Since the beginning of this year, the cryptocurrency space has been through a roller coaster ride. So far, the ecosystem has seen both pleasant and unpleasant announcements and some of them had a significant impact on the price of Bitcoin [BTC] and other cryptocurrencies.

In addition, the social media giant, Facebook and search engine platforms, Google and Bing had placed a ban on cryptocurrency advertisements during the start of this year. The reason stated by the platforms is the risks associated with cryptocurrencies.

However, recently, Facebook and Google lifted its ban on cryptocurrencies and revised its rules for advertisements. Coinbase became the first cryptocurrency platform to have their ads on the social media and search engine giants.

Along with this, there has been a rising concern over cryptocurrency mining malware. Hackers have started to mine cryptocurrency with the help of browser extensions which uses cryptocurrency mining scripts.

Mozilla Firefox, an open-source web browser developed by the Mozilla Foundation, has released a notice regarding their ‘Approach to Anti-Tracking’.

The notice stated:

“Deceptive practices that invisibly collect identifiable user information or degrade user experience are becoming more common.”

Mozilla has mentioned cryptocurrency mining scripts which are used to mine digital assets from the users’ devices without their knowledge, as one of the examples.

This has resulted in the browsing platform placing a ban on such cryptocurrency mining scripts. The new versions of Firefox will block them by default. The platform’s main concern is that these practices make the web ‘a more hostile place to be.’

Kryptovijoy, a Redditor said:

“Comparing to other browsers, especially to Chrome, firefox is much better and more secure.”

Successfuleview, another Redditor said:

“This is nice for those who are new to crypto for the not to be victimized by those malware.”

LtSurgeRaichu, a Reddit User said:

“How long before a way is found around this? Some crazy dude is probably working on putting remote miner code into an image as we speak.”

Moreover, Google has also placed a ban on all the cryptocurrency mining extensions on Chrome browser. This also included the removal of existing extensions from the browser.

Reportedly, the most sought out cryptocurrency which is mined with the cryptocurrency mining malware is recorded to be Monero [XMR], a well-known privacy coin.

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Published on

2018-09-01 20:30:04



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