CoinDesk reveals the key trends, challenges, and opportunities for bitcoin in Q3 2014.
Our State of Bitcoin Reports can be sponsored. Get in touch advertising@coindesk.com
CoinDesk reveals the key trends, challenges, and opportunities for bitcoin and blockchain technology in Q2 2015.
Get in touch via advertising@coindesk.com if you'd like to sponsor a report in the future.
On 2nd March 2015, we held our first Expert Briefing, inviting a limited number of London's leading finance and technology journalists to learn more about the world of digital money over a few drinks.
These slides are from Garrick Hileman's State of Bitcoin presentation.
The event was sponsored by Elliptic, Circle and General Bytes.
CoinDesk reveals the key trends, challenges, and opportunities for bitcoin in Q1 2015.
This State of Bitcoin report is sponsored by Gem.co
Get in touch via advertising@coindesk.com if you'd like to sponsor a report in the future.
BitCoin and the Global Economy by Cristina Dolan Presented at MIT Center for ...Cristina Dolan
Cristina Dolan, MIT Media Lab Alumna and Internet Pioneer presented at the MIT Center for International Studies Starr Forum on April 7, 2016 along with Michael Casey, bestselling author and Senior Advisor, BlockChain opportunities at the MIT Media Lab.
A wide-ranging overview of the state of the digital currency economy and blockchain technology from CoinDesk's lead analyst and economic historian at the London School of Economics, Garrick Hileman. This was our curtain-raiser of our Consensus 2015 conference.
Blockchain technology trends via Google searchSergey Ulitenok
Blockchain technology is a new trend, and it is not just about FinTech or Cryptocurrency. It can also be used in many other applications such as land registry, title insurance, escrow services, systems of record, and authentication of documents.
CoinDesk reveals the key trends, challenges, and opportunities for bitcoin and blockchain technology in Q2 2015.
Get in touch via advertising@coindesk.com if you'd like to sponsor a report in the future.
On 2nd March 2015, we held our first Expert Briefing, inviting a limited number of London's leading finance and technology journalists to learn more about the world of digital money over a few drinks.
These slides are from Garrick Hileman's State of Bitcoin presentation.
The event was sponsored by Elliptic, Circle and General Bytes.
CoinDesk reveals the key trends, challenges, and opportunities for bitcoin in Q1 2015.
This State of Bitcoin report is sponsored by Gem.co
Get in touch via advertising@coindesk.com if you'd like to sponsor a report in the future.
BitCoin and the Global Economy by Cristina Dolan Presented at MIT Center for ...Cristina Dolan
Cristina Dolan, MIT Media Lab Alumna and Internet Pioneer presented at the MIT Center for International Studies Starr Forum on April 7, 2016 along with Michael Casey, bestselling author and Senior Advisor, BlockChain opportunities at the MIT Media Lab.
A wide-ranging overview of the state of the digital currency economy and blockchain technology from CoinDesk's lead analyst and economic historian at the London School of Economics, Garrick Hileman. This was our curtain-raiser of our Consensus 2015 conference.
Blockchain technology trends via Google searchSergey Ulitenok
Blockchain technology is a new trend, and it is not just about FinTech or Cryptocurrency. It can also be used in many other applications such as land registry, title insurance, escrow services, systems of record, and authentication of documents.
We @ GainBitCoin combine BTC Cloud Mining & Network Marketing to produce a world class opportunity. Contrary to popular belief, Bitcoin Cloud Mining and Network marketing are both very successful processes in their own domain. If handled smartly both of the process can provide immense opportunity.
CoinDesk reveals the key trends, challenges, and opportunities for bitcoin and blockchain technology in 2016.
Reports are available to download for those who are signed up to our research list.
Sign up here: http://www.coindesk.com/newsletter/
Buy our research on the banks and the blockchain here: http://www.coindesk.com/research/banks-blockchain-report/
Get in touch via research@coindesk.com if you'd like to partner with research in the future.
A really simple explanation of Bitcoin and why everyone afraid of it.
My other FinTech presentations:
Bitcoin: http://www.slideshare.net/ishmelev/bitcoin-future
Digital bank: http://www.slideshare.net/ishmelev/digital-bank-eng
Future of bank: http://www.slideshare.net/ishmelev/bank-future
The History of Blockchain - From Bitcoin to Shared LedgersEmily Vaughn
The invention of bitcoin and blockchain technology ushered in a new wave of networks that will impact data management across industries, beyond finance and currencies. To understand where this tech is going, you have to understand where it came from and how it works. Micah Winkelspecht, CEO and Founder of Gem, delivered this at Distributed Health in Nashville TN, Oct 3rd. visit www.gem.co
Non-Financial Applications of the Blockchain - Dan Rubins, Legal RoBotWithTheBest
Discover the exciting uses of the Blockchain outside of bitcoin and monetary applications. Discover how distributed trust and trust-less systems are starting to impact society's non-financial institutions and create new opportunities in law, real estate, financial planning, physical security, and government - then discover how we're creating some of these new institutions at Legal Robot.
Dan Rubins, CEO and Co-founder of Legal RoBot
Sunstone Capital, Avalanche 2014 - Bitcoin: Primer, State of Play, DiscussionYacine Ghalim
Every winter, Sunstone hosts an offsite event with the participation of executives from our portfolio companies, fellow VCs, and various thought leaders.
The event is designed to mix informal networking, stimulating discussions around key topics shaping our industry, and intense skiing. We find that the best inspiration and ideas are generated when you least expect it, and in company with people that challenge your thinking.
This year's edition took us to Courmayeur in the Italian Alps, and Bitcoin was on the list of topics we discussed. Here are the supporting slides from our Jan 24th presentation "Bitcoin: Primer, State of Play, Discussion".
http://www.sunstone.eu
Whether you are planning for establishing a white label crypto exchange software development company or a centralized trading development in the Middle East, you must know about compliance and taxation outlook in this region. This article will give you a better understanding of legal regulation and taxation in the Middle East.
Bitcoin Market Summary - Spark Capital - Produced by Oxana KunetsAndrew Parker
This is an analysis by Oxana Kunets, a Columbia GSB MBA that Spark Capital hired on HourlyNerd to study the Bitcoin market. It's a summary of: 1) what is bitcoin, 2) the companies in the space, and 3) concluding investment thesis recommendations.
Bitcoin, Ethereum, and Blockchain - Digital Literacy @ Columbia University Bu...Chris Castiglione
Bitcoin is two things: a digital currency AND a new technology.
In this course I'll give you the tools to think intelligently about the technology of Bitcoin, and the skills to buy, trade, and store your digital currencies.
Online course:
https://onemonth.com/courses/bitcoin
Bitcoin vs. Ethereum
https://learn.onemonth.com/bitcoin-vs-ethereum/
Join Coinbase
https://www.coinbase.com/join/5341c04e2e00c46d2100006c
Bitcoin 101: The Currency, The Network, The CommunityEarthsite
Bitcoin and the underlying technology of cryptocurrency is poised to revolutionize the world of banking and financial equity. Can Bitcoin make it through the volatile startup years and be adopted as a global currency? With an estimated 50,000 businesses now accepting Bitcoin and more than $100 million in venture capital investments, 2014 could be the tipping point for this new form of value exchange.
In this introductory presentation, you'll learn what Bitcoin is, why the technology is revolutionary and how you can get involved in the community. Find out how businesses can save 2-3% on credit card fees and have instant access to a global market. Discover how digital currencies are supporting thriving local economies. Don't miss this opportunity to educate yourself on the fundamentals of Bitcoin and see how you and your business will benefit.
Building the Bitcoin & Blockchain Ecosystem: A Closer Look at the work of Ind...WithTheBest
Learn how Coinsecure works to educate and enable individuals and businesses to leverage Bitcoin and Blockchain technology through the first and only INR based blockchain explorer, an open order book exchange with a rest API mock trading platform/testnet, paperwallet services, an online wallet service and various integrations. Explore an overview of Coinsecure and products for developers, the Coinsecure story and bitcoin adoption in India. Dive into Coinsecure’s new API and solutions to challenges it faces.
Mohit Kalra
Capco Blockchain, Distributed Ledger and Cryptocurrencies keynote to IIROC co...Craig Borysowich
blockchain overview with some use cases and automated compliance solution. Delivered to an audience of 400 compliance officers in the securities industry
Bitcoin's market cap could hit $1 trillion in 2021 as its growing reserve currency status drives adoption higher, a cryptocurrency expert says.
In this PANGEA report were provide an insightful perspective on cryptocurrencies, blockchain and the possibility of an emerging new asset class.
Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto,Bitcoin is a decentralised electronic currency which is not backed by any other currency as it is a stand-alone currency traded against other currencies.
Magister Advisors - Blockchain & Bitcoin in 2016 - A Survey Of Global LeadersJeremy Millar
As Bitcoin and Blockchain investment fast approaches $1bn, we have spent the last three months speaking with over 30 of the leading Bitcoin and Blockchain companies globally, plus industry groups, financial institutions and investors, to gain detailed insight and understanding of the development of the market and the direction these fascinating technologies will take in 2016.
We are pleased to share our work and findings with you and the broader community.
You can read our report ‘Bitcoin and Blockhain in 2016: A Global Survey’ here.
If you are interested in a personal briefing or a briefing for your firm, please feel free to contact us (jmillar@magisteradvisors.com).
We @ GainBitCoin combine BTC Cloud Mining & Network Marketing to produce a world class opportunity. Contrary to popular belief, Bitcoin Cloud Mining and Network marketing are both very successful processes in their own domain. If handled smartly both of the process can provide immense opportunity.
CoinDesk reveals the key trends, challenges, and opportunities for bitcoin and blockchain technology in 2016.
Reports are available to download for those who are signed up to our research list.
Sign up here: http://www.coindesk.com/newsletter/
Buy our research on the banks and the blockchain here: http://www.coindesk.com/research/banks-blockchain-report/
Get in touch via research@coindesk.com if you'd like to partner with research in the future.
A really simple explanation of Bitcoin and why everyone afraid of it.
My other FinTech presentations:
Bitcoin: http://www.slideshare.net/ishmelev/bitcoin-future
Digital bank: http://www.slideshare.net/ishmelev/digital-bank-eng
Future of bank: http://www.slideshare.net/ishmelev/bank-future
The History of Blockchain - From Bitcoin to Shared LedgersEmily Vaughn
The invention of bitcoin and blockchain technology ushered in a new wave of networks that will impact data management across industries, beyond finance and currencies. To understand where this tech is going, you have to understand where it came from and how it works. Micah Winkelspecht, CEO and Founder of Gem, delivered this at Distributed Health in Nashville TN, Oct 3rd. visit www.gem.co
Non-Financial Applications of the Blockchain - Dan Rubins, Legal RoBotWithTheBest
Discover the exciting uses of the Blockchain outside of bitcoin and monetary applications. Discover how distributed trust and trust-less systems are starting to impact society's non-financial institutions and create new opportunities in law, real estate, financial planning, physical security, and government - then discover how we're creating some of these new institutions at Legal Robot.
Dan Rubins, CEO and Co-founder of Legal RoBot
Sunstone Capital, Avalanche 2014 - Bitcoin: Primer, State of Play, DiscussionYacine Ghalim
Every winter, Sunstone hosts an offsite event with the participation of executives from our portfolio companies, fellow VCs, and various thought leaders.
The event is designed to mix informal networking, stimulating discussions around key topics shaping our industry, and intense skiing. We find that the best inspiration and ideas are generated when you least expect it, and in company with people that challenge your thinking.
This year's edition took us to Courmayeur in the Italian Alps, and Bitcoin was on the list of topics we discussed. Here are the supporting slides from our Jan 24th presentation "Bitcoin: Primer, State of Play, Discussion".
http://www.sunstone.eu
Whether you are planning for establishing a white label crypto exchange software development company or a centralized trading development in the Middle East, you must know about compliance and taxation outlook in this region. This article will give you a better understanding of legal regulation and taxation in the Middle East.
Bitcoin Market Summary - Spark Capital - Produced by Oxana KunetsAndrew Parker
This is an analysis by Oxana Kunets, a Columbia GSB MBA that Spark Capital hired on HourlyNerd to study the Bitcoin market. It's a summary of: 1) what is bitcoin, 2) the companies in the space, and 3) concluding investment thesis recommendations.
Bitcoin, Ethereum, and Blockchain - Digital Literacy @ Columbia University Bu...Chris Castiglione
Bitcoin is two things: a digital currency AND a new technology.
In this course I'll give you the tools to think intelligently about the technology of Bitcoin, and the skills to buy, trade, and store your digital currencies.
Online course:
https://onemonth.com/courses/bitcoin
Bitcoin vs. Ethereum
https://learn.onemonth.com/bitcoin-vs-ethereum/
Join Coinbase
https://www.coinbase.com/join/5341c04e2e00c46d2100006c
Bitcoin 101: The Currency, The Network, The CommunityEarthsite
Bitcoin and the underlying technology of cryptocurrency is poised to revolutionize the world of banking and financial equity. Can Bitcoin make it through the volatile startup years and be adopted as a global currency? With an estimated 50,000 businesses now accepting Bitcoin and more than $100 million in venture capital investments, 2014 could be the tipping point for this new form of value exchange.
In this introductory presentation, you'll learn what Bitcoin is, why the technology is revolutionary and how you can get involved in the community. Find out how businesses can save 2-3% on credit card fees and have instant access to a global market. Discover how digital currencies are supporting thriving local economies. Don't miss this opportunity to educate yourself on the fundamentals of Bitcoin and see how you and your business will benefit.
Building the Bitcoin & Blockchain Ecosystem: A Closer Look at the work of Ind...WithTheBest
Learn how Coinsecure works to educate and enable individuals and businesses to leverage Bitcoin and Blockchain technology through the first and only INR based blockchain explorer, an open order book exchange with a rest API mock trading platform/testnet, paperwallet services, an online wallet service and various integrations. Explore an overview of Coinsecure and products for developers, the Coinsecure story and bitcoin adoption in India. Dive into Coinsecure’s new API and solutions to challenges it faces.
Mohit Kalra
Capco Blockchain, Distributed Ledger and Cryptocurrencies keynote to IIROC co...Craig Borysowich
blockchain overview with some use cases and automated compliance solution. Delivered to an audience of 400 compliance officers in the securities industry
Bitcoin's market cap could hit $1 trillion in 2021 as its growing reserve currency status drives adoption higher, a cryptocurrency expert says.
In this PANGEA report were provide an insightful perspective on cryptocurrencies, blockchain and the possibility of an emerging new asset class.
Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto,Bitcoin is a decentralised electronic currency which is not backed by any other currency as it is a stand-alone currency traded against other currencies.
Magister Advisors - Blockchain & Bitcoin in 2016 - A Survey Of Global LeadersJeremy Millar
As Bitcoin and Blockchain investment fast approaches $1bn, we have spent the last three months speaking with over 30 of the leading Bitcoin and Blockchain companies globally, plus industry groups, financial institutions and investors, to gain detailed insight and understanding of the development of the market and the direction these fascinating technologies will take in 2016.
We are pleased to share our work and findings with you and the broader community.
You can read our report ‘Bitcoin and Blockhain in 2016: A Global Survey’ here.
If you are interested in a personal briefing or a briefing for your firm, please feel free to contact us (jmillar@magisteradvisors.com).
CoinDesk’s Q1 2016 State of Blockchain report summarizes key trends, data and events from the first quarter of 2016.
You'll be able to read analysis of the key trends in this article: http://www.coindesk.com/state-of-blockchain-q1-2016/
We'd appreciate feedback on our research:
https://www.surveymonkey.co.uk/r/6W6WHST
The increased use of cryptocurrencies such as Bitcoin among private users and some businesses has opened a new avenue of research in the field of digital forensics involving cryptocurrencies. Since the creation of Bitcoin in 2008, cryptocurrencies have begun to make a presence in the world of ecommerce. Cryptography serves as the underlying foundation for Bitcoin, which gives it the benefits of confidentiality, integrity, nonrepudiation and authentication. Having been designed and built upon the foundation of these four objectives makes Bitcoin an attractive alternative to mainstream currency and provides users with the benefits of payment freedom, security, very low fees, and fewer risks for merchants.This presentation brings out the aspects and discusses on BITCOIN FORENSICS
This presentation provide the brief knowledge of Bitcoin. Bitcoin is a cryptocurrency and a payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a cryptography mailing list and released as open-source software in 2009. There have been various claims and speculation concerning the identity of Nakamoto, none of which are confirmed. The system is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. Which uses bitcoin as its unit of account. Since the system works without a central repository or single administrator, the U.S. Treasury categorizes bitcoin as a decentralized virtual currency.
How Bitcoin can save freelancers in the Philippines money that really matters. This is fun example to show how much people can save by accepting Bitcoin instead of using PayPal.
Crypto Outlook Report 2024 by TradeDOG Grouptdtradedog
As we delve into our Crypto Outlook Report for 2024, we reflect on the highs, lows, and pivotal moments that defined the past year, while also peering into the horizon to forecast the exciting potential and emerging patterns set to influence the year ahead, with insights from industry leaders at Stepn, Enjin, Hacken, SuperScrypt, and more.
https://login.tradedog.io/dashboard/view-report/17036826500731JrSGjtYQVldc/1
2023 Annual Crypto Industry Report | CoinGeckoCoinGecko
In the fourth quarter of 2023, the crypto market experienced a surge in anticipation related to ETFs, particularly with the growing optimism surrounding the potential approval of US spot Bitcoin ETFs. This optimism contributed to a bullish market sentiment, leading to a significant increase in the total crypto market cap from $1.1 trillion to $1.6 trillion, marking a 55% rise. During this period, the price of Bitcoin soared from $27,000 to $42,000.
When considering the entire year of 2023, the crypto market witnessed substantial growth, more than doubling its total market cap from $832 billion at the beginning of the year. This remarkable expansion was primarily driven by Bitcoin's impressive resurgence, experiencing a 2.6x increase. After the challenges and stagnation experienced in 2022, 2023 proved to be a robust year of recovery for the crypto industry.
Our comprehensive 2023 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
A report providing an overview of the Blockchain Technology startup landscape. Includes a sector overview, graphical trends with insights, and recent funding/exit events. Contact info@venturescanner.com to learn more!
CoinGecko 2019 Year End Cryptocurrency ReportCoinGecko
This is the tenth cryptocurrency report produced by CoinGecko covering the full year of 2019.
In this report, we summarize and highlight the market dynamics in the cryptocurrency market such as:
- Market capitalization growth, volume change, and price movement
- Exchanges & Stabelcoins
- Crypto companies M&A
- 2020 Predictions from 20+ Thought Leaders
- 2020 Key Events
- Ethereum 2.0 Overview
- DeFi Growth
- Decentralized application (Dapp), Non-Fungible Tokens (NFT), and Masternodes market summary
Download the full report here:
https://bit.ly/coingecko-2019-report
View all of CoinGecko's historical quarterly reports here:
https://reports.coingecko.com/all-report
Expert Bitcoin Price Predictions From 20K to 38K in 2023.pdfFranck La Rocca
Now we start with the latest Bitcoin price predictions from experts in the field. Our in-depth analysis covers everything you need to know, from short-term trends to long-term forecasts. Get ready for a wild ride as we explore where Bitcoin is headed in 2023
Authors Anna, Alisa, David & PreslavaThis article is desi.docxjesuslightbody
Authors: Anna, Alisa, David & Preslava
This article is designed to analyze the cryptocurrency market from an economical perspective during the period from 2018 to 2022 with several
instances from other timelines.
Economics & Public Policy
Equilibrium
Supply Shifts
While bitcoin supply is extremely transparent, bitcoin demand is rather
opaque. That said, there are a few quantifiable items that we do know
about bitcoin demand. First, we have a pretty good idea of the number
of bitcoin transactions performed each day. Secondly, and more
importantly, it appears that fluctuations in bitcoin transaction costs
play a major role in determining price corrections. For example, the
number of transactions stopped growing in 2012, about one year
before bitcoin’s 2013 peak and bear market. It began to rise again in
2014 before bitcoin prices began to recover in earnest but have been
stagnating since the end of 2016, perhaps foreshadowing the recent
correction.
Bitcoin’s demand and supply are both considered perfectly inelastic.
The reason is very simple but before that, it is very important to
understand how bitcoin price moves and how bitcoin mining
works.
First thing first, bitcoin has its ultimate quantity of supply which is
known by every buyer/trader/investor, which is only 21 million of
bitcoin. Meanwhile, there are around 18 million bitcoins in
circulation. How then does the quantity of circulation go up? It
depends on the bitcoin miners, as bitcoin miners contribute their
computers’ GPU and electricity to verify the transaction among the
decentralized network, in return, they will be rewarded with bitcoin
from the quantity that is not in circulation (hence the quantity of
the circulating bitcoin goes up). In the long term, the rewards
decrease, while each block is formulated the less the miners can earn.
Published on: 22nd of March 2022 Publisher: Olga Larina
Demand Shifts
The supply inelasticity explains in large part why bitcoin is so volatile. Items with inelastic supply show a greater
response to demand shifts than items with elastic supply. The same is true of demand: the more inelastic the demand, the
greater the price changes in response to small fluctuations in either supply or demand. Bitcoin’s limited and highly
inelastic supply is also a major factor driving its price appreciation, a rise so spectacular that it can only be appreciated
when seen on a log scale. In bitcoin’s first four years, supply grew by roughly 2.5 million coins per year. Even then prices
were rising as the user community grew. Since then supply has continued to grow but the pace has slowed substantially
while demand has occasionally dipped, even on a year-on-year basis. Bitcoin’s limited supply and soaring price make it
difficult to be used as a medium of exchange outside of the cryptocurrency space.
Cryptocurrencys' Impact on the Global Economy
The relationship between bitcoin prices and transaction
costs is even more compelling. This third spike in
t.
http://pwc.to/1fsT9Uu
Le Bitcoin est une monnaie numérique peer-to-peer qui connait un essor mondial. En 2013, le Bitcoin a obtenu 3,4 millions de mentions sur internet. Aux États-Unis, plusieurs petites et grandes entreprises du divertissement, des médias et des télécommunications ont entrepris des expériences avec cette nouvelle monnaie. PwC a donc mené une enquête auprès des consommateurs en ligne pour recueillir des informations sur la sensibilisation, les attitudes et les comportements liés au Bitcoin.
2023 Q1 Crypto Industry Report | CoinGeckoCoinGecko
A new year brings new beginnings, as the crypto market woke from its end-2022 hibernation to shake off the bears, increasing 48.9% from a total market cap of $831.8B on Jan 1, 2023 to $1.238T on Mar 31, 2023. While it was not smooth sailing all the way, this run reversed losses stemming from FTX’s collapse, returning the market to heights before the Ethereum Merge. Prices of Bitcoin (BTC) and Ethereum (ETH) are now hovering around $28,000 and $1,800 respectively, with BTC performing particularly well, gaining close to 70% this quarter.
Our comprehensive 2023 Q1 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
A report providing an overview of the Bitcoin and Blockchain startup landscape, graphical trends and insights, and recent funding and exit events. Contact info@venturescanner.com to learn more!
2023 Q2 Crypto Industry Report | CoinGeckoCoinGecko
After the exuberance of Q1, the crypto market took Q2 to consolidate the gains and increased slightly by 0.14%, from a total market cap of $1.238 trillion on March 31, 2023, to $1.240 trillion on June 30, 2023. April and May were relatively quiet months, particularly after Ethereum’s Shapella upgrade on April 12 as the market was absent of any strong overarching narrative. Prices of Bitcoin (BTC) and Ethereum (ETH) are now hovering around $30,000 and $1,900 respectively, with BTC climbing 6.9%, while ETH increased by 6.0% in Q2.
Our comprehensive 2023 Q2 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
Bitcoin Price Movement in Recent Years
At the point when we talk about Bitcoin value improvement and development since its creation, it will require an evidently lengthy investment as this cryptographic money was made back in 2009
CoinGecko 2018 Full Year Cryptocurrency ReportCoinGecko
This is the sixth cryptocurrency report produced by CoinGecko covering the full year of 2018.
In this report, we summarize and highlight the market dynamics in the cryptocurrency market such as:-
- Market capitalization growth, volume change, and price movement
- Cryptocurrency exchange ranking, volume & dominance
- Initial Coin Offerings (ICOs) trends
- Stablecoins trends
- Timeline of major events & regulatory updates
- Bitcoin Cash split
- Decentralized applications (dapps) trends
- Security Tokens insights
- Masternodes insights
- Non-Fungible Tokens trends
- and many more...
Download the full report here:
http://reports.coingecko.com/2018-report
View all of CoinGecko's historical quarterly reports here:
http://reports.coingecko.com/all-reports
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
UiPath Test Automation using UiPath Test Suite series, part 3DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Generating a custom Ruby SDK for your web service or Rails API using Smithyg2nightmarescribd
Have you ever wanted a Ruby client API to communicate with your web service? Smithy is a protocol-agnostic language for defining services and SDKs. Smithy Ruby is an implementation of Smithy that generates a Ruby SDK using a Smithy model. In this talk, we will explore Smithy and Smithy Ruby to learn how to generate custom feature-rich SDKs that can communicate with any web service, such as a Rails JSON API.
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
91mobiles recently conducted a Smart TV Buyer Insights Survey in which we asked over 3,000 respondents about the TV they own, aspects they look at on a new TV, and their TV buying preferences.
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf
State of Bitcoin Q3 2014
1. State of Bitcoin Q3 2014
7th October 2014
State of Bitcoin Q3 2014 1
2. Contents
1. Summary and Adoption Dashboard
2. Price and Valuation
3. Media
4. VC Investment
5. Commerce
6. Technology
7. Regulation and Macro
State of Bitcoin Q3 2014 2
3. About CoinDesk
• World leader in digital currency news, prices and information
• Our Bitcoin Price Index serves as an industry reference point
• London-based and remote team with a global focus
• Our editors are based in London, Boston, San Francisco and Tokyo
State of Bitcoin Q3 2014 3
5. Q3 2014 Summary
Bitcoin is further integrating with
existing payment infrastructure (eg
PayPal, Square) and some banks
Overall, the bitcoin ecosystem
appears to have entered a relatively
‘quiet building’ phase in Q3
All-time bitcoin VC investment up
to $317m; 2014 run rate on track
to well exceed 1995 Internet
Regulatory environment continues to
see challenges (eg NY BitLicenses,
Kyrgyzstan ban)
Bitcoin’s price down 40% in Q3,
down another 10% at start of Q4
amid much debate about causes
Ever larger businesses continue to
adopt bitcoin (eg Dell, which is offering
10% off certain products with bitcoin)
State of Bitcoin Q3 2014 5
6. Key Bitcoin Adoption Metrics
Quarterly Last 12 Months
Sep-14 Jun-14 Q/Q Δ Sep-13 Δ
Commerce
Wallets 6,559,978 5,427,688 21% 1,353,201 5x
Merchants 76,000 63,000 21% 10,000 8x
Merchants’ annual revenue ($bn) 86 29 196% 0 N/A
ATMs 251 103 144% 0 N/A
Unique bitcoin addresses 184,554 136,152 36% 61,734 3x
Industry
All-time VC investment ($m) 317.0* 225.3 41% 30.4 10x
Number of VC-backed startups 66* 50 32% 14 5x
Media
Mainstream media mentions 9,398 9,024 4% 1,794 5x
Technology
Network Hash Rate (billion/second) 261,900,382 111,194,683 136% 1,213,246 216x
Github no. of updated repositories 18,753 15,109 24% 1,573 12x
Valuation
Bitcoin market capitalization ($bn) 5.2 8.3 -37% 1.5 3x
*Includes recent Q4 deals (eg Blockchain $30.5m).
Sources: CoinDesk, Blockchain.info, BitcoinPulse, Github, Coin ATM Radar. Figures used are as of end of quarter.
State of Bitcoin Q3 2014 6
8. CoinDesk Bitcoin Price Index –
Q3 & YTD by the Numbers
Source: CoinDesk Bitcoin Price Index, daily data collected at 00:00 UTC
8
www.coindesk.com/price
9. A Remarkable Coincidence?
Bitcoin’s price dropped in Q3 by an almost identical % as its rise in
Q2
-39.6% +39.4%
%Δ of Q3/Q2 Close Price %Δ of Q2/Q1 Close Price
Source: CoinDesk Bitcoin Price Index, daily data collected at 00:00 UTC www.coindesk.com/price
State of Bitcoin Q3 2014 9
10. $700
$650
$600
$550
$500
$450
$400
$350
$300
Bitcoin’s Price Has Been Declining on
Steadily Rising Trading Volume
11 Aug
Blockchain first
company to
pass over 2m
bitcoin wallets
18 Aug
Bitcoin price
suddenly drops
in ‘flash crash’
9 Jul
Bitcoin industry discussion
of concerns over mining
pool 51% network control
18 Jul
Dell
announces it
will accept
bitcoin
22-23
Sep
PayPal and
Square
announce
bitcoin
integration
8 Jul
Xapo
announces
$20m funding
round
21 Aug
Following
complaints, NY
extends BitLicense
comment period
9 Sep
Supposed Satoshi
Nakamoto email
account ‘hack’,
blackmail attempt
30-Jun 7-Jul 14-Jul 21-Jul 28-Jul 4-Aug 11-Aug 18-Aug 25-Aug 1-Sep 8-Sep 15-Sep 22-Sep 29-Sep
Source: CoinDesk Bitcoin Price Index, daily data collected at 00:00 UTC www.coindesk.com/price
State of Bitcoin Q3 2014 10
11. Total Exchange Trading Volume Sees
Steady Growth
Cumulative Trading Volume (bitcoins)
Source: CoinDesk, Bitcoinity
120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
0
State of Bitcoin Q3 2014 11
12. Chinese Yuan (Renminbi) Denominated Bitcoin
Trading Continues to Gain Share on US Dollar
CNY vs USD Denominated Bitcoin Trading Market Share,
Monthly BTC (unit) volume, April – September 2014
Month CNY USD
April 63.6% 36.4%
May 66.7% 33.3%
June 65.3% 34.7%
July 68.9% 31.1%
August 67.5% 32.5%
September 71.5% 28.5%
Source: Bitcoinity. Based on exchange data from ANXBTC, Bitfinex, Bitstamp, BTC China, BTC-e, Huobi, LakeBTC, and OKCoin.
State of Bitcoin Q3 2014 12
13. Growing Merchant Adoption Should Not
Drive Down Bitcoin’s Price
‘The Virtuous Bitcoin Commerce Cycle’ • Right now, there are too
Consumer
converts fiat
to bitcoin
Consumer
spends bitcoin
at merchant
Merchant
utilizes
payment
processor
Payment
processor
converts
bitcoin to fiat
few merchant transactions
to have a significant
influence on price (eg
Overstock.com is only
averaging $15k/day in
sales conducted in bitcoin*)
• In the short-term, it’s true
that timing differences may
lead to commerce supply-demand
imbalances
• Over the medium term,
however, bitcoin-to-fiat
conversions by payment
processors should be
balanced by fiat-to-bitcoin
conversions by bitcoin-spending
consumers
*Source: http://www.coindesk.com/overstock-reveals-bitcoin-sales-averaging-15000-per-day/
State of Bitcoin Q3 2014 13
14. The Mining Arms Race: A More Plausible
Bitcoin Price Drop Theory?
Bitcoin Network Hash Rate (billions of hashes/second), 2010 – Present
300,000,000
250,000,000
200,000,000
150,000,000
100,000,000
50,000,000
0
Source: Blockchain.info
• To remain competitive, miners – who possess perhaps the largest (and ever-growing)
supply of bitcoins – must sell bitcoins to finance running costs and
hardware upgrades
State of Bitcoin Q3 2014 14
15. Other Possible Explanations for Bitcoin’s
Price Decline Include …
• Early adopter sales
• Technology equities correction
• Strong US dollar
• Technical (chart) trends
• 51% attack concerns
• Global instability
• Lower bitcoin price volatility =
fewer speculators
• Seasonal factors (eg “sell in
May and go away”)
• Regulatory concerns (eg NY
BitLicenses)
• Competition concerns (eg
Apple Pay)
State of Bitcoin Q2 2014 15
16. State of Altcoins: Number of Altcoins Up 2x in Last Six
Months, but Market Cap Share Down 65%*
216
262
282
347
362
478 483
23%
9%
2%
7%
6%
5%
8%
25%
20%
15%
10%
5%
0%
600
500
400
300
200
100
0
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Total number of altcoins Altcoins Market Cap Share (%)
*Note: altcoin market cap share calculated by dividing the sum of all non-bitcoin cryptocurrency market caps by all cryptocurrency market caps
(including bitcoin). For example, if altcoins have 8% market value share, then bitcoin has 92% market value share.
Sources: CoinMarketCap, Internet Archive
State of Bitcoin Q3 2014 16
17. While Significantly Below March 2014 High, Current Relative
Value of Altcoins is in Line With Historical Average
4%
9%
38 37
64
83
140
216
262
282
347
362
478 483
9%
9%
12%
23%
9%
2%
7%
6%
5%
8%
25%
20%
15%
10%
5%
0%
600
500
400
300
200
100
0
Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Total number of altcoins Altcoins Market Cap Share (%)
Note: altcoin market cap share calculated by dividing the sum of all non-bitcoin cryptocurrency market caps by all cryptocurrency market caps
(including bitcoin). For example, if altcoins have 8% market value share then bitcoin has 92% market value share.
Sources: CoinMarketCap, Internet Archive
State of Bitcoin Q3 2014 17
19. Selection of Q3’s Biggest Bitcoin Stories
Dell becomes the
largest company to
accept bitcoins as
a means of
payment
Debate about causes of mid-August bitcoin
price crash and downward price trend
Mainstream payments services
announce bitcoin integration
Google integrates bitcoin price into search
State of Bitcoin Q3 2014 19
20. Seven of the Most Popular CoinDesk Q3
Stories About Bitcoin’s Price (vs Four in Q2)
Rank Title Date
1 Tim Draper: Bitcoin’s Price Still Headed to $10k 12th Sep
2 Downward Pressures Persist as Bitcoin’s Price Declines to Near $400 19th Sep
3 State of Bitcoin Q3 2014 Report Reveals Expanding Bitcoin Economy 10th Jul
4 Did Margin Trading Crash the Price of Bitcoin? 15th Aug
5 US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins 1st Jul
6 Price of Bitcoin Drops Below $400 in BTC-e Flash Crash 18th Aug
7 Litecoin Price Decouples from Bitcoin, Slump Continues 2nd Jul
8 Bitcoin Price Drops Below $600 After Relative Stability 24th Jul
9 Price of Bitcoin Falls to $500, Lowest Level Since May 14th Aug
10 PayPal Announces First Partnerships in Bitcoin Space 23rd Sep
Source: CoinDesk
State of Bitcoin Q3 2014 20
21. Continued Mainstream Media Interest
in Bitcoin
Stories Published Mentioning Bitcoin
0 1000 2000 3000 4000 5000 6000
Q3 2012 to Q3 2013 Q3 2013 to Q3 2014
Source: respective publishers’ websites
Reuters
Sina
Guardian
Bloomberg
FT
NYT
WSJ
State of Bitcoin Q3 2014 21
22. Innovative Tools are Emerging to Monitor
Attitudes Towards Bitcoin
CoinDesk Bitcoin Sentiment Index (BSI)
Sources: CoinDesk, Qriously http://www.coindesk.com/sentiment-index/
• The Bitcoin Sentiment Index is a
measure of whether individuals
feel the digital currency’s
prospects are increasing or
decreasing on any given day
• Powered by mobile ad data, the
index provides a snapshot of the
general attitude towards bitcoin in
the US and UK
State of Bitcoin Q3 2014 22
23. ‘Bitcoin’ Searches During Q3 Stayed Relatively
Constant, but Still Well Below Earlier Peaks
Past 90
Days
Past 12
Months
Source: Google Trends data as of 2 Oct 2014
State of Bitcoin Q3 2014 23
24. Related ‘Bitcoin’ Searches Are Becoming More
Sophisticated, Evolving Beyond ‘What is Bitcoin?’
Related Searches: Top Related Searches: Rising
Source: Google Trends data as of 2 Oct. 2014
Past 90
Days
Past 12 Months
State of Bitcoin Q3 2014 24
26. Two Biggest Bitcoin VC Deals in Q3
$20m $14m
(Series A) July 2014 (Series A) September 2014
Source: CoinDesk (http://www.coindesk.com/bitcoin-venture-capital/)
State of Bitcoin Q3 2014 26
27. Q3 Bitcoin Venture Capital Investment Down
From Q2, Up Slightly Over Q1
Total VC investment in
cryptocurrency startups to date*:
Q3 2014 bitcoin VC investment:
$60m $317m
Q2 2014 bitcoin VC investment:
$73m
Increase in total to-date VC
investment from end of Q2*:
+41%
*Q3 figure excludes recent Q4 deals (eg Blockchain $30.5m) but all-time figure of $317m and % growth includes these Q4 deals.
Source: CoinDesk (http://www.coindesk.com/bitcoin-venture-capital/)
State of Bitcoin Q3 2014 27
28. Europe Heats Up: Gained Overall Investment
Share Again in Q3 and Saw the Largest Q/Q %
Increase
Regions
Q3
($m)
Q2
($m)
Q/Q Δ
($m)
Q/Q Δ
US &
Canada
201.1 165.8 35.3 21%
Europe 48.9 30.6 18.3 60%
Asia 26.5 20.8 5.7 27%
Middle
5.5 5.5 0.0 0%
East
L.
America
3.1 2.3 0.8 35%
Total 285.0 225.3 59.8 27%
$ Invested as of Q2
$ Invested as of Q3
Europe
17%
Asia 9%
Middle
East 2%
Latin
America
1%
US &
Canada
71%
Europe
13%
Asia 9%
Middle
East 2%
Latin
America
US & 1%
Canada
78%
• Latin America had the second largest Q/Q % increase in investment
• US & Canada share declined slightly, but still dominates with 71% of all VC $
to date
Note: $ invested represents all-time total bitcoin VC investment at the end of each respective quarter.
Source: CoinDesk (http://www.coindesk.com/bitcoin-venture-capital/)
State of Bitcoin Q3 2014 28
29. While the US Continues to Dominate Bitcoin VC
Investment, its Total Share Declined 7% in Q3
Total Funding (millions)
$0 $0 $0 $0 $1 $1 $1 $1 $2 $2 $3 $4 $6
Source: CoinDesk (http://www.coindesk.com/bitcoin-venture-capital/)
$12 $15 $17 $21
$201
$200
$150
$100
$50
$0
State of Bitcoin Q3 2014 29
30. Silicon Valley’s Share of All-Time Bitcoin VC
Investment Slipped Slightly From 48% in Q2 to 44%
$ Invested No. of Companies
Tech hub
concentration
Value ($m)
No. of
companies
Silicon Valley 126.5 21
Rest of World 158.5 43
Total 285.0 64
Silicon
Valley
Rest of 44%
World
56%
Silicon
Valley
33%
Rest of
World
67%
• Share of VC-backed bitcoin companies based in Silicon Valley continues to
slide, down from 37% in Q2 to 33% in Q3
• Total number of VC-backed bitcoin companies increased from 49 in Q2 to 64
in Q3, a 31% increase
Source: CoinDesk (http://www.coindesk.com/bitcoin-venture-capital/)
State of Bitcoin Q3 2014 30
31. Bitcoin VC Investment is Broadening
Around the Globe
• Six new countries (Germany, Denmark, India, Japan, Luxembourg and
Panama) added their first VC-backed bitcoin startups in Q3, a 2x increase
over the number of new countries in Q2
Source: CoinDesk (http://www.coindesk.com/bitcoin-venture-capital/)
State of Bitcoin Q3 2014 31
32. 2014 Bitcoin VC Investment Projected to
Surpass Early-Stage Internet Investments
Bitcoin vs Early Internet VC Investment (millions)
$91.8
$290.0
$250.1
2013 Bitcoin 2014 Bitcoin Run Rate 1995 Internet*
*Includes first sequence venture deals but excludes late-stage 1995 internet investments ($257.6m). For additional disclosure on
methodology see http://www.coindesk.com/following-money-trends-bitcoin-venture-capital-investment/
Source: CoinDesk, PricewaterhouseCoopers
$350
$300
$250
$200
$150
$100
$50
$0
State of Bitcoin Q3 2014 32
33. The Bitcoin Startup Ecosystem:
Six Different Bitcoin Company Categories
Universal
Wallets
Payment
Processing
Mining
Exchanges
Financial
Services
State of Bitcoin Q3 2014 33
34. Wallets Raised the Most Funding in Q3,
Followed by Financial Services and Mining
Q3 VC Investment by Ecosystem Category (millions)
State of Bitcoin Q3 2014 34
35. Universals Still Command the Most VC
Investment, but Share Slipped by 3% in Q3
$ Invested as of Q3 $ Invested as of Q2
Payment
Processo
r 16%
Exchang
e 16%
Financial
Services
Mining 9%
12%
Wallet
22%
Universal
25%
Sector
Q3
($m)
Q2
($m)
Q/Q Δ
($m)
Q/Q Δ
(%)
Universal 63.9 59.4 4.4 8%
Financial
Services
49.8 33.5 16.2 48%
Mining 48.0 34.0 14.0 41%
Wallet 44.2 21.4 22.8 107%
Exchange
41.1 39.0 2.1 5%
Payment
Processor 38.2 38.0 0.2 0.6%
Total 285.0 225.3 59.8 27%
Payment
Processor
13%
Exchange
14%
Financial
Services
Wallet
15%
Mining 17%
17%
Universal
22%
• Wallets, Financial Services, and Mining sectors continued to receive the lion’s share
of investment in Q3
• Exchanges have only received a combined $4 million over the last two quarters
Note: $ invested represents all-time total bitcoin VC investment at the end of each respective quarter.
Source: CoinDesk (http://www.coindesk.com/bitcoin-venture-capital/)
State of Bitcoin Q3 2014 35
36. Increasing Number of Universal Bitcoin
Companies (Up Over 2x Q/Q)
• As we correctly forecasted in the Q2 State
of Bitcoin, “more and more bitcoin startups
will pursue the universal model”
• Universals operate across more than one
aspect of the bitcoin value chain (eg
Coinplug provides payment processing,
wallet and ATM)
• Universal bitcoin companies leverage two
key elements of financial services:
efficiency and trust
The Universals
State of Bitcoin Q3 2014 36
37. Q3 Investment Rounds in Bitcoin Startups (contd.)
Close
Date
Company Size ($m) Round Select Investors Headquartered
Sep-14 Coinapult 0.78 Seed
Bitcoin Opportunity Corp, Roger Ver,
FirstMark Capital, Erik Voorhees, Ira
Miller
Panama City
Sep-14 Coinify* 0.34 Seed SEED Capital Copenhagen
Sep-14 CoinPlus 0.22 Seed Unknown Luxembourg
Sep-14 Koinify 1.20 First
IDG Capital Partners, Brock Pierce,
zPark Ventures, Danhua Ventures
Mountain View
Sep-14 Gem 2.00 Seed
First Round Capital, Tekton Ventures,
RRE Ventures, Mesa+, Amplify.LA,
Idealab, Baroda Ventures, Crypto
Currency Partners, QED Associates,
Bitcoin Shop, James Joaquin
Venice
*In instances where only an approximate round size is provided (eg Coinify reporting that it raised "several million DKK"
then the low end of the round range estimate is used (eg 2 million DKK for Coinify).
Source: CoinDesk (http://www.coindesk.com/bitcoin-venture-capital/)
State of Bitcoin Q3 2014 37
38. Q3 Investment Rounds in Bitcoin Startups (contd.)
Close
Date
Company Size ($m) Round Select Investors Headquartered
Sep-14 KnCMiner 14.00 Seed Creandum Stockholm
Aug-14 Korbit 3.00 Seed
Softbank Ventures Korea, Pantera
Capital, BAM Ventures, Bitcoin
Opportunity Corp, Tim Draper, Pietro
Dova, Strong Ventures
Seoul
Aug-14 Chain 9.50 Seed
Khosla Ventures, Pantera Capital,
Barry Silbert, RRE Ventures, SV
Angel, Thrive Capital, 500 Startups
San Francisco
Aug-14 BitX 0.85 Seed
Bitcoin Opportunity Corp, Carol
Realini, Ariadne Capital
Singapore
Aug-14 BlockTrail 0.65 Seed Lev Leviev Amsterdam
Aug-14 Bitbond 0.27 First Point Nine Capital Berlin
Aug-14 Unocoin 0.25 First Bitcoin Opportunity Corp Bangalore
Source: CoinDesk (http://www.coindesk.com/bitcoin-venture-capital/)
State of Bitcoin Q3 2014 38
39. Q3 Investment Rounds in Bitcoin Startups (contd.)
Close
Date
Company Size ($m) Round Select Investors Headquartered
Jul-14 Volabit 0.25 First Bitcoin Opportunity Corp Puerto Vallarta
Jul-14 BitFlyer 1.60 First
Unnamed Japan-based venture
capital firm
Tokyo
Jul-14 Elliptic 2.00 First Octopus Investments London
Jul-14 TradeBlock 2.80 First
Andreessen Horowitz, Barry Silbert,
Devonshire Investors, FinTech
Collective
New York
Jul-14 Safello 0.25 Seed Bitcoin Opportunity Corp Stockholm
Jul-14 Xapo 20.00 Seed
Index Ventures, Greylock Partners,
Emergence Capital Partners, Yuri
Milner, Max Levchin, Jerry Yang
Palo Alto
Source: CoinDesk (http://www.coindesk.com/bitcoin-venture-capital/)
State of Bitcoin Q3 2014 39
41. >75K Merchants Now Accept Bitcoin,
Up From 63K in Q2 (+19%)
40K 35K
Source: Coinbase and BitPay
State of Bitcoin Q3 2014 41
42. Forecast Cut for Bitcoin-Accepting
Merchants by 10K to 90K by End of Year
R² = 0.9777
120,000
100,000
80,000
60,000
40,000
20,000
0
Total merchants Forecasted merchants
Sources and notes: total current merchants based on data from Coinbase and BitPay. Historical Coinbase data provided by BitcoinPulse.
BitPay historical data between new merchant press release announcements of 10,000 (16th Sep 2013), 20,000 (13th Jan 2014) and 30,000
(28th May 2014), respectively, calculated using linear interpolation.
State of Bitcoin Q3 2014 42
43. Dell is by Far the Largest Retailer to
Date to Accept Bitcoin
@Dell tweet:
“
If you’re a retailer,
there’s really no
reason not to accept
bitcoin at this point
”
$56.9 billion annual revenue
Source: CoinDesk, Absolute Return
State of Bitcoin Q3 2014 43
44. Companies Representing >$85 Billion in Annual
Revenue Now Accept Bitcoin
Largest Bitcoin-Accepting Retailers
Rank Company
Annual Revenue
($bn)
1 Dell 56.9
2 Dish Network 13.9
3 Expedia 5.0
4 Monprix* 4.3
5 NewEgg 2.8
6 Overstock 1.3
7 TigerDirect* 1.0
8 1-800 Flowers 0.8
Total 85.9
*Monprix is a private company, most recent revenue data available used from 2005. TigerDirect estimate provided by parent company investor relations.
Other divisions that are part of a larger parent organization, but do not break out individual divisional revenues, are excluded.
State of Bitcoin Q3 2014 44
45. Some Merchants are Seeing Significant Sales in
Bitcoin
$300,000
$1,000,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
Q1 Monthly Avg. Projected Q4 Monthly Avg.
Patrick Byrne, Overstock
• Overstock.com is averaging $15k per day in goods sold for bitcoin and is
forecasting over $1m per month by fourth quarter in 2014
Source: http://www.coindesk.com/overstock-reveals-bitcoin-sales-averaging-15000-per-day/
State of Bitcoin Q3 2014 45
46. A Growing Number of Compelling Reasons to Use
Bitcoin to Make Purchases
Dell is offering up to 10% off
certain products for
purchases made with bitcoin
Purse.io customers often
save 10-25% on Amazon
Wish List items purchased
by third parties seeking to
acquire bitcoins for fiat
State of Bitcoin Q3 2014 46
47. Approximately 8 Million Bitcoin Wallets
Still Forecasted by End of Year
Total Wallets
Forecasted Wallets
R² = 0.96
R2 = 0.9365
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0
Sources and notes: total wallets based on data from Blockchain.info, MultiBit, Coinbase, Andreas Schildbach (Android Bitcoin Wallet
developer). Historical Coinbase data provided by BitcoinPulse.
State of Bitcoin Q3 2014 47
48. Bitcoin Remains the Coin of Choice in the Post-
Silk Road Online Black Market
Agora, which is larger than Silk Road 2.0, only accepts bitcoins
• The view that bitcoin would be quickly supplanted by DarkCoin or another
theoretically more anonymous altcoin for black market use appears to be
unfounded
Source: Wired http://www.wired.com/2014/09/agora-bigger-than-silk-road/
State of Bitcoin Q3 2014 48
49. More and More Bitcoin Companies are Advertising
Their Insurance Protection to Customers
Insured by Marsh Insured through London specialist
market, brokered by CBC Insurance
Insured by Aon
Insured by Meridian
• However, the question remains whether companies that have bypassed
insurance (eg Blockchain), or openly eschew it (eg BitReserve), will see lower
customer adoption
State of Bitcoin Q3 2014 49
50. Now Over 260 Bitcoin ATMs
Around the World
Source: CoinDesk (http://www.coindesk.com/bitcoin-atm-map/)
State of Bitcoin Q3 2014 50
51. Most Bitcoin ATMs Concentrated in
North America and Europe
• Lamassu accounts for over a third of the bitcoin ATM market
Source: CoinDesk
State of Bitcoin Q3 2014 51
53. Rise of Discus Fish Mining Pool as a GHash
Counterbalance Has Tempered 51% Attack Concerns
Source: 4-day average as of 2 Oct 2014 blockchain.info/pools
State of Bitcoin Q3 2014 53
54. Bitcoin Developer Ecosystem Continues to
Grow, but Has Slowed Recently
• Developer engagement on open-source projects is tapering
Source: BitcoinPulse
State of Bitcoin Q3 2014 54
55. Will the Decline in the Number of Bitcoin Nodes
Leave Bitcoin Overly Centralized?
• Bitcoin network nodes are needed to ensure all valid bitcoin transactions
that occur are broadcasted in a timely manner
• The number of bitcoin nodes has fallen from a peak of 250k at the end of
Source: BitcoinPulse
2013 to under 7k
State of Bitcoin Q3 2014 55
56. Bitcoin’s Inverted Pyramid Problem Persists
The multi-billion
dollar bitcoin
ecosystem,
comprised of
hundreds of
companies and
thousands of
people …
… rests on the
work of a small
handful of core
bitcoin protocol
developers
• Mike Hearn, bitcoin core developer: “Basically, progress on the bitcoin protocol
has ground to a halt.”
• Questions around how much the problem is due to a lack of funding and
personnel vs governance issues
Source (Mike Hearn quote): Epicenter Bitcoin
State of Bitcoin Q3 2014 56
57. Bitcoin 2.0: Possible ‘Native Apps’
“I am thinking that we will start to see native applications of bitcoin. These would
be things that simply could not exist without this technology.” – Fred Wilson
• Allocating bandwidth, storage, compute: new ways to share and
trade networked resources
• Smart marketplaces: open up access to crowdfunding and crowd labor
services (oDesk, 99 Designs, Beacon Reader, Mechanical Turk) to
anyone with a smartphone
• Micropayments: enabling micropayments on the web and not just for
mobile in-app payments
• Incentivized social software: supplementing likes, followers, karma,
upvotes etc with monetary incentives
Sources: http://avc.com/2014/09/the-bitcoin-hype-cycle/ and http://cdixon.org/2014/10/04/some-ideas-for-native-bitcoin-apps/
State of Bitcoin Q3 2014 57
59. Launch of New Bitcoin Advocacy Groups
Emphasizes Ongoing Regulatory Challenges
Jerry Brito, Coin Center
Jon Matonis, Bitcoin Foundation Perianne Boring, Chamber of
Digital Commerce
• Questions exist around how related Coin Center’s launch is with ongoing
controversy surrounding the Bitcoin Foundation
State of Bitcoin Q3 2014 59
60. Bitcoin Businesses are Already Pulling Out
of New York Due to BitLicense Concerns
New York
vs
London
NY’s Ben Lawsky UK’s George Osborne
• Circle and others have announced they won’t accept NY-based customers if BitLicense
rules are implemented in their current form
• UK Chancellor George Osborne has announced he is looking to make the UK attractive to
bitcoin startups and capital
• Startups like Epiphyte have already relocated from NY to seemingly friendlier London
State of Bitcoin Q3 2014 60
61. Well-Funded Bitcoin Startups are Able
to Secure Banking Relationships
Source: CoinDesk (http://www.coindesk.com/bitcoin-venture-capital/)
$27.5m funding
$10.0m funding
$9.0m funding
$5.0m funding
Reasons banks
hesitate on
bitcoin:
• bigger risks
• higher costs
• more work
• Low ROI
• regulatory
pressure
• prohibited by
regulators
State of Bitcoin Q3 2014 61
62. Secession Votes Prompt Monetary Questions and
Could Create Openings for Alternative Currencies
Debate over currency was at the
forefront of Scotland’s
independence campaign
Catalan independence vote
scheduled to take place on 9th
November
State of Bitcoin Q3 2014 62
63. New Index Ranks 177 Countries by Relative
Potential to Adopt Bitcoin
The Bitcoin Market Potential Index™ (BMPI) – The Top 10
Rank Country
1 Argentina
2 Venezuela
3 Zimbabwe
4 India
5 Nigeria
6 Brazil
7 United States
8 Nicaragua
9 Russia
10 Iceland Cristina Fernández de
Kirchner’s Argentina is #1
Source: Hileman (2014) ‘Bitcoin Market Potential Index’, London School of Economics working paper.
Announcement article: http://www.coindesk.com/argentina-most-likely-adopt-bitcoin/
State of Bitcoin Q3 2014 63
64. Index Rankings Determined by Seven
Equally Weighted Categories
‘Positive’ Index Ranking Drivers ‘Negative’ Index Ranking Drivers
• Remittances • Inflation
• Technology penetration • Financial repression
• Bitcoin penetration • Financial crisis – historical
• Black market
Index methodology: 39 differently weighted variables (and counting) grouped into
the above seven equally weighted sub-index categories
Source: Hileman (2014) ‘Bitcoin Market Potential Index’, London School of Economics working paper
Announcement article: http://www.coindesk.com/argentina-most-likely-adopt-bitcoin/
State of Bitcoin Q3 2014 64
65. Latin America Most Fertile Region for
Bitcoin, Followed by Africa and Post-Soviet
BMPI Regional Distribution
-
Top 30
BMPI Regional Distribution -
Top 10
Source: Hileman (2014) ‘Bitcoin Market Potential Index’, London School of Economics working paper
Announcement article: http://www.coindesk.com/argentina-most-likely-adopt-bitcoin/
State of Bitcoin Q3 2014 65
66. BMPI Heat Map (Interactive Version at
BitcoinIQ.info)
BitcoinIQ.info
Source: Hileman (2014) ‘Bitcoin Market Potential Index’, London School of Economics working paper.
Announcement article: http://www.coindesk.com/argentina-most-likely-adopt-bitcoin/
State of Bitcoin Q3 2014 66
67. Views on Bitcoin
Think of the cellphone. There were never more than 1.2
billion landlines. Then the cellphone came and we’re at 6.3
billion. Why? It’s not because only those people wanted to
communicate. The landlines were all post-pay. You need to
have credit to get one. The cell phones were pre-paid.
Suddenly you could get one with cash. It had nothing to do
with technology. It was an economic restriction. Now there
are 1.5 billion bank accounts, same threshold as land
lines. I think bitcoin will allow us to see 6.3 billion
people banking on their cell phones.
When people write the history of this thing, of bitcoin, they are
not going to write the story of 6 million to a billion. What is
truly remarkable is the story of zero to 6 million. It has already
happened! And we’re not paying attention! That’s incredible.
That’s what had one chance in a million and it already
happened.
“
“
”
Source: The Verge
Wences Casares
Xapo
State of Bitcoin Q3 2014 67
68. Appendix - CoinDesk
• Find out more at www.coindesk.com
• Follow us on Twitter: @coindesk
• Subscribe to our daily email newsletters for the latest digital currency news
• If you have data you think should be included in future State of Bitcoin
reports, email stateofbitcoin@coindesk.com
• We also welcome any feedback you have on the report
State of Bitcoin Q3 2014 68
69. Disclaimer
• CoinDesk makes every effort to ensure that the information in this
presentation is accurate and up to date. We cannot, however, accept
responsibility for any loss or inconvenience caused by reliance on the
material contained here.
• This presentation does not constitute financial advice or an investment
recommendation in any way whatsoever. It is recommended that you
perform your own independent research and/or speak with a qualified
investment professional before making any financial decisions.
State of Bitcoin Q3 2014 69