Bitcoin Price Gains Over 50 Percent in 2016
The year 2016 saw Bitcoin price increase by over 50 percent due to various favorable factors. The year 2016 has been great for Bitcoin. The cryptocurrency valued at about $425 during the beginning of 2016 climbed to $950 by its end. But, what led Bitcoin price to register a 54 percent annual gain in 2016? According to analysis, the digital currency had a lot of influencing factors pushing its price upwards by driving demand. The reasons, listed by us in the past and again reiterated by a prominent business magazine includes; Donald’s Trump’s victory in the US presidential elections which....
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Bitcoin’s price increased thanks to demand and technicals in the second half of 2016. Bitcoin has increased 7 percent throughout its final week of the year and currently trades at $962. Altcoins have not traded as strong heading into the end of the year, but numerous enjoyed an impressive year. Altcoins 2016. Monero, whose market capitalization....
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....
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....
Investment in Chinese FinTech continued at a pace in 2016 despite markets in other countries experiencing a slowdown in the sector. It’s reported that during the first nine months of 2016, FinTech investments doubled in China, which was partly due to funding rounds completed by Ant Financial, JD Finance and China’s Lufax, reports the China Money Network. The report states that in the first three-quarters of 2016, global financial technology investments accounted for US$18 billion, just down from the US$19 billion that was invested in the previous year. According to a report by City Asia....