The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin (BTC) Gaining Interest From Public Companies, Venture Capitalists and Tech Giants

by Baran Giresunluoglu
April 13, 2019
in HodlX
HodlX Guest Post  Submit Your Post
 

The price of Bitcoin has seen a sharp increase in the past week, up over 30%, leading to interest from investors all around the globe, including Wall Street. Aside from the price increase, the Bitcoin network has been growing at a steady pace with approximately 400,000 daily Bitcoin transactions compared to only 200,000 daily transactions during the previous year.

Lately, Bitcoin has been making headlines in the news and other media outlets, generating interest from investment banks, venture capitalists, hedge funds and retail investors. Partnerships, acquisitions, and other deals are actively taking place around Bitcoin-related projects in the private equity world and public markets.

On March 17th, a crypto investment app, Donut, raised $1.8 million in a seed funding round. The round was led by Redalpine. Venture capital firms, including EarlyBlock and Entrepreneur First, as well as other investors participated in the seed funding.

On Wednesday, a publicly traded company on the U.S. Stock Exchange, Social Detention Inc (SODE), announced an acquisition deal with retail/technology company Bitplaza, which developed the world’s first Bitcoin-dedicated shopping app, globally available on app stores.

President and CEO of Social Detention Inc. (SODE) was quoted as saying,

“When we first saw what Bitplaza was doing with blockchain we had to be a part of it. It is literally the first dedicated marketplace that accepts Bitcoin. We see blockchain as a catalyst and space that will provide Social Detention Inc. significant shareholder value as we now have another path to profits in a growing sector. This acquisition allows us to benefit immediately as the technology is launched and generating revenue.”

Major tech giants are also showing interest and developing technologies in the cryptocurrency space. As previously reported, Sony Corporation (NYSE: SNE) and Samsung both developed their own cryptocurrency wallets, and they actually have some pretty unique features. Sony successfully created a thin, card-like physical cryptocurrency hardware wallet using IC card technology. The company has mentioned plans to commercialize the crypto wallet in the future.

Sony CSL Develops Cryptocurrency Hardware Wallet Technology Using IC Cards
Source: Sony

The Samsung Blockchain KeyStore app is a cold storage wallet which is built into the new Galaxy S10 smartphone. The Samsung developed wallet offers some cool features such as biometric security solutions with its ultrasonic fingerprint scanner. The tech giant unveiled the wallet in March.

Closing Statement

2019 has been a very progressive year so far with price action starting to reflect the many developments made within the industry. Crypto investors, traders, enthusiasts and industry professionals are confirming a trend reversal suggesting a new bull market ahead. Privately-held and publicly traded companies on the stock exchange are also benefiting from the new bullish market cycle. Partnerships and acquisitions are actively taking place, and in addition to these developments, new companies are frequently entering the industry and shifting their team efforts to advance blockchain technology and maked Bitcoin easier to use.

The Bitcoin network is also getting larger with the number of transactions increasing, suggesting a bright future ahead with a growing user-base in many new regions of the world.

Confirmed Number of Daily Bitcoin Transactions
Source: Blockchain.info

 

Check Latest Headlines on HodlX


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Bumper’s Breakthrough DeFi Protocol Set To Reshape Options Pricing
    May 31, 2023
  • MetaZone Secures Funding To Expand the World’s First Tokenized App Platform for the Metaverse
    May 30, 2023
  • The QWAN Launch – A Token for the Global Gaming Industry
    May 30, 2023
  • Bitcoin.com’s VERSE Token Now Available for Trading on Kucoin
    May 29, 2023
  • Huobi Set To Launch Trading Service in Hong Kong
    May 26, 2023
  • Stably Launches #USD As the First BRC20 Stablecoin on the Bitcoin Network
    May 25, 2023
  • The Open Network (TON) Unveils DeFi and Data Analytics Hackathon in Collaboration With DWF Labs and Amazon Web Services
    May 25, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,019.24
$27,019.24
2.73%
Ethereum
$1,862.87
$1,862.87
2.38%
Cardano
$0.375214
$0.375214
0.91%
XRP
$0.514888
$0.514888
1.74%
Dogecoin
$0.07164
$0.07164
1.28%

Spotlight

  • Top Analyst Predicts Strong Short Squeeze for Bitcoin to $30,000 – But There’s a Big Catch
    May 24, 2023
  • Dogecoin Whale Transfers Over $396,800,000 in Series of Transactions – Here’s Where the Crypto Is Going
    May 24, 2023
  • Here’s What’s in Store for Pepe, Chainlink, Avalanche and One Additional Altcoin, According to Popular Analyst
    May 24, 2023
  • Wall Street Execs Preparing for US Debt Default, Potential Collapse in Mortgage and Stock Markets: Report
    May 24, 2023
Coinfest Asia Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl