Blockchain Blog

Bitcoin News for the Week of 06/09/2014

This past week has been another eventful time period in Bitcoin, as each day we get more and more exciting news. This past week didn’t hold back, as we have some great news to share with you for this week’s Blockchain Bitcoin recap. If you prefer your news to hit your inbox, sign up for our weekly email, which is delivered every Saturday.

To the news!

[![expedia](https://blog.blockchain.com/content/images/2014/06/expedia.png)](https://blog.blockchain.com/content/images/2014/06/expedia.png)
Image courtesy of Techcrunch.com
[Expedia Now Accepts Bitcoin For Your Crypto-Vacations](http://techcrunch.com/2014/06/11/expedia-now-accepts-bitcoin-for-your-crypto-vacations/)

Expedia the travel booking site announced this week that it is accepting the bitcoins for hotel bookings through its website, becoming the first major travel agency to take the digital currency.

Blockchain.info CEO: This Is Why You Shouldn’t Fear Bitcoin

This article was initially published June 4 and was included in an Entrepreneur.com series about bitcoin. We decided to add it for the recap this week, because it is so important to realize it’s not too late to invest in the booming cryptocurrency — one that Blockchain.info CEO Nicolas Cary fully expects to forever change the world.

Google Joins Yahoo in Offering Bitcoin Prices

Google Finance has launched a bitcoin price tracker, offering market information across several major fiat currencies as well as access to breaking news in the digital currency world. The move comes hot on the heels of the Yahoo! Finance bitcoin price listing.

ZeroBlock announces ANX exchange as their premium market data feed partner

Bitcoin news and market data provider ZeroBlock, a subsidiary of Blockchain.info, is proud to announce the integration of ANX into its professional level trading platform. ANX is a globally-compliant, fully licensed operator with strong compliance policies ensuring a safe trading environment for its traders. ANX provides an easy, secure, and affordable marketplace to buy and sell Bitcoins and altcoins.

How a Teenage Entrepreneur Built a Startup on Bitcoin Riches

15-year-old Erik Finman, and Idaho robotics champ and early North Idaho College student, used his Bitcoin riches to launch Botangle.com, a burgeoning online video tutoring startup, according to Mashable. Back in 2012, Finman purchased $1000 worth of bitcoins and sold them a year later for $100,000, when the price was $1200.

[![reeds](https://blog.blockchain.com/content/images/2014/06/reeds.png)](https://blog.blockchain.com/content/images/2014/06/reeds.png)
Image courtesy of Reeds Jewelers and Blockchain
[Reeds Jewelers Taking Bitcoin Online and In Stores](http://cointelegraph.com/news/111790/reeds_jewelers_taking_bitcoin_online_and_in_stores)

Reeds Jewelers joins the growing list of merchants that are beginning to accept bitcoins as a form of payment. Reeds is now accepting bitcoin payments both online and at its 64 retail outlets. Two of us from the Blockchain team visited a local store to help them with their first bitcoin sale!

Wall Steet welcomes bitcoin in 2014: Secondmarket CEO

Wall Street is about to embrace bitcoin in a big way, said Barry Silbert, founder and CEO of SecondMarket. “We are in the early stages of this institutional money buying bitcoin and finding digital currencies as a new asset class,” he said at the Exponential Finance conference.

Bitcoin expert Roger Ver: Bitcoin can stop governments waging war

Delivering a presentation in Singapore entitled “Why Bitcoin Is Important for the World,” Ver presented the case that much of the strife that occurs across the globe is primarily financial. Fiat currency, says Ver, is the major cause of governments’ affinity for initiating wars or intervening into the domestic affairs of a sovereign nation.

Bitcoin Magazine’s Elizabeth Ploshay Takes Job at BitPay

Congrats to Elizabeth Ploshay, who will be transitioning to a new job. Elizabeth Ploshay, well known for her role as the Manager of Communications at Bitcoin Magazine, is taking the next step in her career by joining Atlanta-based digital currency payments processor BitPay.

[![Image courtesy of Bitcoin.com](https://blog.blockchain.com/content/images/2014/06/bitcoin.png)](http://www.bitcoin.com)
Image courtesy of Bitcoin.com
[Announcing Bitcoin.com: Your Bitcoin Portal](https://blog.blockchain.com/2014/06/13/announcing-bitcoin-com-your-bitcoin-portal/)

It’s with great excitement that we unveil the new Bitcoin.com, a user-friendly resource that shows how to acquire, store and spend your bitcoins. The more bitcoin grows, the more resources like this are essential for its ecosystem to flourish. If you’re looking to introduce a friend or family member to bitcoin, this is a great starting point.

Tutorial: Backup Basics! The Best Ways to Backup Your Blockchain Wallet

Blockchain takes every precaution to keep your wallet safe, but it’s always better to keep a copy just in case. Backing up your Blockchain wallet is an important step in securing your bitcoins. It’s an easy step to forget to do, but in just a few clicks, you can successfully backup your wallet.

Bitcoin Beginners Fair: Intro to Blockchain with Dan Held

Dan Held, Director of Product at Blockchain.info, opens up the presentations at the Bitcoin Beginners Fair, going over the basics of bitcoin and bitcoin wallets, and offering insight into how the Blockchain wallet differs from other wallets out there.

FBI to Auction Bitcoins on June 27

The U.S. government on June 27 plans to auction almost 30,000 bitcoins, valued at $17.3 million that were seized as part of the Federal Bureau of Investigation’s crackdown last year on the Silk Road online marketplace for illicit drugs, the U.S. Marshals Service said Thursday. The announcement made a significant impact to the price of bitcoins this week, which at the time of this writing are priced at $583.10 a bitcoin.

CEX.IO Slow to Respond as Fears of 51% Attack Spread

In addition to the FBI announcement of the sale of bitcoins, the fears of a 51% attack have spread, which have contributed to the price falling a bit this week. As Ghash.io’s total hashrate approaches the feared 51% mark, there has been no official word from the pool’s operating exchange, CEX.IO.

SharedCoin and other CoinJoin implementations: Uses and Limitations

Blockchain.info paid a Bounty, via SharedCoin, to Kristov Atlas, the security researcher responsible for the analysis of SharedCoin transactions tractability. Take a moment to read the analysis of SharedCoin and other services implementing the CoinJoin protocol.

[![bitcoinacrossamerica](https://blog.blockchain.com/content/images/2014/06/bitcoinacrossamerica.png)](https://blog.blockchain.com/content/images/2014/06/bitcoinacrossamerica.png)
Jason King (left) and Steven Dakh, co-founder of KryptoKit. Image courtesy of Wired.com
[The Man Who Ran Across America to Raise Bitcoins for the Homeless](http://www.wired.com/2014/06/bitcoin-run-jason-king)

Catch up with Jason King, the founder of Sean’s Outpost, and his run across America. Blockchain was able to speak to Jason back in April when he was in mid-run. Now he has completed his 3,200 mile run across the country, finishing in San Francisco, California.

Ohio State student Jad Mubaslat runs growing bitcoin exchange while staying on dean’s list

An Ohio State University student started a bitcoin exchange from his off-campus apartment that has grown in volume comparable to the top 10 in the country trading in the digital currency.

Jad Mubaslat, entering his senior year this fall in biomedical engineering, stayed on the dean’s list the whole time.