Welcome!

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.

Latest Stories
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...