In what may be the first college donation of the new electronic currency, a Bitcoin entrepreneur has made a $10,000 virtual donation to a Washington state liberal arts college. The University of Puget Sound said on Wednesday it had received a donation of 14.5 coins of the digital currency, which it has converted into more traditional dollars. Nicolas Cary graduated from the university in 2007 and now runs Blockchain, which supports the online currency market. The 27-year-old CEO said he wanted to make the gift in the money that is central to his life and career.
LinkedIn is hoping to unleash more wisdom on its professional networking service by giving its 277 million accountholders more space to share their experiences and insights. A new feature that rolled out Wednesday frees LinkedIn users from restrictions that have limited posts to a maximum of 300 characters. LinkedIn users will now be able to share essay-length musings about their industries or jobs. The lengthier posts will be displayed only within the author’s network of LinkedIn connections but could be distributed to a broader audience if the content is popular among its initial audience.
U.S. Sen. Charles Schumer, D-N.Y., said Tuesday he is recusing himself from any role Congress plays in Comcast Corp.’s planned acquisition of rival Time Warner Cable Inc. after learning his brother, Robert Schumer, was one of the lead lawyers behind the $45 billion deal, representing Time Warner Cable. Federal regulators and lawmakers will scrutinize how the acquisition would affect competition and consumers, issues that could have come before Sen. Schumer as a member of the Senate’s Judiciary Committee’s antitrust subcommittee.