Recently Apple banned the crypto-currency mining apps in the iOS App Store and Mac App Store.
According to CNET statement, Cryptocurrencies such as bitcoin can be “mined” by using multiple devices to solve complex mathematical problems that lock and unlock information in the blockchain, with rewards coming as each transaction is secured.
Also, this ban on cryptocurrency miners in the Play Store follows a Google block on cryptomining extensions on the Chrome Web Store, following the rise in CoinHive-based in-browser miners.
Initial infection is slowly started in the infected device and it slows down the system process and loading apps will take longer than usual. Later miner utilizes the device and consuming 100% of the device resources to mining the cryptocurrency.
Last month Android-based cryptocurrency mining malware now started infecting Amazon Fire TV & Fire TV Stick Devices.
Likewise, cybercriminals are secretly mining crypto-mining using various malicious techniques and generate millions of dollar revenue without the user’s knowledge.
In this case, Apple’s clamp down on cryptocurrencies covered both potential damages they can cause to the hardware, such as battery drain and excessive heat, restricted ICOs (initial coin offerings) to established bank
Google Presented the Statement that stats, We don’t allow apps that merely provide the same experience as other apps already on Google Play. Apps should provide value to users through the creation of unique content or services.”
Earlier released Apple Statement said, “Mining: Apps may not mine for cryptocurrencies unless the processing is performed off the device (e.g. cloud-based mining),” says one of Apple’s cryptocurrency policies.