Blockchain Blog

Bitcoin News for the week of 3/9/15

Welcome to our weekly Bitcoin news recap, where we cover top headlines and stories in the world of Bitcoin each week. This week was full of good news, with boosts from venture capital into the Bitcoin ecosystem, new stories of companies accepting bitcoin as a part of their payment network, and several countries embracing Bitcoin into their economy. We also have a couple of interesting videos for you.

![Image via the official Bitcoin SXSW 2015 Facebook page](
Image via the official Bitcoin SXSW 2015 Facebook page
[RSVP for Bitcoin at SXSW 2015](

Bitcoin at SXSW 2015 will take place on Monday, March 16th at the SXSWi Startup Village, located in the Hilton Downtown Austin. The sessions will take place in the Austin Grand Ballroom (Salon G) on the 6th floor of the Hilton’s convention center. The day will include 20 amazing speakers and five sessions!

Secretive Bitcoin Startup 21 Reveals Record Funds, Hints at Mass Consumer Play

For the past year and a half, a Silicon Valley startup has quietly convinced some of the biggest names in venture capital to back its effort to turn the technology behind bitcoin into a mass-marketed phenomenon.

ShapeShift Raises $525k, Reveals Erik Voorhees as Creator

Instant bitcoin and altcoin exchange ShapeShift has received $525,000 in seed funding from investors Barry Silbert and Roger Ver. The Swiss-based platform, which lets users swap between 25 digital currencies and tokens, differs from traditional exchanges in that it operates without user accounts and requires no form of registration.

Jeff Garzik Inks Deal With Deep Space Industries

You may have heard the talk about extending the Bitcoin network into space with a series of satellites. Now Jeff Garzik, Bitcoin pioneer and CEO of Dunvegan Space Systems, is taking that concept one step closer to reality with the recent announcement of a deal with Deep Space Industries.

DevCore Boston 2015 – What Satoshi Didn’t Know

Published this week by the Bitcoin Foundation, is a video of a presentation from Gavin Andresen at DevCore Boston 2015. Gavin is speaking about “What Satoshi Didn’t Know,” providing valuable insight into the early days and future of Bitcoin.

IBM looking at adopting bitcoin technology for major currencies

International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the “blockchain,” to create a digital cash and payment system for major currencies, according to a person familiar with the matter.

Intuit launches bitcoin payment service in Australia

Australian small businesses using Intuit’s cloud accounting software QuickBooks Online will now be able to offer their customers the option to pay for goods and services with bitcoin, following the company’s launch of its PayByCoin service in the country.

Dating Network Badoo Seeking to Expand Bitcoin Payments Globally

Dating-focused social networking site Badoo is now allowing its more than 200 million users to pay for premium features using bitcoin in more than 20 countries.

Former JPMorgan Executive Blythe Masters Joins Bitcoin-Related Start-Up

A prominent former executive at JPMorgan Chase has left the world of commodity trading for the virtual world of digital transactions. Blythe Masters, who until last year was the head of JPMorgan’s giant commodities unit, is joining Digital Asset Holdings, a Bitcoin-related start-up that is looking to use Bitcoin’s underlying technology to streamline financial transactions.

Blockchain API Profile: Little Bit Back

Today we’re exploring the use of Bitcoin in fundraising and charity donations, with a unique spin on crowdfunding called Little Bit Back (LBB). The project initially began with a concept that started on Reddit. The creators of LBB noticed that many independently organized fundraising efforts were using Bitcoin to reach their goals.

Which Country is Leading the Bitcoin Revolution?

Although technology knows no boundaries, its future value does create a difference between borders. In case of Bitcoin, we see an equivalent scenario where businesses from several different countries are assuming their important role to shape up the new payment revolution, despite political and economic differences.

Here’s the Isle of Man’s plan to become a Bitcoin paradise

The Isle of Man, a tiny, Celtic island between the west coast of England and Northern Ireland, is soon to pass legislation that its government hopes will help it become a true paradise for digital currencies. The island will be the first place in the world to pass a “regulatory framework” for the alternative payment method.

Bitcoin is being used by African migrant workers to send money home

Migrant African workers are increasingly turning to bitcoin to send money home. BitPesa, a service that allows bitcoins to be transferred to Kenya and Ghana for a flat fee of 3 per cent, said its user base is growing by 60 per cent month-on-month. Elizabeth Rossiello, chief executive of BitPesa, told the BBC that a shortage of payment options in Africa is driving bitcoin use.

Why ‘Britcoins’ may soon pay for your latte

Two years ago, perhaps 4,000 or 5,000 merchants in the world accepted Bitcoin, says Nicolas Cary, co-founder of Blockchain, now there are more than 100,000. “It’s a very efficient way for a company to accept payment, since they receive 100% of the value of a transaction,” he says. “Very different from dealing with credit cards, which take at least 2% to 3%.”

Bitcoin 101 – A Million Killer Apps – Part 2 – Blockchains & A Global Shared History

James D’Angelo from World Bitcoin Network published part two of a three part series, speaking on the importance and value of the bitcoin blockchain and its revolutionary technology which is changing the future. It’s a lengthy, but must see video.

Opinion: Bitcoin May Be What Gets Us Real Net Neutrality

The recent net neutrality victory at the FCC is not a silver bullet. We can expect costly court challenges, complicated enforcement, and the risks that come with entrusting a large government bureaucracy to manage a technological problem. More competition would be a better solution—and that’s where Bitcoin could help.

Bitcoin Exchange itBit Revealed as US Marshals Auction Winner

New York-based bitcoin exchange itBit has revealed it was one of the three participants in the latest US Marshals Service (USMS) bitcoin auction to place a winning bid. itBit is reporting it successfully secured 3,000 BTC, worth roughly $888,000. The amount was the smallest total accumulated among the three winners.