11 Bitcoin Startups That Went Bust in 2015

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'Closed' sign

This year was a time of serve converging for a bitcoin industry.

After what we competence call a ‘Wild West’ duration (when it seemed everybody with the urge was environment adult their possess bitcoin-based service), a space is now fast apropos some-more dominated by bigger, some-more veteran outfits, often with critical funding to get them off to a solid start.

And while some large bitcoin names done a news this year for certain reasons, some firms had to news that they were shutting down.

A accumulation of reasons brought about these failures, from increasing competition, to a miss of money or even, perhaps, fake practices.

In 2015, around 11 bitcoin firms went swell up. Here’s a demeanour during what happened:

GAW Miners

During 2015, GAW Miners fell into deeper and deeper trouble amid flourishing debate over a mining operations and failed promises that it would respect a $20 cost building for a possess cryptocurrency, paycoin.

Later staff exits and email leaks were a genocide groans of a association that had always courted controversy, and eventually it faded divided midst year with a sigh rather than a bang.

In a months since, GAW has been a aim of polite lawsuits from customers seeking to replenish losses, and worse, the US


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