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   1222

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.

SoftBank to Sell $3.4B Worth Nvidia Shares

Nvidia's shares lost price significantly due to crypto mining popularity decrese, experts says
07 February 2019   150

Vision Fund, the investment division of Japanese media corporation SoftBank, last month sold shares of Nvidia, a manufacturer of video cards popular among the miners, for $ 3.6 billion. This is reported by CNBC.

The decision to sell shares to Nvidia was made after a significant reduction in their exchange rate. The market value of the company's securities fell by about half during the last quarter of last year.

According to experts, the decline in the company's capitalization is largely due to the sharp decline in the popularity of cryptocurrency mining.