Apple has updated its App Store guidelines with new rules around NFTs, banning their use for unlocking additional content or features in apps.
October 25, 2022 | | | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $19,774 | Bitcoin price has spiked to around $19,800, in a rapid jump from its 24-hour trading range. | Top-20 altcoins have also jumped in value, as Ethereum gains 5%, BNB rises 3% and Solana leads with a 6% advance. | Top Stories for October 25, 2022 🔥 | | Apple has updated its App Store guidelines with new rules around non-fungible tokens (NFTs), essentially banning use for unlocking additional content or features within apps. | NFTs are often used in the cryptocurrency ecosystem to unlock token-gated content, which is reserved only for members of a particular NFT community. | The rule follows a previous claim from Apple that it would take a significant 30% cut on all NFTs sold in apps on its platform. | | The UK house of Commons has voted in favor of recognizing cryptocurrency asset as regulated financial instruments. | The move was made as part of a series of amendments to the proposed Financial Services and Markets Bill, which encompasses the country's economic strategy following its exit from the European Union. | | Laguna Labs has launched a new inflation-tracking stablecoin on its test network – the first major attempt to create a token pegged to the cost of living rather than a fiat currency. | The "Nuon flatcoin" tracks the cost of living via "daily unbiased, authentic, and on-chain inflation data” and was inspired by discussions from large players such as Brian Armstrong, Vitalik Buterin and others. |
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