This week Apple let down its anti-bitcoin guard and 50 Cent dropped a new album with some exciting news. Check out these and other top news stories in this week's roundup.
Apple updates its policy on virtual currencies: Apple released an update to its App Store Review Guidelines. The updated purchases and currencies section now reads:
"Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions."
Apple has had a long history of restrictive policies dating back to 2012 when it first removed the Blockchain and BitPak wallet apps. Apple garnered the ire of the bitcoin community again when it removed Coinbase in November 2013 and Blockchain in February 2014.
eBay CEO hints of future plans to integrate bitcoin: eBay CEO John Donahoe has once again strongly indicated that he sees bitcoin integration as a possibility for his companies eBay and Paypal. In addition to last month's statement when he said Paypal was "actively considering" bitcoin integration, he appeared on CNBC and said, "[...] at PayPal, we're going to have to integrate digital currencies into our wallet."
2014 bitcoin VC investments surpass 2013 total: Bitcoin VC investments this year are already 30% higher than 2013's total investment. So far this year, bitcoin startups have raised $113.2m, which is $27m more than last year.
Rapper 50 Cent accepting bitcoin for new album: Hip-hop artist 50 Cent is the latest musician to embrace bitcoin. The rapper is accepting the digital currency as a payment for his latest album 'Animal Ambition' this week, after the artist's Shopify store teamed up with BitPay to accept the currency.
Thanks to 50 Cent, I have got my tunes sorted. Hope you all have a wonderful weekend ahead!
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Zedd, 3LAU and Big Sean: Tickets On Sale for First Blockchain Music Festival
Tickets for the first music festival set to be powered by blockchain technology are now on sale.
Scheduled for this fall, the Our Music Festival is launching its own virtual currency — the OMF toke
How Crypto Reacted to This Week's SEC Bitcoin ETF Delay
It was an expected result at an unexpected time.
The news broke on August 7 that the U.S. Securities and Exchange Commission (SEC) is kicking the can on its decision to approve or disapprove a prop
Microsoft Looks to Trusted Computing for Blockchain Security Boost
Two newly published patent applications from Microsoft suggest that the software giant is looking at the use of trusted execution environments, or TEEs, within its blockchain offerings.
Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam
A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand – one that drew public attention due to the involvement of a local actor.
China's Communist Party Publishes Blockchain Tech 101
China's Communist Party is moving to make blockchain literacy the norm across public offices with the publication of an explainer for officials and members.
Released by the publishing house of the
Blockchain Social Network Minds Is Migrating to Ethereum for Launch
Blockchain-based social network Minds is migrating its platform to the ethereum network, the startup announced Monday.
After roughly four-and-a-half months on its Rinkeby test network, the startup
Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs
A governmental committee comprised of Saudi Arabian regulators has issued a statement clarifying that cryptocurrency trading is illegal in the kingdom.
According to a statement issued Sunday, the s
Former S&P President Leads Seed Round for ICO Compliance Startup
Regtech and compliance startup iComply has just completed a seed funding round led by former Standard and Poor's president Deven Sharma.
The firm – which seeks to develop standard compliance tools