Some good news from America, and (unsurprisingly) some more bad news from China. Find out what's happened in the world of digital currencies this past week.
BitPay plans to display prices in bits: The Georgia-based merchant processor BitPay has announced plans to display BTC prices in bits. The company's move follows a community discussion about bitcoin's current denominations being too complex for mainstream users.
Vaurum raises $4m in seed funding: Bitcoin trading platform Vaurum has raised $4m in funding from a group of investors including former AOL CEO Steve Case and venture capitalist Tim Draper. The California-based company offers financial institutions a way to trade and store bitcoins.
FEC approves bitcoin donations for political parties: The US Federal Exchange Commission has approved bitcoin donations for political campaigns. The FEC unanimously decided that political campaigns and political action committees can accept bitcoin as a form of in-kind donation. Congressman Jared Polis became one of the first to set up bitcoin donations for his re-election campaign.
Bitcoin versus China continues: This week BTC China halted RMB deposits from the Bank of China, CEOs of five major Chinese bitcoin exchanges withdrew from the Global Bitcoin Summit in Beijing, and Huobi is considering a future as a bitcoin marketplace.
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Have a good weekend and catch us next week at the Bitcoin 2014 conference in Amsterdam.
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RoundupsBitcoin News Roundup
Richemont Director Jin Keyu Joins Blockchain Startup as Adviser
Richemont, the Swiss luxury goods giant that owns Cartier, will potentially utilize blockchain in a move aimed to bring transparency to its supply chain.
Jin Keyu, a renowned economist and an assoc
Thailand Is Planning a 'Bond Coin' for Faster Securities Settlement
A self-regulatory organization in Thailand is planning to create a custom token aimed to speed up corporate bond settlement in the country.
The Thailand Bond Market Association (TBMA) said it has r
G20 Watchdog Releases Framework for 'Vigilant' Crypto Monitoring
The Financial Stability Board (FSB), an organization focused on analyzing and making recommendations to the G20 on global financial systems, has presented a framework for monitoring cryptocurrency ass
Report: World's Biggest Asset Manager BlackRock Exploring Bitcoin
Global investment management company BlackRock is reportedly mulling a move into bitcoin.
According to a Financial News London report on Monday, the New York-based asset manager has now set up a wo
A Crypto Exchange Is Buying Back $24 Million-Worth of Its Own Tokens
FCoin, a new cryptocurrency exchange that saw spiking trading volume recently due to its controversial revenue model, has revealed a plan to buy back millions of its own tokens to provide capital for
Hong Kong's Blockchain Trade Finance Platform to Go Live By September
The Hong Kong Monetary Authority (HKMA), the autonomous Chinese territory's de facto central bank, is poised to launch a live blockchain trade finance platform within two months.
"The Trade Finance
Peter Thiel, Bitmain Co-Founder Invest in EOS Developer Block.one
EOS protocol maker Block.one has received new backing from a number of big-name investors, including PayPal co-founder Peter Thiel.
In a fresh round of funding – the amount of which was not disclos
Court Approves Alleged Bitcoin Money Launder's Extradition to France
A Russian national accused of laundering billions of dollars on the now-defunct crypto exchange BTC-e could soon be extradited to France following a court decision.
Since his arrest last summer, Al