HashPlex CEO Bernie Rihn

Hashplex lands $400,000 in funding to bring cloud-based bitcoin mining to the masses

HashPlex, a company that hosts Bitcoin mining equipment, announced today that it raised $400,000 in a seed round. The round was led by Barry Silbert, the Founder of the Bitcoin Opportunity Corporation, and Facebook engineer Jason Prado. The Seattle-based company allows Bitcoin miners to send in their equipment – usually specially-designed circuits that run calculations… Read More

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Book a hotel with Bitcoin: Expedia starts accepting digital currency for reservations

Bitcoin users looking for a place to stay while traveling now have a whole bunch of new options. Expedia says it will now start accepting Bitcoin payments for hotel reservations, so people who have the cryptocurrency will be able to reserve rooms from hotels around the world without converting their currency. The new feature is made… Read More

B.J. Guillot

Why this Republican congressional hopeful is taking Bitcoin donations

B.J. Guillot, a Republican running for Congress in Washington’s 2nd Congressional District, announced today that his campaign will accept donations in Bitcoin. Because the Federal Elections Commission has offered unclear guidance on how candidates and Political Action Committees should treat the popular cryptocurrency, Guillot will only accept Bitcoin donations worth $100 or less. It’s possible that… Read More

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No Bitcoin for Amazon: Online retail giant says it’s not seeing enough demand

Overstock.com has made a big fuss about accepting the digital currency to the point where you’d expect other major online retailers to follow suit, but Amazon says it won’t be one of them. In an interview with Re/code’s Jason del Rey, Amazon payments head Tom Taylor said they’ve considered accepting bitcoin, but there’s no rush. “We’re… Read More

Photo via Flickr user btckeychain.

Uncle Sam wants a piece of the bitcoin action

Did the bitcoin party just end in the U.S.? If you were using the digital currency to avoid paying Uncle Sam capital gains on investments, then you bet. In its first ruling on bitcoin, the IRS has done the inevitable and clarified how it will be taxing the increasingly popular form of electronic money. It… Read More

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Need to know how much a Bitcoin is worth? Ask Bing

Microsoft announced today that Bing is now capable of currency conversions with Bitcoin. To figure out how much a Bitcoin is worth in a particular currency or how much of a Bitcoin it’s possible to afford with a given amount of money, just use “btc” in currency conversions in place of another currency. For example,… Read More

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Bitcoin commerce reaches record highs during Black Friday weekend

In yet another reminder of the digital currency’s massive growth over the past several weeks, Bitcoin transactions reached record highs during Black Friday weekend. According to Coinometrics, which measures the cryptocurrency economy, there were a record 102,010 Bitcoin transactions on Nov. 29. Meanwhile, leading Bitcoin merchant processor service BitPay announced today that Black Friday was… Read More

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This university is the first in the world to accept Bitcoin for tuition

The Bitcoin craze has made its way to the educational system. The University of Nicosia in Cyprus announced today that it will allow students to pay for tuition fees with Bitcoin, becoming the first accredited university in the world to do so. Starting this spring, Bitcoin will be accepted throughout the entire University of Nicosia system, which includes… Read More