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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$10K Test? Bitcoin Price Hits 4-Week High As Altcoins Shine
Bitcoin hit four-week highs in Asian hours but continues to underperform when compared to alternative cryptocurrencies (altcoins).
Having scaled a long-term bearish trendline, the world's largest c
DOJ Charges ICO Co-Founder With Securities Fraud
The Department of Justice has unveiled fraud charges against another co-founder of cryptocurrency startup Centra, a move that comes weeks after two other founders were arrested and charged.
Russia's Supreme Court Orders Review of Crypto Website Ban
The Supreme Court of Russia has directed a court in the city of St. Petersburg to consider an appeal against a blocked cryptocurrency information website.
According to Russian legal information sit
Quebec's Chief Scientist Denies Dismissing Crypto Concerns
Contrary to recent media reports, the Chief Scientist of Quebec has not downplayed concerns about the illicit use of cryptocurrencies, his office said.
On Thursday, several media organizations publ
Amazon Web Services launches 'blockchain templates'
Amazon.com wants to make it easier for developers to create projects based on the blockchain technology underlying bitcoin and other cryptocurrencies. The company's cloud computing division
Cloud Giant Xunlei Claims Blockchain Advance With 'ThunderChain'
Xunlei, the NASDAQ-listed cloud network provider, has launched its proprietary blockchain platform, despite ongoing class actions over an alleged initial coin offering (ICO).
At a press event in Be
Taiwan Eyes November Deadline for Bitcoin AML Regulation
Taiwan aims to formally regulate bitcoin under anti-money laundering (AML) rules before the end of the year.
According to the Taiwan Central News Agency, Chiu Tai-san, the country's minister of jus
Bitcoin Bull Trap? Not So, Says Lesser-Known Price Indicator
Is the reversal of a lesser-known bitcoin price indicator signaling a bull trap?
That's the question being asked by Twitter's more expert crypto analysts after bitcoin's rise to $8,500 this week, a