Mining Extensions to be Deleted from Google Chrome

From 02.04.2018, adding of new mining extensions to Google Chrome Extension store is prohibited; other will be banned by the end of June 2018
03 April 2018   919

The Internet giant Google announced on Monday, April 2, that from this day it bans adding of new cryptocurrency mining extensions to the Chrome Web Store, and after some time will remove all existing similar products. This is reported by TechCrunch.

As stated in the Google's blog, over the past few months there has been an increase in the number of malicious extensions that outwardly offer useful features, but they have built-in scripts for mining that work in the background without the consent of the owners of computers. Such scripts often consume significant resources and can adversely affect overall computer performance and power consumption. They are often aimed at XMR mining.

Browser mining can not be considered the most efficient way to mine bitcoin or other cryptocurrencies, but the Chrome extension store had them for a long time, provided that it is clearly stated in their description that they were created specially for these purposes.

However, 90% of these extensions don't meet mentioned criteria. A lot of developers built-in XMR mining scripts in pseudo-legitive extensions.

The extensions platform provides powerful capabilities that have enabled our developer community to build a vibrant catalog of extensions that help users get the most out of Chrome. Unfortunately, these same capabilities have attracted malicious software developers who attempt to abuse the platform at the expense of users. This policy is another step forward in ensuring that Chrome users can enjoy the benefits of extensions without exposing themselves to hidden risks.

James Wagner

Google’s product manager

As noted, some of these extensions are detected and removed almost immediately, but others still enter the store and they have to be deleted later.

To resolve this situation, Google from 02.04.2018 introduces a ban on adding any applications for the crypto currency, and by the end of June 2018, the existing Web extensions will be removed from the Chrome Web Store.

At the same time, blockchain-related extensions without mining functions won't be deleted.

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   429

The largest mining company Bitmain has submitted to the Hong Kong Stock Exchange (HKEX) listing application for an initial public offering (IPO), according to CoinDesk.

The application is a draft option, and some of its details, in particular the number of shares offered for sale and the immediate date of the IPO, are still in the process of editing.

Nevertheless, the document indicates that last year Bitmain's revenue was $ 2,517,719,000. This figure is higher than in 2016 ($ 277,612,000). As of June 30, 2018, the company's revenue was $ 2,845,467,000.

The application said that in 2017 the gross profit of the company was $ 1 212.7 million, which is also higher than in 2016 ($ 151,351,000).

Earlier, the head of Bitmain, Jihan Wu, expressed his indignation over the actions of the company's chief financial officer, who disclosed the figures for the first quarter 60 days after his end, and not after 90, as he had expected.

The media suggested that in the run-up to the IPO the publication of such information could have a negative effect on the company's investment attractiveness.

In addition, the document confirmed the media's information that Bitmain owns a 3% stake in Opera's Internet browser thanks to an investment of $ 50 million.

The application also indicates that the underwriters of the IPO are China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost & Sulliva