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Daily Trends Now


Apple bans cryptocurrency mining on iPhones

Apple bans cryptocurrency mining on iPhones

Apple previewed their Apple Books app at the Worldwide Developers Conference last week and today they presented an in-depth look at the app that will replace the long running iBooks. Apps should not rapidly drain a battery, generate excessive heat, or put unnecessary strain on device resources, the company wrote on its website. In digital currency mining, each of these things is likely to take place. "Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining", Apple said.

Well, a key part of the new guidelines discusses cryptocurrencies and how cryptocurrencies and blockchain technologies can be integrated into new app development for the Apple App Store.

Does it Make a Difference?

Apple is making it harder for its App Store developers to gain or profit off of users' information, much of which the user may not be even be aware that the developer can access.

Apple Says 'No' to Cryptocurrency Mining on iPhone
Apple bans cryptocurrency mining on iPhones

Cryptocurrency mining has been disallowed in App Store apps, unless the processing is performed somewhere other than an Apple device, such as a remote server or cloud provider. Some developers have bulk-texted friends of users using contact information to help build user bases for their services. Although users will still be able to manage and trade cryptocurrencies on their Apple device, this move basically kills the generation of cryptocurrencies via Macs and iPhones (at least through the official app stores).

Addressing the rising frauds with the unregulated initial coin offering-based (ICO) fundraising technique, Apple is now only allowing apps from established banks, securities firms, futures commission merchants ("FCM"), or other approved financial institutions. Apple may have already had to face devices damaged by mining, which is probably why the company chose to act so strictly on the matter. "Apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organization", the policy states.




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