bitcoin has grown by about $9 in price and is getting people excited once again. As with all ascensions, bitcoin enthusiasts are coming out of the dark with smiles on their faces and happily telling skeptics, “We told you so.” For a while, it appeared as if Ethereum was going hog the spotlight. A crowdfunding campaign that manages to raise nearly $200 million is certainly something worth noting, but in the end, bitcoin couldn’t be kept down. How Will Bitcoin Fare....
A team of mobile developers in Canberra, Australia, is aiming to be the first in the world to allow public transit users to pay for rides in bitcoin via its MyBus 2.0 app. MyBus 2.0 is a timetable and route-planner app on Canberra's extensive bus network ACTION, which is also the city's primary public transit system. Developers Imagine Team Solutions announced the app now has more than 50,000 active users. To celebrate that milestone, it turned its attention to ACTION's prepaid fare smartcard system, MyWay. MyWay automatically deducts the correct fare when a passenger touches the card....
On Long Reads Sunday, a reading of a John Street Capital piece on the realities of a market characterized by zero-bound interest rates.