Bitcoin News Mash-Up: US Auctions Bitcoin; Coinbase Issues Discounts; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin events that took place between June 13th and 14th.

United States Marshal Service to Auction Silk Road Bitcoins
Few hours before, some Reddit users noted that over $17.4 million worth Bitcoin have been moved to another wallet. Incidentally the wallet from where these Bitcoins were moved used to belong to Silk Road – the online drug marketplace that was recently shut down by the US law enforcement agencies.

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Soon a headline hit the wires that US Marshal Service are actually planning to auction those Bitcoins, as they are now a government property. According to the reliable sources, the auction is scheduled on coming June 27th from 6 am to 6 pm.

Technology Institute Now Accepting Bitcoin
The online education technology start up Treehouse recently started accepting Bitcoins for its online technology classes. The announcement came through the institute’s website that said:

“We’re excited to announce that as of today we will be accepting Bitcoin via Coinbase as one of our payment options,” followed with a “Woohoo!”

Coinbase Offering 25% off for Bitcoin Businesses
In order to attract more and more businesses towards Bitcoin, Coinbase is now offering 25% off for companies that allow their customers to make payments using the cryptocurrency. The California-based company wants businesses to acknowledge the benefits of using Bitcoin over traditional payment methods.

It said: “[Transaction] expenses are passed on to consumers in the form of higher prices for goods and services. Bitcoin significantly reduces transaction fees and costs associated with fraud and chargebacks. And now, merchants can share these savings with consumers by enabling instant discounts on orders paid in bitcoin.”

To contact the assembler of the stories: Yashu Gola at yashu@forexminute.com

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