Apple

Apple’s New NFT Policy Sparks Controversy

Key Takeaways Apple has updated its App Store policy to allow certain apps featuring non-fungible tokens (NFTs). The policy only…

Key Takeaways

  • Apple has updated its App Store policy to allow certain apps featuring non-fungible tokens (NFTs).
  • The policy only permits NFTs without in-app functionality and disallows redirection to external services.
  • The updated policy has received mixed reactions from the tech and cryptocurrency community.

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Recent changes to Apple’s NFT policy have sown division within the crypto and tech communities.

Apple Updates NFT Policy

Apple’s NFT policy is generating controversy.

On October 24, Apple updated its App Store guidelines to change its policy around non-fungible tokens or NFTs.

The new policy explicitly allows app developers “to sell [non-fungible tokens] and sell services related to [NFTs].” This means that apps can allow the “minting, listing, and transferring” of NFTs in-app.

An enormous caveat, however, is that the policy does not permit the sale of “utility” NFTs. App developers cannot allow users to unlock in-app functions or features with NFTs, nor can they redirect users to external buying mechanisms.

These limitations will likely be detrimental to blockchain-based games that use NFTs. However, it is not apparent that such apps have a large presence in the first place, as querying its app store only returns nine NFT apps.

Apple initially began to support NFTs in late September, when it was criticized for relying on its own payment mechanism. This approach means that Apple adds a 30% tax on NFT sales in high-revenue apps—a policy that also applies to other apps with transactions.

Reactions Have Been Mixed

Reaction to the new policy has been mixed. Apple’s policy has been acknowledged positively by some, with headlines from Forbes and Game Developer highlighting the fact that the new store policy explicitly accommodates NFTs.

Others have criticized Apple for the restrictive nature of its policy and its seemingly excessive 30% cut.

Tim Sweeney, CEO of Epic Games, has criticized both sides by arguing that Apple is neither for nor against NFTs but rather is motivated solely by money. “They support NFTs they tax, and ban NFTs they don’t tax,” Sweeney observed.

Some have noted that Apple’s restrictive NFT policy is not entirely unique. Bryan Ross, a staff software engineer at Docker, noted the absurdity of Apple introducing “the same in-app purchase rules that other apps have to, and watching the whole [tech] sphere melt down in response.”

Yat Siu, a co-founder of the blockchain-focused gaming company Animoca Brands, suggested that Apple’s restrictions are only possible because of its current dominance. He argued that the economic opportunity of blockchain gaming will become “so weighty, like an open market,” that Apple will “eventually capitulate.”

Today’s news comes alongside an FCA discussion concerning Big Tech and its impact on retail finance. Those discussions aim to create a pro-competitive approach in those markets.

Though not specifically related to Apple’s NFT policy, the discussion could lead to future regulatory changes, thereby impacting Apple’s policies around NFTs and payments.

Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and other digital assets.

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Apple

Appleby Horse Fair cleanup begins as burnt-out van, huge mounds of rubbish & discarded tents pile up in field

News MESSY WEEKEND Appleby Horse Fair cleanup begins as burnt-out van, huge mounds of rubbish & discarded tents pile up in field Aerial shots of the campsite showed mounds of rubbish scattered across the field Sam Creed , General News Reporter Published: 11:31, 9 Jun 2025 Updated: 15:02, 9 Jun 2025 Sam Creed , General

MESSY WEEKEND

Appleby Horse Fair cleanup begins as burnt-out van, huge mounds of rubbish & discarded tents pile up in field

Aerial shots of the campsite showed mounds of rubbish scattered across the field

A HUGE clean-up operation has been launched in the aftermath of the popular Appleby Horse Fair.

Tents, burnt-out caravans and sofas were left behind by thousands of travellers who attended the six-day event in Appleby-in-Westmorland, Cumbria.

Burnt-out van at Appleby Horse Fair.

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Burnt-out vans were left behind by travellers following the eventCredit: LNP
Aerial view of litter left in a field after the Appleby Horse Fair.

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Horse-drawn carts and caravans left behind huge trails in the mudCredit: LNP
Rubbish and leftover doughnuts discarded on the grass after the Appleby Horse Fair.

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Leftover food and drink could be seen scattered around the fieldCredit: LNP

Aerial shots of the campsite showed muddy trails across the fields, which were lined with mounds of rubbish.

Stacks of discarded food and drinks could also be seen scattered around the area in the historic market town.

Grazing horses were pictured surrounded by toppled portable loos and cardboard boxes following the visitors’ departure.

Police tape and fences surrounded one burnt-out caravan on the campsite.

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BLAZE HORROR

Fire breaks out at Appleby Horse Fair engulfing stall and tent

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It comes after a fire broke out at the 340-year-old event on Saturday afternoon.

Shocking footage on social media showed smoke billowing into the sky as fire crews tackled the blaze.

Many attendees were forced to cover their faces with jumpers and coats to avoid inhaling the toxic smoke.

Stall holders then continued to dismantle their tents and tables next to the fire as it was slowly brought under control.

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During this time, police officers also formed a barricade in order to protect groups of people from getting close to the fire.

Cumbria Police confirmed that the cause of the fire was not being treated as suspicious.

Burned-out van surrounded by trash in a field.

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Black bags and rubbish lined the muddy trails around the siteCredit: PA
Mattresses discarded amongst rubbish in a field.

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It comes after a fire broke out at the 340-year-old event on Saturday afternoonCredit: LNP
Rubbish and discarded items left on the ground after the Appleby Horse Fair.

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It is estimated that 10,000 gypsies and travellers attend the annual eventCredit: LNP

The fair’s Multi Agency Strategic Coordinating Group (MASCG), which includes local police, confirmed that some 80 people were arrested at the fair this year.

The number is marginally higher than the 74 recorded last year.

A total of 123 arrests were made this year under the Appleby Horse Fair policing operation, including those made in the weeks building up to the event.

Gold Commander for Appleby Horse Fair, Detective Superintendent Dan St Quintin, said: “My officers have once again been on the front-foot and proactive in their efforts to make this event as safe as we can.

“The results of their efforts – and the goodwill of the vast majority of people in all communities – is fewer crimes recorded and a fair which has seen zero incidents of significant disorder or violent incidents.

Horse standing near discarded rubbish.

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Grazing horses were pictured surrounded by cardboard boxesCredit: LNP
Overturned portable toilet and litter at Appleby Horse Fair.

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Overturned portable toilets were among the rubbish left behind this morningCredit: LNP
Rubbish and discarded camping equipment left on a grassy field after the Appleby Horse Fair.

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The 340-year-old fair typically features traditional music and market stallsCredit: LNP

“I would like to thank all communities for this, whilst also paying tribute to my officers for their outstanding work in recent days and weeks, during challenging circumstances, including the extremely wet weather we saw on Saturday.”

It is estimated that 10,000 gypsies and travellers, as well as 30,000 other visitors, attend the fair each year.

The 340-year-old fair typically features traditional music, dancing, horse riding, market stalls and horse sales.

Horsemen and women have been seen riding their horses in the nearby River Eden as part of a long-held tradition.

Market stalls are also propped up across the tiny town – home to around just 3,200 people – selling a variety of traditional traveller goods and horse-related products.

Hundreds of campervans and horse-drawn carriages descend upon the rural town for the annual event.

RSPCA officers are also present, looking out for the welfare of the hundreds of horses that are exercised, bought and sold.

In 2020, it was cancelled due to the Covid pandemic, but huge crowds have returned to the event in recent years.

Aerial view of travellers queuing for a campsite.

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Hundreds of campervans descend upon the rural town for the eventCredit: NNP
Horses pulling wagons down a road.

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Families normally come from miles away to attend the 340-year-old fairCredit: NNP
Woman and horse wading in a river.

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Travellers ride horses in the nearby River Eden as part of a long-held traditionCredit: LNP
Topics
  • Horse racing
  • Social Media
  • Travellers
  • Cumbria

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IPhones made outside US will face tariffs, Trump warns Apple

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Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats U.S. President Donald Trump threatened a 50% tariff on all European Union imports and a 25% levy on imported Apple iPhones late Friday, sending markets tumbling. By Shaurya

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Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats

U.S. President Donald Trump threatened a 50% tariff on all European Union imports and a 25% levy on imported Apple iPhones late Friday, sending markets tumbling.

(TheDigitalArtist/Pixabay)

What to know:

  • Bullish crypto bets lost over $500 million as markets reacted to President Trump’s tariff threats.
  • Bitcoin’s price dropped sharply, leading to significant losses across the crypto market, including ether, Solana, XRP, and dogecoin.
  • The largest single liquidation was a $9.53 million BTC-USDT swap on OKX, highlighting market volatility and potential turning points.

Bullish crypto bets lost over $500 million in the past 24 hours as traders took profits and markets slid following President Donald Trump’s fresh threats of tariffs on European imports and Apple products, sparking a wave of liquidations.

STORY CONTINUES BELOW
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Bitcoin, which had been trading above $111,000, dropped quickly to around $108,600, wiping out intraday gains and rattling broader market sentiment.

BTC’s drop was mirrored across the crypto complex, with futures tracking ether (ETH), Solana’s SOL, xrp (XRP) and dogecoin (DOGE) showing losses from $30 million to over $100 million.

Bitcoin futures saw roughly $181 million in losses, while Ether futures accounted for nearly $142 million. Altcoins added another $100 million in liquidations, including notable wipeouts in SOL, DOGE, and XRP.

pic

The largest single liquidation was a $9.53 million BTC-USDT swap on OKX, CoinGlass data shows.

A liquidation occurs when an exchange forcefully closes a trader’s leveraged position due to the trader’s inability to meet the margin requirements.

Large-scale liquidations can indicate market extremes, like panic selling or buying. A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in market sentiment.

The pullback arrived just as bitcoin was gaining momentum on ETF inflows and growing institutional interest, leading some to expect a calm weekend.

Instead, volatility returned in full force. With the macro environment now destabilized by renewed trade war fears, traders may remain cautious heading into next week’s sessions.

Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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Shaurya Malwa

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