Blockchain Blog

Bitcoin News for the week of 5/25/15

Welcome to our weekly Bitcoin news recap, where we cover top headlines and stories in the world of Bitcoin each week. This week we attended the Pioneer Festival, where Blockchain CEO and co-founder Peter Smith and angel investor Roger Ver were keynote speakers. Other interesting notes this week are the block size debate continues to be a hot topic, a Bitcoin center opened in Brazil, and Pinn won top prize for a hands-free Bitcoin payments application. Get all this cool news and more, in this week’s recap.

“Bitcoin for me is, above all, a beautiful protocol” says @OneMorePeter from @blockchain #Pioneers15 pic.twitter.com/DyA0KZpm9A

— Kim van Haalen (@kimvanhaalen) May 29, 2015

Roger Ver and Peter Smith of Blockchain to be Keynote Speakers at Pioneers Festival

Roger Ver and Peter Smith will be addressing nearly 2,500 participants who have registered for the Pioneer festival. The participants will be learning not just from the two keynote speakers but from various other events that are part of the festival.

Creative Commons and ascribe Enable Copyleft on the Bitcoin Blockchain

Creative Commons (CC) France and ascribe have announced a partnership that unlocks the value of the Bitcoin blockchain for the benefit of the free and open-source culture. The new CC + ascribe service (cc.ascribe.io) allows creators to share their works under a CC license. The service securely time-stamps the work to the blockchain, and stores the file and its meta-data to the cloud.

Indonesians Start to Embrace Bitcoin

Indonesians are increasingly embracing the digital currency known as bitcoin as a payment solution for online transactions and to send and receive money. In a country where many people don’t have bank accounts or credit cards, and money transfers often involve high transactions fees, more individuals are overlooking criticisms and focusing on how to use the technology to their benefit.

Bitcoin Might Be The Next Big Thing In The Remittance Market

Remittance remains deeply dependent on third parties: banks are still validating money transfers from senders to the remittance operator and again to recipients. Bitcoin could even lower fees thanks to its decentralized network and through three different operating models that could be shaped.

![BitcoinToYou photo via Coindesk](http://blog.blockchain.com/content/images/2015/05/bitcoin-brazil-1024x500.png)
BitcoinToYou photo via Coindesk
[Bitcoin Center Opens in Brazil’s Capital City](http://www.coindesk.com/bitcoin-center-brazil/)

BitcoinToYou has opened its newest franchise location in Brasília, the capital city of Brazil. The announcement marks the fourth physical location to open under the Brazil-based bitcoin and litecoin brokerage’s brand in the last year.

Analysis Paralysis

Gavin Andresen has a series of blog posts which are meant to show that has carefully thought about risks and benefits [of the block size]. “I stepped back from the role of lead committer exactly so I would have the time to think about bigger-picture issues like this one.”

MIT aims to give bitcoin research, development a stable home

Massachusetts Institute of Technology Media Lab is offering researchers and software developers a quiet home to work on bitcoin’s core technology, a computer science breakthrough that lets people trade money securely without paying a middleman.

First bitcoin bank is applying for license in Switzerland

A group of undisclosed investors joined their forces to create the first Bitcoin bank in the world. Presently, this bank is applying for a license, reports Die Handelszeitung. According to the newspaper, “several sources” informed journalists about the registration process. The Bitcoin bank team currently consists of eight members.

Pinn Wins Top Prize for Hands-Free Bitcoin Payments App

Payments startup Pinn placed first in the retail category at Plug and Play demo day last week for a unique point-of-sale (POS) solution that enables bitcoin and fiat payments without the need for a smartphone or wallet. The accelerator featured a number of bitcoin and blockchain startups in its FinTech portion, however, Pinn provided evidence of bitcoin’s expanding appeal to other markets.

Bitcoin for books? Simon Fraser University accepts virtual currency

A British Columbia university is now accepting the digital currency bitcoin at all of its bookstores, a move staff claim is a first for Canadian post-secondary schools. Simon Fraser University has also announced that automated bitcoin vending machines will soon begin operating on campuses in Burnaby, Vancouver and Surrey. “What we’re trying to do is get students to talk about innovation and try bitcoin,” said Mark McLaughlin, SFU’s executive director of ancillary services, in a news release.

Bitcoin’s tech is entering the major leagues

It’s no longer exclusively the realm of start-ups and independent enthusiasts. With a string of announcements in recent weeks, major companies are now betting that Bitcoin—more specifically, the technology that makes it—will come to underlie our everyday lives and the global financial system.

Nathaniel Popper’s Digital Gold Sheds Light On The Rise Of Bitcoin

Popper’s book, is a tale told quickly and well and each chapter follows, chronologically, a month in the life of Bitcoin. Popper’s research is primarily gathered via IRC chat rooms and forums as he interviews all the major players. He tells their tales by turns, bringing Satoshi to the fore in one chapter and then the Winklevoss twins in the next.

Don’t Understand Bitcoin? This Man Will Mumble An Explanation At You

This is a parody of one man’s explanation on Bitcoin, but with a hilarious twist. Watch and listen (listen carefully) to this video to see what he says about it. It’s not surprising hardcore Bitcoiner’s actually know most of what he is saying.

Why bitcoin should replace the like button

Bitcoin has big potential for changing how value transfer is being done on the internet, it could reinvent it. Value transfer could be woven into almost any interaction on the internet and bitcoin could change our fundamental understanding of how we exchange value.

IBM Bitcoin Rain Commercial 2015

IBM Cloud rained money at Campus Party, the biggest geek event in the world. Participants downloaded a weather app and kept an eye on the forecast. At a given time it warned them that a different rain was approaching. A bitcoin rain. People then had to go to the right place in the event, at the right time and raise their cellphones to capture the money.

It’s not too late to get into Bitcoin, insists Bitcoin Jesus

There is a myth in certain circles that it is too late to get into Bitcoin — that if you didn’t buy in early then you missed the boat. Not so, says Roger Ver. You might expect him to say that, though: he is also known as Bitcoin Jesus, after all. It feels like a lot has happened to Bitcoin during its short lifetime, but the reality is that it is still early days for the cryptocurrency.