New Study Reveals Maturation of Bitcoin Economy
A new study conducted by the University of Wisconsin in partnership with UCL Centre for Blockchain Technologies and the Deutsche Bundesbank has demonstrated that the Bitcoin Economy has significantly grown and matured in the past few years. Bitcoin evolves and we need to know how. The research has revealed that the number of Bitcoin transactions has increased significantly from approximately 1,000 per day in 2011 to 300,000 per day. As the network has expanded and continues to do so, the need to explore how the cryptocurrency evolves became apparent. This has largely driven the research.....
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Researchers have recently published a paper called “The Evolution of the Bitcoin Economy: Extracting and Analyzing the Network of Payment Relationships,” which explains how the Bitcoin protocol is maturing. The Bitcoin Economy Has Grown Up. In partnership with Deutsche Bundesbank, the University of Wisconsin, and the UCL Centre for Blockchain....
A new study reveals that Singapore benefited from cryptocurrencies, especially Ethereum, through increased adoption. Germini, a crypto exchange, conducted The State of Crypto in Singapore Report 2021, collaborating with Seedly and CoinMarketCap. The report revealed that the financial investments of over two-third of the citizens include digital assets. The report has participants of 4,348 Singapore residents […]
Bloomberg Intelligence’s senior commodity strategist says bitcoin “may be entering an inexorable phase of its migration into the mainstream.” In addition, the cryptocurrency may also “be entering unstoppable maturation stage,” the strategist added, expecting the price of bitcoin to continue to rise over time. Bitcoin’s ‘Unstoppable Maturation Stage’ Bloomberg Intelligence’s senior commodity strategist Mike McGlone provided his outlook for bitcoin this week. Citing rising demand, increased adoption, and regulation, he tweeted Wednesday:....
The Digital Currency Council's recently released study on UK citizens reveals that Bitcoin's biggest challenges are around adoption and communications, and that digital currencies have got a persistent reputation problem. It is in light of the call for information made by the government of the UK earlier this month that the American organization the Digital Currency Council released on Wednesday a study conducted by UK strategic research firm, Reputation Leaders, on UK citizens' sentiments on Bitcoin. "This study demonstrates the strong demand for the support of lawyers, accountants, and....
A team of economists from UCL Centre for Blockchain Technologies, Deutsche Bundesbank, University of Wisconsin and The New School have published a research paper titled “The Evolution of the Bitcoin Economy: Extracting and Analyzing the Network of Payment Relationships.” The economists’ conclusion is that the Bitcoin economy has grown and matured from an early prototype stage, through a second growth stage characterized by “sin” (i.e. gambling, black markets), to a third stage marked by a sharp progression away from “sin” and toward legitimate enterprises. The conclusion is hardly....