Bitcoin's Big Challenge in 2016: Reaching 100 Million Users
As a lifelong technologist, engineer, and now partner with Mangrove Capital Partners, I often reflect on the transformative developments that impact the world around me. I’ve spent my career watching the World Wide Web unleash unfettered information across the world. Paradigm shifting technologies don’t come along that often, so it’s critical to capture the moment when they do. Right now, it’s impossible to step into an accelerator anywhere in Europe without hearing someone talk about the blockchain. The blockchain is ubiquitous yet, as many readers of CoinDesk already know, it continues....
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On March 17th 2016, Sony Corporation will finish judging all the projects presented at the Fintech Innovation Challenge 2016, organized by the Japan-based company itself alongside Matchi. The challenge aims to bring the best minds in banking and the world's brilliant innovators together. Entertainment x Blockchain. It was only a few days ago, in fact, that Sony Corporation announced the Fintech Innovation Challenge, a competition open to PoC (Proof of Concept) projects. Sony will choose the winner that will continue their PoC project within the company. “Useful solutions related to film....
U.K. FinTech startups raised $173 million across 16 deals in Q4 2016, an increase of $95 million from Q3, according to a report from CB Insights. The report, The Global FinTech Report Full Year 2016, from the company which tracks venture capital investment, looked at FinTech venture capital across markets in Europe, Asia and North America. The results found that investment within financial technology firms had risen by 122 percent between October and December 2016 with the number of deals taking place increasing by 33 percent. Despite an increase in U.K. financial technology investment....
Fidelity Charitable, an independent public American charity, has announced that it received $7 million in bitcoin donations in 2016 from donors across the country. To enable Fidelity Charitable donors to give more and to support a broader expansion, in November 2015, the charity began accepting bitcoin. Donors were then able to donate more with the non-profit efficiently monetizing the bitcoin for grant-making. As well as accepting digital currency donations, the charity also raised $3.5 billion in donor-recommended grants to non-profit organizations last year, which saw a 15 percent....
On Wednesday, after bitcoin prices touched a new all-time high, thousands of bitcoins from the August 2, 2016, Bitfinex hack were transferred to unknown wallets. The exact count of BTC moved from the hack is not entirely clear, but one blockchain parser shows that over 12,208 BTC from the 2016 Bitfinex breach worth $754 million today was moved to various addresses. On August 2, 2016, the exchange Bitfinex was hacked for approximately 119,756 BTC, which is worth $7.5 billion using today’s exchange rates. That day, the price per bitcoin (BTC) slid 22% but the exchange managed to pay....
The 2024 Bitcoin halving is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed at times like these. Bitcoin Price Trends For Previous Halvings There have been three halvings so far since Bitcoin was first launched in 2009 and with each one, Bitcoin has demonstrated various reactions to the event. The first halving took place on November 28, 2012, the second happened....