Blockchain Blog

Bitcoin News for the Week of 08/04/14

This week in Bitcoin has been a busy one, with major transaction processing specialist Global Payments teaming up with BitPay, bitcoin pricing being included in Thomson Reuters terminals, and Vogogo raising $8.5 million in capital to help secure bitcoin exchange service providers.

**There’s more to it, so let’s get into i! **

Global Payments Inc logo via
[New Deal Could See Global Payments Refer 1 Million Merchants to BitPay](

Electronic transaction processing specialist Global Payments has announced a new partnership that will find the firm referring select US and international customers to bitcoin payment solutions provider BitPay.

Liberty Teller is bringing Bitcoin ATMs to a city near you

Bitcoin, the thing we all cherish so dearly. It’s digital and has value, you can buy it online, and you can send it to anyone in the world in a matter of seconds. So you may be asking yourself, why use a bitcoin ATM, if I can get bitcoins online?

Bitcoin Pricing From BitStamp Added to Thomson Reuters Eikon Platform

Bloomberg made some news recently with the inclusion of bitcoin prices in their industry-leading Bloomberg Terminal trading platform, Thomson Reuters is following suit. The company announced on Monday that they have included BitStamp USD/BTC prices in their own trading platform, Eikon.

Wikimedia Foundation Receives More Than $140,000 in Bitcoin Donations in First Week

In the first week of accepting bitcoin, the Wikimedia Foundation has received over $140,000 in bitcoin donations. Wikipedia is run by a non-profit organization and has been able to operate ad-free because of the generosity of donors from across the world.  For donors worldwide, bitcoin is a convenient donation method that ensures 100% of donated funds go to the cause.

Bitcoin Solves Two Of The Biggest Problems Merchants Face When Accepting Card Payments

When it comes to accepting electronic payments, merchants have a number of pain points. The two biggest ones are paying acceptance fees and fighting chargebacks. Bitcoin solves these two important issues.

ASMSA Alumnus Donates Bitcoins to Launch Course on Cryptocurrencies and Computing

Luther Lowe, an alumnus of Arkansas School for Mathematics, Sciences and the Arts (2001 batch), has made a unique gift to the school to launch a special course for its students. The donation made in the form of bitcoins, will create a computer science seminar on bitcoin, cryptocurrencies and collective computing – the first high school course in Arkansas and the United States

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Illustration via
[Bitcoin Booming in Romania Despite Govt Warnings](

Bitcoin is finding a very tempting proposition and acceptance is growing significantly in Romania, one of Europe’s poorest countries for years but now a country on the verge of an economic rebound. There is now a Bitcoin ATM in the capital of Bucharest with more planned and the country has its own Bitcoin Exchange in the western city of Oradea which claims to have more than 2,000 registered clients and more than 1.1 million Euros in transaction in only seven months of operation.

Vogogo Raises $8.5 Million to Boost Bitcoin Exchange Security

Calgary-based online payment services provider Vogogo, a platform that automates payment processing, regulatory compliance and risk management for businesses, including clients in the bitcoin and digital currency sector, has raised $8.5m in new funding.

Former Director of U.S. Mint: “I Feel Strongly About the Promise of Cryptocurrencies”

Edmund Moy is one of many new faces that is supporting the cryptocurrency movement. It’s Mr. Moy’s past work, however, that makes his presence among us interesting. From 2006 through 2011, Moy served as the 38th Director of the United States Mint, nominated by President George W. Bush.

Bitcoin Study Set In UK As London Makes Play To Become Virtual Currency Trading Center

The British Treasury will review ways the City of London can steal a step on rivals trying to master the rise of virtual currencies and become the central trading hub for leading contender bitcoin, Chancellor of the Exchequer George Osborne announced Wednesday.

Bitcoin Foundation Seeks More Time to Address Virtual Currency Rules

Big-name Bitcoin supporters are stepping up the pressure on New York State’s top financial regulator to extend the comment period for the state’s new virtual currency rules. On Tuesday, the Bitcoin Foundation sent a letter to Benjamin M. Lawsky, New York State’s superintendent of financial services, asking for up to six months to provide feedback on the proposed regulations, and a minimum of 45 additional days.

Bitcoin A Major Target In Financial Malware Attacks

Security firm Kaspersky Lab has found that bitcoin is the target in more than one fifth of all malware attacks aimed at victims’ money. According to Kaspersky’s latest threat report, entitled ‘IT Threat Evolution Q2 2014’, bitcoin mining malware accounted for 14% of attacks in the second quarter of 2014, while bitcoin wallet stealers accounted for 8%.

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Graphic via
[GHash Mining Pool Generates $250 Million in Bitcoin in One Year](

Since opening its doors on 3rd August of last year, major bitcoin mining pool operator has generated nearly $250m in bitcoin, according to a new infographic released by the company. The pool has produced 413,752.01889456 BTC since it first began hashing in 2013, an amount worth $248,251,211.33.

FINTRAC regulations won’t be fully implemented until next year

Late last week, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published a regulatory scheme for Money Services Businesses (MSBs) that work with bitcoin and other virtual currencies. The specifics are being discussed, but it’s believed that it won’t become fully instituted until sometime next year.

Bitcoin prices have seemed to stabilize this week

Last week the prices were fluctuating a bit, and early this week it was heading that way. However, prices have calmed down a bit and at the time of this writing, bitcoin prices are steady at $593.36 USD. The total market cap for bitcoin: just under $8 billion.