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Bitcoin Rebounds; Apple Bans Cryptocurrency Mining on All Devices

Bitcoin rebounded on Tuesday

Investing.com – Bitcoin rebounded on Tuesday despite reports that Apple banned mining on all of its devices, including iPhones, iPads, iMacs, MacBook Pros, and others.

Bitcoin was trading at $6,863.2 by 11:25PM ET (03:25GMT) on the Bitfinex exchange, up 1.5% over the previous 24 hours.

Ethereum, the world’s second largest cryptocurrency by market cap, slipped 0.02% at $530.31 on the Bitfinex exchange.

Ripple’s XRP token climbed 0.8% higher to $0.58649 on the Poloniex exchange.

Meanwhile, Litecoin fell 1.0% to $106.53.

Apple has now banned all on-device crypto mining apps, according to a new set of developer guidelines for the App Store released during Apple (NASDAQ:AAPL) Worldwide Developers Conference (WWDC).

“Apps may not mine for cryptocurrencies unless the processing is performed off device,” the guidelines now state. “Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining.”

Meanwhile, digital wallet and cryptocurrency exchange apps will still be permitted, Apple said. However, only official providers and exchanges will be able to post their apps.

The ban came after a Mac program that contained an optional cryptocurrency mining function called Calendar 2 was released on the app store earlier this year. The program was pulled out from the app store in March.

Cryptocurrency prices were under pressured on Monday, with Bitcoin fell as much as 11% after South Korea-based Coinrail said in a statement on its website that some of the exchange’s virtual currency appeared to have been stolen by hackers.

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