Opera Launches Mining Protection in Mobile Browsers

Opera's protection against cryptocurrency mining scripts is already available, and the browser can be downloaded from the Google Play or the App Store
22 January 2018   1326

Opera web browser announced on January 22 that it launches protection against cryptocurrency mining scripts to its mobile browsers. Opera has already introduced the feature to its desktop products called NoCoin.

The new anti-cryptocurrency mining feature is activated by default when enabling the ad blocker on Opera Mini and Opera for Android. The ad blocker can be enabled in “Settings”, and it will automatically detect and stop the mining scripts written into the coding of a webpage.

Opera mining protection

According to the company, more than a billion people worldwide is estimated to be affecting hidden cryptocurrency mining scripts, causing their devices to run warm, become slower and eat up their batteries.

When you browse the web, there are no visual clues that your device is exposed to mining. A single webpage you visit can take up to 4.5 hours of your battery time, if you keep the tab open. This often turns out to be just the battery time you needed to use a ride-hailing app or check the map to get home.

 

Jan Standal

VP Product Marketing, Opera

After several tests of the Opera browsers for smartphones performed on Samsung Galaxy S8 and HTC One, developers at Opera determined that scripts mining for cryptocurrencies can increase the smartphones’ CPU usage up to 100%. This can cause increased battery draining and make the phone overheat.

According to the company, Opera's new feature is already available, and the browser can be downloaded from the Google Play or the App Store.

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   436

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