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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Global AML Watchdog to Release Crypto Regulations By Next June
A global money-laundering watchdog has said it will begin publishing rules for international cryptocurrency regulation by next summer.
According to a Reuters report Friday, the Financial Action Tas
Sia Network Releases Hard Fork Code to Block Crypto Mining Giants
The sia blockchain network has released the formal code for an imminent hard fork that will block miners using hardware produced by Bitmain and other major manufacturers.
David Vorick, founder and
North Korean Hacking Group Lazerus Stole $571 Million in Cryptos: Report
North Korea's infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates.
According to an article published Friday by The Next
Bitcoin's Price Breaks Through Key Support As Stocks Go South
Bitcoin (BTC) has dropped out of the tight trading range seen recently, paralleling losses in the U.S. stock markets.
The leading cryptocurrency, which was trapped in a triangle pattern (narrowing
Chip Maker TSMC Forecasts Weaker Crypto Mining Demand in Q4
Chip-making giant Taiwan Semiconductor Manufacturing Company (TSMC) has predicted weak demand for processors from cryptocurrency miners for the fourth quarter.
TSMC, the primary supplier for crypto
Crypto Exchange Huobi Now Lets Users Swap Between 4 Different Stablecoins
Huobi, the Singapore-based cryptocurrency exchange, has just launched a new solution that enables users to switch between different types of fiat currency-pegged cryptocurrencies, or stablecoins, in e
Bitcoin Price Eyes Triangle Breakout Above $6.4K
Bitcoin (BTC) is again trading in a narrowing price range above $6,400, but the lateral trading may soon give way to a rally, according to technical studies.
The price consolidation comes after Mon
Security firm G4S Has Launched a Crypto Custody Service
U.K.-based security services company G4S now offers a crypto custody service aimed to protect investors' holdings of digital assets.
Announcing the move in a press release on Oct. 16, the firm said