Wednesday, 26 September 2018
Latest news
Main » Apple bans cryptocurrency mining on iPhones and iPads

Apple bans cryptocurrency mining on iPhones and iPads

12 June 2018

Bad news, Safari users: Apple is breaking all directly downloaded.safariextz extensions with the release of Safari 12 later this year.

Since the App Store is virtually the only place to acquire software for iPhones, iPads, iPod touches, Apple TVs, and Apple Watches, Apple's decision will effectively end crypto mining on those devices.

The Cupertino-based firm has updated its rules for publishing apps on the App Store and has specially mentioned cryptocurrency-related apps. No apps may mine crypto, unless they process that mining off the device, like in cloud-based mining. The section also bans apps and any third-party ads from running "unrelated background processes, such as cryptocurrency mining".

Instead, the iPhone-maker is encouraging developers to embrace its new Safari App Extensions platform which was introduced back in 2010.

Hawaii volcano: Kilauea crater rocked by 5.5 magnitude quake
Hawaii Volcanoes National Park spokeswoman Jessica Ferracane said there were several earthquakes at the summit early this morning. It won't look like the farmland that dominates that region of the Big Island anytime soon.

Apple additionally wants to ensure the seriousness of Initial Coin Offerings, cryptocurrency futures trading, and other crypto-securities or quasi-securities trading.

Speaking to CCN at the time, Jaxx CEO Anthony Di Iorio revealed Apple had stuck to approving a select six cryptocurrencies, namely: Bitcoin, Ethereum, Dogecoin, Litecoin, Ripple and the then DAO token.

Six months after crypto exchange Coinbase's app became the number one trending app on the App Store, Apple has now apps to provide wallet services under a caveat. Next, Apple plan on allowing cryptocurrency exchange applications and they even want to allow apps that facilitate initial coin offerings (ICO's), providing they comply with local laws. The company took this step after hidden cryptocurrency mining has become the most popular cybercrime trend among malware developers this past year.

Making its position clear " Purchasing and Currencies 11.17 Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions".

Apple bans cryptocurrency mining on iPhones and iPads