Video: Roundup of This Week’s Bitcoin News 16th May 2014

We took a break from Bitcoin2014 to bring you the digital currency news highlights of the past week.

May 16, 2014 at 4:36 p.m. UTC
Updated Sep 11, 2021 at 10:46 a.m. UTC

Hello from the Bitcoin2014 Conference in sunny and windy (sorry about the audio!) Amsterdam.

While more than 1,100 bitcoin enthusiasts were travelling to the Netherlands this week, other exciting news was still brewing in the bitcoin world. Here are three of the biggest headlines:

BitPay raises $30m in Series A funding

Atlanta-based bitcoin merchant processor BitPay raised a record-breaking $30m in a funding round – the largest-ever for a company in the bitcoin space. In this funding round, BitPay was backed by a star-studded investor group, including Yahoo founder Jerry Yang’s AME Cloud Ventures and PayPal Founder Peter Thiel’s Founders Fund. Virgin Galactic’s Sir Richard Branson also pledged support.

eBay CEO is 'actively considering' bitcoin integration

eBay CEO John Danahoe revealed that his company is considering bitcoin integration with PayPal. This is not the first time Danahoe has expressed interest in the digital currency – last year he suggested his company was looking into bitcoin, but the latest statements are more official.

Circle launches as a worldwide bitcoin banking service

Circle has revealed its plans for bringing bitcoin to the mainstream market. This Boston startup now offers itself as a place where you can easily store bitcoin and make purchases with it. It is also positioning itself as an ultra secure platform and is offering $10-worth of bitcoin to all new users.

All of these companies and many more are here at Bitcoin2014 in Amsterdam. Keep an eye out for many exciting stories and follow @CoinDesk on Twitter for live updates from the sessions.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Kevin McCoy: The Metaverse Is Going to be Powered by Game Engines

Kevin McCoy, the digital artist who minted the first NFT ever, compares the metaverse of today to the watershed moment when Nintendo launched Mario Bros in 1985.

Kevin McCoy, the digital artist who minted the first NFT ever, compares the metaverse of today to the watershed moment when Nintendo launched Mario Bros in 1985.

CoinDesk - Unknown
2
CoinDesk - Unknown
What Is 'the Merge' and Why Has It Taken So Long?

Ethereum’s shift to proof-of-stake is one of the most anticipated events in cryptocurrency.

Ethereum’s shift to proof-of-stake is one of the most anticipated events in cryptocurrency.

CoinDesk - Unknown
3
CoinDesk - Unknown
How to Prevent the Metaverse From Becoming a Nightmare

Covering everything from zero-knowledge proofs to interplanetary file storage.

Covering everything from zero-knowledge proofs to interplanetary file storage.

CoinDesk - Unknown
4
CoinDesk - Unknown
‘Bitcoin Will Find Its Footing,’ According to Grayscale CEO

“I think in the near term, we [crypto] will find our footing,” Grayscale Investments CEO Michael Sonnenshein, said on CoinDesk TV’s “First Mover.”

“I think in the near term, we [crypto] will find our footing,” Grayscale Investments CEO Michael Sonnenshein, said on CoinDesk TV’s “First Mover.”

CoinDesk - Unknown