Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • 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 Blog
    • Press release
    • Sponsored post
  • 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 Your Guest Blog
  • 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 Blog
    • Press release
    • Sponsored post
  • 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

  • Swappi (PPI) Announces First Exchange Listing on BitMart
    July 1, 2022
  • Yield App Joins Forces With Unstoppable Domains To Simplify Web 3.0 Journey
    July 1, 2022
  • ARK Has Introduced a New Blockchain Consensus Technology
    June 30, 2022
  • Cantina Royale Taps Elrond Apes To Boost Its In-Game Cross Chain NFT Collections
    June 28, 2022
  • Saddle Finance Announces End of Lock-Up Period for Its SDL Token
    June 24, 2022
  • NFTs Accessible to All With Launch of Fiat-Focused SIMBA Market
    June 23, 2022
  • Korea Blockchain Week To Hold First Live Event in Seoul After Covid Hiatus
    June 23, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$19,865.36
$19,865.36
3.7%
Ethereum
$1,138.06
$1,138.06
8.23%
Cardano
$0.458598
$0.458598
2.19%
XRP
$0.322165
$0.322165
1.54%
Dogecoin
$0.067564
$0.067564
2.16%

Spotlight

  • Veteran Trader Tone Vays Updates Bitcoin Forecast As BTC Clings to $20,000
    June 30, 2022
  • Crypto Analyst Who Nailed Bitcoin Collapse This Year Issues Warning, Says Fresh BTC Crash Imminent
    July 3, 2022
  • Crypto Legend Who Called 2018 Bitcoin Collapse Says One Chart Could Be the ‘Big Tell’ for BTC
    June 28, 2022
  • Under-the-Radar Hedge Fund Altcoin Surges 130% in One Week, Defying Crypto Downtick
    July 1, 2022
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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 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 Your Guest Blog
  • 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 Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl