Forget Bitcoin ATMs. The oft-misunderstood digital currency is going even more mainstream. The University of Nicosia in Cyprus announced they would be accepting Bitcoin as a form of payment for tuition, making them the first accredited institution in the world to accept the cryptocurre… we implement digital currency as a method of payment across all our institutions in all cities and countries of our operations.” Bitcoin has been on an insane rollercoaster over the past week. Two days ago, the price was up around $900, but this morning it crashed all the way to $460.

The bitcoin story in China sounds like a mini-metaphor for the Chinese economy itself: while the rest of the world was looking elsewhere,its citizens worked to acquire vast amounts of new wealth before bursting into the headlines only recently as a superpower. As of this November,China…s‘ local arm Lightspeed China to expand its operations further. Some 109, 841 bitcoins changed hands in the week preceding 4th November,compared with Bitstamp’s 93, 372 and Mt Gox’s 76, 673. Unlike the world’s other large-volume exchanges,BTC China does not charge any transaction fees.

Bloomberg John Donahoe, chief executive of eBay EBay may open its wallet to the virtual currency Bitcoin. The e-commerce heavyweight is exploring ways to integrate bitcoins into its PayPal payments network, Chief Executive John Donahoe said in an interview with The Wall Street Journal …year earlier. Last month the U.S. Treasury Department said it will apply money-laundering rules to Bitcoin and other virtual currencies, meaning firms that issue or exchange the increasingly popular online cash will be regulated in a manner similar to traditional money-order providers.

The video on the next page shows a pretty mean feat of coding. Developer Brandon Jones has taken files from the iOS version of id's Rage game, which came out for iOS a little while ago, and tweaked them to display in WebGL, a library for JavaScript that can generate 3D graphics in a co…development on other platforms. As Jones says, mobile devices often represent a crunch on available resources and performance, and that aligns perfectly with the limitations that lots of web developers are facing as games on that platform get more and more complicated. [via Waxy] Share

With value of the Bitcoin soaring at maximum heights, it might be time to review the current standard transaction fees. Unlike traditional payment systems such as VISA and Paypal where fees are enforced by a central authority, Bitcoin users have the democratic ability to decide what fe…actions, but they will accept a fair, just and sensible offer set by a large group of users. You choose what you believe is fair The idea is that you open your Bitcoin program 's settings / Adjustments and set a fee that you believe should become the new standard. This is how you vote.