eBay UK to Allow Sale of Virtual Currency from 10th February

eBay is launching a dedicated Virtual Currency category on eBay Classifieds in the UK on 10th February. The Classified Ads category wil... thumbnail 1 summary
bitcoin on ebay
eBay is launching a dedicated Virtual Currency category on eBay Classifieds in the UK on 10th February.

The Classified Ads category will Allow for the sale of all types of digital currency, Bitcoin and litecoin Pendahuluan, eBay Representatives have Confirmed.

eBay Classifieds, Which races, the site posts lists, serves as the site's answer to Craigslist. eBay ORARI the free platform for local buyers and sellers to connect, but does not participate in the Transactions.

Ryan Moore, Manager of Business Communications at eBay, said:

"To promote a Trustworthy marketplace and tanah compliance with applicable regulations, eBay is currently updating its Currency Policy. The updated policy will Clarify that's listings for Bitcoin and other similar virtual currencies must be listed in the Virtual Currency Category in the Classified Ad format.
The Virtual Currency category is expected to be available on the UK site on February 10th. "

A Reddit post spark Earlier today Rumours of the change in policy. The post included an email from eBay stating that's the company does not currently permit listings of digital currencies, that's but this will soon change.

The email reads :

" Please know that our recent per policy update , Virtual Currency (ie Bitcoin and Litecoin ) , whether Digitally or physically delivered , can not be listed in the auction -style or Buy -It- Now listing formats . eBay is opening a Virtual Currency category to Allow the sale of virtual currency in the Classified Ads format on February 10 , 2014.
We request that's you do not list these items until that's date. Please be informed that's repeated breach of the policy may further jeopardize the status of your account . To avoid any inconvenience in future , we'd appreciated it if you go through our help pages or contact us BEFORE listing any items Standard and Poor . "

At press time , the policy change only applies to eBay 's UK site . An eBay customer service representative said : "Our policies are Different sites for different country , so to know more about Other countries , you need to contact the respective eBay sites . "

In December, an eBay user found a that's loopholes enabled him to sell digital currency via the site . He Confirmed Employees from customer service via eBay that's virtual currencies could be SOLD on the platform , provided They are housed in physical items ( like USB sticks or hard drives ) .


Both eBay president John Donahoe and David Marcus, president of eBay-owned PayPal, have shared Their positive views on Bitcoin in recent months, with Donahoe stating he believes that's digital currency is going to be a "very powerful thing" in the future.

Marcus has been much more vocal in his support of Bitcoin, a digital currency labeling "Truly Fascinating" in one interview and even going as far as to call it the future of money in another.

This week, Marcus pledged his support to Bitcoin on Twitter, stating that's Those at PayPal are "Believers in BTC".

Source:  Coindesk

BitCoin Scammer - Beware of Fraudsters

When BitCoin more and more discussed by the world community , when BitCoin attracted the attention of experts in finance world - BitCoin ... thumbnail 1 summary
bitcoin scamer
When BitCoin more and more discussed by the world community , when BitCoin attracted the attention of experts in finance world - BitCoin selling price then becomes volatile - up and down ! So there is a ' gap ' for BitCoin owner to buy at a low price and then sell them at high prices .

The gap ' profit ' is then also draw the attention of the SCAMMER - the people who want to take advantage of this momentum , to profit as much in the ' world BitCoin ' from the ignorance of others.

No wonder , then many programs that claim appears to provide benefits in the form of BitCoin to potential victims who are not vigilant .

Recognizing SCAMMER :

BitCoin the promise of providing an enticing amount in an easy way and a small investment - scammers like this are usually moving with the model Ponzi SCHEME . Be careful when offering a wide range of investments to lure lure BitCoin ROI or Return on Investment is very large .

SCAMMER that aims to steal access BitCoin wallet - usually they ask potential victims to enter the email address used when signing up for an online service provider like BitCoin Wallet CoinBase or BlockChain . DO NOT ever give your email address or other important details that you used when registering in BitCoin Wallet Online services .


Make the process of investigation and learning yourself before you are tempted by the advertising hyperbole offered SCAMMER .

Visit BitCoinTalk.ORG - the largest BitCoin user forum web site that is always bustling with issues of about BitCoin . Typically the users of the forum will always review each program producing program BitCoin surfacing . Scammer will be easily recognized and directly addressed in this forum .

Visit BitCoinScammers.Com - those who have been the victims will always share information here . You can learn from their experiences so as not to fall into the same hole .

SMART ... Appreciate your intellectual level with no raw raw swallow every offer that comes to you . Save yourself and others by the way was not going to be the marketing power of the scammer .

Bitcoin Tops $1,000 Again as Zynga Accepts Virtual Money

The price of Bitcoin surpassed $1,000 again after Zynga Inc. (ZNGA:US) said it would start accepting the virtual currency for some of it... thumbnail 1 summary

The price of Bitcoin surpassed $1,000 again after Zynga Inc. (ZNGA:US) said it would start accepting the virtual currency for some of its online social games, citing wider use of the digital money.

Bitcoins, which exist as software and aren’t controlled by any country or banking authority, surged to about $1,045 on the Mt.Gox online exchange, one of several markets where they are traded for dollars, euros and other currencies.

Bitcoins first crossed the $1,000 threshold in late November and reached a record at $1,238 on Mt.Gox on Dec. 4, then plummeted to as low as $640 after China’s largest online market for the virtual currency stopped accepting deposits. The digital currency has rebounded as more merchants accept Bitcoins for everything from Gummi bears to smartphones on the Internet. Zynga is the latest merchant to accept Bitcoins, which can be used to buy virtual items in games.

VIDEO: Bitcoin Tops $1,000 Again After Use on Zynga
“Bitcoin has been remarkably resilient in the face of all the bad news out of China,” Nicholas Colas, chief market strategist at ConvergEx Group, wrote in an e-mail. “The strength shows a continued interest, which is a very positive sign.”

Bitcoin was trading for about $13 a year ago, before wider acceptance and speculators drove prices higher. The rally gained steam in October, after regulators shut down the Silk Road Hidden Website, where people could obtain guns, drugs and other illicit goods using Bitcoins. That generated optimism the digital money would become more widely used. In November, law enforcement and securities agencies said in U.S. Senate hearings that Bitcoin could be a legitimate means of exchange.

VIDEO: Bitcoin Digital Wallet Blockchain Hits 1M Users
Bitcoin Shopping
Dani Dudeck, a spokeswoman for San Francisco-based Zynga, confirmed a reddit.com community website post by the company introducing a plan to test Bitcoin payments. Players will be able to pay via the BitPay payments service for players of “FarmVille 2”, “CastleVille” and other games, Zynga said.

“We look forward to hearing from our players about the Bitcoin test so we can continue in our efforts to provide the best possible gaming experience,” Zynga said.

Victoria’s Secret Stores LLC has signed up with Gyft, an app that lets users buy gift cards with Bitcoins. Overstock.com Inc. plans to start accepting Bitcoins next summer, Chief Executive Officer Patrick Byrne said in an interview last month.

“We think there’s an underserved part of the market that wants to use Bitcoins and can’t,” Byrne said. The company needs time before it starts accepting Bitcoins in order to figure out how to process Bitcoin transactions and to hedge Bitcoin sales (the currency is highly volatile), he said.

Digital Money
Introduced in 2008 by a programmer or group of programmers going under the name of Satoshi Nakamoto, Bitcoins exist as software, which contain the rules governing their supply. New Bitcoins can only be created by solving complex problems embedded in the currency, keeping total growth limited. There are more than 12 million Bitcoins in circulation, according to Bitcoincharts, a website that tracks activity across various exchanges.

The virtual currency can also be traded without being tracked, potentially reducing banking-transaction fees and making it an attractive tender for those seeking to buy and sell via the Web or in stores.

“I think that as demand for investing in Bitcoin rises and friction in its markets is removed the price will continue to go up,” Gil Luria, an analyst at Wedbush Securities Inc., said in an e-mail. “The $1,000 mark does seem to be important level because it may dissuade the skeptics that emerged when Bitcoin prices took a big step down.”

Source: BusinessWeek