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Over 540,000 apps wiped from Apple App Store in Q3 reaching lowest number in 7 years

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The App Store remains a crucial segment in Apple’s (NASDAQ: AAPL) business line; hence the number of applications on the platform has emerged as a critical metric to track. Over the years, the apps on the App Store have fluctuated marginally, but the recent quarter highlights an accelerated drop in apps. 

In particular, according to data acquired by Finbold, the number of apps in the Apple App Store hit a seven-year low during 2022 Q3 to stand at 1,642,759. The value represents a drop of 541,697 or 24.79% from the 2,184,456 registered during Q2 2022. The last time the number of apps was this low was during Q3 2015 at 1,672,271.

Elsewhere, regarding the number of apps on leading app stores globally as of Q3 2022, Google Play Store ranks top at 3,553,050 while App Store ranks second at 1,642,759. Amazon (NASDAQ: AMZN) Appstore has the third highest number of applications at 483,328. 

Policy changes trigger a drop in App Store apps 

It is worth noting that removing apps from the App Store is a perennial practice initiated by Apple as part of maintaining quality on the platform. However, the recent spike in removed apps can be attributed to several decisions by the company to improve user experience. 

In this case, in April 2022, the company notified developers that it was rolling out a plan to remove old apps that had not been updated for some time. The directive saw developers directed to make updates within 30 days or risk removal from the platform. 

Previously, Apple had not set any timeline for removing apps, but the recent update stressed that cleaning the App Store is an ongoing process and will evaluate apps, removing apps that no longer function as planned, don’t adhere to reviewed guidelines, or need to be updated.

Notably, the policy has received a lot of criticism, with developers arguing that the old apps should continue to exist on the platform as long as they are still functional. For instance, gaming developers maintain that the apps should be treated as old video games that remain playable on consoles.

At the same time, in recent months, the App Store has become a center of controversy with reported scams and fraudulent applications existing on the platform. In this case, the company resorted to removing virus-scanning apps, app clones, and other low-quality apps cluttering the App Store, with Apple maintaining that the App Store offers a safe experience for users. 

Overall, removing apps aligns with Apple’s long-standing policy of curating the App Store to eliminate apps that routinely fail to adhere to set standards. 

App Store drop in revenue

Interestingly, the drop in the number of apps has also correlated with a period in which the App Store registered one of the significant declines in revenues during 2022 Q3. Notably, the revenue plunge was also witnessed from the gaming apps that are crucial to the store’s financial performance.

In the meantime, Apple continues to explore the App Store as a possible strategic source of revenue through some decisions that have been deemed unpopular, like increasing app purchases, in-app purchases, and subscriptions from the App Store.

Elsewhere, the App Store trails the Google Play Store in the number of applications driven by factors like a larger Android market than iOS devices. Also, developing Android apps is cheaper since developers do not need significant resources. At the same time, approval for publishing apps on the Play Store is less cumbersome.

App Store future outlook  

At the same time, the outlook of the App Store is likely to be impacted in the future, especially with regulators increasingly cracking down on the company’s market dominance. This is highlighted by a recent European antitrust law that aims to allow users to install software applications from third parties.

In general, the number of apps removed from the App Store will likely increase, especially with the company targeting specific sectors. For instance, Apple recently clarified its rules for apps affecting cryptocurrencies and non-fungible tokens (NFTs). For crypto exchanges, Apple’s policy indicates that the apps may facilitate transactions or transmissions of cryptocurrency on a regulated exchange. However, such apps can only be offered in regions with licensing and permission to operate a business.

The post Over 540,000 apps wiped from Apple App Store in Q3 reaching lowest number in 7 years appeared first on Finbold.

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TronBank Positions Itself as a Yield-Focused DeFi Hub on TRON

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TronBank is emerging as a growing decentralized finance platform within the TRON ecosystem, aiming to combine on-chain banking functions with yield generation tools. As activity across TRON-based DeFi continues to expand, TronBank is positioning itself as an access layer for users seeking passive income, capital efficiency, and simplified interaction with decentralized financial products.

Built on the TRON blockchain, TronBank focuses on speed, low transaction costs, and accessibility—core attributes that have helped TRON remain a popular network for retail-focused DeFi use cases. The platform’s design reflects a broader trend within DeFi toward protocol-level financial services that resemble traditional banking, while remaining non-custodial and transparent.

TronBank’s Role in the TRON DeFi Ecosystem

At its core, TronBank functions as a DeFi banking protocol, offering users tools to deploy capital into yield-generating strategies native to the TRON network. Rather than positioning itself as a single-purpose application, TronBank aims to serve as an integrated financial layer where users can manage assets, earn yield, and interact with DeFi products through a unified interface.

The protocol benefits from TRON’s infrastructure advantages, including fast block times and minimal fees, which reduce friction for frequent on-chain interactions. This makes TronBank particularly suited for users who prefer active yield strategies without the high costs often associated with Ethereum-based DeFi platforms.

Yield Generation and Token Utility

TronBank’s ecosystem revolves around its native token, which plays a central role in governance, incentives, and platform utility. Token holders may benefit from protocol-driven rewards, participation in ecosystem decisions, and potential fee-sharing mechanisms, depending on the platform’s evolving economic model.

Yield opportunities on TronBank are structured to appeal to both conservative users seeking steady returns and more active participants pursuing higher-yield strategies. By focusing on sustainability rather than short-term incentives, the platform appears to be aligning itself with longer-term DeFi participation rather than speculative farming cycles.

This approach reflects a broader shift in DeFi, where protocols are increasingly emphasizing capital efficiency, risk awareness, and predictable returns over aggressive emissions.

Security, Transparency, and User Focus

Security remains a critical factor for DeFi adoption, particularly for platforms positioning themselves as financial infrastructure. TronBank emphasizes on-chain transparency and non-custodial asset control, allowing users to retain ownership of funds while interacting with smart contracts.

While DeFi platforms across the industry continue to face scrutiny over risk management, TronBank’s positioning within the TRON ecosystem may benefit from the network’s established user base and stable transaction environment. As always, users are expected to evaluate smart contract risk independently when engaging with decentralized protocols.

Why TronBank Is Gaining Attention

TronBank’s growing visibility reflects increasing demand for DeFi products tailored to high-throughput, low-cost blockchains. As capital continues to flow into alternative Layer 1 ecosystems, platforms like TronBank stand to benefit from users seeking efficiency without sacrificing functionality.

By framing itself as a decentralized banking layer rather than a single-feature DeFi application, TronBank is tapping into a narrative that resonates with both retail users and yield-focused participants. If adoption continues, the platform could become a notable component of TRON’s broader DeFi landscape.

As decentralized finance matures, protocols that combine usability, cost efficiency, and sustainable incentives are likely to define the next phase of growth. TronBank’s development trajectory suggests it is aiming to be part of that evolution.

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New X Location Feature Triggers Kidnapping Fears and Racism Across the Crypto Community

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The social media platform owned by Elon Musk has implemented a mandatory update revealing the region or country of every user, generating an immediate and negative backlash. This new X location feature, recently activated, has provoked an alarming rise in hate speech and set off alarms regarding the physical safety of investors. Nikita Bier, the company’s Head of Product, defended the measure asserting it is a crucial step to secure the integrity of the “global town square” and verify content authenticity.

 

The update, known as “About This Account,” automatically displays the geographic location based on IP address and other registration data on every user’s profile. Although the company argues this helps combat misinformation and bot activity, the reality for many has been quite different. The tool cannot be fully disabled, forcing users to reveal at least their general region, eliminating a layer of anonymity that many considered vital.

Is transparency endangering the lives of digital investors?

The social impact was instantaneous and toxic. Hundreds of accounts began reporting targeted harassment based on their nationality, with xenophobic insults flooding timelines. Prominent figures in the sector, like 0xMarioNawfal, strongly condemned this trend, noting that mocking people from India, Pakistan, or Nigeria for their origin reveals an unacceptable lack of ethics. This shift has fractured the meritocracy that used to characterize tech discussions, replacing it with harmful regional prejudices.

However, the consequences go beyond verbal insults. In the world of cryptocurrency, where wealth is digital but holders are physical, forced geolocation presents a tangible risk. Security experts warn that this exposure facilitates the work of criminals seeking targets for extortion or kidnapping. By knowing the approximate location of large asset holders, criminals can narrow their search radius, putting individuals who were previously protected by pseudo-anonymity in real danger.

Is sacrificing personal safety worth it to reduce bots?

The digital financial community has reacted with urgency, advising users to change their settings from “country” to “region” to mitigate the precision of the exposed data. The investor known as Beanie warned that this move is “terrible” given current security risks, especially with the recent history of violent incidents targeting crypto holders. The elimination of geographic anonymity weakens the primary defense against malicious actors operating in the physical world.

Looking ahead, the tension between the platform’s vision of transparency and users’ need for privacy seems destined to escalate. While X seeks to clean its ecosystem of fake accounts, it might be unintentionally driving away legitimate and valuable users who prioritize their personal safety. We are likely to see an exodus toward platforms that guarantee greater privacy or the massive use of VPNs to spoof these new mandatory location tags involving blockchain users.

The post New X Location Feature Triggers Kidnapping Fears and Racism Across the Crypto Community appeared first on The Cryptocurrency Post.

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Elon Musk’s AI projects Bitcoin at $120,000 after second Fed rate cut

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Grok, Elon Musk’s artificial intelligence, projects new momentum for Bitcoin and XRP. This forecast comes after the U.S. Federal Reserve (Fed) announced its second consecutive rate cut. The decision seeks to stimulate the slowing economy, moving the federal funds range to 3.75%-4%. Grok’s prediction on Bitcoin and XRP suggests a favorable scenario.

The Federal Reserve approved the rate reduction with a 10-2 majority vote. The objective is clear: to curb the employment slowdown in the country. Historically, this type of expansionary monetary policy benefits risk assets. Immediately after the announcement, Bitcoin showed volatility. It briefly fell to $110,000 but managed a slight recovery above $110,600.

Grok’s prediction on Bitcoin and XRP is not isolated. Market analysts support this optimistic view. Improved global liquidity and rate cuts are key factors. Furthermore, institutional inflows into spot ETFs for Bitcoin continue to be robust. According to data from Farside Investors, these funds hold over $60 billion in assets. Figures like Michael Saylor project Bitcoin between $150,000 and $200,000 by 2025.

How high can BTC and XRP go according to artificial intelligence?

Grok’s analysis estimates an 8% rise for Bitcoin in the coming days. The projection for November places BTC at the $120,000 level. However, caution remains if Fed Chair Jerome Powell adopts a conservative tone. For XRP, the forecast is also positive. The AI detects that XRP is more sensitive to changes in interest rates. This is due to its use in cross-border payments. Grok projects that XRP could reach $3, a 14% rise by November.

The rate cut fosters a positive scenario for the digital economy. The AI forecasts reinforce a narrative of a moderate bull cycle. This cycle is supported by macroeconomic fundamentals and growing institutional interest. Nonetheless, AI projections face inherent limitations. Models cannot reliably anticipate unexpected regulatory events. Therefore, every strategy must be supplemented with research and responsible risk management.

The post Elon Musk’s AI projects Bitcoin at $120,000 after second Fed rate cut appeared first on The Cryptocurrency Post.

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