The year 2021 will be remembered as a watershed moment for cryptocurrencies. Despite its ups and downs, Bitcoin is still valued at over $32,000 per coin. Not only Bitcoin, but most other cryptocurrencies have enjoyed significant price increases this year. As a result, there has been a surge of crypto apps, both in app stores and from third-party developers. Many of these apps, however, are scams. Lookout, a security organization, has published a detailed analysis on dangerous crypto-mining apps. More than 170 Android apps that claim to provide cryptocurrency mining services for a fee are essentially scams, according to the researchers. 25 of the 170 were hosted on Google Play, and they are attempting to defraud cryptocurrency enthusiasts by proposing cloud-based mining services. Cryptocurrency mining is using computing power (from a personal computer or a rented system) to solve computational and cryptographic tasks in exchange for coins. However, the processing power necessary for many types of cryptocurrency is now greater than a single personal computer, allowing individuals to join mining pools and share the effort — and the profits.Because they didn't appear to be doing anything that would trigger the Play Store's automated policy compliance checks, these apps were able to dodge any and all detection and checks in place for apps listed on the Play Store. In reality, these apps were doing absolutely nothing. Google has since deleted the apps from the Play Store. Bitcoin and Ethereum are among the coins they claim to be mining. These apps cost $12.99 to $259.99, and you could pay with Google Play's saved payment methods or crypto coins like Bitcoin, which you could send directly to the developer's crypto wallet. There were even higher-tier membership options that requir ..
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