Published: Wed, June 13, 2018
Hi-Tech | By Wayne Curry

Apple just banned cryptocurrency mining on all its devices

Apple just banned cryptocurrency mining on all its devices

In an update to the Hardware Compatibility section of its developer guidelines, Apple said "apps, including any third party advertisements displayed with them, may not run unrelated background processes, such as cryptocurrency mining". But the company later pulled the app, reportedly because the software's mining function could drain a Mac's battery life and cause excessive heat. This includes the production of wallets and the production of apps for cloud-based mining (no apps will be permitted that allow local mining on iPhones specifically).

Design your app to use power efficiently.

As bitcoin prices peaked near $20,000 in December 2017, Apple unveiled a new section of guidelines specific to cryptocurrencies and ICOs on December 20.

Further adding to the pressure on cryptocurrencies, Bitcoin's price declined on Monday following the hacking of South Korean cryptocurrency exchange Coinrail.

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The iPhone isn't a great cryptocurrency miner, especially compared to special mining machines, but that doesn't mean that a surreptitious app couldn't mine tokens like Monero in the background.

The move allows US iPhone users to share their health record data with third-party apps from autumn. These, Apple writes, "must come from established banks, securities firms, futures commission merchants, or other approved financial institutions and must comply with all applicable law". News about Apple's changes to the App Store aren't likely to play particularly well.

Moreover, Apple will no longer allow reward-based crypto marketing with App Store listed apps.

Apps may "facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself". While this particular adjustment may not seem to be a developer-friendly move at first glance because of its restrictive nature, it will actually be a boon for devs who create apps that offer cryptocurrency transactions.

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