Apple Takes Flak For Restrictive New NFT Rules
Apple is known to take advantage of it’s power positioning in the mobile software world. However, Apple has been quietly restrictive with limited public-facing perspective around blockchain-related technology including crypto and NFTs. The NFT momentum has changed that in recent months, despite a broad crypto bear market, and has led Apple to include policy changes […]
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Love Will Inc., the creators of the Pheeva Wallet, have launched an exciting new feature aimed at simplifying the user experience and boosting Bitcoin adoption. Last week, the company unveiled Pheeva Plus throughout their existing iPhone and Android bitcoin wallet applications. More than a month ago Pheeva made its debut as the only bitcoin wallet that followed Apple's restrictive rules. The company took an uncommon route to be able to provide iOS compatibility, which consisted of long conversations with Apple and setting up the COG Cooperative (Cycle of Goodness) to be sure the....
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....
A federal judge in California has ruled that Apple Inc. is shielded from the “Toast Plus” class action lawsuit where a fake crypto wallet app was available in the Apple App Store. A customer sued the tech giant after downloading the fraudulent app and lost some crypto.
Apple Not Liable for Loss After Customer Downloaded Fake Crypto App
Judge Phyllis J. Hamilton of the U.S. District Court for the Northern District of California has ruled that Apple Inc. is not liable in a class action lawsuit where a fraudulent cryptocurrency wallet app was available for download on....
Apple has published rules for NFTs for the first time while clarifying rules around cryptocurrency payments and crypto exchanges. Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges marking the first time its codified specific rules for NFTs.The new rules confirm how NFT purchases will be taxed and what they can and can't be used for, while also clarifying rules around when a crypto exchange app can be listed. The Oct. 24 update to its App Store guidelines saw language added that allows fo in-app purchases of NFTs,....
Apple published rules for NFT for the first time which included a 30% NFT “tax” and geo-limit exchanges. In this week’s newsletter, read about how Apple released its first-ever set of rules for nonfungible tokens (NFTs), including a 30% “tax” and limits on how NFTs can be bought and exchanged. Check out how NFTs have the potential to change museum experiences in the future and how OpenSea revised its NFT rarity ranking protocol after feedback from the community. In other news, find out how NFTs are used to democratize scheduled TV programming in the era of Web3. Last but not least, NFT....