Blockchain Blog

Bitcoin News for the Week of 07/07/14

Welcome to our weekly Bitcoin news recap, where we cover top stories and headlines for the week. This week, CoinDesk reveals their quarterly State of Bitcoin report, which is showing very positive growth and adoption for Bitcoin. In addition, there are some other highlights that made this week yet another interesting and exciting week in the world of bitcoins. Stay up to date by signing up for our mailing list, which includes our monthly newsletter!

Let’s get to it!

Did you miss #BitFin in Dublin on July 3-4? We wanted to share with you some highlights reported by CoinDesk! Check them out!

Bitfin Day One: Circle Talks P2P Payments and Isle of Man Details Bitcoin Plans

Day one of the Bitcoin Finance 2014 Conference and Expo (Bitfin) in Dublin today featured discussion on the basics of bitcoin, the wider opportunities of digital currency and a world first.

Bitfin Day Two: We Need More Global, Organised Bitcoin Education

One day two of the Bitcoin Finance 2014 Conference, major conversations included how bitcoin can gain mainstream acceptance and making bitcoin part of education initiatives.

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Chart courtesy of
[State of Bitcoin Q2 2014 Report Reveals Expanding Bitcoin Economy](

CoinDesk releases their latest report on Bitcoin. This State of Bitcoin Q2 report focuses on data and events in the second quarter of 2014 through to the present day.

First Regulated Bitcoin Investment Fund to Launch on Island of Jersey

The island of Jersey has approved the launch of a bitcoin investment fund, which the government claims will be the first such fund to be regulated. Called the Global Advisors Bitcoin Investment Fund (GABI), the fund received regulatory approval from the Jersey Financial Services Commission (JFSC) this week.

Introducing spendabit, the world’s first “Bitcoin product search engine”

Find more than 1.5-million things you can buy with Bitcoin, including products from Newegg,, TigerDirect, and many more.

Copay (beta), An Open Source Multisig Wallet

BitPay is announced Copay, an open source, multi-signature wallet. Copay uses multi-signature technology and will play an important role in helping people secure their bitcoins against loss or theft. The Copay wallet technology is open source and peer reviewed.

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ANX debit card via
[Hong Kong exchange ANX announces Bitcoin Debit Card](

You can fund a debit card using the available balance from your ANX account, including the ability to exchange bitcoins for fiat currency on the ANX debit card, allowing you to use the debit card in any retail, merchant, or ATM where Visa Card is accepted. ANX says they can ship to existing customers immediately. Debit cards are in limited supply.

Bitcoin Startup Xapo Valued North of $100 Million

Some of the biggest names in venture capital are getting behind a maker of underground bitcoin vaults, the latest bet to bolster the digital currency. Xapo said Tuesday it raised an additional $20 million in funding, doubling the amount it raised earlier this year.

Bitcoin History: Pre-Blockchain Digital Currencies

For anyone not involved in mid-90s cypherpunk scenes or early e-cash projects, the term “digital currency” probably never came up in conversation until quite recently, after the advent of Bitcoin. Take a look at some pre-Bitcoin technologies to get an idea of how far crypto currencies have come since.

Polish Finance Ministry: Bitcoin Can Be Used as Financial Instrument

Poland’s deputy finance minister Wojciech Kowalczyk has released a document confirming that under the country’s existing financial regulations, bitcoin can be considered a financial instrument.

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CoinSummit logo via
[CoinSummit Two Day Conference](

CoinSummit is currently underway. CoinSummit London is a two day event connecting virtual currency entrepreneurs, angel and VC investors, hedge fund professionals and others who are looking to learn and network in the virtual currency industry. CoinSummit will take place on July 10-11 2014 at the East Wintergarden London.

Bitcoin Foundation Hires Lobbying Group To Take The Cryptocurrency To Washington

The Bitcoin Foundation announced that it has retained a lobbying group to press its interests in the nation’s capital. The selected firm, Thorsen French Advocacy, will “introduce Bitcoin and the foundation to Capitol Hill offices,” according to the foundation.

Bitcoin donations enter Canadian politics

Of the 17 federal political parties in Canada, only two are soliciting Bitcoin donations on their official websites. Both the Libertarian Party of Canada and the Pirate Party of Canada began accepting the decentralized digital currency.

Kyrgyzstan bitcoin experiment promises migrant workers big savings

In the corner of a small pizzeria in central Bishkek, Kyrgyzstan’s capital, an experiment is unfolding. Central Asia’s first and only bitcoin ATM converts dollars into the world’s most popular crypto currency. The machine – which looks like one of the city’s ubiquitous electronic pay terminals – offers a way to convert hard currency into a digital medium that is increasingly used in online transactions.