Blockchain Blog

Bitcoin News for the week of 4/06/15

Welcome to our weekly Bitcoin news recap, where we cover top headlines and stories in the world of Bitcoin each week. This week there has been a lot of exciting news, including a couple of firsts in Bitcoin. U.S. Senator Rand Paul has become the first presidential candidate to officially accept bitcoin as part of a presidential campaign. In Washington State, a Bellevue doctor becomes the first in his state to accept Bitcoin as a form of payment. Additionally, CoinDesk has released their State of Bitcoin report, which shows a continued rise in VC investments. Get these headlines and more, below.

![Slide via Coindesk.com](http://blog.blockchain.com/content/images/2015/04/state-of-bitcoin-q1-2015.jpg)
Slide via Coindesk.com
[State of Bitcoin Q1 2015: Record Investment Buoys Ecosystem](http://www.coindesk.com/state-of-bitcoin-q1-2015-record-investment-buoys-ecosystem/)

CoinDesk released their latest quarterly State of Bitcoin report. This article runs through some key findings from the new report, which focuses on events in the bitcoin ecosystem since the beginning of 2015. The slide above illustrates that since 2012, a total of $676m has been invested in bitcoin startups, with a 51% increase from the end of 2014.

Reminder: DevCore London is next week – don’t miss out!

We’ll be gathering in London next week for the second DevCore conference and wanted to share a quick reminder about the event with you. Attendance is now at 90% capacity, so get your tickets while you still can.

Rand Paul is first presidential candidate to accept donations in Bitcoin

It marks the first time that a candidate for president has accepted purely digital campaign funds. The Libertarian Republican is an obvious choice to test the waters. Bitcoin fits in with Paul’s views that government should take a more “hands off” approach to controlling the nation’s money supply, which drives up inflation and devalues the currency.

Orange Seeks to Invest in Bitcoin Startups in Silicon Valley

Orange SA is looking to invest in bitcoin startups in the coming months, making it one of the first big international phone carriers to become interested in the technology behind the digital currency. “There’s something intriguing in this technology, so we want to be there as early as possible,” said Georges Nahon, chief executive officer of Orange Silicon Valley.

Why Billionaire Investor Reid Hoffman Is Betting Big on Bitcoin

Reid Hoffman has an expert eye for promising tech startups. The LinkedIn chairman and co-founder’s early stakes in Facebook, Airbnb and Dropbox prove he’s able to see the next big thing before most of us even know what it is. These days, the so-called “startup whisperer” is placing his bets on Bitcoin.

Bitcoin Technology Startup Hires Morgan Stanley Manager

Factom, a Bitcoin technology company, has hired Morgan Stanley investment manager Jacob Dienelt as its head treasurer. Dienelt worked at Morgan Stanley for almost a decade. He most recently managed a team of futures specialists in the bank’s private wealth business.

Wall Street Investment Firms Can’t Resist Bitcoin

Wall Street trading firms are cautious, but they can’t keep their eyes off of Bitcoin. Big trading and investment houses don’t want to miss out on possible profit opportunities as Bitcoin continues to grow. More of the big proprietary trading firms are dipping their feet into Bitcoin, thanks to the profit opportunity it can offer and its ability to streamline transactions.

BNY Mellon Explores Bitcoin’s Potential

Bank of New York Mellon Corp. is experimenting with Bitcoin, the disruptive digital currency, which it views as a potential new way to conduct financial transactions. But the bank is still working through the challenges of using the open source technology, whose decentralized architecture differs from the traditional computer systems businesses run today.

Samsung Plans to Take Bitcoin Technology Beyond Virtual Currency

Samsung Electronics Co. is working with International Business Machines Corp. to use bitcoin technology for new applications. Bitcoin’s underlying software is attracting companies like phone makers, carriers and banks.

Bellevue doctor becomes state’s first to accept Bitcoin

A Washington State Bellevue doctor is believed to be the first in the state to accept Bitcoin as a form of payment. The virtual currency is gaining popularity, but Dr. Jason Attaman said he’s doing it to improve privacy. Pain is something that Attaman specializes in. But he also knows the pain of dealing with insurance payments, co-pays and the cost of health care.

![Photo credit: Zach Copley](http://blog.blockchain.com/content/images/2015/04/1024px-Modern_cash_metaphore-1024x683.jpg)
Photo credit: Zach Copley
[The Top 5 Reasons to Use Bitcoin](http://blog.blockchain.com/2015/04/06/the-top-5-reasons-to-use-bitcoin/)

Why use Bitcoin? What are its benefits? Why is it better than cash or credit cards? We get asked these questions all the time so we thought we’d put together a quick list of five reasons why you, or anyone, will find Bitcoin to be beneficial to have and use.

Bitcoin exchange Coinsetter acquires Canadian platform

Coinsetter, a New York-based Bitcoin exchange that targets institutional and professional traders, has acquired Canadian Virtual Exchange, a Bitcoin trading platform which recently shut down. According to sources, the deal was valued at $2 million, marking the first merger deal in the growing Bitcoin exchange market.

Australian Central Bank Rules on Bitcoin Regulation Stance

Bitcoin has been quite the hot property in Australia over the past eighteen months, and it has caught the attention of the nation’s financial regulators, as it has in nations worldwide. Dr. Anthony Richards is the head on monetary policy for the Australian RBA, their fiat currency central bank. He released a statement regarding the current stance of regulators towards Bitcoin.

Secretive Startup 21 to Sponsor Silicon Valley Bitcoin Job Fair

Secretive bitcoin startup 21 Inc has announced it will be the lead sponsor for the upcoming Bitcoin Job Fair, taking place in Sunnyvale, California, on 18th April.