All Bitcoin News in 5 Minutes

Published: Dec. 10, 2013, 9:01 p.m.

SUBSCRIBE TO PNN http://youtube.com/PeaceNewsNow
PNN #272 http://WeUseCoins.com http://SunsOfLibertyMint.com

Ebay Allows Bitcoin Sales
http://www.coindesk.com/ebay-loophole-virtual-currency-transactions/
PayPal President Praises Bitcoin
http://www.coindesk.com/bitcoin-future-paypal-president-david-marcus/
Apple Removes Bitcoin from Gliph
http://www.coindesk.com/apple-gliph-remove-app-bitcoin-transfer/
Apple Introduces iBeacon
http://www.coindesk.com/apple-ibeacon-mobile-payments/
China Releases Regulatory Report on Bitcoin Businesses
http://bitcoinmagazine.com/8744/china-releases-first-regulatory-report-on-bitcoin-businesses/


It’s an all-bitcoin episode! Hey everybody, Welcome to Peace News Now, your daily journal of peaceful resistance! I’m DerrickJ. Today’s Tuesday, December 10th 2013. 1 ounce of silver is 20 dollars. 1 Bitcoin is 935 dollars. This episode is brought to you by friends of http://WeUseCoins.com . You’ve probably been hearing a lot about bitcoin in the news. If you’d like to learn more about how you can use this new currency, I recommend you visit http://WeUseCoins.com . It’s the perfect launching pad to get started. That’s http://WeUseCoins.com

Pete Rizzo at CoinDesk.com writes that:
Customer service employees from California-based online marketplace eBay have confirmed that virtual currencies like bitcoin and litecoin can be sold on the platform, provided they are housed in physical items (like USB sticks or hard drives).
eBay owns PayPal, the online payment company. How long will they allow their 124 million users the freedom to buy and sell virtual currencies that may compete with their own platform?

Emily Spaven writes at CoinDesk.com that
PayPal president David Marcus said he is a big fan of bitcoin and has a personal stash of the digital currency, but said the majority of people don’t currently understand what bitcoins actually are.
Bearing all of this in mind, Marcus said he’s not yet ready to let people link their bitcoin wallets with their PayPal accounts. He said, quote:
“Whenever the regulatory framework is clearer, and the volatility comes down, then we’ll consider it.”
Marcus wants payments to become more seamless. He sees a future where consumers won’t have to visit a checkout to pay for their goods, they will use wireless technology to pay from wherever they are in a store.

Daniel Cawrey writes at CoinDesk.com that:
Gliph, a mobile messaging app for iOS, has been asked by Apple to remove its key bitcoin-related feature.
The issue at hand is the app’s ability to attach bitcoin amounts to messages.
“We’re releasing an updated version of Gliph for iOS that removes the ability to send bitcoin from within the app,” says Rob Banagale, CEO of Gliph. He noted that Gliph’s iOS users can still perform this action via the mobile Safari browser.
In a blog post announcing Gliph’s newest update for iOS 7, it outlines the impact of Apple’s decision.
“You can still create wallets, view balances and receive bitcoin in the Gliph app for iOS [and] send bitcoin using Gliph on iPhone, using the same interface as before. Just visit https://gli.ph/m’s mobile site when you need to send bitcoin, and continue using the app for normal push notifications and messaging,” according to the post announcing the app’s latest update.
The language of the post exudes a high degree of optimism about bitcoin and its potential on mobile platforms. It states, quote,
“Hang with us, we are in it to win it with bitcoin. This is just the pre-season. Gliph’s implementation of bitcoin will come back harder, faster and stronger no matter the platform.”
“It stands to reason that if either Apple or Google block useful bitcoin apps from their app marketplaces, they hinder the practical use of the currency and thus indirectly reduce the value of bitcoin.”
Gliph’s application has been deemed a ‘no wallet app’ because it utilizes the services of other bitcoin wallet providers instead of building one of its own. It recently removed the wallet app BIPS, however, following a security breach suffered by that company.

Vitalik Buterin wrote an excellent article at BitcoinMagazine.com about how
After months of regulatory uncertainty in the Chinese Bitcoin community, the People’s Bank of China has announced their first major report regarding the legal and regulatory status of Bitcoin.

The document, translated into English on Reddit, has five sections, of which the first two are most interesting:
Correct understanding of the properties of Bitcoin. (which outlines the basics) and
Financial institutions and payment institutions cannot develop Bitcoin-related services. (which is pretty much what it sounds like)
What does it mean? Time will tell. In the meantime,

Stay tuned to http://PeaceNewsNow.com for all the latest updates on the ongoing peaceful evolution! If you enjoyed the show, send us some bitcoin at http://Donate.PeaceNewsNow.com/. This episode was made possible by S-U-N-S http://SunsOfLibertyMint.com . Trade in your pesky Federal Reserve Notes for their Fine Silver Quarters. They look great, and unlike dollars, they’re actually made of something valuable! If you want truly tradable silver, look no further than S-U-N-S http://SunsOfLibertyMint.com