Apple Whitelists Just Six Cryptocurrencies, Removes ShapeShift App

The wall around Apple's garden just got ten feet taller! The snobbish American firm best known for selling Chinese-made subpar smartphones for luxury prices, removing standard plugs so that they can sell overpriced adapters, and of course gross tax avoidance has reportedly again decided to limit its users access to different types of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

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Apple has removed from its app store the mobile edition of ShapeShift, the service that allows users to instantly cross-convert dozens of cryptocurrencies and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term assets. The firm has evidently provided no notice to users and the link to the iOS app from ShapeShift's website is simply redirected to the main iTunes page.

Despite this lack of transparency on Apple's part we have every reason to believe this was done due to the fact that ShapeShift supports a variety of assets, some of which are no longer approved by the app store team. Late last month the founder of Jaxx, Anthony Di Iorio, revealed on social media that representatives of the corporation have demanded the removal of the Dash support feature from the wallet app.

According to Di Iorio, Apple now bans any asset other than Bitcoin, Ethereum, Litecoin, Doge, Ripple and TheDAO.

Received official word from Apple. Only approved coins on @AppStore - #Bitcoin #Ethereum #Litecoin #Doge #Ripple #TheDAO. Mindboggling.

— Anthony Di Iorio (@diiorioanthony) August 31, 2016

Despite this exclusionary approach to cryptocurrencies, Apple still allows dangerous scam wallets on its app store, for which it needs the Bitcoin community’s help to fight the phenomenon.