Daily Insights (Monday)

Jun 12, 2018

Apple recently announced new restrictions on the use of cryptocurrencies on iPhones and iPads, a change first noticed by Apple Insider on Monday.

apple_bans_crypto_mining

“Apps may not mine for cryptocurrencies unless the processing is performed off device,” Apple’s app store guidelines for iOS now say.

Apple’s new policy is apparently motivated in part by concerns that cryptocurrency mining could drain the batteries of mobile devices. “Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining,” the policy states.

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ripple_crypto_lawsuit

Distributed ledger startup Ripple is facing another lawsuit over its XRP cryptocurrency.

Court records show that Vladi Zakinov filed a class-action lawsuit last week, naming Ripple Labs, XRP II (the company’s licensed money services business), CEO Brad Garlinghouse and 25 anonymous persons as defendants. The complaint was submitted to the Superior Court of California in San Mateo county.

Zakinov alleges that the XRP token is a security controlled by Ripple, and that he purchased XRP in January 2018 and “was damaged thereby.”

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