29 Dec '15, 9pm

The great bitcoin gold rush may already be over

The great bitcoin gold rush may already be over

Thomson Reuters A Bitcoin sign can be seen on display at a bar in central Sydney, Australia Bitcoin companies may have already hit their peak. Venture fundraising in the bitcoin-related space has fallen sharply from the first quarter high, with big banks on Wall Street now looking to develop technology in-house rather than putting money to work in the space. "Unfortunately, many banks and institutions have focused on the creation of their own blockchains instead of innovating on the bitcoin blockchain," Michael Sonnenshein, director of sales and business development at Grayscale Investments, told Business Insider. One of the high-profile startups running into difficulty raising new capital is Blythe Masters' blockchain startup, according to a report in the New York Times. Digital Asset Holdings, a blockchain company providing distributed ledger and settlement services, has...

Full article: http://uk.businessinsider.com/the-great-bitcoin-gold-rush...

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