Apple ‘witch hunt’ burns VC-backed Bitcoin wallet at the stake

“This appears to be the first time Apple pulled the plug on an app with venture capital of this magnitude. Founded in June of 2012, the Y Combinator-backed Coinbase this May raised $6 million from Union Square Ventures, Adam Draper and others.  Then, in August, Coinbase and 21 other companies were subpoenaed in an effort to learn more about the Bitcoin, presumably with the end goal of figuring out how it can be regulated.  The company’s cofounder and CEO, Brian Armstrongtold TechCrunch he wasn’t sure why the app had been removed from the store, but that he’d reached out to Apple to try to figure it out.  In the meantime, the Coinbase remains available on Google Play.”

http://upstart.bizjournals.com/news/technology/2013/11/15/apple-removes-coinbase-from-store.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin