Apple Blocks Crypto Mining Apps On Its Products

A man walks past an electric board showing exchange rates of various cryptocurrencies including Bitcoin at a cryptocurrencies exchange in Seoul South Korea

Apple just released a new set of guidelines for iOS app developers, with a number of changes that impact the world of cryptocurrency. The rules appear to be an attempt to nip any kind of "crypto-jacking", an increasingly common scam that hijacks a small portion of a users' device to mine cryptocurrency without them realizing.

The company went further than simply prohibiting mining elsewhere in its new guidelines by including other new rules pertaining to cryptocurrency. As per Apple Insider, Apple's crypto-related guidelines were originally created in 2014 after the app store unlisted Coinbase and other cryptocurrency apps stating some unresolved issue.

Cloud-based mining allows the user to take advantage of a shared processing power which is generally run from data centers.

In the Library tab, you can peruse your full collection of books with large, easy-to-see cover art, including the books downloaded to your device and a Finished section showcasing the books you have read in the past and the date you finished them, displayed in a timeline. It should be noted that the upcoming smartphones such as HTC Exodus and the Sirin Finney that support Blockchain will also not be able to have power to handle cryptocurrency mining. It can generate excessive heat and put a serious strain on the resources of a device - all the things Apple wants to restrain.

Draymond Green once again trolled LeBron James at the Warriors championship parade
But, he confirmed he will remain in Golden State at multiple points during the regular-season and most recently a couple days ago. Ed Davis - a rebounding machine that has tormented the Warriors as a member of the Blazers in recent years.

It's also worth noting that Apple's move explicitly targets apps intended for cryptocurrency mining and others which drain your device's battery rapidly.

Addressing the rising frauds with the unregulated initial coin offering-based (ICO) fundraising technique, Apple is now only allowing apps from established banks, securities firms, futures commission merchants ("FCM"), or other approved financial institutions.

The iPhone isn't a great cryptocurrency miner, especially compared to special mining machines, but that doesn't mean that a surreptitious app couldn't mine tokens like Monero in the background.

Featured image from Shutterstock.

Related News:

13 June 2018

Kilauea Maps, Videos, Show Lava Entering the Ocean
Lava from the Kilauea volcano continues to erupt from a fissure and forms a river of lava flowing down to Kapoho. The lava is "enough to cover Manhattan 6.5 feet deep" and fill 11.3 million average dump trucks, it said.

12 June 2018

Andrew Garfield dedicates Tony Award to LGBT community
Listen to Newsbeat live at 12:45 and 17:45 every weekday on BBC Radio 1 and 1Xtra - if you miss us you can listen back here. It is a spirit that says no to bigotry, no to shame, no to exclusion.

12 June 2018

Senator Susan Collins (R-ME) Defends Canada as Trump Launches More Attacks
I think that Trudeau has tried the right thing, he's been trying to use flattery and befriend Trump. That Canada could be considered a national security threat to the United States is inconceivable".
13 June 2018

Trump endorses GOP Rep. Mark Sanford's primary challenger
Voters then choose which candidate from that specific party they want to represent that party in November's general election. Some Democrats are upset that the Democratic Congressional Campaign Committee has already backed Luria before the primary.

13 June 2018

U.S. can no longer take allies' support for granted after G-7
Trump tweeted Saturday, June 9, evening while en route to Singapore aboard Air Force One. Trudeau Tuesday at a news conference in Singapore after meeting with Mr.

E3 2018: Just Cause 4 Shown Off In Detail By Square Enix
Improved destruction and physics models are core to Just Cause 4 and an dynamic "extreme weather" system shows this off. Could there be more about Final Fantasy XV? Actual footage of Square Enix killing our hype at their press conference.
12 June 2018

Anthony Bourdain funeral plans on hold
Navarro previously opened about his mother's murder at the hands of an estranged boyfriend when he was just 15 years old. Another commented: 'Not at all what I expected, but then I shouldn't be surprised because she is Anthony's daughter.

12 June 2018

Canadian leaders oppose Trump proposal to reinstate Russian Federation in G7
Many very important matters of global diplomacy were probably discussed at the Group of 7 summit meeting over the weekend. MarketWatch has pointed out that Trump has significantly overstated the USA trade deficit with the EU.

12 June 2018

Iranian President slams U.S. for withdrawing from nuclear deal
Trump and Putin have spoken by phone eight times, according to readouts distributed by the White House. Despite this, Putin also said Sunday he's ready to meet with Trump, "as soon as the US side is ready".
13 June 2018

Tesla cuts 9 percent of workforce in bid to post profit
Most employees assigned to Home Depot positions will have the option to move to Tesla's retail stores, says Musk. Musk said the layoffs won't affect production of the Model 3 , since no production associates are being be cut.

13 June 2018

USA judge clears AT&T merger with Time Warner
Waiting in the wings are potential big-billions deals involving 21st Century Fox and Disney, Verizon and CBS, T-Mobile and Sprint. In after-market trading following the ruling , shares of Time Warner rose almost 5 percent and AT&T shares fell 1.6 percent.

Grandmother drove with 2 children locked in dog kennels, police say
Temperatures climbed well into the 90's in Memphis on Saturday and the children, aged 7 and 8, said the kennels grew quite hot. They said their grandmother told them to sit in the kennels because there was no room in the trunk.