Bitcoin is the most mentioned term related to innovative value transfer systems, data from social media on the topic of payment and fintech, reveals. BTC received 957 mentions in December, as the coin wrapped up a stunning decade of price appreciation.
Bitcoin Leads Social Media Activity After Encouraging Performance in 2019
Analysis of social media activity by GlobalData revealed Ethereum was also an often-mentioned term, with 158 mentions in December. The coin is not as prominent itself but has become the basis for a wider system of tokens and payment channels. The analysis reveals the crypto space has become an integral part of a boom in payment service and fintech expansion.
The decade ahead is one anticipated to be swept with technological disruption, the way we #pay for things makes no exception. GlobalData has forecast which #Countries will most likely be the #leaders in moving towards a truly #cashless #society https://t.co/xyy0xoqzMO
— GlobalData Banking (@Banking_GD) January 13, 2020
Tweets and mentions of BTC are often related to price action and predictions. In 2019, this was also the leading coin, with a robust 92% net gain, explaining the active discussion. Over the past year, BTC also dominated the market in terms of overall capitalization and brought more attention to itself with new futures and options platform launches.
Cryptocurrency is also an often-mentioned term, with 809 mentions in December. According to analysis, a boost to mentions came from the ShapeShift and Coinbase Twitter handles, stressing the possibilities for safer transactions.
Cryptocurrency, Blockchain Still in Vogue
Crypto and cryptocurrencies were the second most mentioned terms during December. Improved security for trading digital currencies was highlighted in tweets by digital currency trading platforms ShapeShift and Coinbase that came up with new features to safely transact using cryptocurrencies. Overall, cryptocurrency was mentioned 809 times on social media.
.@YouTube just removed most of my crypto videos citing "harmful or dangerous content" and "sale of regulated goods"… it's been 10 years of making videos, 200k+ subs, and 7M+ views. WTF are you guys doing @TeamYouTube?! pic.twitter.com/MPcKbBVrC4
— Chris Dunn (@ChrisDunnTV) December 23, 2019
Blockchain was still one of the hot terms, mentioned in relation to venture capital. Blockchain is viewed as the more harmless term, possibly allowing the usage of the technology without adopting a disruptive stance to money or finance. Active mentions come on the tail of increased venture capital investments in the space, from $2 million in 2012 to as much as $2.5 billion in 2019, as noted by Bitcoin supporter Jameson Lopp.
Fintech was also a breakaway topic, with 381 mentions. The sector expects expansion and adaptation in 2020, as fund inflows to this space grew in the last few months of 2019. Mentions of fintech were tied up with relations to AI, machine learning, blockchain, as well as 5G, cybersecurity, and Chinese fintech ecosystems.
In 2020, the expectations are for regulations to become clearer and more transparent, as the sector sheds most of its fly-by-night projects. Regulators constantly adapt to new inventions in the space, moving in to either codify or ban some activities. Regulations in the EU tend to focus on money-laundering and terrorist financing. The US Securities and Exchange Commission looks into IEO token sales, with a critical eye on breaking securities law.
What do you think about the prominence of Bitcoin in social media mentions? Share your thoughts in the comments section below!
Images via Shutterstock, Twitter: @Banking_GD, @ChrisDunnTV The post appeared first on Bitcoinist.com. origin »
The altcoin season is over without even taking off. Mentions of altcoins in social networks and media fell to a historic low, wiping out investors aspirations for the revival of this market.
Research by cryptocurrency researchers has shown that Bitcoin SV has suffered one of its biggest plunges in October. Twitter shows that the “altcoin mention season” has drastically dropped this month, TIE reported.
Social media mentions of “altcoin season” were fewer and far between in the past weeks, after several crashes almost erased the gains made in 2019. Altcoins gave way to growing Bitcoin (BTC) maximalism, as the leading coin outperformed most smaller assets.
Bitcoin SV, an offshoot blockchain project that self-proclaimed bitcoin inventor Craig Wright supports, is losing touch with its core audience on Twitter. Cryptocurrency researchers at the TIE found that Bitcoin SV lately suffered one of its worst ‘Twitter-mentions’ deficit.
Twitter, one of the most popular social media platforms in the world, has registered the highest number of Bitcoin (BTC) mentions since February 2018. This shows that the sentiment in the space is again surging and the interest for Bitcoin is also growing.
By CCN: Augmento is an artificial intelligence platform that analyzes trends and data to “augment human decision-making. ” The firm posted the results of its look into the bitcoin bear market today with an eye toward determining if crypto winter is truly over.
The blockchain technology is surely getting mainstream these days. While some years ago it would almost never be mentioned at all outside of crypto circles, now the media is talking about it all the time and even TV shows and movies are creating stories about it.
After a week of community discontent, cryptocurrency exchange Coinbase has decided to sever its business relationship with Neutrino employees who previously worked at the notorious Italian malware/software provider Hacking Team.
A few weeks ago, we at Santiment launched a new tool called ‘Top Social Gainers’: every few hours, it calculates the top 10 words with the largest spike in mentions on crypto-specific social media.
There is a widely spread narrative in crypto community that social media, especially Twitter, is swarmed by XRP shilling bots. Essentially, whenever someone mentions XRP or Ripple in their tweet, at least 3-5 users emerge from the Twitter depths to either support (if the tweet is XRP positive) or attack the tweet (if it is […]
The post Onslaught of pro-Ripple bots on social media: XRP beats mustard and mayonnaise as the best condiment appeared first on CaptainAltcoin.
Bitcoin started on October 31, 2008, when Satoshi Nakamoto created a peer-to-peer electronic cash system that eliminated the need for a trusted third party. Ten years down the line, the identity of Nakamoto is still a mystery, but the Bitcoin network is slowly inching towards mainstream adoption.
Interest in blockchain technology has considerably increased in one of the less expected areas: supply chains and the food industry. According to CB Insights, media mentions of both the blockchain,.
