Fake Bitcoin Apps Emerge in Apple iTunes App Store
Fake bitcoin wallet apps have emerged in the Apple iTunes App Store, potentially putting bitcoin accounts at risk and reinforcing the need for people to make sure they are downloading apps from official wallet websites, according to Kyt Dotson, a senior editor at Silicon Angle. A representative of Breadwallet, a bitcoin app available in App Store and Google Play, has posted a notice on Reddit listing a number of fake bitcoin wallet apps in the iTunes App store, calling into question Apple’s vetting process. The fake apps have names similar to the official mobile wallet apps, but they can....
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A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai about their measures against fake cryptocurrency apps appearing in the Apple App Store and the Google Play store. “Millions of Americans use mobile apps to invest in unregulated digital assets,” said Senator Sherrod Brown. “Reports have emerged of fake crypto apps that have scammed hundreds of investors.”
U.S. Senator Questions Chief Executives of Apple and Google on Fake Crypto Apps
Senator Sherrod Brown (D-OH), chairman of the Senate Committee on Banking,....
Remember how Apple pulled all the cryptocurrency apps back in January? With the news that Apple would once again be allowing digital currency wallets, Blockchain has been working on re-releasing their wallet app, and it's finally here. Those with jailbroken Iphones were able to bypass Apple's restrictive App Store and download the Blockchain app through Cydia, the App Store-equivalent for jailbroken phones. Those without jailbroken phones were left with a choice to either be left without any bitcoin wallet or jailbreak their phone. However jailbreaking your phone comes with the risk of....
For the time being, Bitcoin and other cryptocurrencies remain a high-value target for criminals. Fake Bitcoin wallets are a real threat to the cryptocurrency ecosystem. Mainly the Apple App Store seems to allow illegitimate wallets more often than not. A total of six new false wallets has been added to the Apple App Store over the past few days. Bitcoin users need to be aware of these issues and make sure they only install legitimate offerings. Six new malicious wallets on the Apple App Store is quite a significant development. Not in a positive manner by any means, though, as the....
Apple is adding standardizing acceptance of NFT-based apps to be available on the Apple App Store. However, the company is including their standard 30% transaction fees for all transactions, a mechanism that many NFT firms argue is unreasonable and simply not feasible for their existence in the store. Let’s take a look at why this […]
Bitple's Interface. Apple has recently approved Bitple for the App Store. Bitple is a virtual Bitcoin trading simulator that allows users to experience trading Bitcoin with fake money. The user is given $10,000 of play money and is then left on their own to create buy and sell orders and to try to generate a profit from trading Bitcoin. Apple has had a very strictAnti-Bitcoin policy since late 2013. There have not been a Bitcoin wallet available since February 6th when the last remaining wallet called Blockchain was removed from the store. The terms and conditions of the App Store state:....