Cryptocurrency App Rules updated by Apple’s App Store

Apple has reviewed its App Store policies relatively to crypto applications making rules a bit stricter, applying them to wallets, exchanges, and ICO platforms
09 June 2018   1116

The Apple App Store is a sought-after application marketplace which offers over 783,000 gaming apps, and 2.3 million non-gaming apps. Recently the App Store changed its guidelines towards cryptocurrency applications that can be downloaded through the marketplace.

According to the new rules, cryptocurrency applications must stick to the following description criteria that include wallets, ICOs,  cloud mining platforms and exchanges.  Mining apps using an iPhone’s chipset to mine digital currencies are strictly forbidden and are only let if the software is processing the mining off the device (for example,  cloud-based mining).

Apple’s revised rules claimed that Wallet Apps can be used as virtual currency storage, provided they are suggested by developers registered as an organization. Exchange Apps might support cryptocurrency transactions or transmissions of an approved exchange, provided they are proposed by the exchange itself.

Initial Coin Offering Apps facilitating Initial Coin Offerings (“ICOs”), cryptocurrency futures trading, and other crypto-securities or quasi-securities trading must come from established banks, securities firms, futures commission merchants (“FCM”), or other approved financial institutions and must comply with all applicable law.
Apple App Store
Revised Cryptocurrency Rules

The company removed all Bitcoin-related applications 4 years ago, and 2 years ago it was quite steady relatively to altcoins when it asked firms to remove digital assets like dash off their apps. Presently there are a lot of cryptocurrency applications and more added every day, but the freshly rules may exert a few apps already featured on Apple’s App Store, and cryptocurrency applications looking to be issued in the future.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.