NEW YORK (InsideBitcoins) — The bitcoin price flirted with a double-digit weekly gain of nearly 12% before settling back to end the week up about 6% to the mid $370s. The cryptocurrency began the weekend following Black Friday by gaining 5% to the mid-$380s by early Saturday morning.
- San Francisco-based bitcoin exchange Kraken was tapped to assist in the bankruptcy proceedings of Mt. Gox. In a directive issued by the Tokyo District Court Wednesday, Kraken was selected to “support the investigation of missing bitcoin and the distribution of remaining assets to the creditors.”
- The American Red Cross began accepting bitcoin donations on a temporary basis, thanks to the efforts of Bitpay, the Atlanta-based bitcoin payment processor, who established a hosted donation webpage for the well-known U.S. charity. Cryptocurrency contributions will be accepted through “Giving Tuesday.”
- The Chamber of Digital Commerce tapped Matthew Taylor Mellon, heir to the noted Mellon-Drexel families, to serve as executive committee chairman. The volunteer position will see Mellon serve as a liason between the bitcoin advocacy organization and the financial services industry.
- Bitcoin Black Friday saw some 1000 merchants across the nation promote bitcoin payments to holiday shoppers, via special digital currency discounts.