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Apple approves first bitcoin trading app after policy change

Coin Pocket has become the first bitcoin trading app to be approved by Apple since it updated its App Store review guidelines.

SHORTLY AFTER UPDATING its App Store Review guidelines regarding virtual currencies, the first bitcoin trading app has been approved for the App Store.

The app, named Coin Pocket, allows users to send and receive bitcoin, check the price and collect private keys into a single spot and encrypt them.

Before the policy update, Apple had taken a hardline approach to apps that used virtual currencies, removing a number of apps that used virtual cash from its store.

The updated guidelines now allows virtual currencies to appear on the site with one major condition: That they comply with both state and federal laws for the territories in which the app functions.

The vast majority of bitcoin and cryptocurrency apps appear on Android and Windows Phone devices instead, but Apple’s policy change paves the way for similar apps to appear on iOS.

The mining of new bitcoin has recently  with the discovery that one entity has supplied more than half of the computational power required to mint new bitcoins, Ars Technica reports.

Researchers from Cornell University found that on five separate occasions beginning 3 June, one single mining pool named GHash performed more than 51% of the currency’s hashing – the cryptographic process required to mint bitcoin – for periods as long as 12 hours.

Concerns have been raised over this development since majority control over bitcoin creation could end up undermining its security and reliability, such as demanding higher fees from people with large holdings or reject competing miners’ transactions.

Read: I tried to use Instragram like a teenager #selfie #follow4follow #nofilter >

Read: The transport watchdog is worried about car-sharing app Wundercar – should you be? >

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    Mute Eddie Garvey
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    Jun 17th 2024, 6:20 PM

    Simon Harris will do what he’s told to do, make no mistake about that, whatever spin is put on it

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    Mute Andrew Kenny
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    Jun 17th 2024, 10:55 PM

    @Eddie Garvey: Absolutely right Eddie

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    Mute Tom
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    Jun 17th 2024, 6:20 PM

    Back scratching time again.

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    Mute Des Hanrahan
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    Jun 17th 2024, 6:11 PM

    I guess that it will be the usual stitch up for the top EU jobs . Competence is not a requirement . If Von Der Leyen is the best that the EU can do then I am afraid that we are royally f****d .

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    Mute silvery moon
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    Jun 17th 2024, 7:45 PM

    Vote the war monger out!!

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    Mute Pat Hazzard
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    Jun 17th 2024, 8:26 PM

    @silvery moon: Hamas don’t do democracy

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    Mute ItWasLikeThatWhenIGotHere
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    Jun 17th 2024, 8:31 PM

    @Pat Hazzard: The shame.

    So you are saying that the racist colonists is the “democracy”.
    That those committing the crimes that brought all the suffering to the region are the “democracy”.

    While those defending from these atrocities are not.

    The shame.

    The share this “democracy” brings to democracy.

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    Mute S Suilleabhain
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    Jun 17th 2024, 6:45 PM

    Blueshirts got a severe ego boost last week. Oh for shame

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    Mute John D Doe
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    Jun 18th 2024, 6:34 AM

    @S Suilleabhain: you shinners still crying lol

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    Mute Ian
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    Jun 17th 2024, 8:31 PM

    She needs to go.

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    Mute Colette Kearns
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    Jun 17th 2024, 7:53 PM

    Investigators from the European Public Prosecution’s Office ( EPPO) in recent months have been investigating her over interference in public functions, destruction of SMS, corruption & conflict of interest. In other word’s a crook!

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    Mute Rob Goodbody
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    Jun 17th 2024, 6:52 PM

    The Journal’s usual masceration of the language. The singular of the verb “to be” is “is”. Hence, the sentence should be “Fine Gael is …” Where do these people learn to write?

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    Mute djdonohoe2000@yahoo.co.uk
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    Jun 17th 2024, 9:12 PM

    Harris has about as much say as a fart in the wind ..

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    Mute William O leary
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    Jun 17th 2024, 8:33 PM

    the epp protect their own and fg are willing lackeys…

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    Mute Dominic Leleu
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    Jun 18th 2024, 7:52 AM

    Will be replaced by another EPP clown with open borders, taxes, green agenda and war business. Probably in favour of getting corrupted countries in Europe and also Ukraine. What can go wrong.

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    Mute ian
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    Jun 18th 2024, 12:02 PM

    Maybe her right-wing Isralie friends will vote for her.

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    Mute Paddy C
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    Jun 18th 2024, 2:50 PM

    We can sleep better tonight knowing this I’m sure the engagement of waffle shall achieve wonders,nil as usual.

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