We’ve been working on subscription/recurring payments for quite some time, and today they are launching in beta! Recurring payments are an important addition to our merchant tools and something that a number of merchants have requested.

We’re excited to announce that Coinbase has raised $5m in Series A funding from Fred Wilson at Union Square Ventures. You can see his post about the investment here. Ribbit Capital, SV Angel, and Fundersclub also participated in the round.

We’re pleased to announce that the Coinbase PHP library has launched!

This library makes it even easier for PHP developers to integrate bitcoin into their web applications.

Congrats to BitWall, winner of the 2013 Bitcoin Hackathon. BitWall was engineered by (fellow Duke alum and former Visa employee) Nic Meliones and Ankur Nandwani (engineer at Lookout).

Back in February we announced that over $1M USD worth of bitcoin was being bought and sold each month on Coinbase.