Apple Store Bans Use Of NFTs To Unlock Additional Features Or Content – October 25

๐Ÿ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:ย $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 ๐Ÿ”ฅ

๐Ÿ‘‰ Apple Store Bans Use Of NFTs To Unlock Additional Features Or Content

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.

๐Ÿ‘‰ UK Lawmakers Vote To Recognize Crypto As Regulated Financial Instruments

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.

๐Ÿ‘‰ New Stablecoin Aims To Track The Cost Of Living, Pegged To Inflation

Laguna Labs has launched a new inflation-tracking stablecoin on its test network โ€“ 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 dataโ€ and was inspired by discussions from large players such as Brian Armstrong, Vitalik Buterin and others.