•   
  •   

Tech & Science Apple bans mining cryptocurrency on iPhones

04:30  12 june  2018
04:30  12 june  2018 Source:   businessinsider.com.au

Apple’s WWDC 2018: Here’s what to expect

  Apple’s WWDC 2018: Here’s what to expect Wondering what to expect at Apple’s WWDC event later today? Let’s start with the most obvious stuff first. iOS 12 is expected to be announced today, but it’s mostly going to bring stability and performance improvements, some health and parental control features, a revamped iBooks experience for reading ebooks, and some ways to cut down on how much time you spend on your phone.

Apple bans mining cryptocurrency on iPhones . Apple has a clear message for cryptocurrency enthusiasts: Don't mine it on our devices. It's a new rule included in the latest version of Apple 's App Store policies, released last week as part of the company's annual developer conference.

Not that anyone would seriously use an iPhone to mine cryptocurrencies . Anyhow, Apple has updated its App Store Review Guidelines to explicitly ban the mining of cryptocurrencies on its iOS devices. An updated clause 2.4.2 now reads

  Apple bans mining cryptocurrency on iPhones © Alexander F. Yuan/File/AP Photo Apple has a clear message for cryptocurrency enthusiasts: Don't mine it on our devices.

It's a new rule included in the latest version of Apple's App Store policies, released last week as part of the company's annual developer conference.

The ban couldn't be clearer. From section 2.4.2, "hardware compatibility," emphasis ours:

Design your app to use power efficiently. Apps should not rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources. Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining.

This map shows how much the iPhone 7 costs around the world

  This map shows how much the iPhone 7 costs around the world Two years ago, the newly-unveiled iPhone 7 represented the pinnacle of Apple's smartphone design. Two years ago, the newly-unveiled iPhone 7 represented the pinnacle of Apple's smartphone design.

Apple has added new language to its App Store review guidelines related to cryptocurrency . Under the Hardware Compatibility section, Apple now states that "apps In addition, apps may not mine directly for cryptocurrencies , unless the mining is performed in the cloud or otherwise off-device.

The newest version of Apple 's App Store rules prohibits cryptocurrency mining . Unscrupulous programmers have sneakily inserted software that mines cryptocurrency in unrelated advertisements and apps.

Most Bitcoin and cryptocurrency miners use specially designed chips, purpose-built to process the complicated maths that underpins the technology, which are often housed in giant data centres.

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. If enough people used that app, then that could add up to real money for the shady developer.

The iPhone 7.© Apple The iPhone 7. That's actually what happened in the case of an app called Calendar 2, according to Apple Insider. There are also lots of examples of advertisements mining cryptocurrency in browsers like Google Chrome on the desktop.

Apple issues new App Store rules aimed at streaming PC-based games

  Apple issues new App Store rules aimed at streaming PC-based games Apple Inc on Monday issued new review guidelines for its lucrative App Store platform, after it moved to block plans by Steam, the biggest distributor of PC-based video games, to extend its reach into iPhones and iPads.Apple uses the guidelines to decide which apps can appear in the App Store. Apple now explicitly says apps cannot host anything that looks like an app store within an app or give users the ability to "browse, select, or purchase software not already owned or licensed by the user.

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 Apple allows apps like Coinbase and Robinhood to enable users to trade Bitcoin, Ethereum, and other cryptocurrencies , so it’s not a complete ban

Apple bans mining cryptocurrency on iPhones . Apple has a clear message for cryptocurrency enthusiasts: Don't mine it on our devices. It's a new rule included in the latest version of Apple 's App Store policies, released last week as part of the company's annual developer conference.

Because the App Store is the only way for most people to install software on their iPhones, Apple's new rule also suggests that there may not be any purpose-built apps to mine cryptocurrency either - not that any of these apps would really make any money for users. Mining tokens on an iPhone would simply destroy its battery and make it heat up.

Apple also has an existing section addressing cryptocurrency apps on its App Store that's been in place since about 2014. Apple allows apps like Coinbase and Robinhood to enable users to trade Bitcoin, Ethereum, and other cryptocurrencies, so it's not a complete ban on mobile crypto.

Here's that section of the rules:

3.1.5 (b) Cryptocurrencies:

(i) Wallets: Apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organisation.

(ii) Mining: Apps may not mine for cryptocurrencies unless the processing is performed off device (e.g. cloud-based mining).

(iii) Exchanges: Apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself.

(iv) Initial Coin Offerings: Apps facilitating Initial Coin Offerings ("ICOs"), cryptocurrency futures trading, and other crypto-securities or quasi-securities trading must come from established banks, securities firms, futures commission merchants ("FCM"), or other approved financial institutions and must comply with all applicable law.

(v) Cryptocurrency apps may not offer currency for completing tasks, such as downloading other apps, encouraging other users to download, posting to social networks, etc.

Hackers hit South Korean cryptocurrency exchange Bithumb, bitcoin falls .
South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange to suffer the fate in just over a week as cyber thieves exposed high risks of trading the digital asset. Bithumb said in a notice on its website on Wednesday that it has stopped all trading after ascertaining "some cryptocurrencies worth about 35 billion won has been seized between late yesterday and early morning today."The exchange, the sixth busiest in the world according to Coinmarketcap.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!