Regulatory Series on Cryptocurrencies: FCA Issues UK’s Crypto-Businesses Cutoff Date For Obtaining Licence
Cryptocurrency Derivatives Series: Bitcoin Flirts With Technical Supports & Drifts In Sideways, Uphold Long Hedges
Digital Currency Revolution Series: Travala.com Partners With Expedia Group For Cryptocurrency-Based Travel Booking
Cryptocurrency Derivatives Series: Bitcoin Price Dynamics And Hedging Strategy Ahead of Options Expiry Season
Digital Currency Revolution Series: ETH/USD Bulls Uproar Ahead Of Ethereum 2.0 Testnet, Uphold Long Hedges
Regulatory Series on Cryptocurrencies: US SEC Hammers Lobbyist CEO of AML Bitcoin With Fraudulent ICO Project
Lambda256 joins South Korea project to develop technology that could track illegal dark web transactions
Cryptocurrency Derivatives Series: Brazil’s SEC CVM Orders Cryptocurrency-Exchange Binance To Stop Futures Trading
Bitcoin And Blockchain-Related Startups Attract Huge Investments In 2015
The year 2015 has been quite fruitful for bitcoin, particularly as several leading companies and banks opened up to the cryptocurrency space.
In a report published on CNN Money in November, Jose Pagliery estimated that around $1 billion had been invested into Bitcoin-related tech startups. However, he noted that banks are investing in the blockchain technology that powers Bitcoin, rather than the currency itself.
In June, reports surfaced that Barclays will be working with Bitcoin tech company Safello to explore blockchain technology and how it can be used to transform traditional banking practices. Wall Street giants such as Visa, Nasdaq and Citi Ventures have invested $30 million in Chain.Com, a San Francisco-based blockchain developer platform that works with financial institutions to develop ways to trade and transfer financial assets using blockchain technology.
Recently, Nasdaq announced that its Nasdaq Linq blockchain ledger technology has been successfully used to settle shares of Chain.com.
Paglier also said that with rising interest in blockchain technology, companies are even experimenting with creating smaller, "private blockchains" inside their own offices.
However, it would not be entirely true that leading companies and global financial institutions are only investing in the blockchain technology. Several bitcoin-based startups have garnered support from tech giants last year. Here are few examples:
“Blockchain technology has many uses for all types of industries but without Bitcoin it wouldn't exist. The security of the Bitcoin blockchain is unrivaled by other blockchains and is dependent on a decentralized digital currency to give it value. If alternative blockchains are to succeed, they would do well to adopt the principles of decentralization that Bitcoin is based on”, M.K. Lords, Marketing/Community Manager of Airbitz, told EconoTimes.