US Supreme Court Denies Hearing Apple vs. Epic Games Antitrust Case
According to Decrypt, the U.S. Supreme Court has denied hearing the Apple vs. Epic Games antitrust case, effectively maintaining Apple's current App Store fees and allowing developers to direct users to external payment methods. The decision also permits Apple to keep its App Store as the only one available to iOS users. Epic Games CEO Tim Sweeney expressed disappointment with the outcome, stating that the court battle to open iOS to competing stores and payments is lost in the United States. However, he noted that iOS app developers can now include buttons and links directing users to external purchases outside of the App Store.
Apple's App Store is the only way for iOS users to download new applications, with Apple taking a 30% cut of any in-app purchases or app sales. Epic Games, publisher of Fortnite and creator of the Unreal Engine game development platform, attempted to find a workaround in 2020 to avoid the "Apple tax." The Supreme Court's decision allows the Ninth Circuit's rulings to go into effect, enabling iOS developers to suggest alternative payment methods outside of the App Store, potentially resulting in billions of dollars in lost revenue for Apple. However, the App Store's 30% in-app purchase tax remains in place in the United States.
Hong Kong Virtual Asset Rating Agency Announces Index Adjustments
According to Foresight News, the Hong Kong Virtual Asset Rating Agency (HKVAC) has announced the results of index adjustments for the HKVAC Core Index and HKVAC Market Index, which will take effect from January 19th. The HKVAC Global Large Cryptocurrency Index has added ICP, NEAR, OP, INJ, and IMX, while removing TUSD, BUSD, HBAR, FIL, and MKR. The HKVAC Large Cryptocurrency Index has added ICP, NEAR, OP, INJ, and IMX, while removing MKR, LDO, MNT, QNT, and ARB.
The HKVAC Global Large Cryptocurrency Top 5 Index and Weighted Index will add SOL, replacing XRP. The HKVAC Global Large Cryptocurrency Top 10 Index and Weighted Index will add AVAX, replacing TRX.
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