Video: Roundup of This Week’s Bitcoin News 6th June 2014

Roop Gill
Jun 6, 2014 at 17:47 UTC
Updated Aug 20, 2014 at 17:25 UTC

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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!