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“# Google bans 8 ‘deceptive’ crypto apps from Play Store ” Google has delisted eight allegedly fraudulent mobile apps from its Play Store that were duping crypto enthusiasts by charging fees for an illegitimate cloud mining service. Fraudulent mobile applications have now become a popular method to mislead unwary users with high success rates. Trend…
“# Bitcoin rewards app Lolli closes $10M investment round ” Popular Bitcoin (BTC) rewards app Lolli has received fresh backing from venture funds and other investors as it plans to scale its services to a wider audience. On Wednesday, the company announced it had closed a $10 million Series A funding round led by Acrew…
“# A decentralized app store might lead crypto toward more centralization ” The estimated windfall Apple got from its App Store in 2020 is $67 billion. That’s up from $50 billion in 2019, a 28% increase. Even as the company has lowered its commissions for smaller developers, the App Store remains a major component of…
“# Meitu loses $17.3M on Bitcoin, gains $14.7M on Ether ” Hong Kong tech company Meitu has taken a $17.3 million hit on its Bitcoin (BTC) holdings — but on the upside, its Ether (ETH) holdings have gained $14.7 million. The developer of popular Photoshop-style apps spent a total of $100 million on BTC and…
“# AppSwarm’s DOGE division calls for a global dev teams to build off Dogecoin ” A Dogecoin (DOGE)-focused division at publicly-traded OTC software firm AppSwarm (SWRM) is looking to bring together a global development teams to build off the Dogecoin blockchain. DogeLabs, a newly launched division of AppSwarm’s blockchain research lab, TulsaLabs, announced Wednesday a…
“# Revolut app announces Bitcoin withdrawals… within limits ” Europe’s leading financial app Revolut has finally enabled Bitcoin withdrawals four years after it first provided crypto trading services to some users, and a year after it extended trading to all 7 million users worldwide. Revolut first added Bitcoin, Litecoin, and Ethereum trading for premium users…
“# Square’s Cash App raises minimum Bitcoin withdrawal to 0.001 BTC ” Square’s Cash App, a Bitcoin-friendly mobile payments platform, has raised its minimum withdrawal requirements for BTC holders. The minimum withdrawal amount for Bitcoin accounts is now 0.001 BTC, or 100,000 satoshis, compared with 0.0001 BTC, or 10,000 satoshis, previously. With Bitcoin hovering around…
“# Trading apps usurp TikTok in popularity ” Two trading apps have risen to the top of Apple’s App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth…
“# Bakkt launches payments app as institutions compete for crypto assets ” Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public. Bakkt was launched by Intercontinental Exchange in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively. The Bakkt App is…
“# iPhone user blames Apple for $600K Bitcoin theft via fake app ” A scam cryptocurrency app on Apple’s app distribution service App Store has reportedly stolen $600,000 Bitcoin (BTC) from one iOS user. Cryptocurrency holder Phillipe Christodoulou fell victim to a scam app on the App Store, losing nearly all his life savings to…