{"id":26804,"date":"2014-11-29T12:41:43","date_gmt":"2014-11-29T17:41:43","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=26804"},"modified":"2024-06-06T19:29:13","modified_gmt":"2024-06-06T19:29:13","slug":"the-most-important-bitcoin-developments-this-week-november-29-2014","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/the-most-important-bitcoin-developments-this-week-november-29-2014","title":{"rendered":"The Most Important Bitcoin Developments This Week: November 29, 2014"},"content":{"rendered":"<p>NEW YORK (InsideBitcoins) &#8212; 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.<\/p>\n<figure id=\"attachment_26810\" aria-describedby=\"caption-attachment-26810\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2014\/11\/BitcoinChart11292014.jpg\"><img decoding=\"async\" class=\"wp-image-26810 size-full\" src=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2014\/11\/BitcoinChart11292014.jpg\" alt=\"BitcoinChart11292014\" width=\"640\" height=\"300\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2014\/11\/BitcoinChart11292014.jpg 640w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2014\/11\/BitcoinChart11292014-250x117.jpg 250w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2014\/11\/BitcoinChart11292014-120x56.jpg 120w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-26810\" class=\"wp-caption-text\">BitcoinCharts.com<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2014\/11\/Kraken.jpg\"><img decoding=\"async\" class=\"alignright wp-image-26753\" src=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2014\/11\/Kraken-250x140.jpg\" alt=\"Mt. Gox bitcoin\" width=\"350\" height=\"197\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2014\/11\/Kraken-250x140.jpg 250w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2014\/11\/Kraken-120x67.jpg 120w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2014\/11\/Kraken.jpg 640w\" sizes=\"(max-width: 350px) 100vw, 350px\" \/><\/a>Other important developments in the cryptocurrency industry this week included:<\/p>\n<ul>\n<li>San Francisco-based bitcoin exchange Kraken was tapped to <strong>assist in the bankruptcy proceedings of Mt. Gox<\/strong>. In a directive issued by the Tokyo District Court Wednesday, Kraken was selected to \u201csupport the investigation of missing bitcoin and the distribution of remaining assets to the creditors.\u201d<\/li>\n<li>The <strong>American Red Cross began accepting bitcoin donations<\/strong> 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 &#8220;Giving Tuesday.&#8221;<\/li>\n<li>The <strong>Chamber of Digital Commerce tapped Matthew Taylor Mellon<\/strong>, 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.<\/li>\n<li><strong>Bitcoin Black Friday<\/strong> saw some 1000 merchants across the nation <a title=\"Bitcoin Black Friday: Holiday Shopping with Digital Currency Discounts\" href=\"http:\/\/insidebitcoins.com\/news\/bitcoin-black-friday-holiday-shopping-with-digital-currency-discounts\/26777\">promote bitcoin payments to holiday shoppers<\/a>, via special digital currency discounts.<\/li>\n<\/ul>\n<p>For other events\u00a0of the week, check the\u00a0<em>Inside Bitcoins<\/em>\u00a0<a href=\"http:\/\/insidebitcoins.com\/news\">news summary<\/a>. And as always, for breaking news, follow us on Twitter\u00a0<a href=\"https:\/\/twitter.com\/InsideBitcoins\" target=\"_blank\" rel=\"noopener\">@InsideBitcoins<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.facebook.com\/InsideBitcoins\" target=\"_blank\" rel=\"noopener\">join the conversation on Facebook<\/a>.<\/p>\n<p><em>Hal M. Bundrick is the Editor-in-Chief of Inside Bitcoins.<\/em><em>\u00a0<\/em><em><a href=\"mailto:Editor@InsideBitcoins.com\" target=\"_blank\" rel=\"noopener\">Editor@InsideBitcoins.com<\/a>.\u00a0Follow him on Twitter<\/em><em>\u00a0<\/em><em><a href=\"https:\/\/twitter.com\/HalMBundrick\" target=\"_blank\" rel=\"noopener\">@HalMBundrick<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">NEW YORK (InsideBitcoins) &#8212; The bitcoin price flirted with a double-digit weekly gain of nearly 12% before settling back to end the week up about <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/the-most-important-bitcoin-developments-this-week-november-29-2014\" title=\"The Most Important Bitcoin Developments This Week: November 29, 2014\">[&#8230;]<\/a><\/div>","protected":false},"author":33,"featured_media":26808,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[5174],"class_list":["post-26804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin-news-briefs-2"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Most Important Bitcoin Developments This Week: November 29, 2014 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Learn about the top happenings in the world of Bitcoin this week that are curated by Inside Bitcoins&#039; 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