Industry Report: Apple’s Got a New Grudge Against Crypto
Seagate plays surrogate host to cryptocurrency malware, Europol cracks down on digital currency launderers, and Apple doesn’t like ShapeShift. Want to catch up on your latest tech and virtual currency news? Take a look at the stories below. SEAGATE. Many of Seagate’s FTP servers have inadvertently played host to criminals who use the devices to spread cryptocurrency malware. Researchers at Sophos discovered this problem, finding that the “Mal/Miner-C” program hijacks processing power from computers, using it to mine Monero. As with similar programs, the software does not act on its own....
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Several South Korean fintech companies plan to petition the Korean Fair Trade Commission (KFTC) to object to Apple’s policy of not opening its near field communication (NFC) to outside app developers, according to Pulse, an English-language news site of Maeil Business Newspaper in South Korea. The Korean firms claim Apple’s policy prevents them from offering certain fintech services to customers. Interpay Co., eB Card Co., Hankook NFC Co., Kona I Co. and KTB Solution plan to file the petition as early as this month. The Korea Fintech Industry Association (KORFIN) is leading the effort,....
For the first time ever, Apple’s approved blockchains and cryptocurrencies have been revealed. The biggest technology firm in the world did this after reaching out to Anthony Di Iorio, founder of Jaxx, a crypto-currency wallet, to tell him they could no longer feature a version of Jaxx wallet in their store that features Dash functionality. Jaxx is not the first Bitcoin application shunned from the iOS store, as others including blockchain.info have been removed in the past. Apple’s stance on crypto-currency has seemingly evolved, as revealed in a discussion Apple had with longtime....
According to a new report from market research firm Counterpoint Research, Apple has dropped into fifth place in China’s smartphone market. Is the iPhone Trailing Behind its Competitors Because of Bitcoin? This news is a huge blow to the tech giant, as China represents Apple’s biggest customer base outside of the United States. Additionally, this news follows an earlier market report from the second quarter of 2016 that showed an overall decline in iPhone sales from 2015. IPhones made up 10.8 percent of devices sold in China for the month May, down from 12 percent a year earlier, according....
South Korea’s leading Fintech startups are set to file a petition with the Korean Fair Trade Commission (KFTC) against Apple for their violation of local laws on consumer protection. The group of companies includes award-winning NFC service provider Hankook NFC Co., KTB Solution and Interpay Co. Various Fintech organizations like Korean Finance Association (KORFIN) believe that Apple’s NFC function limitation restricts external app developer’s access to its near field communication, which ultimately disallows Fintech start-ups and service providers in South Korea from providing NFC....
Nxt is a second generation digital currency or “crypto 2.0” that has already faced a major jump in market cap after launch of its asset exchange on May 29. Nxt Mania Games creates games similar to Tetris or Nxtrix, to be precise, which are available for iPhone and iPad. “If you bet 50 NXT, and another player joins the room and accepts, you will play against him. The winner of the game gets 98% of the betted amount, which means in this case he will get 98 NXT, as 2% are split between the investors in Nxt Mania Games,” reads the announcement on NXTer.org Even though Apple’s recent guidelines....