Blockchain Blog

Bitcoin News for the week of 12/28/15

Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This is our first recap for 2016, which covers the last week of 2015. As we rang in the new year, we took a look back at the price of bitcoin for the past 12 months, which show bullish figures as we head into the new year. We also saw several predictions and opinions on what to expect in the upcoming year. There was also news from Visa Europe which may have surprised some (or maybe not if you’ve been following our recaps), stating that blockchain technology is no longer undeniable.

Get all this news and more, as we start off 2016 strong in our weekly Blockchain recap below.

Happy New Year

![Bitcoin Price for entire 2015 year via blockchain.info/charts/market-price](https://blog.blockchain.com/content/images/2016/01/bitcoin-price-chart-2015-year.png)
Bitcoin Price for entire 2015 year via blockchain.info/charts/market-price
[Here are the top five Blockchain posts of 2015](https://blog.blockchain.com/2015/12/29/here-are-the-top-five-blockchain-posts-of-the-2015-year/)

It’s been a great year, packed full of exciting developments, announcements, and headlines. As 2015 nears its end, we are taking a few moments to look back at the top five most popular posts that we have published this year.

Pictured above is an interesting chart, which shows the bitcoin price in USD for the entire 2015 year. The starting price was $316 USD and the ending price is $430, which is $114 over the starting price. Not a bad year for the price of bitcoin. Bloomberg even said that bitcoin “won 2015” but Apple did not; as the best performing currency in the world.

With the year ending with a bullish price, some are predicting that in 2016 the price will reach $650 USD, while NASDAQ.com is saying that 2016 could be a banner year for bitcoin.

Blockchain fans

![Credit card via @VisaEuropeNews on Twitter](https://blog.blockchain.com/content/images/2016/01/visa-credit-card.jpg)
Credit card via @VisaEuropeNews on Twitter
[Visa Europe: The Blockchain is ‘No Longer a Choice’](http://www.coindesk.com/visa-europe-blockchain-no-longer-a-choice/)

Visa Europe highlighted the significance of bitcoin and the blockchain as part of a retrospective on the past year in payments this week, suggesting that traditional finance will soon adopt the technology. The post continued: “2015 has turned blockchain into something the industry has to live with. It is no longer a choice anymore.”

In other news, Nasdaq has announced it has made the first ever share trade using a blockchain ledger, the underlying technology of the digital currency bitcoin. “We believe this successful transaction marks a major advance in the global financial sector and represents a seminal moment in the application of blockchain technology,” said Nasdaq CEO Bob Greifeld. And in terms of innovators, legacy banking firms that are not keeping up with the times will lose ground to FinTech innovations and breakthroughs in particular in the bitcoin and blockchain space in 2016.

Bitcoin events and updates

![wanxiang-blockchain-labs-and-deloitte-partner-on-shanghai-blockchain-hackathon](https://blog.blockchain.com/content/images/2016/01/wanxiang-blockchain-labs-and-deloitte-partner-on-shanghai-blockchain-hackathon.jpg)
Image via BitcoinMagazine.com
[WanXiang Blockchain Labs and Deloitte Partner on Shanghai Blockchain Hackathon](https://bitcoinmagazine.com/articles/wanxiang-blockchain-labs-and-deloitte-partner-on-shanghai-blockchain-hackathon-1451525193)

In an effort to foster further development of blockchain technology, WanXiang Blockchain Labs, a Chinese research institution, and Deloitte, one of the largest accounting and audit firms in the world, have teamed up to launch the first ever Shanghai blockchain hackathon beginning on January 8th. And for the first time, Wilmington University is holding a contest for its computer and network security (CNS) students — and the grand prize is $313.37 in bitcoin. The winner, announced sometime this spring, will be a CNS student who “best exemplifies a passion for the cyber security profession” by presenting a portfolio of extracurricular cybersecurity work from the past school year.

In bitcoin news, Chinese bitcoin exchange BTCC has launched 100 bitcoin full nodes to help support the bitcoin network. This week, bitcoin core developers Jeff Garzik and Gavin Andresen wrote an interesting article on how Bitcoin is Being Hot-Wired for Settlement, which those in the day to day of the bitcoin space should read to get a different perspective from two well-respected developers in the community.

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