User-KRIS77
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#Write2Earn
Semler Scientific, Inc. acquired an additional 167 bitcoins for a total of $16.2 million, increasing its total holdings to 3634 BTC and solidifying its position as the fourth largest bitcoin holder in the USA, according to a regulatory document dated May 5.
Semler Scientific's Bitcoin holdings surged to 3634 BTC with an annual yield of 22.2%.
The Delaware-based company purchased bitcoins between April 30 and May 2 at an average price of $97,093 per coin, financed by proceeds from its at-the-market (ATM) stock sale program. As of April 15, Semler Scientific raised approximately $39.8 million by selling 1.17 million shares under the program, according to documentation from the US Securities and Exchange Commission (SEC).
As of May 2, the market value of Semler Scientific's bitcoins was $352.4 million, reflecting an unrealized gain of $30.1 million over the total purchase cost of $322.3 million. The company stated that the average purchase price of bitcoin is $88,668, including fees.
Semler Scientific, Inc. acquired an additional 167 bitcoins for a total of $16.2 million, increasing its total holdings to 3634 BTC and solidifying its position as the fourth largest bitcoin holder in the USA, according to a regulatory document dated May 5.
Semler Scientific's Bitcoin holdings surged to 3634 BTC with an annual yield of 22.2%.
The Delaware-based company purchased bitcoins between April 30 and May 2 at an average price of $97,093 per coin, financed by proceeds from its at-the-market (ATM) stock sale program. As of April 15, Semler Scientific raised approximately $39.8 million by selling 1.17 million shares under the program, according to documentation from the US Securities and Exchange Commission (SEC).
As of May 2, the market value of Semler Scientific's bitcoins was $352.4 million, reflecting an unrealized gain of $30.1 million over the total purchase cost of $322.3 million. The company stated that the average purchase price of bitcoin is $88,668, including fees.
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#Write2Earn
Bitcoin-based ETFs listed in the US are driving an aggressive wave of accumulation, purchasing nearly six times more bitcoins last week than miners produced.
According to a report from asset allocation firm HODL15Capital dated May 4, Bitcoin-based ETFs acquired 18,644 BTC over the past week.
In comparison, only 3,150 BTC were mined during the same period — about 450 coins per day. The buying frenzy indicates growing interest from institutional investors, especially as supply becomes increasingly limited following the recent halving.
Despite a net outflow on April 30, data from Farside Investors shows that the total net inflow this week was around $1.8 billion.
Since April 16, there has only been one day of net outflow, with the overall market recovery improving investor sentiment.
Bitcoin-based ETFs listed in the US are driving an aggressive wave of accumulation, purchasing nearly six times more bitcoins last week than miners produced.
According to a report from asset allocation firm HODL15Capital dated May 4, Bitcoin-based ETFs acquired 18,644 BTC over the past week.
In comparison, only 3,150 BTC were mined during the same period — about 450 coins per day. The buying frenzy indicates growing interest from institutional investors, especially as supply becomes increasingly limited following the recent halving.
Despite a net outflow on April 30, data from Farside Investors shows that the total net inflow this week was around $1.8 billion.
Since April 16, there has only been one day of net outflow, with the overall market recovery improving investor sentiment.
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#Write2Earn
According to Le Parisien, police freed the father of a cryptocurrency entrepreneur on Sunday after kidnappers held him hostage in an Airbnb apartment for two days.
Four men in ski masks shoved the victim into a van on Thursday morning in Paris, the prosecutor's office reported on Sunday. "The victim turned out to be the father of a man who made a fortune in cryptocurrencies, and the incident was accompanied by a ransom demand," the statement read.
Police did not identify the victim or the entrepreneur. According to Le Parisien, the kidnappers demanded a ransom of between 5 to 7 million euros ($5.67 to $7.9 million). No payment was made.
Additionally, the kidnappers allegedly severed one of the victim's fingers. They sent a video recording of the injured man to his son, asking for money.
Police arrested five individuals aged 23 to 27 in connection with this crime. Four of them were inside or near the Airbnb. The fifth person was driving the van that police believe the assailants used to commit the crime.
According to Le Parisien, police freed the father of a cryptocurrency entrepreneur on Sunday after kidnappers held him hostage in an Airbnb apartment for two days.
Four men in ski masks shoved the victim into a van on Thursday morning in Paris, the prosecutor's office reported on Sunday. "The victim turned out to be the father of a man who made a fortune in cryptocurrencies, and the incident was accompanied by a ransom demand," the statement read.
Police did not identify the victim or the entrepreneur. According to Le Parisien, the kidnappers demanded a ransom of between 5 to 7 million euros ($5.67 to $7.9 million). No payment was made.
Additionally, the kidnappers allegedly severed one of the victim's fingers. They sent a video recording of the injured man to his son, asking for money.
Police arrested five individuals aged 23 to 27 in connection with this crime. Four of them were inside or near the Airbnb. The fifth person was driving the van that police believe the assailants used to commit the crime.
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#MarketPullback
Has the market lost the confidence it gained over the last weeks of growth?
Several events and indicators suggest to stay calm and not panic. One of the factors suggesting that the situation is favorable is the activity on the network. As reported by Ali Martinez in one of his latest posts on X, in the last 24 hours, as many as 925,914 addresses were active on the Bitcoin network. This is the highest level of network activity since November 2024.
In recent days, there has also been significant purchasing activity from institutional entities. Giants such as BlackRock, Ark Invest, MicroStrategy, and Metaplanet have spent hundreds of millions of dollars on BTC.
In the last week and month, Bitcoin has gained in value by 0.97% and 14.90%, respectively. Therefore, it is clear that the token has slowed down, but it seems that this is still not a reason to panic.
Has the market lost the confidence it gained over the last weeks of growth?
Several events and indicators suggest to stay calm and not panic. One of the factors suggesting that the situation is favorable is the activity on the network. As reported by Ali Martinez in one of his latest posts on X, in the last 24 hours, as many as 925,914 addresses were active on the Bitcoin network. This is the highest level of network activity since November 2024.
In recent days, there has also been significant purchasing activity from institutional entities. Giants such as BlackRock, Ark Invest, MicroStrategy, and Metaplanet have spent hundreds of millions of dollars on BTC.
In the last week and month, Bitcoin has gained in value by 0.97% and 14.90%, respectively. Therefore, it is clear that the token has slowed down, but it seems that this is still not a reason to panic.
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#USStablecoinBill
Bipartisan discussions about the groundbreaking cryptocurrency bill faced an unexpected hurdle after nine key Democratic senators stated on Saturday that they would not support the amendments proposed by GOP lawmakers last week. The bill would create the first-ever federal regulatory framework for so-called stablecoins, which are tied to the value of the dollar.
GOP aides involved in the discussions said they were stunned by the Democrats' statement on Saturday, who argued that the revised proposal did not go far enough to address money laundering and protect the broader financial system. However, Republicans still hope that there is a way forward to gain the support of Democrats.
Bipartisan discussions about the groundbreaking cryptocurrency bill faced an unexpected hurdle after nine key Democratic senators stated on Saturday that they would not support the amendments proposed by GOP lawmakers last week. The bill would create the first-ever federal regulatory framework for so-called stablecoins, which are tied to the value of the dollar.
GOP aides involved in the discussions said they were stunned by the Democrats' statement on Saturday, who argued that the revised proposal did not go far enough to address money laundering and protect the broader financial system. However, Republicans still hope that there is a way forward to gain the support of Democrats.
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#Write2Earn
The cryptocurrency exchange Binance has announced significant restrictions for users from Poland. The changes will take effect on May 16, 2025, and will affect four key products: Futures, Margin, Loans in Stablecoins, and Dual Investments. The main reason is to comply with local regulatory requirements.
In practice, this means that Polish users will not be able to trade on leverage or increase existing positions. Furthermore, all open futures orders will be automatically canceled. Users will still be able to deposit collateral to avoid liquidation, but they will not be able to further develop their activities in this market.
Binance also announced that new subscriptions for Dual Investments will no longer be available. Currently active ones will remain unchanged, but new ones cannot be initiated. The same applies to loans in stablecoins – users will no longer be able to take out new loans or increase existing ones if they are secured by this type of asset.
As for margin trading, Binance will block the use of stablecoins as collateral for new loans. Existing positions will not be closed, but further use of this form will be significantly limited.
The cryptocurrency exchange Binance has announced significant restrictions for users from Poland. The changes will take effect on May 16, 2025, and will affect four key products: Futures, Margin, Loans in Stablecoins, and Dual Investments. The main reason is to comply with local regulatory requirements.
In practice, this means that Polish users will not be able to trade on leverage or increase existing positions. Furthermore, all open futures orders will be automatically canceled. Users will still be able to deposit collateral to avoid liquidation, but they will not be able to further develop their activities in this market.
Binance also announced that new subscriptions for Dual Investments will no longer be available. Currently active ones will remain unchanged, but new ones cannot be initiated. The same applies to loans in stablecoins – users will no longer be able to take out new loans or increase existing ones if they are secured by this type of asset.
As for margin trading, Binance will block the use of stablecoins as collateral for new loans. Existing positions will not be closed, but further use of this form will be significantly limited.
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#Write2Earn
The presidential race in South Korea is likely to focus again on Bitcoin, after the ruling People Power Party announced its candidate in the June 3 elections, former Minister of Labor Kim Moon-soo.
According to the South Korean portal Digital Daily, officials believe that 16.3 million South Koreans owned or currently own crypto assets.
Their data is based on the number of cryptocurrency wallets and the associated bank accounts on five domestic cryptocurrency exchanges supporting the trading of fiat currencies as of the end of February this year.
The media agency noted that the South Korean political world is "currently making significant efforts" to make promises regarding ways to stimulate the growth of the cryptocurrency market.
By the end of April, Kim stirred up a storm in the cryptocurrency community. The candidate said he would "allow government agencies such as the National Pension Service (NPS) and Korea Investment Corporation (KIC) to invest in virtual assets."
NPS is the third-largest pension fund in the world. KIC is a sovereign wealth fund. If NPS and KIC were to start investing directly in BTC and other crypto assets, this move would "further strengthen the reputation of the cryptocurrency market."
The presidential race in South Korea is likely to focus again on Bitcoin, after the ruling People Power Party announced its candidate in the June 3 elections, former Minister of Labor Kim Moon-soo.
According to the South Korean portal Digital Daily, officials believe that 16.3 million South Koreans owned or currently own crypto assets.
Their data is based on the number of cryptocurrency wallets and the associated bank accounts on five domestic cryptocurrency exchanges supporting the trading of fiat currencies as of the end of February this year.
The media agency noted that the South Korean political world is "currently making significant efforts" to make promises regarding ways to stimulate the growth of the cryptocurrency market.
By the end of April, Kim stirred up a storm in the cryptocurrency community. The candidate said he would "allow government agencies such as the National Pension Service (NPS) and Korea Investment Corporation (KIC) to invest in virtual assets."
NPS is the third-largest pension fund in the world. KIC is a sovereign wealth fund. If NPS and KIC were to start investing directly in BTC and other crypto assets, this move would "further strengthen the reputation of the cryptocurrency market."
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#Write2Earn
Senator Elizabeth Warren urged the Senate to delay the passage of the controversial digital assets bill, warning of potential corruption related to the Trump family's stablecoin project.
Over the weekend, Warren encouraged lawmakers to reconsider the rushed voting on the bill. She pointed out the involvement of World Liberty Financial, a company of the Trump family, in a risky deal with the United Arab Emirates that could have serious financial consequences.
Senator Elizabeth Warren urged the Senate to delay the passage of the controversial digital assets bill, warning of potential corruption related to the Trump family's stablecoin project.
Over the weekend, Warren encouraged lawmakers to reconsider the rushed voting on the bill. She pointed out the involvement of World Liberty Financial, a company of the Trump family, in a risky deal with the United Arab Emirates that could have serious financial consequences.
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$BTC
Short-term Bitcoin whales are returning to profit.
Short-term whales are addresses that have held BTC for less than six months. These Bitcoin whales are now making a profit as BTC exceeds their average realized price.
The chart of realized prices for short-term/long-term whales from CryptoQuant shows that the orange line (the cost basis of short-term whales) has been approaching the white market price curve in recent weeks.
This confirms that most short-term holders would be making profits if they sold at current prices.
On-chain data reinforces this outlook. Funding rates on perpetual swaps remain deeply negative. This indicates large short positions ready for a potential squeeze if buying continues.
Meanwhile, long-term holders are systematically rebuilding their holdings. Furthermore, the network hash rate reached a record level of 1.04 EH/s this month.
These indicators signal that miners and patient investors are confident in maintaining a growth trajectory.
Short-term Bitcoin whales are returning to profit.
Short-term whales are addresses that have held BTC for less than six months. These Bitcoin whales are now making a profit as BTC exceeds their average realized price.
The chart of realized prices for short-term/long-term whales from CryptoQuant shows that the orange line (the cost basis of short-term whales) has been approaching the white market price curve in recent weeks.
This confirms that most short-term holders would be making profits if they sold at current prices.
On-chain data reinforces this outlook. Funding rates on perpetual swaps remain deeply negative. This indicates large short positions ready for a potential squeeze if buying continues.
Meanwhile, long-term holders are systematically rebuilding their holdings. Furthermore, the network hash rate reached a record level of 1.04 EH/s this month.
These indicators signal that miners and patient investors are confident in maintaining a growth trajectory.
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#Write2Earn
Investment in a fake cryptocurrency exchange.
The incident occurred on the last Sunday of April. A 59-year-old man reported to the police in Bydgoszcz, informing that he had fallen victim to an investment scam. From the victim's account, it was clear that while browsing the internet, he stumbled upon an advertisement for an investment platform dealing with cryptocurrency trading. He clicked on the link, filled out a form, and then was contacted by a person claiming to be a consultant.
The entire scheme started over the phone. The perpetrators connected with the 59-year-old, and then step by step instructed him on how to invest and where to transfer money. Unfortunately, at the same time, the victim installed a program that allowed the scammers remote access to his computer.
Continuing the whole process, the scammers urged the man to log into his bank accounts. Suddenly, they took over those accounts and made two transfers totaling 130 thousand zlotys.
Investment in a fake cryptocurrency exchange.
The incident occurred on the last Sunday of April. A 59-year-old man reported to the police in Bydgoszcz, informing that he had fallen victim to an investment scam. From the victim's account, it was clear that while browsing the internet, he stumbled upon an advertisement for an investment platform dealing with cryptocurrency trading. He clicked on the link, filled out a form, and then was contacted by a person claiming to be a consultant.
The entire scheme started over the phone. The perpetrators connected with the 59-year-old, and then step by step instructed him on how to invest and where to transfer money. Unfortunately, at the same time, the victim installed a program that allowed the scammers remote access to his computer.
Continuing the whole process, the scammers urged the man to log into his bank accounts. Suddenly, they took over those accounts and made two transfers totaling 130 thousand zlotys.
WORDOFTHEDAY
Topic: DeFAI
2025-05-05 do 2025-05-11
Topic: DeFAI
2025-05-05 do 2025-05-11
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#Write2Earn
Former CEO of Binance, Changpeng Zhao (CZ), has reignited the Bitcoin versus gold debate. On platform X, he wrote:
"I am not against gold, but it is not a limited supply asset."
In this way, he highlighted a fundamental characteristic of Bitcoin – its limited issuance of 21 million coins, which is crucial for long-term investments. Over the scale of many years, an increasing supply – even minimally – can have a significant impact on the value of an asset.
Zhao's post sparked vibrant discussion in the comments. Bitcoin supporters backed his stance, while gold defenders reminded of its historical role as a "safe haven."
The discussion also included Quinten Francois, an influential entrepreneur and author of books on cryptocurrencies. He published a chart suggesting the supply of Bitcoin and gold over the next few decades. This post was supported by CZ himself.
Former CEO of Binance, Changpeng Zhao (CZ), has reignited the Bitcoin versus gold debate. On platform X, he wrote:
"I am not against gold, but it is not a limited supply asset."
In this way, he highlighted a fundamental characteristic of Bitcoin – its limited issuance of 21 million coins, which is crucial for long-term investments. Over the scale of many years, an increasing supply – even minimally – can have a significant impact on the value of an asset.
Zhao's post sparked vibrant discussion in the comments. Bitcoin supporters backed his stance, while gold defenders reminded of its historical role as a "safe haven."
The discussion also included Quinten Francois, an influential entrepreneur and author of books on cryptocurrencies. He published a chart suggesting the supply of Bitcoin and gold over the next few decades. This post was supported by CZ himself.
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#Write2Earn
In a recent interview for "Meet the Press" NBC, U.S. President Donald Trump admitted that his trade policy America First, including the imposition of tariffs, may have negative consequences for the country. Trump referred to the possibility of a recession occurring in the short term and his stance on the matter.
When asked if a recession could happen, he stated:
"Anything can happen, but I think we will have the largest economy in the history of our country."
Trump emphasized that he is not worried about it, explaining that he is focused on finding a long-term solution for stabilizing the U.S. economy. "Listen, yes, everything is OK. This is — I said this is a transitional period. I think we will do fantastically," he assessed.
In a recent interview for "Meet the Press" NBC, U.S. President Donald Trump admitted that his trade policy America First, including the imposition of tariffs, may have negative consequences for the country. Trump referred to the possibility of a recession occurring in the short term and his stance on the matter.
When asked if a recession could happen, he stated:
"Anything can happen, but I think we will have the largest economy in the history of our country."
Trump emphasized that he is not worried about it, explaining that he is focused on finding a long-term solution for stabilizing the U.S. economy. "Listen, yes, everything is OK. This is — I said this is a transitional period. I think we will do fantastically," he assessed.
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#Write2Earn
Binance has signed a memorandum of understanding (MOU) with the National Investment Agency of Kyrgyzstan to introduce cryptocurrency payment infrastructure and education about blockchain technology in the country.
As the exchange reported in a press release on May 4, the memorandum of understanding was formalized during the inaugural meeting of the Digital Assets Development Council, which was attended by the President of Kyrgyzstan, Sadyr Japarov.
Under the agreement, Binance will introduce Binance Pay in Kyrgyzstan, enabling tourists and residents to make cryptocurrency-based transactions.
The partnership also focuses on educational collaboration. Binance Academy will work with Kyrgyz government agencies and financial institutions to develop educational programs centered on blockchain.
“Binance is pleased to collaborate with the National Investment Agency of the Kyrgyz Republic to accelerate the development of crypto assets in the region,” said Kyrylo Khomiakov, regional head of Binance for Central and Eastern Europe.
Binance has signed a memorandum of understanding (MOU) with the National Investment Agency of Kyrgyzstan to introduce cryptocurrency payment infrastructure and education about blockchain technology in the country.
As the exchange reported in a press release on May 4, the memorandum of understanding was formalized during the inaugural meeting of the Digital Assets Development Council, which was attended by the President of Kyrgyzstan, Sadyr Japarov.
Under the agreement, Binance will introduce Binance Pay in Kyrgyzstan, enabling tourists and residents to make cryptocurrency-based transactions.
The partnership also focuses on educational collaboration. Binance Academy will work with Kyrgyz government agencies and financial institutions to develop educational programs centered on blockchain.
“Binance is pleased to collaborate with the National Investment Agency of the Kyrgyz Republic to accelerate the development of crypto assets in the region,” said Kyrylo Khomiakov, regional head of Binance for Central and Eastern Europe.
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#Write2Earn
A group of Democrats in the U.S. Senate, known for supporting the cryptocurrency industry, stated that they will oppose the Republican-led stablecoin bill if it is passed in its current form.
According to a Politico report from May 3, this move threatens to halt progress on legislation that could establish the first U.S. regulatory framework for stablecoins.
The report states that nine Democratic senators issued a joint statement saying that the bill "still has many issues that need to be addressed." They warned that they would not support a procedural vote to pass the legislation unless changes are made.
Among the signatories were Senators Ruben Gallego, Mark Warner, Lisa Blunt Rochester, and Andy Kim — all of whom previously supported the bill when it passed through the Senate Banking Committee in March.
A group of Democrats in the U.S. Senate, known for supporting the cryptocurrency industry, stated that they will oppose the Republican-led stablecoin bill if it is passed in its current form.
According to a Politico report from May 3, this move threatens to halt progress on legislation that could establish the first U.S. regulatory framework for stablecoins.
The report states that nine Democratic senators issued a joint statement saying that the bill "still has many issues that need to be addressed." They warned that they would not support a procedural vote to pass the legislation unless changes are made.
Among the signatories were Senators Ruben Gallego, Mark Warner, Lisa Blunt Rochester, and Andy Kim — all of whom previously supported the bill when it passed through the Senate Banking Committee in March.
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#EUPrivacyCoinBan
The European Union plans to introduce comprehensive regulations regarding anti-money laundering (AML), which will prohibit privacy-protecting tokens and anonymous cryptocurrency accounts starting in 2027.
Under the new Anti-Money Laundering Regulation (AMLR), credit institutions, financial institutions, and crypto-asset service providers (CASP) will not be allowed to maintain anonymous accounts or handle privacy-protecting cryptocurrencies such as Monero and Zcash.
"Article 79 AMLR establishes strict prohibitions on anonymous accounts [...]. Credit institutions, financial institutions, and crypto-asset service providers are prohibited from maintaining anonymous accounts," according to the AML Handbook published by the European Crypto Initiative (EUCI).
The European Union plans to introduce comprehensive regulations regarding anti-money laundering (AML), which will prohibit privacy-protecting tokens and anonymous cryptocurrency accounts starting in 2027.
Under the new Anti-Money Laundering Regulation (AMLR), credit institutions, financial institutions, and crypto-asset service providers (CASP) will not be allowed to maintain anonymous accounts or handle privacy-protecting cryptocurrencies such as Monero and Zcash.
"Article 79 AMLR establishes strict prohibitions on anonymous accounts [...]. Credit institutions, financial institutions, and crypto-asset service providers are prohibited from maintaining anonymous accounts," according to the AML Handbook published by the European Crypto Initiative (EUCI).
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#Write2Earn
Warren Buffett, the CEO and founder of the investment firm Berkshire Hathaway, announced that he will step down from his position by the end of 2025 and hand over the reins to his successor, Greg Abel, the Vice Chairman of Non-Insurance Operations.
The decision is still subject to approval by the company's board. However, Buffett stated that he is confident the board will fully support the decision to promote Abel, who has been groomed for the position for years, to the role of CEO.
Although investors have long anticipated this move, Buffett's announcement officially marks the end of an era for the publicly traded investment firm.
Warren Buffett, the CEO and founder of the investment firm Berkshire Hathaway, announced that he will step down from his position by the end of 2025 and hand over the reins to his successor, Greg Abel, the Vice Chairman of Non-Insurance Operations.
The decision is still subject to approval by the company's board. However, Buffett stated that he is confident the board will fully support the decision to promote Abel, who has been groomed for the position for years, to the role of CEO.
Although investors have long anticipated this move, Buffett's announcement officially marks the end of an era for the publicly traded investment firm.
WORDOFTHEDAY
Topic: The Long Game of Crypto
2025-04-28 do 2025-05-04
Topic: The Long Game of Crypto
2025-04-28 do 2025-05-04
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#Write2Earn
Arizona Governor, Katie Hobbs, vetoed a bill that would have allowed the state to hold bitcoins as part of its official reserves, effectively putting an end to efforts for Arizona to become the first state in the USA to adopt such a policy.
The Digital Asset Strategic Reserve Bill, which would have enabled Arizona to invest confiscated funds in bitcoins and create a reserve managed by state officials, was formally rejected on Friday, according to an update on the Arizona State Legislature website.
"Today I vetoed Senate Bill No. 1025. Arizona's pension system is one of the strongest in the nation because it makes prudent and informed investments," Hobbs wrote in a statement addressed to Warren Petersen, the Arizona Senate President.
"The pension funds of Arizona residents are not a place where the state can try untested investments, such as virtual currency," she added.
Arizona Governor, Katie Hobbs, vetoed a bill that would have allowed the state to hold bitcoins as part of its official reserves, effectively putting an end to efforts for Arizona to become the first state in the USA to adopt such a policy.
The Digital Asset Strategic Reserve Bill, which would have enabled Arizona to invest confiscated funds in bitcoins and create a reserve managed by state officials, was formally rejected on Friday, according to an update on the Arizona State Legislature website.
"Today I vetoed Senate Bill No. 1025. Arizona's pension system is one of the strongest in the nation because it makes prudent and informed investments," Hobbs wrote in a statement addressed to Warren Petersen, the Arizona Senate President.
"The pension funds of Arizona residents are not a place where the state can try untested investments, such as virtual currency," she added.
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#AppleCryptoUpdate
The U.S. Federal Appeals Court has overturned the infamous 30% "Apple Tax" imposed on in-app purchases on the Apple platform.
The court ruled that Apple can no longer block developers from linking to external payment systems. "The court found that Apple's 30% commission allowed it to achieve super-competitive operating margins and was not related to the value of its intellectual property, and thus was anti-competitive," the ruling states.
For over a decade, Apple's App Store policy required developers to use a proprietary payment system for in-app purchases, allowing the tech giant to take a 30% cut from everything from digital subscriptions to in-game items.
This "Apple Tax" had been a major source of revenue for the company, but it also posed a significant barrier for developers, especially those operating in the cryptocurrency and NFT space, who could not offer direct purchases of digital assets without inflating prices or removing core features to comply with Apple's rules.
The U.S. Federal Appeals Court has overturned the infamous 30% "Apple Tax" imposed on in-app purchases on the Apple platform.
The court ruled that Apple can no longer block developers from linking to external payment systems. "The court found that Apple's 30% commission allowed it to achieve super-competitive operating margins and was not related to the value of its intellectual property, and thus was anti-competitive," the ruling states.
For over a decade, Apple's App Store policy required developers to use a proprietary payment system for in-app purchases, allowing the tech giant to take a 30% cut from everything from digital subscriptions to in-game items.
This "Apple Tax" had been a major source of revenue for the company, but it also posed a significant barrier for developers, especially those operating in the cryptocurrency and NFT space, who could not offer direct purchases of digital assets without inflating prices or removing core features to comply with Apple's rules.
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