Blockchain Blog

Bitcoin News for the week of 11/16/15

Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. On Monday we released our updated and improved receive payments API, which developers can start building on right now. In other exciting headlines, we wrapped up the HackPrinceton event, which was a blast! This week a spotlight was shone on bitcoin and philanthropy; a subject we hold close to our hearts. In a shift of focus, we can see from a high level that bitcoin is still a hot topic for many around the world, and continues to capture the imagination of many.

**Building on the Blockchain **

![Receive Payments API V2](
Blockchain Receive Payments API V2
[Announcing the new Blockchain Receive Payments API](

This week we announced the beta release of the Blockchain Receive Payments API V2. We will be writing a full work up soon, but anyone interested in giving it a try can do so now. Developers can also use our new HD alpha wallet to power it. Our support documentation is updated to guide you through all the details.

In addition to our new payments API, we still see amazing projects being built every week on our platform. A special congrats to HackPrinceton 1st place winners CommPound who built an application addressing the tragedy of the commons dilemma using the Blockchain Wallet and Data API’s. We also did another featured post on bitcoin developer Kyle Honeycutt who used the Blockchain API to create an awesome tutorial to show other developers how to display the time left until the next bitcoin block halving.

Bitcoin is making a difference

![Photo via FMSC](
Photo via FMSC
[Bitcoin Community Leads Relief Effort for Mariana Flood Victims](

Two dams collapsed in the Mariana region of the Minas Gerais State in Brazil on November 5th, 2015. Large tracts of once-inhabited land near the former dams are now covered under meters of mercury-laced, toxic mud. The tragedy has left 250,000 inhabitants without drinking water. The Bitcoin community has responded. A donation campaign, #BitcoinPorMariana, has circulated Facebook, Reddit and other social media. Funds raised will help cover the costs of delivering bottled water.

Bitcoin can be a boon towards charity and causes, especially for a rapidly growing countries like India. In an article Tipping Point #1: Using Bitcoin to Aid Charity in India, they discuss the many benefits of that bitcoin brings to charitable causes, in particular how it can help in India. We know through our own research and discussions with other partners in this space, how impactful bitcoin is in the nonprofit sector. In an article by the Foundation for Economic Education, they discuss the problem that all refugees face; a lack of access to traditional banks. Refugees, much like those in need who turn to nonprofits for assistance, have much to gain from the advantages of bitcoin. Bitcoin can provide a way to bypass the traditional banking system and give aid to refugees directly.

**Bitcoin is getting bigger and stronger **

![Infographic via](
Infographic via
[Bitcoin Is Growing up – an Infographic of the Bitcoin Ecosystem](

Bitcoin has come a long way. The technology is growing up and changing from its early days as a project adopted by impassioned technologists to a technology widely researched and used by financial institutions worldwide. In an infographic by BitcoinMagazine they illustrate how bitcoin is “everywhere.”

In fact, bitcoin is global. Each week, we report new headlines in different countries of governments, financial institutions, companies, investors, and politicians, all talking about bitcoin and blockchain technology. If there is one thing about it, it’s fascinating and has captured the attention of many. Just this past week, Brazil is said to have held hearings on possible regulation of the digital currency. In Taiwan, the chairman of the FSC confirmed that bitcoin is a commodity and they will refrain from trying to regulate it.

More venture capital

Kleiner Perkins is backing its first bitcoin startup

One of Silicon Valley’s premiere venture capital firms is making a bet that bitcoin will make it easier for businesses to move money around the world. Kleiner Perkins Caufield & Byers was part of $12.5 million investment in Align Commerce, a San Francisco-based startup that uses bitcoin to enable cross-border money transfers. This is KPCB’s first investment in the bitcoin world, according to the Wall Street Journal.

In addition, bitcoin startup Bitwage announced the closure of a funding round with $760,000 led by France’s largest telecommunications company, Orange, as well as Tim Draper’s Draper Associates. According to the information from Bitwage, they now plan to expand their work in Europe with bitcoin payroll and international payroll solutions.

Did you enjoy our content for this week’s news recap? Share your thoughts by commenting below!