Remove Concentration Remove Financial Systems Remove Investments Remove Securities
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Bitfinex Was A Teaching Moment

PYMNTS

Also, high capital costs of the latest mining facilities and systems are creating a barrier to entry for new miners. The concentration of bitcoin mining increases the likelihood miners will collude to attack the blockchain, and as profitability goes down, fewer miners will operate and existing incumbents will consolidate.

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Can FinTech Walk The FinTalk?

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According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. And in 2017, those investments were off-the-charts nuts. Most of that spend will be concentrated in the U.S.,

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Why It’s Time To Come Down On Bitcoin

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More than $1 billion was invested in bitcoin ventures in 2015 alone and billions more in the blockchain technologies that underpin the ledgers that record bitcoin transactions. At the same time, experts urge businesses to invest in stronger security controls to protect against the growing threat of cybercrime — clearly sound advice.

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Why It’s Time To Shut Down Cryptocurrencies

PYMNTS

It’s a storyline with some very strong parallels to the cryptocurrency stories being told and the investments that they now garner. These early advocates have stimulated a vast amount of investment into this vision; $1.7 billion has been invested into bitcoin/crypto-related ventures over the last eight years.

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Bitcoin: 10 Years Of Smoke And Mirrors

PYMNTS

Bitcoin’s processing operation is highly concentrated within a handful of miners in China — which is getting more concentrated now, since the price of bitcoin has crashed and fewer players can afford to keep the lights on (literally, since bitcoin processing requires a massive amount of electricity). It isn’t because it won’t.