Bitcoin Nation

Capitol Hill Is Hosting Its First Bitcoin Demo Day Today

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Rep. Jared Polis, the “Gamer Congressman,” has been a big advocate for Bitcoin on Capitol Hill. He’s taken BTC for campaign donation, lampooned his colleagues for speaking out against Bitcoin, and invited fellow congressmen to give Bitcoin a shot. Now, he’s helping bring Washington, D.C. its first Bitcoin Startup Demo Day.

Today, a few major Bitcoin startups like Coinbase, BitPay and BitGO will set up shop in the Rayburn House Office Building to convince Washington regulators to embrace Bitcoin. They’ll be joined by major companies who have successfully integrated Bitcoin into their business models, like Expedia, who started taking payments in Bitcoin earlier this summer and have been more than happy with the results. Read More

Expert Thoughts

“Bitcoin Is The Truth,” Says Rap Genius Founder Mahbod Moghadam

Mahbod Moghadam (Photo via Facebook)

My introduction to Bitcoin came from the smartest living man. Balaji Srinivasan is the youngest General Partner at Andreessen Horowitz. Currently he is building a development wing for Andreessen—a project that, to my knowledge, no VC has ever undertaken. Ben Horowitz calls him “Young Einstein”.

Balaji is Indian, but has piercing green eyes. Looking at his face is hypnotic. He is a prodigy — he started teaching at Stanford when he was 26. The first time I met him, he took me to brunch in Williamsburg and we discussed asking Nas to record a diss track on this bitch-ass tech reporter whom we both loathe…

The conversation quickly turned to Bitcoin. Read More

Fun With Bitcoins

You Can Now Use Bitcoin to Bet on the World Cup

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The World Cup begins this Thursday, and if you’re American, you probably have a number of questions: What sport is this again? Is the U.S. even playing? And (most importantly) how can I place bets? The answers to those questions are “soccer,” “yes,” and now, “in Bitcoin.”

A new service called Bitkup is taking bets on your projections for the World cup. You can either opt into the betting pool with a single payment of 0.05 BTC ($33 at time of writing) or simply play along without betting. Playing for fun won’t qualify you to win the jackpot, but could lead to winning Bitcoin-themed prizes. Read More

More Money More Problems

50 Cent’s New Album Available for Bitcoin Puchase

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As politicians and businessmen are getting on board with digital currencies, 50 Cent has hopped on the bitcoin bandwagon. The rapper’s new album Animal Ambition, along with his other merch, is now purchasable through BitPay, allowing consumers to use cryptocurrency to get 50’s latest.

“The bitcoin community represents his target demographic — young men between the ages of 18 and 30,” Stephanie Wargo, VP of Marketing at BitPay, told Betabeat, “The bitcoin community is also an untapped market ready to spend their money. Accepting bitcoin is a great business decision for a popular and independent hip-hop artist such as 50 Cent.” Read More

Bitcoin Nation

NY Congressional Candidate Jeff Kurzon is Now Taking Donations in Bitcoin

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Ever since the FEC decided that it was legit for congressional campaigns to take donations in Bitcoin, a few future-forward politicians have made digital currency donations part of their platform. Now that trend is making its East Coast debut in New York City’s 7th district.

Congressional candidate Jeff Kurzon will start accepting donations to his campaign in Bitcoin this week as part of his effort to unseat Congresswoman Nydia Velázquez. Jeff Kurzon is the first New York politician to accept digital currencies for a campaign, following in the footsteps of Colorado’s Jared Polis and Texas’s Steve Stockman. Read More

Bitcoin Nation

Colorado Congressman Starts Accepting Campaign Donations in Bitcoin

(via Jeffrey Beall)

Rep. Jared Polis, “The Gamer Congressman,” said yesterday that he’s started accepting Bitcoin for his next reelection campaign.

“Bitcoin, and other digital currencies, are just beginning to show the world what a tremendous tool they can be,” Mr. Polis said in a release, “whether it is reducing transaction costs in developing nations, giving people more options for engaging in commerce, or sending Representatives dedicated to advancing personal freedom to Congress.” Read More

it's all about the bitcoin baby

Bitcoin Whiz Charlie Shrem Says ‘There Are Holes’ in His Money-Laundering Case

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“This is kind of a premiere for Charlie,” New York Times reporter Nathaniel Popper joked last night. “This is the first time I’ve seen you out of the house.”

Mr. Popper and former BitInstant CEO Charlie Shrem were sitting on the stage at the School of Visual Arts theatre. Mr. Shrem was arrested in January on charges of money laundering associated with his bitcoin exchange company, BitInstant. He’s currently under house arrest, but was allowed to attend last night’s panel on the documentary The Rise and Rise of Bitcoin, in which he’s a prominent character.

Filmmakers Nicholas Mross and Daniel Mross joined Mr. Shrem and Mr. Popper onstage, following a screening the documentary.

The documentary follows bitcoin magnates like Mr. Shrem, Jered Kenna of Tradehill, Gonzague Gay-Bouchery of Mt. Gox and Mike Caldwell of Casascius Coins. Read More