Bitcoin

Sarah Mishkin

Paypal will soon start to enable merchants on its payments processing network to accept bitcoin, a sign of the growing acceptance and maturation of the volatile digital currency sometimes derided as magic internet money.

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A bitcoin start-up has bagged fresh investment from one of Silicon Valley’s best-known venture capital firms.

Coinbase, which provides online bitcoin accounts, said on Thursday that it secured $25m in a round of fundraising that was led by Andressen Horowitz, writes FastFT. Read more >>

The inventor of the 3D printed gun has trained his sights on Bitcoin, fronting a campaign to keep the virtual currency anonymous and beyond the reach of the authorities, writes Jane Wild.

Cody Wilson’s move hits back at efforts by the Bitcoin trade body, businesses and investors who have been working with officials mainly in the US to press for acceptance of virtual currencies and hasten their integration into mainstream financial systems. Read more >>

Robert Cookson

What does Bitcoin have in common with 3D printing, besides both being technologies loved by geeks? On the face of it, not much: one is a digital currency and the other allows you to reproduce almost any small, solid object in the world.

But as lawmakers are starting to realise, there is a key similarity: both Bitcoin and 3D printing have the potential to reduce the power of the state and put it into the hands of individuals. Read more >>

If you predicted the bubble and bust in the Bitcoin market would kill off the nascent virtual currency, well, the very best you could say is that you’re early, writes Stephen Foley.

In fact, dating site OkCupid is going to start accepting payment in Bitcoin from tomorrow, the biggest brand name so far to join the Bitcoin economy. Since the site is part of Barry Diller’s IAC media empire, this gives the currency a toehold in a major corporation. Read more >>

From the newspaper that brought you “How to spend it”, we now bring you “How to spend it: bitcoin edition”.

Looking for a guitar, a new Samsung tablet, or even some real estate? Open up that digital wallet and fork over your virtual currency.

Bitcoin hit another high today, leaving sceptical pundits in its wake as it broke through the $200 level. The currency is mostly seen as a store of value – with the FT’s Izabella Kaminska adroitly pointing out that it might serve as a type of online memory more than a monetary unit – but that doesn’t mean you can’t spend it.

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The value of Bitcoins — which trade on what is best described as an OTC basis — has been soaring of late. And suddenly everyone is talking about bitcoins. Yadda yadda yadda.

Here’s the latest bubblicious chart, courtesy of Bitcoin charts:

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