Coinbase Reaches Top of the Free App Charts on the US App Store Amid Bitcoin Surge

Discussion in 'iOS Blog Discussion' started by MacRumors, Dec 8, 2017.

  1. MacRumors macrumors bot

    MacRumors

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    #1
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    Bitcoin exchange Coinbase watched its iOS app surge to the top of the free apps chart in Apple's App Store yesterday, amid a speculative frenzy surrounding the blockchain cryptocurrency.

    Bitcoin prices on Coinbase's GDAX exchange flew past $16,000 to almost $20,000 in around 90 minutes on Thursday, reported Bloomberg, extending its record-breaking run and causing the software to crash and the service's website to go down intermittently in the process. The digital currency fluctuated during a turbulent Asian session, before falling back to about $16,000.

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    The rise and rise of bitcoin has brought it into the mainstream in the last few weeks, but many observers are warning that the cryptocurrency could be a bubble. Investors have also been reminded of the dangers of hackers, after bitcoin mining marketplace NiceHash lost $64 million in BTC following a "sophisticated and professional attack".

    Apple has had its own problems with cryptocurrencies in the past. In August 2016, the tech giant had to remove several fake bitcoin wallets from the App Store after users of the digital currency were scammed out of thousands of dollars.

    For anyone interested in observing the hourly fluctuations of bitcoin while maintaining a safe distance, free app CoinHub offers real-time quotes and up-to-date cryptocurrency news all within an impressive-looking dark-themed dashboard. [Direct Link]

    Article Link: Coinbase Reaches Top of the Free App Charts on the US App Store Amid Bitcoin Surge
     
  2. JosephAW macrumors 68020

    JosephAW

    Joined:
    May 14, 2012
    #2
    Just last month I tried to download two completely different MacOS Bitcoin applications from macupdate.com and after the DMG files downloaded my antivirus gave me an alert both times that the files were infected and it deleted the downloads.
    If the MacOS community files are infected you can imagine how much more the Windows community.
    It's only a matter of time that some clever hacker infects an Apple App Store and iOS App Store with some type of root crack.
     
  3. Krayzkat Suspended

    Joined:
    Apr 22, 2011
    #3
    like entering a blank password?
     
  4. haruhiko macrumors 601

    haruhiko

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    Sep 29, 2009
  5. blackcrayon macrumors 68000

    Joined:
    Mar 10, 2003
    #5
    Still going to be really difficult on iOS. Almost akin to a userland instant jailbreak. Then again, there would be monetary incentive that the current jailbreak teams might not have...

    But the beauty of potentially world-changing disruptive technology. It's going to have a rough start but let's see where we are in five years.
     
  6. 960design macrumors 68030

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    Destin, FL
    #6
    Too soon.... just, too soon.
    --- Post Merged, Dec 8, 2017 ---
    Possibly the money of the future world.
     
  7. riverfreak macrumors 65816

    riverfreak

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    Thonglor, Bangkok
    #7
    Who needs root when you can build fake crytpocurrency wallet apps and have people just give you money?
     
  8. Naaaaak macrumors 6502

    Joined:
    Mar 26, 2010
    #8
    Did you report the infections? That’s pretty bad they are on MU.

    Also, MacUpdate was bundling some stupid installer around apps for a while (pure cancer). Not sure if they still are.
     
  9. makr macrumors regular

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    Feb 16, 2016
    #9
    Do you understand cryptocurrency?
     
  10. scrapesleon macrumors 6502a

    scrapesleon

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    #10
    Back in the days the only person that use bitcoin was hackers soon time to cash out its getting out of hand
     
  11. riverfreak macrumors 65816

    riverfreak

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    #11
    Yes. Thanks. You?
     
  12. whtrbt7 macrumors 65816

    Joined:
    Jun 8, 2011
    #12
    Until cryptocurrency stabilizes with actual reputable banking entities and parity with worldwide currencies, it’s still a gamble. Cryptocurrency is good for its base technology but all of the other crap that is on top of it leads to its ultimate downfall. I think Coinbase is on the right track but after $230 million in investment and they still have problems with the calcs for currency parity, it’s not really reassuring. Bitcoin is hot right now but litecoin I think will have a surge soon. I’m still freaked out by having the hashes accessible the way they are.
     
  13. makr macrumors regular

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    Feb 16, 2016
    #13
    Not much, is it possible to do what you say, creating a fake wallet with money in it?
     
  14. Amacfa macrumors 68000

    Amacfa

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    D.C.
    #14
    No, he completely made it up. That is impossible.
     
  15. gnipgnop macrumors 65816

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    Feb 18, 2009
    #15
    It's not currency. It's a speculative commodity, thus the crazy ups and downs and value that has no real connection to the economy as a whole.
     
  16. miniyou64 macrumors 6502a

    miniyou64

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    #16
    Haha yeah freedom is the worst. What’s so bad about freedom again?
     
  17. riverfreak macrumors 65816

    riverfreak

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    #17
    Perhaps take up your argument with the author of the article.
     
  18. OldSchoolMacGuy Suspended

    OldSchoolMacGuy

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    Jul 10, 2008
    #18
    It's most likely the MacUpdate installer. I always go to the developer site to download because that installer is cancer as you said.

    MacUpdate is garbage too. They scrape their data from other sites. Sadly, they're the only one left other than Download.com Years ago VersionTracker was king and MacUpdate just scraped all their app releases from them (we tested to confirm this numerous times by submitting only to VT and it would appear right after on MU without submitting). CNET purchased VT long ago and after a while integrated it into download.com and shuttered it.
     
  19. tkukoc macrumors 65816

    tkukoc

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    Wish I Was In Space!
    #19
    I'm all for tinkering and trying new things.. but this is one I wouldn't touch. You can lose quite quickly.
     
  20. mariusignorello macrumors 68000

    Joined:
    Jun 9, 2013
    #20
    Right now Bitcoin is in the stage where the visionaries will take action (and profit :)) and the naysayers will shrug it off and worry about bugs (therefore getting the short end of the stick by choice).

    Like a startup, there is risk. The ones who want to make it big know how to mitigate the risk.
     
  21. canadianreader macrumors 6502a

    canadianreader

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    Sep 24, 2014
    #21
    Why is it bothering you ?
     
  22. gavroche macrumors 65816

    gavroche

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    Oct 25, 2007
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    Left Coast
    #22
    I tried creating an account for several months. I wanted a way to fund poker site account. Still havent ever gotten it running. Took over a month to get the proper country set (because of vpn ot thought i was in wrong country). And ever since i cant ever get it to verify ID. In all the time ive been trying... price of Bitcoin has like tripled almost.
     
  23. Naaaaak macrumors 6502

    Joined:
    Mar 26, 2010
    #23
    VT was a great site. Download.com was always crap. After the buyout they changed nothing and remained crap.

    MacUpdate (used to? still does?) read app Sparkle feeds. Though I also see them catch updates on some apps like VLC before those apps update their Sparkle feeds.

    What other sites like MU still exist? Seems like it's a search engine or the App Store for app discovery.
     

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22 December 8, 2017