Bitcoin Mining Apps Still Live on Google Play Despite Ban

Google is reportedly hosting cryptocurrency mining applications in Play Store, despite a ban imposed last month.

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Google’s revised terms of service states that, “We don’t allow apps that mine cryptocurrency on devices.” However, the search engine giant mentioned last month that apps that remotely manage cryptocurrency mining are permitted. Despite the ban, few digital currency mining apps have either updated to abide with the new terms nor have removed their apps from the store.

Mining apps such as Bitcoin Mining, BTC Miner Pool, and Pickaxe Miner are found to be still live on Google Play, while Cloud Bitcoin Miner app is said to have revised its services in accordance with the new Google terms. “Mining is not performed on the user’s phone,” the app’s description clarifies.

Earlier this month, UK-based blockchain startup JSEcoin, which facilitates cryptocurrency mining, announced the launch of Android mobile mining app on Google Play. “We have additionally reached out to the Google Support team to confirm if we are allowed to allow our users to mine our tokens via our official app – as we are aware of their restriction policy,” JSEcoin co-founder and CTO John Sim, told HardFork during its launch. Later, the JSEcoin app disappeared from the Play Store.

TIP

Another mining app, MinerGate, announced last week in a tweet that a new version has been designed for “monitoring and managing” the user’s mining process in a move to abide by the new Google terms. With the update, MinerGate told Hard Fork:

“Mining on your phone directly was among the core features of the MinerGate app before the last changes in Google Play Development policies. With the last update, we are removing this functionality to meet the updated requirements.”

Earlier this year, Google outlawed cryptocurrency mining extensions from the Chrome Web Store. The search engine outlined the reason for the ban in its official release stating that, “90% of all extensions with mining scripts that developers have attempted to upload to Chrome Web Store have failed to comply with their new mining policies.”

Google had already banned malicious cryptojacking apps after an Android app was found cryptojacking devices in January, while also mining monero. Following this, Google also imposed a ban on ICO advertisements from June.


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Author: Sujha Sundararajan
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Cryptocurrency based Company Change Launches Bitcoin App With No Trading Fees

Change, a Singaporean-founded company based in Estonia has launched a mobile application for buying and converting between different virtual assets with zero commission fees.

As cryptocurrencies become mainstream, consumers look for options to add the novelty asset class to their portfolios. Unfortunately, this is often an expensive endeavour, as most cryptocurrency brokers and exchanges charge buying fees that can go up to 5%.

The app currently supports Bitcoin, Ether, Ripple, Litecoin, and Tether, and is available for iOS and Android, to residents of the European Economic Area, under the name of “Change Wallet”.

According to a survey by ING launched in June, two in three individuals in Europe have heard of cryptocurrencies. Although only 9% of Europeans own cryptocurrencies, 25% plan on owning some in the future.

On a live interview with  BBC World News, Change’s CEO Kristjan Kangro has said cryptocurrencies will soon be used just as much as traditional currencies by the masses when paying for good and services.

“I’m backing this project because I think it’s got an extremely great future, and I see that Change is going to have challenges going forward. I have no doubt that this business is going to thrive and grow globally over the coming years.” – Roger Crook, former CEO of DHL Global Forwarding.

Change has several new product releases slated for roll out in 2018, including a subscription plan for advanced users.

Change is a mobile first cryptocurrency finance platform in Europe. Following one of Asia’s largest ever crowdfunded raises, Change now allows customers to buy and convert cryptocurrencies such as Bitcoin, Ether, and Ripple with zero fees.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Marin Marinov
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Litecoin, Bitcoin Cash Are Latest Crypto Additions to Robinhood Investing App

U.S.-based mobile stock trading app Robinhood has added two new cryptocurrencies to its no-fee trading service.



The company said in an announcement on Thursday that litecoin and bitcoin cash have been added for Robinhood Crypto users following strong demand from customers for crypto assets beyond the current options of bitcoin and ethereum.

As part of the announcement, Robinhood also claimed it now has over 5 million users on the platform following expansion of its crypto trading service to 17 U.S. states.

The news follows a report in May that Robinhood raised $363 million in a Series D funding round, which the company said would allow it to offer more crypto trading pairs in more markets in the U.S.


At the time, Robinhood Crypto was available in 10 states. Since then, crypto trading has been opened up across Utah, Virginia, Pennsylvania, Arizona, Indiana, New Jersey and Texas.

The company’s co-founder and co-CEO Baiju Bhatt previously said he expects Robinhood Crypto to be able to cover the entire U.S. by the end of 2018 as part of a plan to become one of the largest cryptocurrency platforms.

As previously reported by CoinDesk, Robinhood launched the crypto trading service in February, offering bitcoin and ethereum trading pairs in five states.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Wolfie Zhao
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