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Entrepreneur makes Bitcoin gift to US college

TACOMA, Washington - 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. 

He believes the donation is the first Bitcoin gift to a U.S. college or university

Bitcoin is an open-source currency affiliated with no country or bank. Peer-to-peer trading began in 2009.