Blockchain Blog

Bitcoin News for the week of 6/27/16

Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. We’re proud to say that this week Blockchain was recognized as a Technology Pioneer by the World Economic Forum. Blockchain CEO Peter Smith also had the opportunity to sit down with major news outlets to shed some light on bitcoin and the post-Brexit scenario. There was also news this week about the Winklevoss ETF, and in China a new law was proposed to help protect user digital assets, including bitcoin. Read all this news and more, in our weekly recap.

Blockchain takes center stage at WEF
![Blockchain CEO Peter Smith, photo courtesy of CNBC](https://blog.blockchain.com/content/images/2016/07/peter-smith-wef-cnbc.png)
Blockchain CEO Peter Smith, photo courtesy of CNBC
[Blockchain Named Technology Pioneer by World Economic Forum](https://news.bitcoin.com/blockchain-named-technology-pioneer-world-economic-forum/)

Blockchain, the world’s leading provider of blockchain technology, was today named a World Economic Forum (WEF) Technology Pioneer, joining a selection of the world’s most innovative companies. Pioneers were recognized for their potential to significantly impact business and society through new technologies.

Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum, had this to say about the recognition: “Blockchain is among those companies helping to shape the Fourth Industrial Revolution, a technological revolution which will fundamentally alter the way we live, work and relate to one another. Through the platform of the World Economic Forum, it will be able to scale and share its technology and achieve a larger impact.”

At the World Economic Forum, Blockchain gave both bitcoin and blockchain technology a chance to shine. In an interview with CNBC, our CEO Peter Smith had a chance to sit down and talk about how bitcoin is actually more stable than the euro or the pound post-Brexit. Peter also had the opportunity to speak with Bloomberg on blockchain’s disruptive effect on the financial industry.

Bitcoin ETF and Exchanges
![Cameron Winklevoss and Tyler Winklevoss, Photograph by Alli Harvey via Fortune](https://blog.blockchain.com/content/images/2016/07/winklevoss-twins.jpg)
Cameron Winklevoss and Tyler Winklevoss, Photograph by Alli Harvey via Fortune
[Winklevoss Brothers Dump Nasdaq For Proposed Bitcoin Fund](http://fortune.com/2016/06/29/winklevoss-brothers-nasdaq-bitcoin-fund/)

Investors Cameron and Tyler Winklevoss on Wednesday filed to switch the listing of their proposed bitcoin exchange-traded fund to BATS Global Markets from Nasdaq, according to a filing with the Securities and Exchange Commission.

Also making news this week is Indian bitcoin exchange Coinsecure, who partnered with BitPay to bring bitcoin payments to Indian merchants. Kraken, another bitcoin exchange, acquired bitcoin exchange CleverCoin to expand their reach further into the European market.

Around the Globe
![Illustration via CoinTelegraph](https://blog.blockchain.com/content/images/2016/07/china-rights-illustration.jpg)
Illustration via CoinTelegraph
[Bitcoin to Become ‘People’s Right’ in China, New Law Proposed](http://cointelegraph.com/news/bitcoin-to-become-peoples-right-in-china-new-law-proposed)

The new civil code which is contained in the upcoming General Provisions Draft would give Chinese citizens recourse to legal remedy in case their bitcoin or other digital assets are stolen. This is similar to current legal options and is applicable to personal information being leaked, hacked, or stolen.

China has been a hot bed of activity in recent times when it comes to bitcoin. This week NY Times columnist Nathaniel Popper wrote about how China is playing a major role in the Bitcoin economy. As the block size debates continue to raise eyebrows, the bitcoin scaling solution currently in place enters the next phase.

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