I was recently looking into the Minecraft EULA situation and relised that Noobstown is not following the rules. Now someone please tell me I'm wrong, but looking at one of the blog posts on the Mojang website (https://mojang.com/2014/06/lets-talk-server-monetisation/) it says that real life money shouldn't be exchanged for ingame money and that it shouldn't affect gameplay.

This is where Noobstown comes in. The donation store (http://external.noobscraft.com/donate/) is currently offering money for real life cash AND this affects the gameplay. So does this mean Noobstown is going against the EULA? If so I hope somethings can be ammended.
I hope I have made a mistake and this gets corrected Thoughts?

As explained here: https://www.noobscraft.com/server/cloudsquid-eula-information/ We have no plans to change the way we deal with donations. We are only able to survive due to the donations players give us, unlike many servers we don't personally take any money made from these; all money is fed back into running the games we provide.

Mojang themselves haven't updated the user agreement as they claimed they would and as a result the current situation is a legal minefield, we currently have no plans to change anything until we're directly asked to.

You don't need to worry about these things though, we will keep you informed if we have any plans to change anything, and even then no previous donations will be reverted. Your best bet currently is to read the post I linked to above.