As of this writing, Monero is down by over 38 percent from its 2019 high of $74.161. Over the last few days, the privacy coin has been showing signs of life after bouncing due to oversold readings. However, we believe that the cryptocurrency may have one more leg down before it resumes its uptrend. We are not alone in having this view. Trader Hit & Run also sees the possibility of one more...
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 infrastructure of the Retadup Monero cryptojacker which is estimated to have infected over 850,000 computers across the globe has been destroyed by the Cybercrime Fighting...
By CCN Markets: Monero has been trapped in range accumulation for over a year now. Since August 2018, the cryptocurrency has been range trading in a wide range between $40 and $120 with a midpoint at $80. The length of time spent in this range tells us that the privacy coin has entered a period of accumulation. On June 23, 2019, Monero attempted to take out resistance of $120. However, the market...
On June 23, Monero posted a 2019 high of $121.12. At that point, the privacy token was up by over 194 percent for the year. Unfortunately, the six-month run was met by heavy selling. Those who bought the cryptocurrency early were happy to dump positions at substantial profits. As a result, Monero plunged to as low as $71.842 on July 17. That’s a brutal drop of over 40 percent in less than a month...
Monero developers have revealed nine security flaws, and one of them can be exploited to steal XMR from cryptocurrency exchanges. Two critical Monero bugs discovered "By mining a specially crafted block, that still passes daemon verification an attacker can create a miner transaction that appears to the wallet to include sum of XMR picked by the attacker. It is our belief that this can be...
John McAfee, who is running his presidential campaign out of Cuba, is an altcoin believer. He thinks privacy coins will be the next big thing, and you can’t take that away. The prices of many solid alt coins were hit ten times as bad as Bitcoin during the Bear market, yet many are based on sound economics, especially in the Medical field and in the Privacy coins which we all know will be the big...
This article was edited by Samburaj Das.
By CCN: According to self-declared Bitcoin creator Craig Wright, everyone who runs a Lightning node, uses privacy-centric cryptocurrency Monero, or uses mixing services like CashShuffle will be guilty of money laundering and eventually suffer the brutal legal consequences. Wright says that once courts figure out the money transmitter nature of various blockchain products, swift action can be...
By CCN: Monero recently hard-forked once again to stave off ASIC miners, who take over the network after a time and are disliked by the Monero community. Monero would prefer to be a CPU and at-most GPU coin, which is mined by the people who use it. Binance discusses Monero’s moves in a new report released over the weekend. Binance noted that there were some negative consequences associated with...
By CCN: DAPS stands for “decentralized anonymous payment system.” DAPS Coin’s motto is “privacy is a right, not a privilege.” Mixing Privacy and Proof-of-Stake They’re launching in a growing market of privacy coins, hoping to deliver a superior product that might shake things up. DAPS Coin borrows all of the best ideas from other privacy coins like Dash and Monero and integrates them into one...
By CCN: Vitalik Buterin has expressed an interest in incorporating privacy features into Ethereum. He is partial to the ZK-SNARKS technology that is used in privacy coin Zcash. Nonetheless, his senses appear to be particularly keen about any developments surrounding privacy protocols. This became clear when a research paper was published entitled: "FloodXMR: Low-cost transaction flooding attack...
At press time, interest in Monero had increased 400% over the past hour. Five US states lead the charge, according to Google Trends: Top 5 US States for Monero The five states listed are: • Indiana • Arizona • Arkansas • Colorado • Louisiana Interest in Indiana came primarily from Terre Haute, while curiousity in Arkansas came mainly Little Rock and this reporter’s city of Pine Bluff...
By CCN.com: A recent article in Fast Company got me thinking. The article talks about how Bitcoin and other cryptocurrencies (particularly Dash, which the article doesn’t mention) have helped Venezuelans deal with insane inflation and the problem of liquidity. The piece says: Many of us take for granted that we can use our money privately, without fear of reprisal or compromising our prospects...
A warning has been posted to the Monero subreddit regarding Monero version 0.14 and Ledger 1.1.3.
The bug appears to incorrectly process change transactions. One user appears to claim they’ve lost 1600 Monero, worth nearly $83,000 at press time.
Dr. Craig Wright is back. And this time, he is out to destroy the societally menacing anonymous coins.
The Australian computer scientist and alleged creator of Bitcoin told CNBC Africa's Ran Neuner that he knows how to kill Zcash and Monero. Dr. Wright said that he was going to expose these anonymous coins sometime this year, adding:
By CCN.com: It was another relatively boring trading day in the cryptosphere, at least as far as the major coins go. Way down the list we saw some serious activity in Monero, Dash, Aelf, and something called Holo. As far as Bitcoin and the top 5 coins go, prices remain virtually unchanged from yesterday. Bitcoin Price Sets Sights on $3,600 BitMEX conducted a plurality of the day’s trading on...
Norwegian Anne-Elisabeth Falkevik Hagen (68) has been missing since October 31st last year according to the Norwegian Police. Her husband, Tom Hagen, is Norway's 172 richest person according to Kapital. Serious threats have been made by what appears to be the kidnappers, which is why the police has kept a low profile since they started investigating the missing person case in November 2018. The...
Fortnite fans can now buy merchandise for the blockbuster online video game using the cryptocurrency Monero (XMR). Bitcoin payments are not yet accepted, reportedly due to privacy concerns. While Fortnite did not make an official announcement, fans shared the news on Reddit on January 1, where it received a very positive reception. Monero enthusiasts said the move signals that crypto adoption is...
Bitcoin Price Recovery Alongside Network Changes The Bitcoin price came back from the brink this week, reaching nearly $4,000 by Sunday. Analysts were at times throughout the week worried that it would lose support around $3,400 and then drop beneath $3,000, but this hasn’t happened. At the same time, however, two important Bitcoin network metrics saw reduced performance over the week. For one...
There will be a total of 18.4 million Monero's XMR coins in circulation by May 31, 2022. And the project has already mined more than 90% of it. Per data available at MoneroBlocks.info, a Monero blockchain explorer, the privacy-enabled cryptocurrency have emitted close 16.6 million XMR. As the emission forms parity with the total supply, the Monero project will switch to a new supply program...
According to a recent post from Z-Cash’s official blog, more services are now offering the use of shielded or private addresses now as a result of the Sapling upgrade. The upgrade was touted as significantly improving the speed and efficiency of Z-Cash and enabling it to require less resources. The goal of the Zcash project is that all people inevitably prefer to use shielded or private...
The United States Department of Homeland Security has announced its intention to develop a monitoring framework to effectively track Zcash and Monero transactions through enhanced forensic analytics capabilities. In a newly released document, the DHS reveals that it aims to achieve this by designing “a product to support the implementation of block chain based forensics, data analysis, and...
Within the past 24 hours, the crypto market has added $19 billion to its valuation as the price of Bitcoin (BTC) surged to $4,300. After dropping to the low $3,000 region, Bitcoin engaged in an unexpected price rally, rising by more than 15 percent on a single day. The newly established momentum of Bitcoin allowed the rest of the cryptocurrency market to recover. Major digital assets like Stellar...
A few of the top 15 cryptocurrencies saw notable increases over the past twenty-four hours. Stellar saw a gain of 15% against the US dollar, with 22% of its volume being against USD or USD-pegged cryptocurrencies themselves – meaning these gains are realistic, not just figurative. Litecoin gained over 13% against the dollar while Monero jumped nearly 16%, and Zcash was hot on its heels. Stellar...
Professor Joseph Liu received an award at the end of October 2018 from the Australian Computer Society (ACS) recognising his recent achievements with the title "ICT Researcher of the Year." Liu is the creator and development leader of the ring signature algorithm -- a crucial technology used in Monero -- which he initially conceived of and published in a paper in 2004. According to a quote...
Privacy-focused Zcash, currently worth just over $110 per coin, has completed a network upgrade dubbed “Sapling” that it says will vastly improve transaction speed as well as reduce the actual size of transactions themselves. Zcash hopes that this will make mobile and other types of transactions more common and feasible on the network, saying it “introduces significant efficiency improvements for...
Following the successful execution of Monero's hard fork on October 18, average transaction fees for XMR users have fallen a massive 97 percent from 60 cents to an average of just 2 cents according to information from CoinMetrics. Known as "Monero 0.13.0 Beryllium Bullet", the recent hard fork implemented a trustless, non-interactive, zero-knowledge framework called "Bulletproofs" for the privacy...
Monero (XMR) forked successfully earlier today, and the network has seen no major hiccups so far. This release is unlike the usual ones that try to keep up with deterring ASIC miners. The release, called "Monero 0.13.0 "Beryllium Bullet," includes a significant overhaul of the network's protocol through the introduction of bulletproofs. Bulletproofs Explained The improved protocol allows for...
South African blockchain startup Tari Labs has unveiled a free online university that makes training accessible to local and international blockchain developers. Tari was developed and launched earlier this year by local blockchain expert and Monero promoter Riccardo Spagni alongside American investors, Naiveen Jain and Dan Teree. Reasoning Behind New Project Tari particularly aims to readdress...
Earlier this week, the Monero (XMR) community announced the launch of a new website that aims to educate users on cleaning up crypto-jacking malware and ransomware. Easing Malware Victims' Confusion and Frustration The ease of mining and privacy of Monero are standout features for the coin. However, the features attract bad actors who use the coin in malware. Justin Ehrenhofer, the director of...
Over 46 cryptocurrency exchanges around the globe assisted criminals in laundering more than $88 million over the past two years, a Wall Street Journal report alleges. Money Laundering Pervasive in Crypto Trading Industry: Report The Journal's investigation traced funds from over 2,500 wallets that courts flagged for their involvement in criminal activities. The paper partnered with London-based...
The developers of privacy-centric cryptocurrency monero have patched a bug that would have allowed an attacker to cause significant damage to cryptocurrency exchanges and XMR-friendly merchants. Now-Patched Monero Bug Put Cryptocurrency Exchanges, Merchants at Risk Addressed through a software patch privately distributed to exchanges and merchant and later publicly disclosed through a post-mortem...
A report from the Cyber Threat Alliance (CTA) indicates a massive 459% increase in the rate of illegal cryptojacking, through which hackers hijack computer processing power to mine cryptocurrencies like bitcoin and monero. As CCN recently reported, the Indian government was recently targeted in a cyberattack which hijacked processing power from government website servers to mine cryptocurrency...
Over the past 24 hours, the crypto market has experienced a large sell off as Bitcoin demonstrated a 3 percent drop in price, leading the market to drop $10 billion. Ethereum and EOS recorded the largest drop amongst major cryptocurrencies at 9 percent, while Bitcoin Cash, Litecoin, Monero, Cardano, and Dash demonstrated steep 7 percent losses. What Caused the Steep Decline? On September 16, CCN...
Anonymity-centric cryptocurrency monero may be the best buy in crypto right now, and bitcoin’s not far behind. The ripple price (XRP), on the other hand, could be primed for a historic crash. Bitcoin, Monero Have Bright Futures That’s according to a new report from initial coin offering advisory and research firm Satis Group, which attempts to forecast what shape the cryptocurrency market will...
Alessandro Santos, a Brazilian architect, engineer, and self-described bitcoin aficionado, has recently inaugurated a cryptocurrency-themed hostel in Paraty, a city located about 260 kilometers (161.5 miles) away from São Paulo, Brazil. The hostel, appropriately named Hostel Bitcoin, launched on August 16, and was immediately booked for its inauguration day. According to local news outlet Portal...
Tutanota, a provider of an encrypted email service, has begun to accept donations in bitcoin, ether, bitcoin cash and monero in order to test payment processing using cryptocurrencies, the company announced in a blog post. The German firm noted that it wants to support decentralized payment systems that are independent of centralized processors such as credit card companies and banks. The company...
Update 7/20: Change.org reached out to CCN to clarify that the program was launched by an outside marketing agency -- not the Change.org Foundation -- and that the revenue will solely support the organization's work in Brazil. The article has been updated to reflect this. Supporters of popular social petition platform Change.org can now install a screensaver that will mine monero on behalf of the...
Privacy Coin Monero (XMR) successfully completes the first audit for its new “bulletproofs” protocol. In an official blog post back in December 2017, Monero announced its intentions to pursue including the bulletproofs mechanism into its protocol. They stated that bulletproofs would lead to “massive space savings, better verification times, and lower fees.”. The deployment was supposed to happen...
The developers are responsible for hacking millions of computers to hack a total of $2 million in cryptocurrencies. Computers were initially infected with a mining program and a mining monitoring software -- whenever the latter detected CPU utilization below 50%, the former would silently start mining in the background. The cycle was repeated endlessly, with all the proceeds being sent back to...
California-based blockchain and cryptocurrency security firm CipherTrace released its Q2 2018 report in July 2018 and noted the rise of cryptocurrency crime, money laundering, and other illicit activities. One particular item of note was that $1.2 billion has been laundered through cryptocurrency tools such as bitcoin tumblers and privacy-centric altcoins like zcash and monero. Criminals...
Pornhub, the largest pornographic-video platform in the world, is set to integrate Tron. In April, CCN reported that Verge, a privacy-focused cryptocurrency, disclosed its strategic partnership with Pornhub, with the announcement made by Pornhub vice president Corey Price, who stated: "The volatility of crypto is concerning for subscriptions with recurring payments. As such, at present, we aren't...
The cryptocurrency markets experienced a labored recovery on Monday after the deep bitcoin price sell-off that occurred over the weekend. Monero Price Headlines Monday Recovery Monero (XMR) has seen a huge rebound in the past 24 hours, up nearly 15% to $128.86. Monero saw a steep sell-off with the news out of the United States that the Secret Service recommended a crackdown on privacy...
A top official in the US Secret Service has asked Congress to take action against privacy-centric cryptocurrencies like zcash and monero, which include features designed to help users make anonymous transactions. In prepared testimony given on Wednesday before the House of Representatives Committee on Financial Services Subcommittee on Terrorism and Illicit Finance, Robert Novy -- deputy...
Japanese police are investigating three suspects allegedly using Coinhive, a Monero-mining software script, in a cryptojacking case that could lead to criminal prosecution. A number of police departments in the prefectures of Kanagawa, Chiba and Tochigi in central Japan are carrying out a joint-investigation into three suspects who allegedly set up websites in 2017 to mine Monero using visitors’...
Jameson Lopp, a former lead engineer at BitGo and a prominent Bitcoin developer, has criticized Netflix, the $159 billion entertainment giant, for one of its “Explained” series focused on Bitcoin and the cryptocurrency market. Wrong Arguments In collaboration with Vox, a US-based media company that runs a popular YouTube channel that delves into difficult subjects and produces informative videos...
A new Mac-based cryptojacking attack was reported this past week on Apple’s forums, forcing users to unwittingly run software that mines privacy coin monero. According to a Malwarebytes Labs blog post, the software was discovered when a user noticed that a process called “mshelper” consumed suspiciously-large amounts of CPU time. The user said that mshelper was constantly appearing in the CPU...
The lead developer of Monero has unveiled a new second-layer protocol that will allow users to create and trade digital assets on top of the privacy-centric cryptocurrency’s network. The open-source project, called Tari, will make it possible to program and issue non-fungible assets like loyalty points, in-game items, and concert tickets over the blockchain. The tokens will function similarly to...
Japanese cryptocurrency exchange Coincheck will delist trading pairs for privacy-centric cryptocurrencies monero (XMR), zcash (ZEC), and dash (DASH) next month. The Tokyo-based exchange, which was purchased by brokerage firm Monex following a high-profile January hack that saw the platform lose $530 million in NEM tokens (XEM), announced on Friday that it will no longer facilitate trading for...
Cryptojacking has been one of the most significant security threat researchers have been facing ever since cryptocurrencies took off last year. Mining requires computational power, and in return, miners are awarded a small amount of cryptocurrency. With cryptojacking, hackers infect machines and secretly use them to mine cryptocurrencies. According to a report by the UK’s National Crime Agency...