Several cryptocurrency proponents on Twitter have reported that the largest telecommunications company in Argentina called Telecom has become a victim of a ransomware attack. Despite being unknown so far, the perpetrators have demanded a $7.5 million ransom to be paid with the privacy coin – Monero (XMR). Telecom Hacked For Monero? Founded in 1990, Telecom...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog After growing for two days in a row, the XMR is stepping back: on Friday, July 10th, it is trading at 65.82 USD. Since last week, not much has changed on the XMR/USD chart. The pair behaves as other coins do, demonstrating little volatility. The price is moving between...Read More
Several cryptocurrencies take privacy and anonymity a lot more serious than Bitcoin and Ethereum. Monero, the actual anonymous cryptocurrency out there, now has a new mining pool that can only be accessed over Tor. Achieving privacy or anonymity with Bitcoin is impossible due to the current core protocol. Mining Monero Over Tor In the case...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog At the end of the week, the XMR activity is minimal – investors are accumulating power, waiting for fresh drivers. The cryptocurrency is generally trading at 63.97 USD. This week on the XMR/USD, nothing has changed significantly. The pair behaves as other coins do, demonstrating no significant volatility. On...Read More
Monero remains one of the top gainer cryptocurrencies since the beginning of the year 2020. As of present, the coin is up almost 50% Year-Till-Date (YTD) among many others which are trying to keep their heads above water. As a major feature of the crypto sphere, every cryptocurrency must present evident use cases and exhibit...Read More
Bithumb is set to become the latest Asian crypto exchange to officially remove Monero from its platform. Not due to its privacy aspects, but rather because XMR is used to buy and sell illegal pornographic material. It has been coming for some time now, but Bithumb has finalized its decision on Monero. Bithumb Gets rid...Read More
Whether one likes or dislikes privacy currencies, they seem to find their niche in many different ways. For Monero, a new all-time high in daily transactions was recorded last week, further confirming the potential of this project. There are many reasons as to why privacy-oriented crypto assets really matter. Ongoing Transaction Growth for Monero They...Read More
Cryptocurrency is still seen as a good investment in 2020. But investing in a cryptocurrency is not an easy task. Due to their volatile nature and the high risk involved in them, people hesitate to invest in them. Where mining Bitcoin is still one of the most viable investments, it is not the only option...Read More
While most people consider every cryptocurrency transaction anonymous, that’s not the case. Bitcoin, for example, has all transactions recorded on a public ledger, which can be easily accessed. In theory and practice, it’s entirely possible to associate a Bitcoin address with an individual, especially if he has ever used a cryptocurrency exchange, which requires identity...Read More
Monero Crypto, the king of Privacy has a great start in 2020. Ever Since Europol Analyst confirmed that Monero is indeed untraceable, the XMR price is surging. Monero price has seen a 20% surge last week. Moreover, Coinmarketcap data shows that Monero has overcome Stellar to make its position as 10th crypto as per market...Read More
Investors are celebrating Monero’s privacy features after a Europol analyst confirmed that transactions avoid detection. | Credit: AlekseyIvanov/Shutterstock.com Whether people admit it or not, the privacy feature is one of the biggest draws to cryptocurrencies. If there was ever any doubt, those have been erased by Monero’s (XMR) rally in recent days. In the early days...Read More
When Monero (XMR) users choose to veil their transactions, they cannot be traced between the sender and receiver. This finding by an Europol official contradicts previous discoveries that XMR transactions can reveal some of the identities of users. Blockchain Analysis Impossible for Monero Network At least when it comes to the authorities, transactions on the...Read More
Monero has a reputation for being completely decentralized. That means no outside observer can tell the source, amount or destination of Monero transactions. Although there were many instances that claimed XMR coin is untraceable, no profound evidence was found. However, Europol officials have confirmed that Monero transaction indeed is invisible. In a recent turn of...Read More
Privacy coins have come under a lot of scrutiny in recent months. Europol is keeping a close eye on these developments, albeit Monero remains impossible to trace or analyze. Government officials dislike bitcoin, but they see privacy coins as even bigger threats. Monero Causes Headaches for Europol Particularly currencies which put anonymity first tend to...Read More
Concealed crypto mining – using infected computers to produce hashes for specific types of coins – is using more ingenious methods to hide from operating systems. The latest exploit involves an infected image of Taylor Swift. Sophos Labs Discovers Botnet in Taylor Swift JPEG Analysis by Sophos Labs, a digital security firm, shows hackers are...Read More
When a lead developer of a cryptocurrency project steps down, there is often some confusion. In the case of Monero and Fluffypony, there is very little to be concerned about. In a recent post the Monero Core Team made a crucial announcement. Small Big Changes for Monero It explains how Fluffypony will no longer be...Read More
Riccardo Spagni aka Fluffypony stepped down as the lead maintainer of the Monero project. Multiple reasons went into this decision, including centralization concerns from being the lead figure for the project. The Monero Core team made an announcement on Monday delineating several role changes within the project. Previously, Spagni was the lead repository maintainer, approving...Read More
Cybercrime is growing at an exponential rate, and showing zero signs of slowing down or stopping in the near future. As technology advances, so do the tactics used by these criminals, especially surrounding crypto.The post appeared first on NewsBTCRead More
Monero Compliance Workgroup published a statement suggesting that “The Funds Travel Rule” does not apply to XMR itself. Such a scenario limits scrutiny of Monero and preserves its privacy-enabling properties. Monero published its stance on regulations that require money services businesses (MSB) to trace user identities. The U.S. Financial Crimes and Enforcement Network (FinCEN) published...Read More
There’s been a lot of noise about Bitcoin’s halving, set to occur in May, and the effect this will have on price as BTC’s mining reward is slashed. It’s not the only PoW coin gearing up for a major reduction in its emission rate next year, with Bitcoin Cash, Beam, and Zcash all set to...Read More
The South Korean division of Malta-based digital asset exchange OKEX has suspended the delisting of two privacy-oriented cryptocurrencies due to new regulatory guidelines released by the Financial Action Task Force (FATF). The planned suspension of Zcash (ZEC) and Dash (DASH) is currently being reviewed, according to a blog post on OKEx’s official website. OKEX first...Read More
Regulation has always been a hot topic in the cryptocurrency space, with some governments banning them altogether and others struggling to introduce it in a way that won’t hinder development. While these regulatory bodies seem to have a positive approach towards Bitcoin, Ethereum and other cryptocurrencies, it’s quite the opposite for privacy-focused cryptocurrencies. Owing to...Read More
Another boring day in crypto where the markets don’t seem to be moving much. Most cryptocurrencies are trading sideways after a brief bull run last night. Let’s take a look at some of our favorite altcoins and see if the indicators tell us what’s to come ahead. Ethereum Price Analysis (ETH/USD) On today’s hourly chart,...Read More
Last Wednesday, French police shut down a massive botnet that managed to install malware on over 850,000 computers. This network was partially used to distribute ransomware and carry out data theft. However, it was also used for cryptojacking, allowing the attackers to mine Monero on their victims’ computers. The three-year-long operation earned the attackers millions...Read More
The clear rise in adoption of cryptocurrencies can be noted across various sectors, such as tourism. Major heavyweights of the tourism sector, such as Blockchain Cruises and Expedia, are already offering services that accept payment in crypto. Benefits of cryptocurrency payments are being realized at a global level. Travala, room-booking website that accepts cryptocurrency, achieved...Read More
Monero is a private and untraceable currency system. It is well known for its privacy and anonymity features. Blockchain travel platform, Travala has now added Monero (XMR) as a payment option. Travala announced this trough a tweet on 30 August 2019. Users can now book tickets using Monero coins. Travala is a Next-gen Online Travel...Read More
In the first quarter of 2019, cryptojacking campaigns aimed at victims’ PCs to mine cryptocurrencies rose 29%, according to a recent report by security software provider McAfee. Hackers Target Windows PCs to Mine Monero The antivirus maker founded by crypto fan John McAfee discovered that both Windows and Apple ecosystems are equally vulnerable to cryptojacking...Read More
It has been a while since Monero malware made headlines. Recent research by Avast shows this industry is far from dead. The Retadup worm is currently infecting thousands of windows machines in Latin America. Once a device is infected, the malware will begin mining the Monero cryptocurrency and attempt to avoid detection. The Retadup Threat...Read More
french cybercops have neutralized nearly a million computers infected by a crypto-mining mega botnet dubbed ‘Retadup’.| Source: Shutterstock The Retadup malware which had been deployed on hundreds of thousands of computers around the world to secretly mine the Monero cryptocurrency and commit other illegal acts may finally be over. According to the BBC, the backend...Read More
The opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common tool for these unethical and illicit activities,...Read More
