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Bye-bye Gox and hello BTC debit cards! Not entirely sure what I'm talking about? Take a look at this week's news roundup to get up to speed with the latest developments in the world of digital currency.

Mt. Gox announces commencement of bankruptcy proceedings: This week we bid our final goodbye to Mt. Gox as a company when bankruptcy proceedings were announced in Japan. The troubled bitcoin exchange officially filed for liquidation last week. A group of investors made a last ditch attempt earlier this week to stop the company from being liquidated, but a deal didn't materialize.

Jeff Garzik announces partnership to launch 'BitSats': Bitcoin core developer Jeff Garzik's Dunvegan Space Systems has partnered with Deep Space Industries Inc. to build 'BitSats' – bitcoin satellites that will be launched into space to act as a backup of the bitcoin block chain.

Xapo announces new BTC debit card: California-based bitcoin wallet provider Xapo is launching a bitcoin debit card. The product is being lauded as the first to allow bitcoin users to spend freely like traditional debit cards. Xapo said the card will debit bitcoin directly from users' wallets and could be used anywhere MasterCard is accepted, although MasterCard denied having a direct relationship with Xapo.

'The Rise and Rise of Bitcoin' premieres: The hotly anticipated bitcoin documentary 'The Rise and Rise of Bitcoin' premiered at the Tribeca Film Festival in New York on April 23rd. The film covers all of bitcoin's high-profile twists and turns since 2011.

State of Bitcoin Q1 2014 Report: CoinDesk released its State of Bitcoin Q1 2014 report which indicates that venture capital in the bitcoin ecosystem is soaring. For rest of the year, venture capital looks set to match early stage in the Internet in early '90s.

Thanks for watching, have a great weekend!