Google bans cryptocurrency mining extensions
In a string of bad news for Bitcoin, Google bans cryptocurrency mining extensions on its Chrome browser platform. They have made it abundantly clear today that they will not allow any more cryptocurrency mining extensions be published on their web store, and that any current extensions have a very short shelf life. July, to be exact.
Details of the ban
According to the tech giant, mining operations were allowed via their chrome extension format as long as they were dedicated to mining and were transparent about their process, but it appears as though the vast majority of extensions on the market were flouting this stipulation, which as lead to their subsequent removal.
“Until now, Chrome Web Store policy has permitted cryptocurrency mining in extensions as long as it is the extension’s single purpose, and the user is adequately informed about the mining behaviour. Unfortunately, approximately 90% of all extensions with mining scripts that developers have attempted to upload to Chrome Web Store have failed to comply with these policies, and have been either rejected or removed from the store,” read an official blog post.
“The key to maintaining a healthy extensions ecosystem is to keep the platform open and flexible,” James Wagner, Google’s extensions platform product manager explained to Wired. “This empowers our developers to build creative and innovative customizations for Chrome browser users,” he added. “This is why we chose to defer banning extensions with cryptomining scripts until it became clear that the vast majority of mining extensions submitted for review failed to comply with our single purpose policy or were malicious.”
Reddit has also repealed use of Bitcoin
The news follows advertising bans from a plethora of websites like Facebook, Twitter and Google themselves, prohibiting ICOs and investment opportunities from being promoted. And in another bad turn for digital currencies, Reddit has announced it will no longer be accepting Bitcoin as payment for Reddit Gold. Reddit was one of the early adopters of Bitcoin back in 2013, but has announced recently that it will no longer be accepting it for any payments in which it has mostly been used to bay for Reddit Gold. A user, appearing to speak for Reddit, explained the repeal of the use of Bitcoin was down to a glitchy system and changes to Coinbase, which doesn’t disparage cryptocurrency as a whole and leaves the story open ended which may result in the return of this as a payment option in the future.