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November 27th Weekly News Update

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http://moneyandtech.com/November-27-news-update/ Software community Mozilla, known prominently as the developer behind the Internet browser Firefox, has begun accepting bitcoin donations for the Mozilla Foundation, a non-profit entity dedicated to protecting the open web and securing Internet privacy. The Mozilla Foundation now joins the growing list of non-profit organizations to accept bitcoin as a form of payment. Mozilla appears to have found a new best friend in Yahoo, who is slated to serve as the web browser's new default search engine over the next 5 years, and what a partnership, considering Yahoo and Firefox’s stance as the two biggest Google competitors on the Internet. Animosity between Mozilla and Google begin in 2008, when Google's introduction of Chrome began undercutting Firefox. The contract between the two entities expires at the end of this month, and both companies have seemingly decided not to renew. Though Google is still number 1 in popularity, Firefox boasts an impressive roster of loyal users and looks to solidify its place in the Internet universe even further through its move with Yahoo. Cambridge-based financial startup Kensho has hooked up with major Wall Street player and multinational banking firm Goldman Sachs to secure a $15 million dollar funding round, thus making Goldman Sachs the largest investor to be linked to the growing startup and setting Kensho's valuation in the impressive 9-figure range. Kensho is an analytics platform that provides investment professionals with cloud-based software that can uncover the answers to over 65 million question combinations and search through 90,000 financial assets in a matter of seconds. Norway-based bitcoin exchange Justcoin, which was forced to cease operations late last October after being dropped by its banking partner, has been purchased by Hong Kong-based bitcoin company ANX, and was formally revived for business on Monday. Justcoin will continue operations under the same brand, only this time as part of ANX, using ANX technology. The price of Bitcoin this week has done a pretty good impression of a very boring rollercoaster. The price hit a high of about $385 dollars on Friday, hit a low of about $345 over the weekend, then rose up to about $365, decided it liked it there, and hasn't really changed much since then. Cryptocurrency derivitaves platform BitMEX or Bitcoin Mercantile Exchange, has announced its full launch. In addition to offering traders new financial instruments that enable sophisticated arbitrage strategies, BitMEX has promised to provide superior market liquidity for trading and routine audits to promote transparency and confidence in its services. San Francisco-based exchange platform Kraken announced today it has come to the aid of embattled exchange Mt Gox, to assist with liquidation and the investigation into the now fabled missing bitcoins. Kraken was selected after a lengthy evaluation process where multiple companies were considered. In the event that court appointed trustee Nobuaki Kobayashi elects to distribute bitcoin back to Mt Gox's creditors, they will be asked to open an account Kraken account to make the distribution cost-effective, secure, and simple. Many people are already lined up for this year's Black Friday. You know, the day after Thanksgiving where discount hunters go crazy all over each other to get a head start on their holiday shopping. Its a dream for bargain hunters and people who like fighting over electronics, and the reason Best Buy should offer hazard pay. Last year, 7 people died over 100 were injured, and the PS4 sold out really fast. But what do you do if you want sweet deals but don't want to risk being trampled to death, or choked out over a tv? Enter, Bitcoin Black Friday. Last year's Bitcoin Black Friday was the most popular day in the history of Bitcoin commerce reporting about $6 million dollars in bitcoin spent during the day, and this year is shaping up to be even bigg...