Google To Remove All Crypto Mining Extensions From Chrome's Store

  • Google is removing all cryptocurrency mining extensions from its Chrome web store, as about 90% extensions fail to comply with policies
  • Google's move follows a ban on cryptocurrency-related ads, enacted by various tech platforms.

Google is going a step further in improving user experience on its Chrome browser. After recently announcing a ban on crypto-related ads, the company has now publicised it will remove cryptocurrency mining extensions from its Chrome Web Store.

Crypto Mining Extensions To Be Removed

On April 3, the tech company announced that it would block all Chrome browser extensions mining cryptocurrencies with user's machines. Google has in the past taken down few illicit extensions that secretly drained victims' hardware resources without their consent.

The company's announcement stated:  

“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 behavior. 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,”

Google

Extensions related to blockchain technology and cryptocurrencies, other than mining, fall under the standard quota and will be permitted in the Chrome web store.  All existing crypto mining focused extensions will be delisted by July this year.

Google Takes Action Against Cryptojacking

Over the past few months, cryptojacking incidents shot up, forcing some browsers to develop tools that prevent illicit mining scripts from using user's computer resources. Because of minor failures in Chrome's Web store policies, developers have managed to deploy their illicit mining extensions on Google Chrome, one of the world's most popular web browsers. James Wagner, Google’s Extension Platform product manager, said:

“The key to maintaining a healthy extensions ecosystem is to keep the platform open and flexible. This empowers our developers to build creative and innovative customizations for Chrome browser users.”

Google Extension Product Manager

Recently, various tech companies banned crypto related ads from their platforms. These include Facebook, Linkedin, Twitter, and Snapchat. MailChimp - a popular email marketing platform - was the latest one banning crypto ads, reportedly to protect its users from fraudulent activities floating in the crypto space.

Cryptojacking hasn't just been a problem for users.  Large companies and government organizations throughout the world have fallen prey to it. Recently, Tesla’s cloud system was hijacked to mine, and even Google’s DoubleClick Ad Service was used as a vehicle.

Number of Crypto ATMs top 7,000 Worldwide

  • Cryptocurrency ATMs now number of 7000 worldwide.
  • First bitcoin ATM was installed in a Vancouver coffee shop in 2013. 

The number of crypto ATMs installed worldwide has grown over 7,000, with machines operating in 75 countries. 

According to data compiled by CoinATMRadar, the most recent update for global crypto ATMs shows 7,050 machines in 75 countries. 

The United States is still the overwhelming most popular location for crypto ATMs, with more than 5000 machines offering cryptocurrency services. Canada ranks second on the list, with 755 ATMs, while the United Kingdon places third with 303 kiosks.

Compared to exchanges, crypto ATMs allow users a physical kiosk to trade fiat for popular crypto-assets such as bitcoin, ethereum and litecoin. In addition to buying and selling crypto, ATMs have become an increasingly popular method for remittance, allowing users to send cash payments to relatives and friends in other countries. 

While the first bitcoin ATM was installed in a Vancouver coffee shop in 2013 by a company called Robocoin, the number of manufacturers has since ballooned to 42. Genesis Coin accounts for the vast majority of ATMs, with 2362 installations worldwide. Manufacturer General Bytes is in second place, with 2205 machines installed to date. 

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