Fun

News Feed - 2023-07-29 06:07:54

Amaka Nwaokocha23 hours agoLawmakers probe Apple’s App Store policies on blockchain, NFTsTheir letter aimed to explore whether these guidelines might inadvertently hinder the progress and growth of cutting-edge innovations.6997 Total views10 Total sharesListen to article 0:00NewsJoin us on social networksUnited States Representatives Gus Bilirakis and Jan Schakowsky penned a formal letter to Apple CEO Tim Cook about concerns related to the California-based company’s App Store, and the potential effect of its guidelines on emerging technologies like blockchain and nonfungible tokens (NFTs).


The letter requests information about whether the App Store’s guidelines might inadvertently hinder the progress and growth of cutting-edge innovations.Screenshot of the letter from the lawmakers addressed to Apple"s CEO. Source: Bilirakis blog.


The lawmakers observed a pattern in Apple’s approach to its App Store guidelines, where the company seemingly capitalized on and simultaneously limited the functionality of crypto apps. They pointed out that Apple achieved this by mandating the release of “lite” versions, which both generated profits for Apple and diminished the overall utility of the applications. As evidence, they specifically mentioned the case of Axie Infinity’s App Store experience.


By dispatching the letter, the lawmakers expressed concerns regarding the potential negative consequences of Apple’s policies on the United States’ standing in emerging technologies. The chairman and ranking member of the Innovation, Data, and Commerce Subcommittee noted that while Apple has justified these limitations as a means to enhance security through a “walled garden” approach, there is widespread concern that the company might be wielding the App Store as a tool to suppress competition.


Related:Apple has its own GPT AI system but no stated plans for public release: Report


They emphasized the importance for Congress to understand the App Store guidelines comprehensively and assess to what extent these guidelines may impede innovation. They added:“Our subcommittee remains committed to promoting full transparency and ensuring that Big Tech is held accountable for monopolistic behavior.“  


The lawmakers stated that they intend to create a level playing field within the industry so that American ingenuity can continue to thrive. The representatives previously penned a similar letter to Apple regarding App Store policies relating to TikTok and other apps originating from China.


Magazine:GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’# Cryptocurrencies# Apple# Business# Congress# Technology# Tokens# RegulationAdd reactionAdd reactionRelated NewsWhat is profit and loss (PnL) and how to calculate itWorldcoin is making reality look like a lot like Black MirrorBarnBridge DAO calls halt to ‘all work’ on DeFi protocol amid SEC probeXRP court ruling marks milestone, but new crypto law could take yearsHere’s how big food and beverage brands are using NFTs: ReportSEC, Binance unite against Eeon’s lawsuit intervention

News Feed

IMF: Crypto Assets Become More Mainstream as Hedges Against Weak Currencies, Potential Payment Instruments
IMF: Crypto Assets Become More Mainstream as Hedges Against Weak Currencies, Potential Payment Instruments The International Monetary Fund (IMF) published a report stating that cry
Putin Urges Government, Central Bank to Reach Consensus on Crypto, Highlights Russia’s Mining Potential
Putin Urges Government, Central Bank to Reach Consensus on Crypto, Highlights Russia’s Mining Potential President Vladimir Putin has joined the debate on the future of cryptocurr
Gareth Jenkinson10 hours agoTottenham Hotspur taps Chiliz blockchain for Web3 fan tokenSpurs became the first Premier League team in two years to issue its own fan token on the Chiliz blockchain.1668 Total views49 Total
Helen Partz15 hours agoCrypto banking app Bitwala relaunches via new partnership with StrigaEuropean crypto-banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations in 2022.3631 Total vie
Rakesh Upadhyay5 hours agoPrice analysis 7/7: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOTBitcoin and select altcoins are finding buyers at lower levels, indicating a pick-up in positive sentiment.2105 Total views
Power Outages in Russia’s Irkutsk Region Blamed on Home Miners
Power Outages in Russia’s Irkutsk Region Blamed on Home Miners Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irku
Federal Security Service of Russia Seeks Powers to Obtain Information From Crypto Platforms
Federal Security Service of Russia Seeks Powers to Obtain Information From Crypto Platforms The Federal Security Service of the Russian Federation has issued a draft order allowing
Venezuela’s Bitcoin Use Soars Amid Hyperinflation: 3rd on Global Crypto Adoption Index
Venezuela"s Bitcoin Use Soars Amid Hyperinflation: 3rd on Global Crypto Adoption IndexVenezuelans have become increasingly interested in cryptocurrency as their country faces dire e
BIS inaugurates Toronto Innovation Centre with Bank of Canada
Ezra Reguerra30 minutes agoBIS inaugurates Toronto Innovation Centre with Bank of CanadaBank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadia
Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper
Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper A great number of cryptocurrency businesses are prepari
Anthropic launches external tool use for Claude AI, enabling stock ticker integrations and more
Tristan Greene4 hours agoAnthropic launches external tool use for Claude AI, enabling stock ticker integrations and moreThe integration could have huge implications for denizens of the cryptocurrency community.655 Total
Peafarm – NFT Crypto Games on Tron 4.0 Platform, Airdrop Is Now Live
Peafarm – NFT Crypto Games on Tron 4.0 Platform, Airdrop Is Now Live PRESS RELEASE. NFT (non-fungible token) had been used in the construction of decentralized