Blockchain Blog

Bitcoin News for the Week of 06/16/14

As we head towards the end of the month, and into the depths of summer, let’s take a moment to revel in this past week’s Bitcoin news. For the newcomers that don’t know – each week we post a weekly summary of the past week’s Bitcoin news. Don’t worry, if you missed a post, you can view previous posts here. Or, maybe you just want the news sent straight to your email; if so, sign up for our weekly newsletter.

Let’s get started!

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** **[ESPN and BitPay Enter 3-Year Deal To Produce NCAA Bowl Game](

BitPay announced a 3-year partnership with ESPN Events to create an amazing bitcoin event for sports fans, families, and television audiences. The Bitcoin St. Petersburg Bowl, which people might nickname the “Bitcoin Bowl”, will be part of the NCAA post-season college football bowl schedule through 2016.

Report: Bitcoin investments this year outpacing Internet from 1995

The peer-to-peer decentralized digital currency bitcoin market is a behemoth. Venture capitalists are intrigued and excited by the prospect, and the amount of money they’re investing in it shows. New data indicates that venture capitalists are ramping up their bitcoin investing plans, significantly more than they did a year ago. In fact, investments this year are even outpacing of those made in 1995 when the Internet was just getting started.

Bitcoin Biz Makes a Commitment to Compliance in Hire of Visa Vet

Even though Bitcoin merchant processor BitPay is not required to maintain an anti-money laundering (AML) program, the startup maintains one and is beefing it up with the hiring of former Visa executive Tim Byun. As BitPay’s new chief compliance officer, Byun’s challenges will not be much different from what he faced while working at Visa, where he was the network’s anti-money laundering and anti-terrorist financing officer, a role he held for more than five years.

Pay with Bitcoin: 10 of the most interesting places to spend it

Bitcoin continues to gain popularity as a digital currency, but what businesses actually accept them? Here are 10 prominent online and brick-and-mortar retailers.

TigerDirect Bitcoin Payment Acceptance Expands to Canada

Popular electronics retailer TigerDirect began accepting bitcoin earlier this year in January, and it’s made an absolute splash in the community, making the company the second-largest to adopt bitcoin after The company has announced they are bringing bitcoin payments to their Canadian arm, Effective immediately, the company’s Canadian customers can take advantage of buying their wares with bitcoin.

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[$30 Billion Online Merchant Processor Digital River Adds Bitcoin Payments](

Commerce-as-a-service solutions provider Digital River – a company that processed more than $30bn in online transactions in 2013, has announced that it has added bitcoin as a payment option for its online merchants.

Coming Soon: Blockchain Wallet for Apple iOS

Nicolas Cary, CEO of has taken to Twitter to tease the company’s brand-spanking-new Blockchain Wallet application for Apple iOS devices. It hasn’t officially been approved and released by Apple, but you can see a preview here.

BitGo Raises $12Mil, Draws Attention of Institutional Investors

BitGo announced that they have raised $12 million in Series A financing, making “BitGo one of the most well-funded companies in the Bitcoin ecosystem.” BitGo’s patent-pending multi-signature e-wallet technology could be the solution for institutional investors’ bitcoin storage woes.

Bitcoin Foundation Forms Committee to Create Bitcoin Unicode Symbol

The Bitcoin Foundation is looking for volunteers for its Standards Committee, which will be tasked with creating and adopting a bitcoin Unicode symbol. This committee will also examine denomination conventions, develop a recommended standard and deal with other, unspecified duties


Tutorial: The Import / Export Feature in your Blockchain Wallet

Check out one of our tutorials on how to use the Blockchain Wallet, including the Import/Export feature which will give you some helpful tips so you can better understand it.

Help contribute to Blockchain’s mining pool identification

Blockchain known pools code has been opened sourced. We are looking for the community to contribute to the code. You can see the pools here on

Failed bitcoin exchange Mt Gox gets U.S. bankruptcy protection

The failed Tokyo-based bitcoin exchange, Mt Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with U.S. customers and a sale of its business.

Our Interview with FXOpen: One of the First Foreign Exchange Trading Platforms to Embrace Bitcoin

We had the opportunity to catch up with FXOpen, a foreign exchange trading platform that has embraced bitcoin! Read on to learn more about what makes FXOpen stand out and what their experience has been with integrating bitcoin into their platform.