Even though the 2014 year is coming to an end, the good news in bitcoin doesn’t stop. This week in bitcoin had some great news, such as “What is Bitcoin?” being Google’s 4th most searched term of the year. Additionally, the Bitcoin Bowl college football game took place this week, and a couple of U.S. cities are talking about using bitcoin for paying parking tickets. Get this news and more, in our weekly bitcoin news recap below.
Google Search image credit: cryptocoinsnews.com
Google, the most popular online search engine everywhere in the world (except for China) has revealed its highly anticipated search lists for the year 2014. With the year’s data collection close to an end, “What is Bitcoin?” is officially the 4th most searched for “What is…?” term of 2014.
If there was one word that could describe bitcoin over the past year, it would be ‘unpredictable’. So, with that in mind and armed with 20/20 hindsight at year’s end, it’s fun to go back and look at all the people who tried to do just that.
New York City is looking for new ways to make it easier for residents and visitors to pay for their parking tickets – and Bitcoin is one of a range of new technologies under consideration.
Next year, Madeira Beach will allow scofflaws to pay for parking tickets using bitcoin, making this one of the first towns in the world to uniformly adopt bitcoin as a prime source of payment.
On the day after Christmas the North Carolina State Wolfpack and the University of Central Florida Knights will square off in the Bitcoin Bowl at Tropicana Field in St. Petersburg, Florida. In several short years few will recall the game itself, especially not those on the Trop’s Party Deck. But, historians will note that 2014 was the year that a major American college football bowl game was named for a post-national cryptocurrency associated with techno-libertarians and anonymous transactions.
A St. Petersburg man said he uses bitcoin almost exclusively to pay for all of this daily living expenses. “Luckily, my landlord lets me pay in bitcoin,” said John Dreyzehner, 24. “I get paid in bitcoin and I use it everywhere I go.”
KBBEX has formed a strategic partnership with Taiwan bitcoin exchange BitoEx, to supply bitcoins in more than 5000 convenience stores in Taiwan. According to the exchange’s director, the company hopes that the partnership can boost the recognition of Bitcoin as a valid form of currency in Taiwan.
While startups working on bitcoin 2.0 products and tools aimed at financial institutions have garnered tremendous attention (and venture capital) in recent months, micropayments and remittances have steadily emerged as two of the most compelling use cases for bitcoin. Neither is new, but the advantages of using bitcoin to make extremely small transactions or send value overseas have been apparent for years.
Anyone interested in bitcoin, from beginners to experts, all come across the same common bitcoin terms. To some of us, we already know what these terms mean. But to others, some commonly used terms are not always known or understood that well. This post serves to explain some of those most common terms in simple to understand language.
What will it take for Bitcoin to gain broad adoption and become the foundation of a new global financial system? Worth Wray sat down with Barry Silbert, founder of the Bitcoin Investment Trust, to discuss. As one the most active venture capitalists in the industry (with investments in over 30 Bitcoin-related portfolio companies through the Bitcoin Opportunity Corp.), Barry has gone all-in on Bitcoin and Bitcoin-related businesses.
Online payments solutions provider Stripe has updated its advice on setting up its service to accept bitcoin, saying the feature is set to come out of beta in January 2015 with a fee of 0.5% per transaction. San Francisco-based Stripe, which allows businesses to accept credit card payments easily via the web or mobile devices, launched its beta test of bitcoin support back in March 2014.
Bitcoin, as you’re about to see, could revolutionize finance, banking, commerce and more – the impact this technology could have on global society is just beginning to reveal itself. We think you’ll agree after watching “Why Bitcoin Matters” that the future of currency could be digital, open-source, finite, mathematics-based, and truly game changing.
The Miami Bitcoin Hackathon will be taking place in sunny Miami Florida, on January 9th – January 11th, 2015. The hackathon will be nonstop coding for bitcoin related apps and ideas. The hackathon is being organized by Blockchain Beach, a “group of educators, entrepreneurs, colleagues and enthusiasts who all share a common passion for blockchain technology and decentralized cryptocurrency.”