Video: Roundup of This Week's Bitcoin News 16th May 2014
Hello from the Bitcoin2014 Conference in sunny and windy (sorry about the audio!) Amsterdam. While more than 1,100 bitcoin enthusiasts were travelling to the Netherlands this week, other exciting news was still brewing in the bitcoin world. Here are three of the biggest headlines: BitPay raises $30m in Series A funding. Atlanta-based bitcoin merchant processor BitPay raised a record-breaking $30m in a funding round - the largest-ever for a company in the bitcoin space. In this funding round, BitPay was backed by a star-studded investor group, including Yahoo founder Jerry Yang's AME Cloud....
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This week Apple let down its anti-bitcoin guard and 50 Cent dropped a new album with some exciting news. Check out these and other top news stories in this week's roundup. Apple updates its policy on virtual currencies: Apple released an update to its App Store Review Guidelines. The updated purchases and currencies section now reads: "Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions." Apple has had a long history of restrictive policies dating back to 2012....
Take out your smartphones and get those palms warmed up for a scanning, because it's time for CoinDesk's weekly bitcoin ATM roundup. It's always Good Friday in the world of bitcoin ATMs, and we begin our end-of-week coverage with the best news and 'first bitcoin ATMs' we've heard around the globe this week. Dubai. Remember that warehouse full of bitcoin ATMs in the UAE, which turned out not to be bitcoin ATMs but convenience store payment kiosks? Well, apparently they are actually bitcoin kiosks, according to local company Umbrellab: Exactly :). - Umbrellab (@umblab) 16th April 2014.....
Want a quick roundup of what's been happening in the world of digital currencies? Here are our three biggest headlines from this past week: Unusual database error causes Blockchain outage: The bitcoin data and wallet service, Blockchain.info, was down for more than a day this week. Issues started when Blockchain suspended Shared Coin transactions. The company has since moved to reassure customers that their bitcoins are safe. KnCMiner announces first scrypt miner: KnCMiner is now accepting pre-orders for 'Titan', its first mining rig dedicated to script mining. At just under $10,000, Titan....
Bye-bye Gox and hello BTC debit cards! Not entirely sure what I'm talking about? Take a look at this week's news roundup to get up to speed with the latest developments in the world of digital currency. Mt. Gox announces commencement of bankruptcy proceedings: This week we bid our final goodbye to Mt. Gox as a company when bankruptcy proceedings were announced in Japan. The troubled bitcoin exchange officially filed for liquidation last week. A group of investors made a last ditch attempt earlier this week to stop the company from being liquidated, but a deal didn't materialize. Jeff....
After almost a month, the price of bitcoin is back up to $500. Are you doing a little happy dance? So are we! (Don't worry: it doesn't appear in the video). Check out some of the biggest headlines from last week leading up to the price rise. 37Coins plans SMS-based wallet: Startup 37Coins has created a universal bitcoin wallet that can be used on any cellphone. The service allows users to pay in bitcoin from any mobile device with SMS functionality via a 'gateway' in the user's country of origin. This news is a step in the right direction to deliver worldwide bitcoin access. FAC sees....