Welcome!

.NET Authors: Pat Romanski, Elizabeth White, ChandraShekar Dattatreya, Trevor Parsons, Peter Silva

News Feed Item

Global Bitcoin: A Market Hype or Reality Industry

NEW YORK, April 22, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Global Bitcoin: A Market Hype or Reality Industry
http://www.reportlinker.com/p02070093/Global-Bitcoin-A-Market-Hype-or-Reality-Industry.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Banking

This report analyzes the global market for Bitcoin in terms of Cumulative Number of Bitcoins in Circulation in Thousands. Annual estimates and forecasts are provided for the period 2010 through 2018. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 49 companies including many key and niche players such as -

TerraHash
CoinTerra
Butterfly Labs Inc.
KnCMiner AB
Robocoin Technologies LLC

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-2
Product Definitions and Scope of Study I-3

II. MARKET BUZZ

1. INDUSTRY OVERVIEW II-1
Bitcoin: A Prelude II-1
Table 1: Bitcoin Penetration in Select Countries Worldwide
Measured by the Number of Bitcoin Software Client Downloads
Presented As a Percentage (%) of Total Population for the
Year 2013 (includes corresponding Graph/Chart) II-2

Table 2: Volume of Bitcoin Software Client Downloads for Top
5 Countries for the Month of December 2013 (includes
corresponding Graph/Chart) II-3

Table 3: Volume of Bitcoin Software Client Downloads by
Select Country for 2013 (includes corresponding Graph/Chart) II-3

Table 4: Global Bitcoin Market (2013): Percentage Share
Breakdown of Bitcoin Software Client Downloads by Operating
System (OS) in Select Countries (includes corresponding
Graph/Chart) II-4

Table 5: Leading Bitcoin Exchanges Worldwide: Percentage
Breakdown of Bitcoin Trading Transaction Volumes by Company
for H2 2013 (includes corresponding Graph/Chart) II-4

Table 6: Number of Bitcoin Transactions Worldwide Per Day (in
Thousands) for Years 2010 Through 2014 (includes
corresponding Graph/Chart) II-5

Table 7: World Market for Bitcoin (2011-2014): Breakdown of
Bitcoin Transaction Fees (In US$) (includes corresponding
Graph/Chart) II-5
The 2007-2009 Recession Marks the Emergence of the Bitcoin System II-6

2. RECENT PAST & CURRENT MARKET SCENARIO II-7
Will the Global Market Instability Drive Future Adoption of
Bitcoin? II-7
Eurozone Crisis Drives Pan European Interest in Bitcoin: A
Case-In-Point II-8
Partial Government Shutdown in the United States Raised Value
of Bitcoin II-9
Growing Acceptance Value & Quantity Value of Bitcoin Spurs
its Proliferation II-9
2013Q4: Bitcoin Soars in Value & China Becomes the Leading Player II-10
Argentina Adds Momentum to Bitcoin Adoption II-11
What Drives the Current Political Pressure on Bitcoin Governance? II-11
Germany's Bid to Regulate & Control Bitcoins Invites Skepticism II-12
Hard-Line Regulatory Approach of the United States II-13
Early Chinese Dominance Compels US to Cautiously Soften its
Regulatory Stand on Bitcoin II-14
A Peek into Bitcoin Regulations in the US II-14
New York Financial Regulator Moves Forward with Tight
Bitcoin Regulations II-15
China's New Stand to Regulate Bitcoin Trading Forces Meltdown
in Bitcoin Value II-15
Russian Authorities Warn Against Use of Bitcoins II-16
Bitcoin as a Payment Network: A Peek Into Its True Potential II-17
E-Commerce Popularity Benefits the Use of Bitcoin as a Means
of Payment II-18
Will Bitcoin Replace Credit Cards? II-19
Bitcoin as an Alternative for Making Micropayments II-20
Growing Use of Bitcoin for International Funds Transfer II-20
How Pragmatic Is the Evolution of a Pure Bitcoin Based
Financial Economy? II-20
Is Bitcoin Truly a Full Reserve Banking Alternative to the
Current Fractional Reserve Banking System? II-20
High Energy Requirements of Bitcoin Mining Raises Skepticism II-21
Is Bitcoin Liquid Enough to Challenge Fiat Currency? II-22
The Advent of Colored Coins Adds to Bitcoin Popularity II-23
Bitcoin Mining Hardware & Cloud Based Bitcoin Mining Grow in
Popularity II-23
Understanding Bitcoin's Concept of Anonymity is the Key to
Wider Adoption II-24
Complexity of Bitcoin Mining Drives Popularity of Pooled Mining II-24
Table 8: Bitcoin Mining Worldwide: Percentage Share Breakdown
of Bitcoin Mining Pools As Measured by Hashrate Distribution
As Recorded on 17th January 2013 (includes corresponding
Graph/Chart) II-25
PayPal Mulls the Possibility of Extending Support to Bitcoin II-25
Online User Friendly Wallets II-25
Escrow Service for Large Transactions II-26
Merchant Acceptability II-26

3. BITCOIN MARKET OUTLOOK II-27
An Optimistic Research Perspective II-27
Factors Encouraging Optimism: II-27
Bitcoin Exchanges Survive Chinese Crackdown II-27
US Businesses Help Bitcoin Make a Price Comeback Post
Chinese Crackdown II-28
Busting of the Silk Road Underground Drug Market and its
Positive Implications II-28
Weak Banking Systems & High Mobile Penetration Favor Bitcoin
Proliferation in Africa II-29
Growing Interest in Bitcoin Investment II-29
Table 9: Average Value of Bitcoin to US Dollar (US$ Per
BTC): Quarterly Breakdown for Years 2011 Through 2013
(includes corresponding Graph/Chart) II-31
Venture Capital Interest in Bitcoin Soars II-31
Top 5 Venture Capital Investments in 2013: II-32
Winklevoss Twins' Investment Fund for Bitcoin: A Bold Step
Forward II-32
Bitcoin ATMs Herald the Emergence of Bitcoin as a Mainstream
Currency II-32
A Pessimistic Research Perspective II-33
Dizzy Spiral of Bitcoin Value to Over US$1240 Punctures the
Bitcoin Currency Hype by Igniting Bubble Fears II-34
Institutional Adoption of Bitcoin Still Slow II-35
Technical Glitch Halts Bitcoin Withdrawals at a Major Bitcoin
Exchange - Exposes Vulnerability of Existing Bitcoin
Infrastructure II-35
Distributed Denial-of-Service Attacks - Another Technical
Challenge Currently Being Faced by Bitcoin Exchanges II-36

4. BITCOIN: CONCEPTUAL OVERVIEW II-37
Bitcoin: An Introduction II-37
History II-37
Regulatory Environment II-38
Key Benefits Driving Adoption of Bitcoin II-38
Pseudo-Anonymity & Privacy II-38
Immune to Monetary Inflation II-38
Impervious to Manipulation II-38
Irreversible Transactions II-39
Portability II-39
Low Cost II-39
Divisibility II-39
Economic Independence II-39
Key Challenges to Adoption of Bitcoin II-40
Bitcoin Anonymity & Unregulated Attributes II-40
Lack of Accountability II-40
Impairs National Development II-40
Hoarding & Speculative Trading II-41
Inequitable Distribution of Wealth II-41
Extreme Volatility II-41
Merchant Acceptability II-41
Irreversible II-41
Security Breach II-42
Difficult to Coordinate II-42
Negative Foundation II-42
Vulnerable to Malicious Manipulation II-42
The Promising Future of Cryptocurrency Spurs Competitive
Alternatives to Bitcoin II-42
Litecoin (LTC) II-43
PPCoin (PPC) II-43
Freicoin (FRC) II-44
MintChip II-44
Feathercoin II-44
Ripple II-45
"Bitcoin Bridge" to Ripple: A Threat or an Opportunity? II-45

5. RECENT INDUSTRY ACTIVITY II-46
CoinTerra Introduces TerraMiner™ Design II-46
CoinTerra Unveils Two Low-Cost Bitcoin ASIC Mining Solutions II-46
CoinTerra Launches GoldStrike1™ ASIC and TerraMiner™ IV
Bitcoin Mining Rigs II-46
Alchip & KnCMiner AB Introduces 28nm Bitcoin Mining ASIC II-46
eGenesis Launches Dragon's Tale Multiplayer Role-Playing Casino II-46
BitPremier Launches New Bitcoin Startup Venture II-47
Bitcoin Ventures Launches CoinTap Gift Card II-47
Bitcoin Ventures Introduces New CoinTap Reload Card II-47
Phoenix Technologies Unveils X Series Bitcoin Mining Hardware II-48
BTC-e Unveils Demo Version of MetaTrader 4 Platform II-48
AvaTrade Announces Availability of BTC/USD Bitcoin Trading on
MT4 and AvaTrader II-48
Kipochi Introduces Kipochi BitCoin Wallet II-48
Bitfinex Introduces Litecoin Trading II-48
Tradehill Introduces Prime Bitcoin Currency Exchange II-48
MonsterMegs Expands Payment Options for Hosting Services II-49
Bittylicious Introduces Bitcoin Purchase Service II-49
ForexMinute Launches Bitcoins News Widget II-49
CoinTerra Partners with CoolIT Systems for Cooling Solutions II-50
BitPay and 3dcart Enter into Partnership II-50
Bitstamp Collaborates with GBGroup to Improve Identity
Verification Standards in Bitcoin Trading II-50
Fidor Bank and bitcoin.de Enter into Partnership II-50
PureVPN Adopts Bitcoin Technology for Offering Anonymous
Payment Solution to Users II-51
Bitcoins Continue to Offer Alternative Payment Solution in Kenya II-51
Winklevoss Bitcoin Trust Makes Efforts for Increasing
Credibility of Bitcoins II-51
OpenCoin Announces Expansion of Ripple Network II-52
Murfie Announces Acceptance of Bitcoins Use for Buying Murfie
Credit II-52
Mobile Apps Continue to Enable Bitcoin Transactions II-52
Bitcoinstore Opens Bitcoin-Only Online Electronics Store II-52
EastWestHydro.com Chooses Bitcoin as Alternative Method of
Payment II-53
Deed Poll Name Change System Accepts Payments in Bitcoins II-53
Text2Pay Provides Bitcoin Digital Currency II-53
Beanstalk Solar Hosting Adds Bitcoins Processing Capability II-53
Mesasix Adopts Bitcoins Payments Method II-53
ForexMinute Announces Addition of Dedicated Section for Bitcoins II-54
TruLiteLED Accepts Bitcoin Payments for LED Grow Lights Purchases II-54
NetDNA Announces Acceptance of Bitcoin Payments by MaxCDN II-54
CoinMama Announces Successful Development of Platform for
Secure Purchase of Bitcoins via PayPal II-54
Berwick to Set Up New Bitcoin ATMs II-54
Ethos Adopts Bitcoins as New Payment Mode II-55
Reddit Accepts Bitcoin Payments for Reddit Gold Subscription
Service II-55
BitPay Enters into Partnership with Gyft II-55
Lamassu to Introduce Production Bitcoin Machine ATM II-55
Coinbase Rolls Out New Promotion Offer II-55
BitPay Updates Payment Gateway Platform II-56
HashFast Technologies to Commence Production of New Golden
Nonce Chip II-56
Coinbase Announces Addition of Ability for Instant Buying of
Bitcoins for Verified Accounts II-56
OKPAY Integrates Bitcoin into Trading System II-56
MainTraditions.com Announces Acceptance of Crypto-Currency II-57
Bitronic Technologies Introduces Bitcoin Tribe Bitcoin Social
Network II-57
Bitronic Technologies Adds Supplementary Functionality to
Bitronictech.net Website II-57
BitInstant Expands Payment Options II-57
Amagi Metals Becomes the Largest Global Bitcoin Retailer II-58
Mt.Gox to Take Over Bitomat.pl II-58
Mt.Gox to Take Over MtGoxLive.com II-58
Switchpoker.com Launches Bitcoin as Deposit/ Withdrawal Option II-59
Mt. Gox Selects YubiKey Security Solution of Yubico II-59

6. PLAYERS IN THE BITCOIN ECOSYSTEM II-60
Bitcoin Mining Equipment Manufacturers II-60
TerraHash (USA) II-60
CoinTerra (USA) II-60
Butterfly Labs Inc. (USA) II-60
KnCMiner AB (Sweden) II-60
Robocoin Technologies LLC (USA) II-61
Bitcoin Mining Contractors/Services Providers II-61
Bitcoin Cloud Mining (USA) II-61
Cloud Hashing (UK) II-61
Pyramining (USA) II-62
MinerLease (USA) II-62
E-pickaxe (Argentina) II-62
BitcoinFrenzy (USA) II-62
Byteminr Limited (UK) II-62
Bitcoin Exchanges II-63
Bitcoin Central (France) II-63
BTCChina (China) II-63
Bitstamp Ltd. (UK) II-63
BTC-e (USA) II-63
Campbx (USA) II-64
Digital Future LLC (Poland) II-64
Mt.Gox Co. Ltd. (Japan) II-64
RMBTB (China) II-64
VirtEx (Canada) II-65
Bitcoin Based Companies (Includes Bitcoin Trading Platforms,
and Payment Processing Companies, Among Others) II-65
BitPay, Inc. (USA) II-65
Coinbase (USA) II-65
Gliph, Inc. (USA) II-66
Coinsetter Inc. (USA) II-66
TruCoin Technologies LLC (USA) II-66
BTCJam (Brazil) II-66

7. GLOBAL MARKET PERSPECTIVE II-67
Table 10: World Recent Past, Current and Future Analysis for
Bitcoin Analyzed by Cumulative Number of Bitcoins in
Circulation in Thousands for Years 2010 through 2018 (includes
corresponding Graph/Chart) II-67

III. COMPETITIVE LANDSCAPE

Total Companies Profiled: 49 (including Divisions/Subsidiaries - 49)

The United States (22)
Canada (3)
Japan (1)
Europe (14)
- France (1)
- Germany (1)
- The United Kingdom (6)
- Rest of Europe (6)
Asia-Pacific (Excluding Japan) (4)
Latin America (3)
Africa (2)

To order this report: Global Bitcoin: A Market Hype or Reality Industry
http://www.reportlinker.com/p02070093/Global-Bitcoin-A-Market-Hype-or-Reality-Industry.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Banking

__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001

SOURCE Reportlinker

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, and physical persons. In the IoT vision, every new "thing" - sensor, actuator, data source, data con...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people's real needs and desires.
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.