Click here to close now.

Welcome!

Microsoft Cloud Authors: Liz McMillan, Elizabeth White, Pat Romanski, Jaynesh Shah, Carmen Gonzalez

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
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...
The world is at a tipping point where the technology, the device and global adoption are converging to such a point that we will see an explosion of a world where smartphone devices not only allow us to talk to each other, but allow for communication between everything – serving as a central hub from which we control our world – MediaTek is at the heart of both driving this and allowing the markets to drive this reality forward themselves. The next wave of consumer gadgets is here – smart, connected, and small. If your ambitions are big, so are ours. In his session at @ThingsExpo, Jack Hu, D...
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...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An active participa...
We’re entering a new era of computing technology that many are calling the Internet of Things (IoT). Machine to machine, machine to infrastructure, machine to environment, the Internet of Everything, the Internet of Intelligent Things, intelligent systems – call it what you want, but it’s happening, and its potential is huge. IoT is comprised of smart machines interacting and communicating with other machines, objects, environments and infrastructures. As a result, huge volumes of data are being generated, and that data is being processed into useful actions that can “command and control” thi...
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists will peel away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fil...
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other machines...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
The worldwide cellular network will be the backbone of the future IoT, and the telecom industry is clamoring to get on board as more than just a data pipe. In his session at @ThingsExpo, Evan McGee, CTO of Ring Plus, Inc., discussed what service operators can offer that would benefit IoT entrepreneurs, inventors, and consumers. Evan McGee is the CTO of RingPlus, a leading innovative U.S. MVNO and wireless enabler. His focus is on combining web technologies with traditional telecom to create a new breed of unified communication that is easily accessible to the general consumer. With over a de...
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize supplier management. Learn about enterprise architecture strategies for designing connected systems tha...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. He discussed opportunities and challenges ahead for the IoT from a market and technical point of vie...
Grow your business with enterprise wearable apps using SAP Platforms and Google Glass. SAP and Google just launched the SAP and Google Glass Challenge, an opportunity for you to innovate and develop the best Enterprise Wearable App using SAP Platforms and Google Glass and gain valuable market exposure. In his session at @ThingsExpo, Brian McPhail, Senior Director of Business Development, ISVs & Digital Commerce at SAP, outlined the timeline of the SAP Google Glass Challenge and the opportunity for developers, start-ups, and companies of all sizes to engage with SAP today.
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 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...