‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales
While the commission is standard for Apple, some have expressed their displeasure at the company’s “grotesquely overpriced” cut of sales. Go to Source Powered by WPeMatico
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Apple Shielded From Crypto Wallet App Lawsuit, Judge Rules
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 … Read more
Crypto Exchange Gemini Axes 7% of Its Staff in Second Wave of Layoffs
Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-cutting policies. This is the second wave of layoffs at Gemini, after the company laid off 10% of its staff less than two months … Read more
Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1
China’s advanced CBDC strategy sees digital yuan airdropped to thousands of people. Meanwhile, Binance Labs raised $500 million for a new Web3 fund. Go to Source Powered by WPeMatico
Apple’s upcoming developer conference sparks rumors of NFT trading cards
The Worldwide Developer Conference 2022, hosted by Apple, will be held online between June 6-10, and feature some of the leading experts and advocates within the tech field. Go to Source Powered by WPeMatico
Fresh Gains Push Bitcoin Back Into the World’s Top 10 Most Valuable Assets
While bitcoin has lost more than 16% in value against the U.S. dollar during the past 30 days, the cryptocurrency’s market capitalization is still the tenth-largest asset by market valuation. With $603 billion in market value, bitcoin is above Meta’s (formally Facebook) capitalization and just below Berkshire Hathaway’s overall valuation. Despite Losing Over 16% in … Read more
Coinbase CEO Says Apple’s Crypto Policy Raises ‘Potential Antitrust Issues’
The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, says Apple has not played nice with crypto, noting that the tech giant has banned a bunch of crypto features in its App Store. Apple’s anti-crypto policy raises “potential antitrust issues,” said the Coinbase executive. Potential Antitrust Issues Coinbase CEO Brian Armstrong talked about Apple’s … Read more
CEEK VR gains 100%+ as push toward virtual reality and Metaverse development intensifies
CEEK VR caught investors’ attention after hosting a booth at the Grammy’s, seeing its token listed on major exchanges, and launching new developments in the nascent Metaverse. Go to Source Powered by WPeMatico
13 apps removed after researchers uncover Trojan crypto wallet scheme
The scheme, which has been in operation since May 2021, targeted Chinese users through social media groups and fake websites. Go to Source Powered by WPeMatico
Apple Co-Founder Steve Wozniak on Crypto: Bitcoin Is ‘Pure-Gold Mathematics’
Apple co-founder Steve Wozniak says Bitcoin is “the only one that’s pure-gold mathematics.” He is skeptical of most other cryptocurrencies. In addition, Wozniak is a fan of the metaverse but is less enthusiastic about non-fungible tokens (NFTs). Apple’s Steve Wozniak Praises Bitcoin Apple co-founder Steve Wozniak talked about cryptocurrency in an interview with the Insider, … Read more
