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Coinbase CEO Says Apple’s Crypto Policy Raises ‘Potential Antitrust Issues’

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 […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

AMC Theatres mobile app accepts Dogecoin, Shiba Inu and more

AMC Theatre CEO Adam Aron disclosed that the iOS and Android mobile apps accept crypto payments via integration with BitPay, a bitcoin payment service provider.

AMC Theatres, an American pro-crypto movie theater chain, updated its mobile app services to accept Dogecoin (DOGE), Shibu Inu (SHIB) and other cryptocurrencies as payment across the United States. 

AMC Theatres first started accepting crypto payments back on Nov. 12, 2022, which allowed customers to purchase movie tickets online using Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

On Jan. 6, 2022, Adam Aron, the CEO of AMC Theatres, promised users via a tweet to include meme tokens DOGE and SHIB by March. While slightly delayed, Aron’s team delivered.

In the announcement, Aron disclosed that the AMC Theatres iOS and Android mobile apps could accept crypto payments via integration with BitPay, a bitcoin payment service provider. 

However, the names of the other newly supported cryptocurrencies are yet to be revealed. To use the feature, users in the U.S. are advised to download the latest version of the mobile app.

Related: Singaporean fintech adds Bitcoin payments for merchants with BitPay partnership

Nium, a Singapore-based cross-border payments firm, released an API-based solution in partnership with BitPay, which allow businesses to start accepting payments in crypto — starting with BTC and ETH.

As Cointelegraph previously reported, crypto payments via BitPay are converted and sent to merchants' accounts in U.S. dollars or other fiat currencies the next business day.

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Coinbase regains #1 position on Apple App Store as Crypto​.com jumps to third

Crypto​.com's jump to third could be the result of Matt Damon's recent TV spot promoting the exchange.

Cryptocurrency exchanges Coinbase and Crypto.com are now two of the most downloaded apps for the U.S. Apple App Store, topping the charts at first and third place, respectively.

According to the Top Charts list on the Apple App Store, Coinbase has regained its position as the most popular app in the United States ahead of TikTok. However, Crypto.com’s app has surged in number of downloads today to jump ahead of both YouTube and Instagram, moving from 5th to 3rd position in a matter of hours. Robinhood’s app, which has previously held positions in the top ten, sits at #48 under Walmart.

First listed on the app store in 2014, Coinbase has previously been the most popular download in the U.S. in both 2017 and in May 2021. Notably, the description of the trading app now lists Shiba Inu (SHIB) following Bitcoin (BTC) and Ether (ETH) — the price of the dog-themed token has surged significantly in the last year, creating new crypto billionaires.

Crypto.com’s rising popularity could be the result of the exchange releasing an ad campaign featuring actor Matt Damon. The “fortune favors the brave” ad, which went live earlier today, is aimed at reaching a global audience of potential crypto users and investors. According to data from analytics site SensorTower, the exchange’s app had roughly 600,000 downloads in September.

Related: Injecting Apple-like ‘quality-control’ into DeFi is what we need

The number of downloads for a company’s app can be an indicator of market interest. Facebook, currently under scrutiny following the release of documents showing that the company was not doing what it claimed in regard to removing hate speech and posts encouraging violence, now sits as the 8th most popular iOS app in the U.S. under Snapchat.

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Apple app store reportedly blocks Gnosis Safe wallet update for hosting NFTs

Apple has barred Gnosis Safe from applying an app update unless the firm provides access to NFTs as an in-app purchase.

The Apple App Store reportedly blocked a Gnosis Safe crypto wallet app update due to it hosting NFTs that weren’t purchased inside the app.

Lukas Schor —a product developer at Ethereum-based crypto wallet provider Gnosis Safe — revealed the firm ran into trouble when it submitted an updated version of its app to the IOS app store earlier this month.

Schor noted on Sept. 14 that despite the update having nothing to do with non-fungibles, the App Store flagged a sample image that displayed an NFT in the app’s description section, even though it had been up for “many months.”

While the app is still listed in the store along with the image displaying the NFT, it appears that Apple is blocking the update due to its guidelines around digital content.

According to screenshots he shared of Gnosis’ correspondence with Apple support over email, the tech giant stated that while “NFTs are not mentioned specifically” in its guidelines, apps are not allowed to provide access to “previously purchased digital content” bought outside of the app store.

This essentially means that apps cannot provide any NFT-related services unless they are integrated with Apple payment methods.

“If you choose not to implement in-app purchase, it would be appropriate to revise your app so that does not access previously purchased digital content,” the email concluded.

Schor stated that Gnosis will submit an appeal over the decision as he called on Apple to clarify its guidelines around NFTs. He also suggested that the firm has no plans to walk back its NFT support in its app:

“Permissionless access to Web3 is core to our values, so we are willing to go the extra mile to clear this up. Simply removing NFTs from our app is definitely not an option for us.”

Apple currently prohibits the inclusion of payment rails beyond those offered by the firm in apps listed in its store. While Gnosis doesn’t sell NFTs in its app, Apple charges a flat 30% commission of in-app purchases of digital goods and services.

This policy may not last for much longer however, as Judge Yvonne Gonzalez Rogers issued a permanent injunction in the Epic Games vs Apple case on Sept.10 that will potentially see a major change to the app store.

Epic Games, the creators of widely popular online game Fortnite built its own in-game payment system last year to circumvent Apple’s in-app payment system, which resulted in the game being delisted from the App-store.

In August 2020, Epic took legal action against Apple and specifically took aim against the firm’s in-app payments policies.

In Judge Rogers’ first ruling on the case on Friday, she issued an order for Apple to allow alternate payment options in apps listed on its store, with the injunction set to go into effect on Dec. 9, 2021 — unless it is enjoined by a higher court.

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Coinbase overtakes TikTok for #1 position on Apple app store

The trading app first became available on the Apple App Store in 2014.

Major cryptocurrency exchange Coinbase’s mobile app now tops the charts for the U.S. Apple App Store.

According to the Top Charts list on the Apple App Store, Coinbase is currently the most popular app in the United States, ahead of TikTok, YouTube, Facebook, Instagram, and trading app Robinhood. Cash App, which allows users to send money and buy Bitcoin (BTC), sits in the #12 position at the time of publication, while Binance’s and Trust’s apps are at #16 and #17, respectively. 

Coinbase’s app had been near the top of Apple’s App Store last month, often behind Robinhood in the number one position. However, since the company began trading its stock on the Nasdaq in April, attention from the public seems to have risen, potentially leading to an increase in the number of desktop and mobile users. The crypto exchange has also since partnered with auction giant Sotheby’s to facilitate crypto payments.

In contrast, U.S. lawmakers may still have their eyes on Robinhood following allegations of market manipulation from the trading app as well as from major hedge funds in response to Redditors’ short squeeze of GameStop stock and others earlier this year. Last week the House Financial Services Committee held its third and reportedly final hearing regarding the controversy over GameStop stock shorts, but Robinhood CEO Vlad Tenev spoke at the first hearing in February.

First available on the Apple App Store in 2014, Coinbase's trading app had approximately 2 million downloads in April according to data from analytics site SensorTower.

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse

Man Loses Life Savings to Phony Bitcoin iOS App- Over a Million Dollars in BTC Drained

Man Loses Life Savings to Phony Bitcoin iOS App- Over a Million Dollars in BTC DrainedJust recently, an individual lost all of his life savings in a matter of no time after he downloaded a malicious and phony Trezor application onto his iOS smartphone from Apple’s App Store. Phillipe Christodoulou lost 17.1 bitcoin or over a million dollars worth of the cryptocurrency using today’s exchange rates. Christodoulou detailed that he’s […]

SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse