Bitcoin News for the week of 9/08/14
It’s been another big week in bitcoin, which includes the news that Overstock is now able to accept bitcoin worldwide. We also announced good news this week that Marco Santori has joined the Blockchain team. There’s more good news, so let’s get into it!
Sir Richard Branson, one of the wealthiest men in the world, had an interview with Bloomberg News saying in the interview, that “Bitcoin is working.” Branson had shown his support for the idea behind Bitcoin before, but was put to the test again by the Bloomberg interviewer after making a statement concerning the upcoming Virgin Galactic spaceflights.
CEO of Blockchain, Nicolas Cary, tweeted out this week that Blockchain My Wallet users are showing exponential growth and in particular, 50,000 new wallet users were gained just this week alone. You can view the real-time graph here: https://blockchain.info/charts/my-wallet-n-users
Blockchain is thrilled to announce that Marco Santori will be joining the Blockchain team as its Global Policy Counsel. Marco is a seasoned technology transactions attorney and a recognized authority on the law of digital currencies. As Chairman of the Bitcoin Foundation’s Regulatory Affairs Committee and in private practice, he has served as a long-time advisor to and representative of the Bitcoin industry.
The Bank of England has devoted two papers to the rise of digital currencies. It’s another demonstration of Bitcoin’s transformation from niche cyber-libertarian intrigue to a subject of mainstream interest.
Overstock.com was the first major online retailer to embrace bitcoin, accepting payments in the digital currency here in the U.S. beginning in early January. And now, it’s the first to accommodate bitcoin across the globe.
Blockchain had a little fun this week for charity, dumping freezing cold buckets of ice water on each other in the name of ALS research and Hal Finney.
Someone has taken over the email account belonging to bitcoin’s secretive creator, Satoshi Nakamoto, with the hacker saying that he is trying to sell Nakamoto’s secrets for money. Fortunately, the hacker hasn’t had any success, as the hack seems so far to not produce anything about Satoshi Nakamoto.
Bitcoin in India is showing plenty of promise at the grassroots level, as demonstrated by 250 undergraduate students who attended a seminar at the HR College of Commerce and Economics in Mumbai last Thursday.
In a new interview, Draper revealed he has been surprised by bitcoin’s recent decline in value, though he remains optimistic in its long-term value as an asset. Draper told CoinDesk: “I guess the markets aren’t seeing what I am seeing. An entire economy is being rebuilt. I have a price target of $10,000 in three years. Even that may be pessimistic.”
Illustration by CoinTelegraph.com
This October, Paris will be welcoming the first French-speaking Bitcoin conference in the Euro zone, an event that will feature prominent names in the industry including representatives from BlockChain.info, the Bitcoin Foundation, and political French figures.
Inside Bitcoins, the leading international conference and expo exploring the business opportunities and threats posed by the growth of cryptocurrencies, debuts in London, 15-16 September, 2014. Taking place at the Grange St. Pauls Hotel, on the doorstep of the City of London, Inside Bitcoins already has attendees from over fifteen countries registered and is expected to be the largest virtual currency conference in Europe to date.
This is a Blockchain Quick Bit, where we show you a quick and easy tip to help you use our products and services. Today we’ll show you an important section of the Blockchain iOS Wallet, Account Settings.
TeraExchange launched a swap based on the bitcoin virtual currency, becoming the first to receive approval from a U.S. federal regulator for a financial product based on the budding technology. The derivative allows clients to protect the value of their bitcoin holdings by locking in a dollar value, offering an insurance against the astronomical price swings that have plagued the computer-generated currency.