2016 to Be Eventful for Bitcoin
2015 was quite a good year for Bitcoin, considering the huge amount of investment dollars it has attracted and the positive attention it has received from leading financial institutions. The underlying technology, i.e. the blockchain, has gained immense respect from leading technological and financial firms alike. But it does not end here: 2016 could be yet another eventful year for the cryptocurrency. Bitcoin Reward Halving. Mid-2016 would also welcome the much-anticipated Bitcoin reward halving to 12.5 BTC. A majority of the Bitcoin community expects this reward halving to boost the....
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After an eventful 2015 for bitcoin and the blockchain, what's in store on the regulatory and enforcement front in 2016? Here are some things to watch: With multiple federal regulatory agencies having outlined their mandates in the bitcoin and blockchain space and laid down how they intend to treat digital currencies, we are increasingly likely to see 'regulation by enforcement' next year. That is, we may see more enforcement actions brought against particular industry companies, sending a message to other firms about how agency rules will be applied in practice. The obvious focus of....
With increasing adoption of the cryptocurrency, Bitcoin rang in the milestone of 100 million transactions. Capping off an eventful year, the decentralized innovation deemed as a commodity, a currency and surely a cryptocurrency – Bitcoin, reached the seismic milestone of 100 million transactions recorded on the blockchainin December, the final weeks of 2016. The growth of transactions has nearly doubled from the beginning of the year, when there were just over 55 million transactions recorded in the beginning of January. Over a 2-year period, the number of transactions has more than....
During its relatively short lifetime, the cryptocurrency market has already experienced many drastic ups and downs. It’s a pretty volatile sector that is constantly evolving and changing. That being said, 2021 was an especially eventful year for crypto. For example, Bitcoin reached a new all-time high when it surpassed $60,000. Further, Ether hit $3,000 while […]
2016 has been an excellent year for Bitcoin in many respects. Scalability innovations like Segregated Witness have been introduced to the Bitcoin community, many successful Blockchain and Lightning Network tests have taken place and many new markets have turned to Bitcoin as a viable currency option. The price of Bitcoin has been a major positive in 2016 as well, with its value up by well over 75 percent. Now, Dec. 1, 2016, marks the highest Bitcoin price measured in over two and a half years. New Bitcoin high for 2016. According to BitcoinAverage, the price of Bitcoin passed the $760 mark....
Today, the India is one of the countries where Bitcoin is increasingly being used. With a large number of people of Indian descent and nationality working abroad, Bitcoin is now leading the global remittances to India. Unocoin is one Indian Bitcoin exchange that started in June 2013 when a few members met at the India Bitcoin meet-up group aiming to take Bitcoin to the masses. Soon after this, Unocoin opened its offices in Bangalore and Tumkur, started to provide Bitcoin trading, storage and merchant processing to the public. The company also focused on helping small and medium businesses....