$ 20,511.00
$ 1,184.52
$ 0.999639
$ 0.466369
$ 0.333203
$ 1.00

Tim Cook Discloses His Crypto Portfolio and Apple Future Crypto Plans

While Tim Cook has his personal assets invested in cryptocurrencies, he says Apple will not be doing the same with company capital anytime soon. Nonetheless, apart from investments and payments, Apple is looking at other avenues for decentralization expansion.

To diversify his portfolio, Tim Cook, CEO of Apple has revealed that he has invested his personal savings into crypto.

Speaking in the New York Times’ Dealbook Conference, Tim Cook announced that he has invested in cryptocurrencies to diversify his portfolio, but has not disclosed which cryptocurrencies he owns.

In the spirit of discretion and the appeal of cryptocurrencies, Cook stated that, “I think it’s reasonable to own it as part of a diversified portfolio…I’m not giving anyone investment advice, by the way…I’ve been interested in it for a while. I’ve been researching it and so forth … I think it’s interesting.”

Even though Tim Cook would gladly make bold moves and take risks on personal investments in cryptocurrencies, it is because of the extremely volatile design of cryptocurrencies that Apple has no plans in the foreseeable future to invest its capital in cryptocurrencies.

Nonetheless, involvement with digital assets for purposes other than payments or investments is not a moot point because Apple is definitely exploring alternative ways of involvement in blockchain. While Tim Cook definitely is intrigued by non-fungible tokens (NFTs), he stated that it may be long before NFTs take on such a form that accessibility and engagement of the general public may become more mainstream.

Given the Apple Play Store’s history of crypto hoaxes, Apple is treading carefully around any substantial integration in the cryptocurrency industry. Apple was served with a class-action lawsuit during quarter three closing as a result of its careless screening method. The Diep Vs Apple class-action lawsuit was initiated after a fake program on Apple’s App Store, Toast Plus, masquerading as a cryptocurrency wallet, Toast Wallet, used phishing attempts to illegally XRP from users’ wallets by scamming them out of their crypto holdings.

In the lawsuit letter, it was stated that “this action is a class-action suit for damages under the federal and state laws of the United States, seeking legal remedy for the Defendant’s breaches of those same laws, in participating in and or allowing “hacking” and “breach” of financial account information and actual theft of personal financial assets, by authorizing a malicious application in the App Store and maintaining the same, despite knowledge of the criminal activity, and the Defendant’s further failures to notify Plaintiff and the Class Members that their financial information had been compromised.”

Also read: MasterCard Partners with 3 Crypto Firms in the Asia Pacific Region to Offer BTC Card Services

Also read:

Related News

Meta Continues With Its NFT Plans

Meta stated that its other cryptocurrency initiatives are proceeding according to schedule after announcing the end of its Novi project. Non-fungible tokens (NFT) have been developing for a while by the company. The Novi initiative, which enables remittances and international money transfers, will shortly be shut down, the company announced recently. According to the company, the project will no longer operate as of September 1. Users of Novi were informed

Read More »

Bitcoin’s Lightning Network Now Available for Argentina From OpenNode Partnership With Lemon Cash

OpenNode, a supplier for Bitcoin payments, has teamed with Lemon Cash, a well-known Latin American bitcoin wallet service. The wallet’s cooperation with OpenNode allows over 1 million Lemon Cash users to now access Bitcoin’s Lightning Network. “This partnership is yet another example of our capability and belief in Bitcoin as the new base layer for global payments… We’re proud to support Lemon’s mission and its desire to scale and benefit

Read More »
LuckyBlock is a worldwide game and competition platform with play to earn rewards using blockchain protocols. They have already given many prizes to the participants of the game.

Lucky Block Partners with Crypto Academy

Lucky Block has partnered with Crypto Academy, as we look forward to many updates and launches ahead.  Lucky Block has reached a partnership with Crypto Academy, the renowned Crypto Marketing Agency, and Informational and Educational portal. With an incredible success rate in helping cryptocurrency-focused startups grow in the industry, the partnership with Crypto Academy is a stepping stone in the exciting journey ahead for Lucky Block. LuckyBlock is a worldwide

Read More »

My Coins

$ 20,511.001.6%
$ 1,184.524.26%
$ 0.4663692.36%
$ 0.9996390.08%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy


Contact Us

For any question conatct us through:

Disclaimer: All information and materials on this website are for educational purposes only. does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: