Monero XMR

$104.22
Market Cap $ 1.727 Bn (#9)
24h Volume $ 16.839 MM
Chg. 24h: -0.83%
Algo. score 4.5/5  (#2)
Show Quick Stats

Monero News

Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents

Still, altcoins are weathering strong headwinds. Other than bullish ADA/USD and XLM/USD, EOS/USD, XMR/USD pairs are stable while LTC/USD could below $50. Needless to say, we are overly positive expectant of loss reversals following 10 months of consecutive lower lows. Let’s have a look at these charts EOS/USD Price Analysis Carbon USD—CUSD, is officially the first stable coin on the EOSIO platform. With fiat as collateral, CUSD is also accessible for Ethereum users. But according to the founder, Samuel Trautwein, their grand plan is to transition into this “fiat-backed algorithmically hybrid approach” once it goes mainstream with enough liquidity. As expected, this announcement means there is better interoperability. Moving on, traders can enjoy cheaper and faster settlement than they would on the Ethereum platform. On to the chart and everything is literally slow. Not only are gains no-existent but the tapering volumes is confining price movements inside a $2 range. This accumulation validates our previous EOS/USD trade plan and we suggest executing trades once there are breakouts above Oct 15 highs at $6 or losses below $5. Of course, the former is ideal. It is because of this that we retain a bullish outlook as long as prices are still trending inside Oct 15 high low. LTC/USD Price Analysis Thing is many are expecting higher highs but since LTC/USD is yet to muster enough momentum driving prices above $50, it remains a sell. In line with our last trade plan, we shall take a neutral approach only initiating shorts once there are solid printouts below $50. Related: Gemini Adds Litecoin with Approval from New York Regulators Conversely, it would be ideal if buyers jump in to prevent this depreciation. However, for this to be true then buyers must inject momentum and support prices at spot as they drive them towards $60. Before any of that happen, sellers are in control but to avoid speculation, we recommend taking a temporary neutral stand. XLM/USD Price Analysis On a weekly basis, Stellar is up 14 percent but printing losses in the last day. Regardless, our last XLM/USD trade plan is valid and to reiterate, as long as prices are trading above 25 cents, then aggressive traders can begin initiating longs with stops at 25 cents with modest targets at 30 cents. If today end up higher-as EOS flat lines-then there could flip be a flip. After all, the margins are low and with less than $400 million of value separating them, EOS risks dropping down the perking order. ADA/USD Price Analysis Technically, ADA/USD is trading within a bull break out pattern after impressive gains of Nov 4. And since prices did reverse right off the previous resistance now support trend line, we suggest trading just like as prescribed in our previous ADA/USD price analysis. On every dip, aggressive traders should buy with stops at around 7.3 cents with modest first targets at 9.5 cents clearing Oct highs. Thereafter, it depends on how price action reacts at that price level because break outs would trigger conservative buys with targets at 12 cents. XMR/USD Price Analysis Still in the top-10, Monero is flat and ranging following Oct 11 and 15 counter movements. Though we remain upbeat expecting gains, losses of Oct 11 did trigger sells in a clear break out pattern. Because of this, we need to see strong price confirmations if bulls are indeed in control. Also Read: Withdrawing Crypto to Fiat from BitFinex Now Costs Close to PayPal Note that if XMR/USD declines below $100 our XMR/USD price projection would be null. In that case, further declines would trigger sellers aiming at $70. On the reverse side, it would be ideal if there are breaks above $120 and $130—on the safe side. That would be inviting for bulls aiming at $150 and later $300. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents was last modified: November 12th, 2018 by Dalmas NgetichThe post Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents appeared first on NewsBTC.

3 hours ago

Bitcoin holding Strong while XRP, NEM, & BAT Surging Amidst Global Stock Market Plunge & Tech Giants Slump

Bitcoin is holding steady while a number of altcoins like XRP, Monero (XMR), IOTA (MIOTA), NEM (XEM), Zcash (ZEC), and Basic Attention Token (BAT) are making decent gains. Meanwhile, the global stock market is in rout as tech giants (FANG) dropped. The strong dollar driven by Fed raising rates, weak economy of China, and Brexit along with a weak euro is also leading the slump. Bitcoin Steady, Crypto Market Enjoying the Greens Bitcoin is steadfast at around $6,400 while oscillating between $6,250 and $6.920 for the past two months. At the time of writing, Bitcoin has been trading at $6,364 while registering the 24-hours loss of 0.60 percent. The volatility in the world’s leading cryptocurrency continues to fall. Source: Coinmarketcap.com Meanwhile, a number of altcoins are seeing the greens. Out of the top cryptocurrencies, XRP is leading with 2.72 percent gains at $0.517. While Ethereum (ETH) is in the red by 1.28% at $208. Stellar is in the red by about 4 percent at $0.265 but is currently ranked at the 5th spot having replaced EOS. Monero (XMR), and IOTA (MIOTA) are also in the green by 0.46%, and about 2% respectively. NEM (XEM) is today’s biggest gainer with over 24% gains. Zcash (ZEC) is another under 20 top cryptocurrency by market cap that is surging at $132.88 with about 7.27 percent gains. Basic Attention Token (BAT) is rising by 3.73% at $0.255. Meanwhile, Global Market & Tech Stocks Tumbling A broad sell-off in the big names viz. Apple, Amazon, Goldman Sachs, and General Electric pulled US stock lower. The cut down of shipment orders has the shares of Apple drop 5 percent. This, in turn, knocked off 600 points off the Dow Jones Industrial Average. Lindsey Bell, investment strategist at CFRA says, ‘‘With the news out of the Apple supplier this morning, you have the market overall questioning the growth trajectory as we look out to 2019.” After having a two-week winning streak, the markets are yet again falling. The S&P 500 Index dropped close to 55 points and Nasdaq composite slid 206.03 points. Japan’s Nikkei stock index eased 0.12 percent while Australian shares were down 0.08 percent. France’s CAC 40 fell 0.9 percent, Britain’s FTSE 100 lost 0.7 percent, and Germany’s DAX shed 1.8 percent. Randy Frederick, vice president of trading derivatives at Charles Schwab shares, ‘‘The bull market is not over, the economic expansion is not over, but things are starting to wind down. We’re clearly getting into the late innings of the ball game.’’ In currency markets, the dollar index was up by 97.004 while euro, yen and British pound are in the red. Gold, Silver, and copper all lost about 0.3 to 0.9 percent. Industry and energy sectors are also down around 1 percent. The strong US dollar is an integral factor to all these losses which is driven by Fed raising rates, weak economy of China and Italy, and Brexit along with a weak euro. So, crypto and global stock market seems to be going in different directions which is strengthening the case for the crypto portfolio as shared by Mati Greenspan, senior analyst at eToro, “The fact that the current stock market rout has not had any effect whatsoever (positive or negative) on the crypto assets is an extremely positive sign. This is a prime example of how cryptos are uncorrelated and it only serves to increase their use case as a powerful tool for asset management.” The post Bitcoin holding Strong while XRP, NEM, & BAT Surging Amidst Global Stock Market Plunge & Tech Giants Slump appeared first on Coingape.

3 hours ago

Estonia Grants B2BX Crypto Exchange Regulatory License to Operate Within the EU

B2BX cryptocurrency exchange announced on November 12 that it had acquired a license by the Estonian Financial Intelligence Unit (FIU), to operate as a fully regulated exchange for trading digital currencies. B2BX Users Will Benefit From Additional Services According to the press release, with this regulatory approval, B2BX becomes one of the first fully-regulated crypto exchanges in the EU. The company’s representatives chose to submit their application in Estonia because it is widely recognized as one of the friendliest countries of the European Union towards cryptocurrencies and new technologies. The license that will soon become effective, ensures that B2BX is compliant with the strict KYC and AML policies of the region. These provide users with enhanced transparency and significant financial comforts, such as increased automatic deposit and withdrawal daily limits and exchange and withdrawal facilities in fiat currencies via bank transfer and all major PSP providers. Arthur Azizov, CEO and Founder of B2Broker Group said: “We are delighted to have secured regulatory approval from Estonia, placing B2BX Exchange in the enviable position of being one of the first exchanges to achieve this accolade. I have long been a proponent of regulation which I believe will promote further the adoption of cryptocurrency usage and cryptocurrency trading. Our users will be able to benefit from an enhanced level of protection, safe in the knowledge that they are dealing with a world-leading, regulated cryptocurrency exchange.” The Exchange Strives to Bring Innovation and to Obtain Further Regulatory Approval B2BX is a subsidiary of the B2Broker Group, an exchange aggregator and liquidity provider for the crypto and foreign exchange (FX) industry. It offers a full-featured spot trading platform with adequate liquidity to support all kinds of investors, from single users to financial institutions. As B2BX focuses exclusively on liquid coins, all major cryptocurrencies are available for trading, including Bitcoin, Ethereum, Ripple, NEM, Litecoin, NEO, Monero, and Dash. B2BX remains updated with the latest trends in cryptocurrencies; it announced last month the addition of four stablecoins, TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX), to its platform. It currently provides crypto-to-crypto trading, but crypto-to-fiat abilities will soon be added, as B2BX plans to extend its services by acquiring additional regulatory approval from other recognized jurisdictions. Estonia Grants B2BX Crypto Exchange Regulatory License to Operate Within the EU was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

3 hours ago

Monero [XMR/USD] Technical Analysis: Cryptocurrency stays beaten and bruised under the bear regime

The cryptocurrency market’s bear run does not look to have ended, with many cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Monero [XMR] all seeing red across the charts. Monero [XMR] was also in the news recently when Nouriel Roubini stated that the cryptocurrency will be “cracked down by the Feds” soon. 1-hour: The Monero one-hour chart shows an acute downtrend as well as a small uptrend. The downtrend brought the prices down from $114.430 to $107.582. The recent uptrend also saw the prices rise from $103.067 to $105.723. The cryptocurrency’s support was holding at $102.969 while the resistance has been maintained at $114.430. The Awesome Oscillator shows the market momentum reducing from its previous rates, which may be linked to the change in investor sentiments. The MACD indicator points to multiple crossovers, with the signal line and the MACD line almost moving in tandem towards the bear zone. The MACD histogram has also been predominantly bearish. 1-day: The one-day graph for Monero shows an uptrend as well as a downtrend, a reflection of the one-day graph. The uptrend saw the XMR price increasing from $83.980 to $100.968. The downtrend brought the price from $138.12 to $114.239. The Parabolic SAR has shown a predominantly bearish run, with the markers staying above the price candles. The Relative Strength Index [RSI] has been tending towards the oversold zone, a sign of the selling pressure being more than the buying pressure. The graph had fallen from its hold in the middle of the graph, which is attained when there is an equilibrium between the buying and selling pressure. Conclusion The bear’s hold has been made evident as shown by the indicators. The MACD, RSI and the Parabolic SAR all point to the bear reigning supreme with slight bullish rises in between. The post Monero [XMR/USD] Technical Analysis: Cryptocurrency stays beaten and bruised under the bear regime appeared first on AMBCrypto.

3 hours ago

Zcash Foundation Responds to Monero Developer’s Tweet

There is never a shortage of controversy in the world of cryptocurrency. Although there are plenty of positive developments happening too, a recent announcement by the Zcash Foundation sparks some debates. In a tweet last Friday, Monero developer Riccardo Spagni calls out the Zcash Foundation for its funding strategy. The Zcash Funding Debacle One has to look at cryptocurrencies from many different angles. Most speculators and traders tend to forget all of these projects need to be funded one way or another. For Zcash, the creation of the Zcash Foundation should, in theory, take care of most problems in this department. So far that has not caused issues, although there is some criticism about the Foundation funding “nonsensical projects”. More specifically, the Zcash Foundation announced the winners of their quarterly Grants Program. A total of 13 projects will receive some funding to ensure their ideas can be turned into working and viable Zcash-oriented solutions. In response, Monero developer Riccardo Spagni called out the foundation for funding these projects while he himself has been paying the salary of Jane MercerWeiss, supposedly the person in charge of keeping the Windows and Mac wallets alive. So the @ZcashFoundation is using a fraction of the founders reward to pay for largely nonsensical projects. Meanwhile, I’ve been paying @radix42’s salary for ages to keep the Windows & Mac ZCash software alive because I believe privacy is that important. It’s a pleasure, @zooko. https://t.co/Pgm4DFCHv6 — Riccardo Spagni (@fluffypony) November 9, 2018 Why is the Zcash Foundation awarding grants to various projects while the person behind their Windows and Macintosh wallets is being paid by an outside party? It is this allegation which currently causes some scrutiny and concern. We reached out to the Zcash Foundation for comment. Sonya Mann, the foundation’s Communications Manager said: “The Zcash Foundation has funded half of the four grants that Jane MercerWeiss (radix42) has applied for, and the other two were voluntarily withdrawn, as you can see on GitHub: 1, 2, 3, 4. We attempted to reach an agreement outside of our Grants Program, but unfortunately our needs did not coincide with hers. WinZEC is a vital piece of technology in the Zcash ecosystem, and we’re glad that MercerWeiss has continued to develop and support it. The Foundation also commends Riccardo Spagni’s funding of open-source privacy infrastructure, but as a 501(c)(3) nonprofit we have certain constraints that he may not. (We have no visibility into his decision-making process.)” The reason that the foundation is not able to simply pay for MercerWeiss’ salary is because they are a nonprofit organization, they have to fund projects is through grants. There are exceptions however, Sonya Mann said: “we’re able to dispense funds outside of the Grants Program, but we need a certain amount of oversight and accountability with respect to contractors.” Furthermore, out of the four proposals that Jane MercerWeiss applied for, only one had anything to do with a Windows / Mac wallet. The proposal was made on Sep 15th, 2017 and was closed a day later by Jane’s request: “close this issue (I DO have a LOT of other things on my plate already!)” Features of the proposal ended up being merged with that of Vaklinov, a Zcash developer who was working on the Windows / Mac desktop GUI clients. His proposal was titled “Enhancements to the Zcash Dekstop GUI Wallet #7”. Looking over the github thread it is clear Vaklinov is a strong contributor to Zcash’s GUI wallets, which is even acknowledged by Jane herself: “I’m all in favor of Vaklinov rolling the duplicated or similar items from my gui-related proposal into his, and possibly closing mine altogether. I have 3 other proposals I’m working on, he is much more intimately familiar with the gui code” Nevertheless, it is commendable that Riccardo Spagni is supporting the Zcash Windows and Mac clients. However, it is important to understand that the Zcash foundation has also funded the development and improvement of the GUI clients. The post Zcash Foundation Responds to Monero Developer’s Tweet appeared first on NullTX.

3 hours ago

Cryptojacking Malware Mines Different Coins Depending on Your System

The latest cryptojacking malware coming out of Russia shows the evolving sophistication of the cryptocurrency space as it can analyze your system and choose which coin it will optimally mine. The new malware is known as WebCobra and comes with the added concern that attackers have begun hiding malicious code inside fake Windows update files. The malware is able to analyze your system to determine if it operates an x64 or x86 architecture, and based on that will install either a Monero or Zcash miner. As usual, a slowdown in operation and overheating are signs of malware infection. (JF)

3 hours ago

Stellar Overtakes EOS To Become The 5th Largest Cryptocurrency And Craig Wright's Bitcoin SV Leads The Hashrate War

The State of The Market - November 13, 2018 BTC: $6,370.46 (-0.49%) ETH: $208.65 (-1.32%) XRP: $0.5232 (+3.46%) The crypto market continues to trade horizontally, with Bitcoin below $6,400. However, Bitcoin managed to bounce back from $6,350 on multiple instances today. Ethereum, on the other hand, failed to hold on to its support at $210. Also, Bitcoin Cash, after crashing from its high of $635 last week, managed to find its support at $500 and is currently trading at $535. In other news, Bitfinex has announced the launch of Chain Split Tokens (CSTs) for traders to trade the upcoming Bitcoin Cash fork. Both Bitcoin ABC and Bitcoin SV will be available on the exchange under "BAB" and "BSV" tickers, against BTC and USD. However, margin and leverage will be unavailable. Also, Nouriel Roubini, infamously known as Dr Doom tweeted that it was only a matter of time before the FBI 'cracks down' Monero (XMR), a privacy-focused cryptocurrency. A few days ago, he compared cryptocurrencies to North Korea, and Vitalik Buterin as its dictator. 1) Stellar Lumens (XLM) has overtaken EOS to become the 5th largest cryptocurrency by market cap. XLM posted impressive gains over the past two weeks as news of a $125 million airdrop by Blockchain was announced. To date, the altcoin has rallied 27%, and this helped XLM to bump EOS from the top-5. Blockchain planned the airdrop 1-year ago, and Blockchain CEO Peter Smith said that airdrops are "a great way for crypto creators to drive decentralization and adoption for new networks." Meanwhile, EOS has been at the center of controversy as many holders believe the company operates more like a cloud computing service than a decentralized blockchain. 2) With the Bitcoin Cash fork scheduled for November 15, a majority of the network appears to support the Bitcoin SV camp, led by Craig Wright. At least 63% of the hashrate is currently supporting Bitcoin SV, while only 18% support for Bitcoin ABC. CoinGeek, SVPool, BMG Pool, okminer and mempool have announced support for Bitcoin SV. However, on Poloniex's futures market, BCHABC is trading at $415, and BCHSV is at $115. 3) Marshall Islands President Hilda Heine narrowly survived a vote of no confidence over national digital currency plans. Hilda Heine is the only female head of state in the Pacific region, and a no-confidence vote was called after a group of senators challenged her and her plans to support the launch of a national digital currency. The new currency, known as the Sovereign, would be an acceptable form of payment alongside the U.S. dollar. The vote in the legislature split the governing body equally, with 16 votes cast for and against Heine's removal. Since a majority failed to approve the vote of no-confidence, Heine retains her position. (VS)

14 hours ago

Nouriel Roubini Says the FBI Shall Soon Suppress Monero (XMR)

Nouriel Roubini, infamously known as Dr. Doom in the crypto sphere, recently tweeted that digital currencies do not offer anonymity. He added that it was only a matter of time before the FBI ‘cracks down’ Monero (XMR) which is privacy-centered. Nouriel said this in response to Ethereum’s Peter Szilagyi’s statement that the exposure of information on the blockchain is at times ‘complex and unpredictable.' However, this instance is not Nouriel’s first shot at Ethereum and its developers. A while back, he compared cryptocurrency to North Korea and Vitalik Buterin as its dictator. (KE)

19 hours ago

Monero [XMR] will be ‘cracked down’ by Feds soon, says Nouriel Roubini

Nouriel Roubini, popularly known as Dr. Doom in the crypto-space, recently tweeted stating that cryptocurrencies do not provide anonymity and it is only a matter of time before the Federal Bureau of Investigation “cracks down” on the privacy coin Monero [XMR]. The statement was made in response to an article, which mainly concentrates on a statement made by Peter Szilagyi, a core developer of Ethereum. Szilagyi, in an interview, had stressed about the information that is exposed through the blockchain technology, sometimes in “complex and unpredictable” ways. Roubini said: “So much for privacy, anonymity & censorship resistance: there is NO anonymity in crypto. Law enforcement authorities prefer transactions on crypto because it is easier to trace transactions & who is behind them than in banks. Wake up crypto zealots. & Feds will crack Monero too”. This is not the first time Roubini has showed his dissent towards Ethereum and the Foundation members. The war started when Roubini equated Bitcoin to North Korea and Vitalik Buterin as the dictator. The joust has been going on ever since, with Roubini standing against the very concept of cryptocurrencies. Nonetheless, this statement, like all his other statements, has riled up the whole community. Some of the members stated that this was the best part about blockchain and cryptocurrency and that this could be used to eradicate corruption. A user, DogKick commented: “Exactly why crypto can be such an effective tool at cracking corruption. Imagine if all public spending was this transparent.” Another user, NimaBeheshtian made a witty remark which said: “Feds want crypto to succeed. It’s to their best interest to have a system which tracks transactions. The ones who have been involved knew about this 10 years ago hence why the, “BTC is used to hide drug money” was such a stale and ignorant argument.” Moreover, Roubini also commented on the financial crisis, which is believed to be the next catalyst for the adoption of cryptocurrencies. While most people in the space are propagating that when the economy and governments are going to fail, the predictor of the 2008 financial crisis still believes otherwise. He said: “I warned about US fiscal issues well before most crypto zealots were born. So I DO NOT join forces with them on this matter. And my view is that fiscal issue will NOT lead investors to go into crypto assets that are worth LESS THAN ZERO” The post Monero [XMR] will be ‘cracked down’ by Feds soon, says Nouriel Roubini appeared first on AMBCrypto.

a day ago

Monero [XMR/USD] Technical Analysis: Bulls seek recluse as bears take over

Monero, the ninth-largest cryptocurrency, is currently trading at $106.60, with a market cap of $1.75 billion. The trading volume of XMR is $13.13 million, with 97% of it being contributed by Bithumb. 1-hour Source: Trading View There seems to be an uptrend spawning in the one-hour charts for Monero. The uptrend ranges from $103.05 to $106.41, while the downtrend ranges longer than the uptrend as it spawns from $111.82 to $107.80. The support at $103.05 is holding strong and the price is holding steady. The immediate resistance is set up at $107.80 while the subsequent resistances are set up at $109.13 and $109.95. The Parabolic SAR indicates a bullish run in the shorter time frames as the markers are forming below the candles. The MACD indicating a bearish move as seen from the bearish crossover. The MACD histogram has also reversed indicating the same. The Chaikin Money Flow is also indicating a bearish move as the line is dipping to the bottom. 1-day Source: Trading View Unlike other cryptocurrencies, a small uptrend can be seen on Monero’s chart. The uptrend spans from $84.20 to $105.45. The downtrend is significant due to its stretch from April, the price ranges from $261.16 to $114.07. There are two supports, one at $100.52 where the prices bounced off twice. The next support is spawned at $84.20. The prices have set new resistance at $115.58. The next resistance points are set up $137.89, $164.37, and $212.87. The Bollinger Bands are indicating a bearish trend as the prices are tumbling below the simple moving average indicating that the sellers are controlling the market. The Aroon indicator shows that the downtrend has lost strength, while the uptrend has gained strength after the crossover. The Stochastic indicator shows clearly shows a bearish crossover as the stochastic line saturated at the top, signaling that the markets are oversold. The lines have undergone a bearish crossover. Conclusion The charts show a gloomy future for Monero as MACD and CMF indicate the same. Only the Parabolic SAR indicates otherwise. The larger time frame i.e., the one-day chart, shows a bearish overall trend as the indicators shows the same. The post Monero [XMR/USD] Technical Analysis: Bulls seek recluse as bears take over appeared first on AMBCrypto.

a day ago

Government Regulation and the Future of Privacy-Focused Cryptocurrencies

In recent times, governments around the world have charted a new course for cryptocurrency regulation, and it’s one that seeks to exclude privacy-focused cryptocurrency. Moving away from the complete banning of digital currencies, these governments are tackling two core issues: protecting investors and traders, and making sure that cryptocurrencies avoid becoming breeding grounds for criminals. This trend has sparked many regulatory requirements, from anti-money laundering rules to KYCs. But as these governments intensify their regulations, we must ask ourselves what is the future of privacy-focused cryptocurrencies geared toward maintaining user privacy to the core? Anonymous Coins: Living Up to Their Names In its developmental stages, Bitcoin had earned a name as a cryptocurrency that provides complete anonymity to its users, drawing many privacy lovers to it. Today, that notion has changed completely. Though it might not be possible to trace transactions made on the Bitcoin blockchain to a specific identity, other details, including location and amount of transactions, are visible. And the fact that linking your identity to the blockchain will expose your transactions to the public ledger shows that, after all, the world’s largest and most popular cryptocurrency isn’t completely anonymous. In turn, privacy coins have come to save the day. Beginning its journey in 2014 as Xcoin and later Darkcoin, Dash is one of the most popular privacy-focused coins in the cryptosphere. Its privacy feature PrivateSend, previously called Darksend relies on the CoinJoin mechanism of boxing-up transactions and making them difficult to identify participants of a particular transaction Another popular privacy coin is Monero. Developed through the CryptoNight Proof of Work protocol, Monero has risen to be one of the best privacy coins in existence today. Transaction sources and destinations are untraceable in Monero. For example, to escape scrutiny from authorities, the WannaCry ransomware hackers reportedly converted their hoard to Monero. Additionally, after the closure of the darknet marketplace AlphaBay, authorities reported that they could not identify the amount of Monero on the platform, cementing the privacy coin as a good place not just for privacy-oriented individuals, but as a hiding place for some criminals. Other privacy coins have sprung up and gained popularity as well, including Zcash, PIVX, Navcoin, Verge, among others. For proponents of the privacy coin, cryptocurrencies should be able to help privacy-oriented people conduct their financial transactions without prying eyes. Providing that infrastructure shouldn’t be a headache. But unfortunately for many, governments do not think so. Government Crackdown on Privacy Coins Though there has not been a comprehensive regulatory oversight on cryptocurrencies in general, many governments are devising ways of preventing criminals from using these digital currencies as their go-to financial system. These governments are also making sure that traders and investors in this space pay tax. But for privacy coins, the story is not that favorable even though many authorities haven’t turned their attention to the anon coin sector. In a written testimony in June this year, Deputy Assistant Director of Office of Investigations at the US Secret Service Robert Novy recommended that privacy-focused cryptocurrencies like Monero and Zcash should be regulated to prevent fraud. In May, Japan’s Financial Services Agency put pressure on anonymous cryptocurrencies, gingering crypto exchanges like Coincheck, a Japanese-based cryptocurrency exchange to announce its delisting of privacy coins, including the likes of Augur, Monero, Dash, and ZCash. The reason? Coins that grant a high level of anonymity might be used for money laundering activities according to the FSA. But can Privacy-Focused Coins be Stopped by Governments? Government regulation would surely hamper the growth of privacy coins, but not completely. One specific area that would be hard hit is the ability to exchange these coins for fiat or other cryptocurrencies. However, as the cryptocurrency space grows, privacy would be an integral part of this sector, and privacy coins might potentially rule that space. As Chief Marketing Officer for Dash Fernando Gutierrez puts it, There are many legitimate reasons to want privacy in the cryptocurrency space and there is the obvious consideration about privacy being a human right but then there is the huge issue of security. Having financial information public or semi-public is extremely dangerous. The only way to provide security for the average user is to allow them to keep some information private. When cryptocurrencies find their way into the mainstream and become a true internet money as many predict, privacy coins would be the order of the day for people who don’t want to have a public ledger of their everyday transactions. When the time comes, governments might have to co

a day ago

Ripple, Monero, NEM See Solid Growth Amid Calm, Mostly Green Markets

Markets are seeing a wave of stability, with most major assets seeing low-level fluctuations both red and green, with strong growth from altcoins Ripple, Monero, NEM

a day ago

Evident Proof Blockchain Platform Accepts Dash and Ripple’s XRP to Broaden its User Base

Evident Proof; a decentralized, unhackable, and immutable blockchain protocol developed by former Microsoft employees has announced that it will start to accept Dash and XRP as their adoption in the crypto sphere continues to grow. The blockchain protocol also accepts BTC, ETH, Bitcoin Cash, Litecoin, Monero, and BNB tokens which were chosen because they are popular within the developer community. The digital assets can be exchanged for the platform’s native tokens (EPT) and can be used as a form of payment for platform fees. Evident Proof Eyes Growth Adrian Clarke, the founder, and chief executive of Evident Proof spoke highly of the adoption of the two digital assets. Clarke said: “The speed in transaction times together with the relative price stability has influenced our decision to accept these new coins. As business adoption of these two cryptocurrencies soar, there is a synergy in accepting them within our platform as opening up EPT to these new tokens increases accessibility and helps to broaden the potential business user base of the Evident Proof platform.” Dash is known for its speed and anonymity. The digital asset has been widely adopted in Venezuela since the country’s native currency collapsed due to hyperinflation. With a market cap of more than $1.3 billion, Dash is the 13th largest cryptocurrency by market capitalization. Its price is currently trading at $167.08, up by 3.86 percent today. Ripple’s XRP is the third largest digital asset by market cap and is trading at $0.50, up by 1.03 percent in the last 24 hours, according to data provided by CoinMarketCap. In recent times, Evident Proof has had a good run of good news. The firm scored 100 percent after its smart contracts were audited by the well-known Hosho. The company also got a seal of approval by CMS, the second largest law firm in the UK. According to the seal, data verified by the firm is admissible in courts in several jurisdictions including the UK, U.S. Europe, Hong Kong, and China. Evident Proof Blockchain Platform Accepts Dash and Ripple’s XRP to Broaden its User Base was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 days ago

Bitcoin Price Unbudgeable at $6,400, What Does the Market has to Say?

Stuck at $6,500, Bitcoin is in green but with little to no movement while a few altcoins are registering decent greens. It is expected of Bitcoin to break lower and end its consolidation phase. Meanwhile, crypto market participants are bullish on its future. Bitcoin in Green at $6,400 At the time of writing, Bitcoin has been trading at $6,406.26 while registering 24-hours gains of 0.12 percent. The world’s leading cryptocurrency is managing the daily trading volume of $4.17 billion with a market cap of $111 billion. Chart Source: coinmarketcap.com Though it has moved up from today’s low at $6,360, for the past 3-months, BTC price is stuck at $6,500, oscillating between the $6k and $7k range. This has taken the volatility severely low, even lower than many national currencies like Turkish lira along with stock markets. This extending lack of volatility is pointing toward higher chances of breaking lower. It will mean the consolidation phase will finally come to an end. Going upwards, BTC will find resistance at $6,480 and support at $6,242 when going downwards. If we take a look at the earlier trends, the chances of going lower in the next few weeks for BTC are higher. What does the Market Say? Meanwhile, a few of the altcoins are enjoying the gains such as Stellar (XLM), Monero (XMR), and IOTA (MIOTA) that are up by close to 2 percent while NEM is up by about 14 percent. Shapeshift CEO, Erik Voorhees shared his bullish views on crypto with, “When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can’t possibly ever pay it back, and thus must print it instead, and thus fiat is doomed... watch what happens to crypto.” Amidst the experts and analysts calling out for a bottom for BItcoin, the CEO of the top crypto exchange Binance, Changpeng Zhao recently in an interview with CNBC’s Ran Neu Ner shared that, “Even if I don’t know what will catalyze a bitcoin bull run, I am certain it will happen... Sooner or later, something will trigger it.” CZ further mentioned, “Compared to January [of 2018], we are probably down 90 percent. So we only have one-tenth of the trading volume compared to what we had in January. But, compared to like a year or two years ago, we’re still trading at huge volumes. Business is still okay, we are still profitable, and we are still a very healthy business.” He also shared that they are constantly adding more users this year which was essential a bear market, except for the January highs. Moreover, the entry of institutions “may be a really strong trigger.” Recently, Gabor Gurbacs, the director of Digital Asset Strategy at the New York-based investment management firm VanEck talked about Bitcoin ETFs, ”What sets our ETF apart is that it’s a physical bitcoin ETF. So, it stays true to the bitcoin you own in underlying. It’s fully insured so if there is any theft, hacks or losses, then the insurance covers it.” Gurbacs further shared the potential of these ETFs, ”Our gold ETFs are already in a few billion dollars range. There are gold ETFs in the $10 billion range as well. I wouldn’t be surprised if a bitcoin ETF gets in a few billion dollars range.” The post Bitcoin Price Unbudgeable at $6,400, What Does the Market has to Say? appeared first on Coingape.

2 days ago

Bitcoin ATM Industry Set to Breach 4,000 Machines Worldwide

The number of Bitcoin ATMs sits at 3,989 on CoinATMRadar as of 11 November 2018 and at the average installation rate of 6.29 Bitcoin ATMs per day, the total worldwide should pass 4,000 over the next few days. The number of Bitcoin ATMs has been growing exponentially, with a 100% increase likely in 2018. This article analyzes the Bitcoin ATM industry by type of ATM, cryptocurrencies offered, countries and manufacturers. There are only two fundamental types of cryptocurrency ATMS, 1-way which offer buying services and 2-way which offer buy and sell. There are 2,038 1-way ATMs, and 1,081 2-way machines. While 1-way Bitcoin ATMs are important, 2-way models are more optimized for spreading cryptocurrency adoption, since these turn Bitcoin into a currency that can be used in everyday life, allowing users to sell cryptocurrency for essential things like food and rent. Just about all (99.9%) cryptocurrency ATMs offer Bitcoin: 2,335 offer Litecoin, 1,799 offer Ether, 1,302 offer Bitcoin Cash, 693 offer Dash, 82 offer Monero, 70 offer Dogecoin, and 56 offer Zcash. These are the most popular and reputable cryptocurrencies and at this time, no ATM offers all possible cryptocurrencies. North America dominates the Bitcoin ATM industry with 2,371 in the United States and 677 in Canada. This leaves fewer than 1,000 in the rest of the world. Europe is in second place, with 248 in Austria, 208 in the United Kingdom, 77 in Russia, 67 in Spain, 67 in the Czech Republic, 42 in Switzerland, 38 in Italy, 35 in Slovakia, 26 in Poland, 25 in the Netherlands, 23 in Romania, 19 in Finland, 18 in Greece, 13 in Slovenia, 12 in Hungary, and surprisingly, only 2 in France and 1 in Germany. Despite its second place in continental rankings, they are still considered a rarity in Europe. Outside North America and Europe, less than 5% of Bitcoin ATMs can be found. The massive continent of Asia only has 100 machines - fewer than 1 ATM for every major city. An outlier in the Middle East is the tiny country of Israel, which has 8 Bitcoin ATMs. Australia has 55, and New Zealand has a mere 2. South America has fewer than 40 Bitcoin ATMs, and Africa fewer than 10. While the Bitcoin ATM industry is booming, these figures clearly show that Bitcoin ATMs are a rarity in most of the world, and there is a vast amount of room for the industry to grow. Aside from in the United States and Canada, it is still the very early days for the Bitcoin ATM industry. As far as manufacturers go, Genesis Coin and General Bytes dominate the global Bitcoin ATM industry with over 1,000 each. Lamassu, BitAccess, Coinsource, and Covault have more than 100 Bitcoin ATMs each. Beyond this, there are 38 manufacturers with fewer than 100 Bitcoin ATMs, 4 of which have no machines deployed yet. Although the deployment number for some of these manufacturers are insignificant, it only takes one contract with a country that has practically no Bitcoin ATMs to propel any of these manufacturers to the top of the ranks. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Bitcoin ATM Industry Set to Breach 4,000 Machines Worldwide appeared first on BitcoinNews.com.

2 days ago

Ethereum [ETH] mining scam in school campus; principal gets sacked

The blockchain community has had a massive impact on society, across multiple industries, since its inception in the 2000s. However, it is still debatable as to which of the sides - positive or negative - has a bigger imprint on the world. A veritable stress-worthy operation that often hits environmentalists in the throat is crypto-mining, due to its heavy consumption of power. According to recent reports in the local news portals of China, it has been discovered that Ethereum [ETH], the second-largest coin on the index, has caused a Hunan-based school much trouble. The principal, Lei Hua of Puman Middle School in Chenzhou, Hunan province was sacked over mining ETH secretly inside the campus. Hua began mining Ether last year, in the month of June. The total cost of the mining set up came up to around $1,440. However, the cost of electricity consumed by the operation was high, which caused Hua to run the mining process within the school campus. The miner used school resources such as electricity and free internet to mine the tokens successfully. There were a total of nine machines that strained and exhausted the campus power to almost reach a point where the operation could have caused a fire in the school, also making the internet connection oddly slow. The authority concerned with the school infrastructure turned suspicious and launched an audit, leading to the discovery of the mining equipment. The profits obtained by the cryptocurrency mining were also confiscated by the concerned authority, in addition to dispelling the culprit from the school. This is not the first time that crypto-mining has been under the shadows of corruption. Monero [XMR], which is the leading privacy coin at the moment has also experienced multiple cases of scam, hack, crypto-jacking and more. Amazon, a high-performing market stock and part of FANG [Facebook Amazon Netflix Google] also became the victim of the Monero crypto-jacking scam wherein the miners secretly ran Coinhive in the background of multiple website portals to mine Monero illegally. The post Ethereum [ETH] mining scam in school campus; principal gets sacked appeared first on AMBCrypto.

2 days ago

Monero (XMR) topples Tether (USDT), BAT falls further by 6%

Something interesting has been going on in the cryptocurrency market in the last 24hrs. Monero (XMR) as of yesterday was the world’s tenth largest cryptocurrency token, in a twist of events in a 24hr time period, the token has not only squashed its opponent Tether (USDT) to become the ninth largest cryptocurrency bay a large margin but has also attained an impressive price volume while it gathers momentum to overthrow its next competitor. As of Nov 11th, Monero had descended by 2.67% and was trading at a price of $103.36. Right above Monero, Tether’s trading price sat at $0.998064 after attaining slight gains of 0.38%. It didn’t take too long for Monroe to crawl its way up once its trading volume began to swell. The token moved up by a percentage of 2.10, pushing its trading price to $105.80. An upsurge in trading volume kicked Monero’s marketcap from $1.71 billion to $1.75 billion against Tether token whose market cap was at $1.77 billion but has now declined to $1.69 billion. Traders from exchange giants Binance and Bithumb can be credited for the token’s current trading price. Bithumb trading pairs against the South Korean Won (KRW) totaled at $530.49 million, while Binance trading pairs of Monero against Bitcoin rounded up at $4.30 million. Cardano (Ada) which has fallen by 1.61% might be knocked out by Monero as the token continues to skyrocket. Meanwhile, BAT has continued to suffer huge losses since its listing on both CoinbasePro and Coinbase.com. The token has moved from the 29th spot in the last seven days to sit at the 34th position. From a trading price of $0.316637 upon Pro’s listing, BAT now trades at $0.249006 as of this writing. Declining by 4.43% in the last 24hrs, BAT is still struggling to maintain stability. The post Monero (XMR) topples Tether (USDT), BAT falls further by 6% appeared first on ZyCrypto.

2 days ago

Ethereum [ETH] mining scam in school campus; principle gets sacked

The blockchain community has had a massive impact on society, across multiple industries, since its inception in the 2000s. However, it is still debatable as to which of the sides - positive or negative - has a bigger imprint on the world. A veritable stress-worthy operation that often hits environmentalists in the throat is crypto-mining, due to its heavy consumption of power. According to recent reports in the local news portals of China, it has been discovered that Ethereum [ETH], the second-largest coin on the index, has caused a Hunan-based school much trouble. The principle, Lei Hua of Puman Middle School in Chenzhou, Hunan province was sacked over mining ETH secretly inside the campus. Hua began mining Ether last year, in the month of June. The total cost of the mining set up came up to around $1,440. However, the cost of electricity consumed by the operation was high, which caused Hua to run the mining process within the school campus. The miner used school resources such as electricity and free internet to mine the tokens successfully. There were a total of nine machines that strained and exhausted the campus power to almost reach a point where the operation could have caused a fire in the school, also making the internet connection oddly slow. The authority concerned with the school infrastructure turned suspicious and launched an audit, leading to the discovery of the mining equipment. The profits obtained by the cryptocurrency mining were also confiscated by the concerned authority, in addition to dispelling the culprit from the school. This is not the first time that crypto-mining has been under the shadows of corruption. Monero [XMR], which is the leading privacy coin at the moment has also experienced multiple cases of scam, hack, crypto-jacking and more. Amazon, a high-performing market stock and part of FANG [Facebook Amazon Netflix Google] also became the victim of the Monero crypto-jacking scam wherein the miners secretly ran Coinhive in the background of multiple website portals to mine Monero illegally. The post Ethereum [ETH] mining scam in school campus; principle gets sacked appeared first on AMBCrypto.

2 days ago

Cryptocurrency Trading Update: Minimal Momentum on Monday Markets

FOMO Moments Monday movement is lacking on markets; Stellar making gains, Bitcoin Cash and BAT getting battered. There was no further momentum over the weekend and crypto markets have continued to slowly slide back this Monday morning. Total market capitalization is still over $210 billion, but only just, having lost almost $10 billion since Wednesday’s peak last week. Bitcoin’s failure to make any progress above $6,400 has kept the rest of the crypto markets flat. BTC is currently trading at $6,395 but analysts predict bullish upsides leading up to its rival, Bitcoin Cash’s hard fork on the 15th. Ethereum has remained immobile and stuck around the same level, $210. The top ten is predominantly red at the moment as traders in Asia have been selling all day. Bitcoin Cash is taking the biggest dive with 7% down to $510. Despite the looming hard fork, BCH has dumped 20% in less than five days. Other losses in the top ten are tiny, with Litecoin down almost 2%. Stellar is actually making a gain at the moment with 3% to $0.275, and Monero is also up 2% taking XMR to $105. In the top twenty things are similar with only a percent or two movement in either direction. Zcash is the worst performer in that section at the moment with a 4% slide to $125, Tron is also down over 2% to $0.022. The day’s big pump is coming from MOAC which has surged 23% at the time of writing. Insight Chain has also entered the top one hundred and is up 9% at the moment. Very few other altcoins are making any significant gains today. Getting dumped along with BCH is Eternal Token and Veritaseum both down over 7% on the day. BAT and Siacoin are also having a bad day with over 6% losses since the same time yesterday. Total crypto market capitalization has declined almost one percent since Sunday and is currently at $211 billion. A $3 billion pump a few hours ago looked promising but all gains since then have been lost once again. Trade volume remains at around $12 billion on the day and the sideways consolidation continues. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Trading Update: Minimal Momentum on Monday Markets appeared first on NewsBTC.

2 days ago

Bitcoin ATMs Have Spread to 4,000 Locations Globally

Numerous signs of maturity can be noted across the cryptocurrency industry. A growing number of Bitcoin ATMs is making their mark on the world. This month, the number is expected to surpass the 4,000 milestone. Another Milestone for Bitcoin ATMs Making cryptocurrency more accessible remains a key priority. Bitcoin ATMs have their role to play in this regard. These machines make it easier to buy bitcoin and altcoins with fiat currencies. Nearly 4,000 of these devices can be accessed on a global scale. It is a low number compared to bank ATMs, but more devices are brought online every single day. Currently over 6 Bitcoin ATMs come online every single day. In May, Bitcoinist reported on the 3,000 location milestone for Bitcoin ATMs worldwide. North America is the place to be for accessing Bitcoin ATMs. The continent controls 71.3% of the market at this time. Europe is the somewhat surprising second entrant on the list. Nearly one in four devices can be found in top European cities. Asia, while quite prominent in cryptocurrency trading, only houses 2.56% of all Bitcoin ATMs. Oceania, South America, and Africa are even further down the rankings. One peculiar trend is how operators are not just focusing on Bitcoin. Over six in ten machines support altcoins in various degrees. Litecoin is the most popular altcoin offering, followed by Ethereum and Bitcoin Cash. Support for Dash, Monero, Dogecoin, and ZCash also appears to be on the rise. Additionally, nearly four in ten Bitcoin ATMs let users both buy and sell cryptocurrency. Manufacturer Competition Heats up In the early days of the Bitcoin ATM industry, Lamassu was the most prominent company. That situation has changed over time. Its current market share sits at 10.96%, making it the third-most common manufacturer. Genesis Coin currently maintains a small lead over General Bytes. Further down the list, names such as BitAccess, Coinsource, Covault, and OrderbobATM are also trying to increase their market position. New producers have also come to market over the years. BitxATM, CoinOutlet, Bitnovo, and DOBI ATM are just some of the up-and-coming manufacturers. This level of competition is another sign of Bitcoin’s maturity. Increasing exposure for cryptocurrency will be a vital aspect of reaching mainstream adoption. One aspect of Bitcoin ATM services which needs to be improved upon is transaction fees. Buying cryptocurrency remains subject to an average fee of 8.85%. Selling cryptocurrency is slightly cheaper, at a cost of 7.9%. Compared to using normal exchanges, these costs are quite steep. At the same time, the level of convenience is very different. More convenience usually leads to higher premium fees in the financial industry. Images courtesy of Shutterstock, coinatmradar.com The post Bitcoin ATMs Have Spread to 4,000 Locations Globally appeared first on Bitcoinist.com.

3 days ago

Malicious Cryptocurrency Mining Malware Masks Itself as Windows Installation Files

Cryptocurrency mining does not benefit from the best of reputations. That is primarily due to the growing number of nefarious efforts involving this business model. A recent development shows malware capable of mining cryptocurrency is now targeting Windows users. The Cryptocurrency Mining Malware Trend Continues Over the past few months, various alerts pertaining to crypto mining have surfaced. All of these incidents revolve around criminals hijacking computers to mine Monero or other currencies. In a new spin on this attack, Windows users are being targeted on purpose. Cryptojacking, while a very worrisome trend already, is only growing into a bigger industry at this stage. Trend Micro researchers have stumbled across a new development. Their study of malicious cryptocurrency mining highlights an emerging trend. By actively distributing Windows installation packages, criminals try to mask their nefarious intentions. Unlike other distribution methods, Windows Installer MSI files are perfectly legitimate. As such, they do not necessarily arouse suspicion immediately. There is a lot more to this new malware distribution campaign. In the software “directory”, numerous files are added as a decoy. Anti-malware tools installed on a computer will be tricked into overlooking these files altogether. This is another example of how crafty criminals have gotten in recent years. Addressing the Epidemic Remains a Problem Another peculiar aspect of this new malware deserves to be highlighted. This new tool, dubbed CoinMiner, does not just engage in malicious cryptocurrency mining. It also has a self-destruct feature to mask its activity. If the malware is detected by any software solution, it will simply delete its own installation directory completely. This particular approach by criminals makes it difficult to thwart cryptojacking. If mining malware can come and go without leaving a trace, there is very little recourse to be taken. While malicious cryptocurrency mining scripts are easy to spot, these Windows Installation files are very different. It is another example of how the cryptojacking trend continues to evolve. Earlier this year, this cryptocurrency mining trend took different shapes. The scripts became less apparent. Instead, malicious Flash updates and vulnerable routers became the new targets to exploit. By going after Windows users, this cryptojacking threat becomes a lot more troublesome to nip in the bud. Windows is the world’s most popular computer operating system, after all. How can Windows users protect themselves from this variant of cryptomining malware? Let us know in the comments below. Images courtesy of Shutterstock The post Malicious Cryptocurrency Mining Malware Masks Itself as Windows Installation Files appeared first on Live Bitcoin News.

4 days ago

98% of Monero volume is by Koreans, why?

Im just curious why Koreans love Monero? I just saw CoinMarketCap shows more then 98% of all monero trading volume is done by one Korean exchange. I really like Monero i think it's better then Bitcoin, but fact that 98% of demand is in single place -scares me. what if Korea bans it, closes exchange.. demand would go to super low levels. Anyway question is, would be great to hear from Koreans - Why Monero? Gov too strict? You personally just need privacy..? why? Thanks.

4 days ago

Swiss Report Confirms that Trojan Malware is Attacking Crypto Exchanges

Switzerland's Reporting and Analysis Centre for Information Assurance (MELANI) recently released a report confirming that a Trojan virus that mines Monero (XMR) is responsible for one of the largest malware attacks on the Swiss cryptocurrency industry this year. The Trojan Dridex malware, also known as Cridex, has typically been used to hack online banking accounts but MELANI found that it is increasingly being used to attack cryptocurrency exchanges. The report also found that Monerominer is responsible for the sixth largest attack on the Swiss crypto industry this year. Monerominer is capable of logging and tracking keystrokes and the malware can encrypt hard disks in order to hold accounts ransom. (RS)

4 days ago

Swiss Cyber Security Agency Warns About Trojan Attacks Against Crypto Exchanges

Cryptocurrency exchanges play a key role in this growing industry. They offer convenient access for buying or selling different digital assets. These platforms are also a prime target for hackers and criminals. Especially in Switzerland, the exchanges are being targeted in many different ways. The Worrisome Situation for Exchanges MELANI is one of Switzerland’s government agencies focusing on online security and research. Its most recent findings paint a rather worrisome outlook. The researchers note criminals show less interest in attack online banking services. While that is positive, the consequences of this decision are anything but. Their focus is now shifting toward cryptocurrency exchanges. More specifically, the attack against exchanges is very different from what one may expect. Criminals are resorting to using existing Trojan Horses. These types of malware are designed to infiltrate computers, networks, and organizations. Dridex, a renowned e-banking Trojan, is now modified to target cryptocurrency trading platforms. A similar trend becomes apparent when looking at Gozi. This malware has been around for nearly a full decade. It is still being updated to this very day, which is always problematic. For now, the malware is targeting exchanges dealing with crypto assets. Both Trojans seem intent on spreading themselves as quickly as possible. This is usually achieved through paid advertisements in popular search engines. Other Problems Become Worse Over Time Switzerland appears to be home to many different cryptocurrency-related criminal activities. Distribution of Trojan Horses is difficult enough to handle. There is also the rise of cryptojacking in the country. This trend is not unique to Switzerland by any means. A lot of countries around the world fall victim to an increase in illegal Monero mining. The Monerominer bot is the main threat, according to MELANI. In the first half of 2018, this malware ranked sixth on the prevalent threats list. This malware does not just mine Monero, as the name suggests. It is also capable of downloading and installing a growing range of additional malicious software. Moreover, it also displays ransomware traits. All of these threats prove problematic for cryptocurrency enthusiasts in Switzerland. Keeping computers safe from harm is challenging in its own right. For exchanges, the threats are also piling up. They need to step up their security game to ensure user funds is kept safe at all times. The crypto industry has seen numerous hacks in the past few years. Ensuring that number does not grow beyond proportion will be the key challenge, for now. Have you been a victim of crypto malware? What do you think can be done to protect against it? Let us know in the comments below. Images courtesy of Shutterstock The post Swiss Cyber Security Agency Warns About Trojan Attacks Against Crypto Exchanges appeared first on Live Bitcoin News.

4 days ago

Monero [XMR] UI/UX designer: Protecting people doesn’t come without protecting privacy

Diego Salazar aka Rehrar, a UI/UX designer in the Monero community, advocated the need for privacy and why he is into Monero in a podcast recently. On the Coin Boys podcast, Salazar spoke about the privacy aspects of Monero and what attracted him to the community. He said that he got into Monero community a year and a half earlier and further confirmed how Monero was started as a scam by a user, ‘Thankful_for_today’. The core team developers later discovered the scam and took over the project [Monero] from him. Thankful_for_today was a user on Bitcointalk forum who forked the codebase of Bytecoin into the name BitMonero, which is an amalgamation of Bit [Bitcoin] and Monero. This literally translates into ‘coin’ in Esperanto. He added: “And at the same time, if the core team member starts doing something the community doesn’t like, we can take it from them. So one of the things we do and trust them with is looking over the code and merging it and building the binaries and signing those because they’re trusted members of the community like FluffyPony, ArcticMine and Luigi111.” Touching on the more intriguing aspects that attracted him to Monero, Rehrar said that he was a huge advocate of privacy and believed that privacy was instrumental and fundamental to our civil liberties. He continued saying if privacy was eroded, liberties would erode along with it, and that it was vastly seen in totalitarian governments. Furthermore, Salazar said that for people in first-world countries, lack of privacy would mostly be used for nothing more than targeted advertising. According to him, if people from other countries lacked privacy, they could go to jail or get killed. Explaining what attracted him to Monero, he said that they were creating a currency taking into account the survival of these people. He stated: “We’re looking on the fringes of the people that actually need this technology, not where the institutional money is. More importantly, we’re seeing how can we really help people with this technology and you can’t really do it without privacy.” The post Monero [XMR] UI/UX designer: Protecting people doesn’t come without protecting privacy appeared first on AMBCrypto.

4 days ago

Trojan “Dridex” One Of The Strongest Crypto Malware In Swiss

One of the countries that have been recorded among the top crypto friendly countries is Switzerland. Its government has been able to give free access to banking services to crypto users and companies unlike countries like Japan, South Korea, and China. Irrespective of this free hand, the operations in the cryptocurrencies industry is not regulated yet in the country. This has led to an increase in the malware attack on crypto firms and users. In the semi-annual report of The Reporting and Analysis Centre for Information Assurance (MELANI) published on November 8th, which is their 27th publication, it was stated that cyber attacks in Swiss in the first half of 2018 is quite significant. From the report, it was seen that the crypto sphere was not left behind in the attack in the country as malware for crypto mining called the “Monerominer” and the “Gozi” Trojan were used on Swiss crypto computers. The effect that is caused the “Monerominer” crypto malware led the Monero team to launch a support group that will be used to help those affected by it as is now felt globally. The impact of this crypto miner malware had made Switzerland to be ranked as the number 6th country among countries that are most affected by the cyber attack. The second crypto miner malware called “Gozi” Trojan is now attacking and targeting cryptocurrency exchanges since technology has now been evolving around cryptocurrency and blockchain. The effect of this cyber malware was first discovered in 2009 when it was used by attackers on e-bank users and systems. One of Trojan malware that is now used against offline payment systems and cryptocurrency exchanges is the Dridex that was formally known as the Cridex. It started in 2016 and has infected a lot of Swiss computers. The post Trojan “Dridex” One Of The Strongest Crypto Malware In Swiss appeared first on ZyCrypto.

4 days ago

Craig Wright to Roger Ver: “You Are My enemy. You Have F*cking No Idea What That Means”

The Bitcoin Cash community seems to be living a soap opera coming closer to its climax. After the last tweets from Craig Wright talking about an internal war in the Bitcoin Cash community, Roger Ver went to youtube to express his opinions about him and the consequences that the fork planned for November 15th could bring. Basically, there are two factions with different ideas: The Bitcoin ABC camp has the clear majority of supporters (10 to 1 according to Ver estimates) and Bitcoin SV (Bitcoin Satoshi’s Vision) which is mainly supported by Craig Wright and Mr. Calvin Ayre. Roger Ver is a fervent backer of Bitcoin ABC. courtesy: Bitcoin.com Apparently, Roger’s decision outraged Craig Wright who sent a threatening email to Ver. In the video, Roger Ver shows what appears to be a screenshot of the email mentioning the threats and insults that Wright wrote to him, among other things for questioning whether he was Satoshi Nakamoto: “If you want a war... I will do 2 years of no trade. Nothing. In the war, no coin can trade. If you want ABC, you want shitcoins, welcome to bankruptcy. It was nice knowing you. Bitcoin will die before ABC shits on it. I will see BCH trade at 0 for a few years. Will you? Side with ABC, you hate bitcoin, you are my enemy. You have fucking no idea what that means. You will. I AM Satoshi. Have a nice life. You will now discover me when pissed off. And, no. You Could have had proof. Your choice. Fuck you, Craig” According to Roger, Craig’s immature attitude is a far cry from the civilized, objective manner in which Calvin Ayre addressed him in an e-mail acknowledging that there is a divergence of opinion between the two: “(What Craig wrote is) not the sort of thing that a forty-something-year-old man, that a mature businessman would say. In contrast, Calvin Ayre I like. Calvin ayre sent me an email where he writes there was disagreement here, and he said something along the lines: Roger, whenever you’re ready to rejoin the camp that supports economic freedom, we are here; we’re ready for you ... That seems like something a sane person would say.” He went on to criticize Wright’s personality, pointing out that he agrees with Vitalik Buterin and his views on Wright’s claims to be the real Satoshi Nakamoto: “I’ll close this video with a point made by Vitalik Buterin, another one of these absolute geniuses that the crypto-coin ecosystem is so lucky to have: In reference to Craig he said that if it turned out that Craig was Satoshi, it would lower his opinion of Satoshi, (but) it wouldn’t improve his opinion of Craig... And I think I agree with Vitalik on that point.” “Wright vs Ver” Debate: Is Cryptocurrency Over The Law? The BCH community has joined the debate, mainly due to Mr. Ver’s ideas that anyone should use crypto coins for any peaceful use, including the use of drugs such as crack. In such sense, Not only Wright but also a substantial number of users criticize this position since they consider that it is not what Satoshi Nakamoto had in mind, nor it is the noblest use for cryptocurrencies What many fail to see, is that I do not want to win and have ABC join me. I want them eradicated, not in Bitcoin, gone. Bitcoin is NOT anarchist.Bitcoin is NOT Anti-stateBitcoin is NOT permissionless. If you think that, I do not want you. Work on EOS or some other fraud. pic.twitter.com/em6l18nRok — Dr Craig S Wright (@ProfFaustus) November 9, 2018 The idea that Bitcoin with ABC needs to be made into a drug market - as Ver wants is wrong — Dr Craig S Wright (@ProfFaustus) November 8, 2018 Why don’t Roger piss off to Monero then? All the mentally ill drug addicts can all fill their boots ..... — The Bitcoin Tramp (@TheBitcoinTramp) November 9, 2018 1) @rogerkver - you are wrong if you think bitcoin gives freedom to buy drugs. Drugs should be legal, but that's not the way to do it.If you don't like a law - change it.If you break the law, you will just be pointed to as the reason to make that law stronger. — Bitcoin Sofia (@BitcoinSofia) November 8, 2018 I do not like the drug laws we currently have. But, Bitcoin will not go far if it explicitly includes things in the protocol that open up legal liability, and can be seen as enabling unlawful activity. There is a fine line. @ProfFaustus is a lawyer, knows and is right on this! — BCH KING (@blogzap_) November 8, 2018 I watched the video so you don't have to.Starts out emotional while talking about CSW and reads the email out loud.11:55 starts unloading the hotel room's mini bar while talking about drugs.18:40 Says core people were right about being worried about contentious hard forks. — WhalePanda (@WhalePanda) November 8, 2018 The post Craig Wright to Roger Ver: “You Are My enemy. You Have F*cking No Idea What That Means” appeared first on Ethereum World News.

4 days ago

What is the COINiD Cold Storage Solution?

Cryptocurrency users all over the world are always looking for ways to keep their funds safe and secure. That is a pretty big challenge, especially when buying a hardware wallet is not an option. COINiD, a new software-based cold storage solution, may offer a viable alternative in this department moving forward. The COINiD Concept Explained For those who are unfamiliar with COINiD, it is a software solution providing cryptocurrency cold storage solutions to Android and iOS users. This wallet solution is completely open sourced first and foremost, which means anyone can review the code to determine whether or not this solution is worth exploring. How Does it Work? What most people are interested in is how the COINiD solution works and what it has to offer. It is designed to support cryptocurrencies, with support for Bitcoin available at this time. Other currencies may be added moving forward, as the site makes mention of Litecoin, Ethereum, Monero, Dash, and a few others. The functionality provided by COINiD includes full control over private keys, offline address validation, SegWit support, biometric authentication, and so forth. The biometric authentication supports fingerprint scanning on Android and FaceID scans for iOS devices. There is still more functionality waiting to be added moving forward, although the current set of features is rather compelling as well. The COINiD solution exists of two different applications to provide additional security. The COINiD Vault stores private key information in a completely offline manner and signs transactions. The COINiD Wallet is a regular wallet solution to spend and receive funds. It also communicates with COINiD Vault for transaction signing. As such, users can benefit from additional security and give one of their old Android or iOS devices a second lease on life. Is it a Viable Solution? For those cryptocurrency users who do not feel comfortable using anything other than mobile devices to keep their holdings safe, this option is worth exploring. Most people rely on hardware wallets, as they are more secure in general. However, the COINiD concept certainly has plenty of merit, assuming one has a spare device to “sacrifice” for this specific purpose. Having multiple options to store cryptocurrency is never a bad idea, though. The post What is the COINiD Cold Storage Solution? appeared first on NullTX.

4 days ago

Swiss Report Shows Trojan Malware Attacking Crypto Exchanges

A Swiss report has unearthed that a virus that mines Monero is responsible for one of the largest attacks on the Swiss crypto industry this year.

4 days ago

Ditch Ethereum At Your Own Peril: DApp Founder

Ethereum (ETH) has had bad press lately. Erstwhile Ethereum dApps are moving onto other networks; prices are at rock bottom. At a conference not too long ago, one cryptocurrency trader described ether tokens as “practically dogshit.” But through all of the trials and tribulations, some projects are rallying around to defend the grand old lady from mounting hostility. Ethereum is far from perfect, they say, but it is better than the other platforms out there. Uriel Peled is the co-founder of Orbs, an application for well-known consumer brands to use blockchain technology. Orbs is based on the Ethereum network; its principal purpose is to offer the technological equipage and infrastructure for big firms to build their own decentralized applications that are scalable, effective and secure. The project raised $118m in its ICO, which concluded in May this year. Speaking to Crypto Briefing over the phone, Peled explained how he had previously harbored deep-seated concerns about the platform: he didn’t think Ethereum had a future, due to crippling scalability issues which sapped confidence. “The network simply didn’t work,” he said. “It was a good proof-of-concept but my initial view was that it would be superseded by the next generation of platform networks.” “Now I think that the Ethereum network isn’t going anywhere”, he added. The network offers Ethereum dApps security Peled thinks of Ethereum as the basic technological standard for the sector. There are hundreds of active ERC20 tokens (of varying quality) in the space. Most projects originally launched their public sales on the network, and ether tokens were the moneta franca during last year’s ICO boom. “People and projects are simply more familiar with it [Ethereum] than they are with other projects”, he said. “I still haven’t seen a single network which can directly challenge them on this.” Further, and more importantly, it’s a secure network. Ethereum dApps can’t be compromised by the platform itself. Peled thinks this is often an overlooked factor by projects which fix their attention on scalability. He explains that Orbs has been able to create a scalable network while still being based on Ethereum. “Projects themselves can look at improving throughput, sure,” he said. “But the key factor is you can’t add security retrospectively. If the network itself isn’t that secure, then hackers and bad actors will have a backdoor into your dApp. To my knowledge there’s very little you can really do if that happens.” The community should see Ethereum as the ideal base layer, says Peled. It’s secure and familiar to most people, but projects can add their own features, like scalability or privacy, as additional layers. Essentially Ethereum will become the best-decentralized network if it’s treated as a foundation or base that other projects can layer-up on. “Do we need an entire blockchain for privacy payments?”, says Peled. “No, we don’t. Projects like Zcash and Monero are good at what they do for sure; privacy is important, but it’s overkill to construct an entire network for what is practically one feature.” “You could build a privacy payment layer just as well on Ethereum,” he adds. The best of the blockchain platforms? Ether prices, which are all-too-often the only metric for a project’s value, have been on a downward trajectory since the high of around $1350 at the beginning of the year. Some hope the $200 mark is the project’s floor price and that any move above represents a bullish signal. Could it ever return to its former glory? Who knows. Some suggest Ethereum could be one of the big winners in 2019, with a 300% surge in value. Still there are numerous predictions to the contrary that still think the price of ether will drop to $0. Price is always given pride of place, but what Peled says is different. In the long-term, it won’t so much be the price itself that will matter, but rather the network’s utility. In this framework, attributes such as security will matter far more. The EOSIO (EOS) mainnet launch was dogged by security concerns. At one point hackers managed to access Block.One’s email address and send thousands of spammy emails out to EOS holders. The community likes EOS because of its feeless transactions and scalability. But if the foundational layer is compromised, then it will always be limited. Dapps running on EOS could be fundamentally compromised. The grand old lady has been dealt a couple of substantial body blows over the last year. But security could help protect her from any further harm, and the Ethereum dApps are running to the rescue. The author is invested in ETH, which is mentioned in this article. The post Ditch Ethereum At Your Own Peril: DApp Founder appeared first on Crypto Briefing.

5 days ago

What Is Monero? Introduction To XMR

What Is Monero? Monero (XMR) is a cryptocurrency which focuses on being untraceable and private. Its design differs from Bitcoin’s in a few key ways, but it should be understood as a cryptocurrency similar to Bitcoin - it can be used to buy and sell things, and can be exchanged for other coins or tokens. So Monero XMR is a cryptocurrency focused on privacy and anonymity. Bitcoin is actually pseudonymous and BTC transactions are still traceable, but XMR transactions can be fully anonymized like physical cash. It is a fork of Bytecoin, the original privacy coin. Of course, each physical dollar has a serial number on it that’s traced by FDIC-insured banks and governments. But it’s not necessary to see someone’s bank account balance to accept their dollar bill. In the same way, retailers only need to verify you have enough to cover your transaction when you use a debit or credit card. Monero uses ring signature cryptography to reduce the amount of information used in cryptocurrency transactions. This gives the sender and receiver of XMR transactions the ability to verify the transaction in privacy. Strong encryption, a streamlined blockchain, and infinite supply make Monero a strong privacy coin with a solid future ahead of it. Before diving into the nuts and bolts of the project, let’s look at the crypto market performance of the Monero XMR crypto coin. XMR’s Crypto Market Performance The peak price of XMR so far was $494.16, which occured on January 6, 2018. As of November 8, 2018, the circulating supply is 16,553,675. As mentioned above, there’s no total supply cap. Like BTC, XMR is a Proof of Work cryptocurrency. Unlike BTC, however, it uses a variation of the CryptoNote cryptocurrency mining algorithm, which making it more CPU-friendly. In fact, Monero continues updating its blockchain protocol to be ASIC resistant, much to the chagrin of ASIC rig manufacturers like Bitmain. It hard forked in both 2017 and 2018 in its war on ASICs. Monero opposes ASIC mining because of its centralization of cryptocurrencies like Bitcoin and Ethereum, which are now moving toward Proof-of-Stake. It spent much of 2017 and 2018 continuously upgrading both ASIC resistance and privacy on the network. These are great signs of development support in a blockchain market filled with vaporware. This caused a lot of Monero forks, including Monero Zero, Monero Original, and two Monero Classics. Monero is traded on a variety of cryptocurrency markets, including Bithumb, Binance, HitBTC, Poloniex, Bitfinex, and CoinEx. It has a ton trading pairs, including BTC, BCH, USDT, LTC, ETH, EOS, DASH, and even fiat currencies like USD and EUR. Over $15 million worth of XMR is traded on a daily basis. The Monero community built wallets for pretty much every OS, and a hardware XMR wallet is on the way. In addition, third-party wallets like Cake Wallet, Monerujo, My Monero, and Ledger’s hardware wallets support XMR. Behind the Veil of Anonymous Anonymity online is a hot-button issue that’s important for everyone. Every time you log in to your Samsung device using Google’s OS to connect to AT&T’s network and browse Amazon’s app, a lot of hands are touching, monitoring, and even selling your data and habits. Tech-savvy people use VPNs, proxies, and TOR networks to avoid being traced. However, financial transactions and other personal information were used to track people centuries before we walked around with the internet in our pockets. Using XMR for dark-web transactions, you have the best chance at anonymous online transactions...at least that’s what they say. Monero aggressively defends its platform’s privacy, pointing out a CryptoNote bug that affects privacy coins like Bytecoin. But privacy and anonymity online are never guaranteed, even with Monero’s dedication. Monero still uses a similar two-key authentication method for transactions on other blockchains. It just adds an extra step. Your public key is used by the sender to generate a random one-time key, and the receiver uses a private key to receive. Brute-forcing such a system would be difficult, even with quantum computing, but no matter how much you encrypt an individual transaction, metadata holds answers. This is where ring signatures come in to make things even more difficult. Essentially every output also has multiple false outputs to trick the system. Picture the most complicated bank vault you ever saw in a major Hollywood movie, multiply by ten, and this is what Monero promises. Tor traffic has long been monitored by government watchdogs like the NSA using the Navy’s powerful networking tools. And even reducing transactions to minimal data hasn’t stopped researchers from reportedly using big-data analytics to trace over 80 percent of XMR transactions on the Monero blockchain. While the actual transaction itself is being veiled, all the contextual information around it can help pinpoint transactions. In addition, if your private key is compromised, someone could trace all you

5 days ago

Standalone bulletproof implementation

[https://medium.com/interstellar/bulletproofs-pre-release-fcb1feb36d4b](https://medium.com/interstellar/bulletproofs-pre-release-fcb1feb36d4b) These guys claim to have achieved **4.63x** performance increase over Monero implementation. Is there anything our devs\\MRL can learn from their implementation?

5 days ago

Cryptocurrency Market Update: South Koreans Keeping Zcash (ZEC) Climbing

FOMO Moments Friday markets are still in decline; Zcash and Stellar opposing the drop, Dogecoin and BAT getting dumped. Yesterday’s decline has continued today though its momentum has slowed a little. Crypto market capitalization has fallen below $215 billion as all hopes of a real recovery have by now evaporated. Bitcoin has dropped almost a percent on the day taking it back down to $6,440. BTC is still consolidating in a channel between $6,300 and $6,600 where it has been since the end of September. Ethereum is also sliding back from its three week high and has dropped half a percent on the day to $213. Altcoins are still predominantly red as the selloff continues during the morning’s Asian trading session. There is only one beacon of green in the top ten this Friday morning and that is Stellar up over 5% to $0.263. The big airdrop from Blockchain.com appears to be driving momentum for XLM at the moment. The rest of the top ten are falling back with Monero losing the most at 3% to $107. The top twenty is also completely red aside from Zcash which has made 5.5% to take ZEC to $135. Trade volume has jumped from $110 million to $170 million with the majority of that, over 80%, on Bithumb in KRW at the moment. South Koreans are loading up on ZEC this morning. Maybe all the recent talk of zk-SNARKs has revived interest in this privacy-centric altcoin. Dash is the biggest loser shedding over 4% to $163, and the rest are falling a percent or two from yesterday’s levels. Today’s big fomo pump is Eternal Token surging 27% on the day. A patent application appears to be driving XET momentum right now. WAX is also pumping with a 16% gain and Decentraland is up almost 10% on the day. Getting beat up is BAT dropping 10% and Dogecoin falling 8%. Even a Coinbase listing is not enough for altcoins to cling on to their gains these days. Less than a percent has been dropped from total crypto market capitalization over the past 24 hours. Markets currently stand at just over $214 billion and the sideways channel oscillating between around $190 billion and $225 billion has been intact for over two months now. The bulls are not strong enough to force a breakout just yet as the bears keep pushing them back down. Bitcoin dominance has crept back over 52% once again as altcoins lose their latest gains. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: South Koreans Keeping Zcash (ZEC) Climbing appeared first on NewsBTC.

5 days ago

Asia and Australia: Crypto and Blockchain News Roundup, 2nd to 8th November 2018

Asia and Australia Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Japan Startup to try crypto payment option for limousine rides: A Japanese company is going to offer the services of limousine rides at airports with cryptocurrencies as a means of payment. Remixpoint Inc, in partnership with Hinomaru, a Tokyo limousine company, has announced a trial for cryptocurrency payments for its limousine services in Japan. According to Bloomberg, the trial run will currently be limited to Tokyo and a few other major airports in the start. The trial is expected to start later this month. South Korea Lawyers working for protection laws for crypto investors: The Korean Bar Association has called the government to establish a friendly regulatory framework for cryptocurrencies and blockchain industry in the country. The government was urged on this matter by Bar Association president Kim Hyun. He said, “We urge the government to break away from negative perceptions and hesitation, and draw up bills to help develop the blockchain industry and prevent side effects involving cryptocurrencies.” The effort comes after the Korean government increased its efforts to contain the domestic blockchain regulation by burying them in rules and excluding them from tax incentives reserved for venture capital firms. China Oldest mining pool in China shut down: Chinese owned cryptocurrency mining pool BTCC is finally shutting down its servers on 15 November. There are no concrete reasons given behind this sudden closure at the moment. The company has also requested all the miners to move their hashing power away from servers before the closure. BTCC was established as early as 2011 and grew to become one of the largest cryptocurrency exchanges in the world before the Chinese government shut the exchange operations down. The firm was eventually acquired by a Hong Kong-based investment fund. Reserve bank targets token airdrops: The Chinese clampdown on cryptocurrencies continues after the Peoples Bank of China (PBoC) came forward to remove the footprint of cryptocurrencies by declaring airdrops illegal. The bank will now ask cyber authorities to enforce these latest anti-cryptocurrency rules. Taiwan (Chinese Taipei) Legislators tighten crypto anonymity through AML Legislation: Taiwanese parliament has introduced new cryptocurrency regulations on anti-money laundering (AML) into state law to avoid money laundering in the country. The move comes after congressman Jason Hsu proposed an amendment to the AML Control Act in an effort to make cryptocurrencies face the same legal course as fiat currencies last month. Now the law has passed and exchanges will be required to use real names for cryptocurrency transactions rather than an alias. Thailand Blockchain upgrade to pin down errant taxpayers: Thailand’s tax system recently got a blockchain upgrade for catching tax evaders in the country. The system will provide a more efficient method for tax returns and tax refunds. Ekniti Nitithanprapas, the head of the Revenue Department, said that blockchain and machine learning are now being used to catch tax avoiders in the country. Malaysia Securities commission to regulate ICOs in 2019: Malaysian Finance Minister YB Lim Guan Eng has announced that the Malaysian Securities Commission will introduce a regulatory framework in the country in 2019 for the cryptocurrency industry. The regulations are expected to ensure a fair and orderly development of the new market. Australia Monero pioneer honored with researcher reward: A Monash University professor who co-founded the Monero network and blockchain has won a major Australian award. Joseph Liu was given the title of Researcher of the Year at the 2018 Digital Disruptor Awards for his efforts in blockchain technology and its role in new economic and social systems. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Bitcoin News The post Asia and Australia: Crypto and Blockchain News Roundup, 2nd to 8th November 2018 appeared first on BitcoinNews.com.

5 days ago

Monero [XMR/USD] Technical Analysis: Bears likely to take control of the market

With the cryptocurrency market is witnessing a bear-run at the moment, Monero [XMR] is no different from a lot of the top-tier coins as it has also gone into a slump. At press time, XMR was trading at $110.52, with a market cap of $1.82 billion. The total 24-hour trading volume was $13.2 million with a market cap of $1.82 billion. The total 24-hour trading volume was $13.2 million with a drop of 1.57% in the trading price. 1-hour: XMRUSD 1-hour candlesticks | Source: tradingview The one-hour graph of the token showcases an uptrend for the cryptocurrency. The uptrend is ranging from $106.19 to $110.31, whereas there are two resistance levels set at $113.78 and $114.25. However, these resistance points were broken by a more immediate resistance fixed at $114.31. A clear ascending triangle can be observed in the given chart. The Awesome Oscilat0r has turned green after flashing red on a short streak. Therefore, the indicator is predicting a bearish run for Monero. The Chaikin Money Flow is taking a flight above the 0-mark to side with the bull. The indicator is positive on the upcoming XMR price trend. The MACD has made a bullish crossover as well but is now joining with the signal to give a neutral outlook on the subject. 1-day: XMRUSD 1-day candlesticks | Source: tradingview In the one-day time frame, the downtrend is ranging from $137.91 to $114.47 whereas the uptrend is stretching from $84.18 to $101.77. However, a breakout in the trend is not visible as of now. The Parabolic SAR is bearish on the Monero market. The dots are dancing above the candlesticks, pressurizing the prices into a downward trend. The RSI spiked to approach the overbought zone, but is now taking a downhill walk. However, the indicator is still in the bullish zone, making its way to the bear’s den. The Klinger Oscillator has made a bullish crossover by the signal. It was moving up, similar to the RSI. The reading line is now traveling back to side with the bear. Conclusion In the technical analysis, it has been observed that almost all the indicators are suspecting a bearish haul for the coin. However, the Awesome Oscillator and Chaikin Money Flow are still rooting for a positive trend in the XMR market. The post Monero [XMR/USD] Technical Analysis: Bears likely to take control of the market appeared first on AMBCrypto.

6 days ago

New Study Finds Bitcoin Mining Consumes 3 Times More Energy Than Gold

According to researchers from the Ohio-based Oak Ridge Institute, the energy consumed to mine Bitcoin is three times more than the energy consumed to mine gold. 17 megajoules of energy is required to mine $1 worth of Bitcoin, while only 5 megajoules is needed to mine $1 worth of gold. The only metal which consumes more energy than Bitcoin is aluminum. Other major cryptocurrencies also need more electricity than gold. Monero requires 14 megajoules, while Ethereum and Litecoin require 7 megajoules. Bitcoin (BTC) is priced at $6,479.44, losing 0.86% in the last 24 hours. (VS)

6 days ago

Monero [XMR/USD] Technical Analysis: The bulls rest after a weary conquest from the bulls

The price of Monero at press time was at $109.78, with a market cap of $1.8 billion. Monero has been seeing a lot of sideways movement after the spike on November 4. Trade volume of Monero is vastly obtained from Bithumb, which contributed a total of 97.18% of the total volume of the token. The privacy token experienced a 5.75% increase in a span of 7 days. 1 Hour: Source: Trading View Even though the privacy token has been trailing along with the sideways market in the shorter time frame, there is an uptrend that ranges from $103.09 to $110.29. The downtrend has essentially vanished from the shorter time frame. The coin has been trying hard to break the resistance set up at $114.31 but has seen no fruition. Several supports were formed during its ascend, while the most recent support is set up at $110.17, consecutively $105.96, $104.49, and $103.03. The Bollinger Bands indicates a period of consolidation as the bands aren’t expanding or contracting in a significant amount. The prices, however, have fallen below the EMA line indicating a bearish trend hovering over in the markets. The Aroon up line has crossed the Aroon downline indicating a trend reversal happening and the market is following a bearish trend. The Stochastic Oscillator has bottomed the oversold market and the Stochastic line has just crossed over the signal line indicating that a bullish trend is imminent. 1 Day: Source: Trading View Unlike the one-hour chart, the downtrend is still prevalent in the one-day chart, and it ranges from $168.68 - $137.89 - $114.12. There is an uptrend as well that ranges from $83.94 to $101.77. The Parabolic SAR markers are indicating a bullish trend. Their strength is dissipating as they are on a collision course with the candles. The MACD indicator is starting to show bullish signs as the MACD line has just crossed over the signal line. The Awesome Oscillator shows green spikes starting to form over the zero line a bullish presence looming. Conclusion: The markets for Monero in the one-hour time frame indicate a bearish move as prices take a step down. The MACD and AO indicators in the one-day chart show bullish momentum while the Parabolic SAR seems to be indicating a bearish pressure. The post Monero [XMR/USD] Technical Analysis: The bulls rest after a weary conquest from the bulls appeared first on AMBCrypto.

6 days ago

Monero’s UI/UX designer speaks about decentralization and entry into inner circle of XMR community

In a recent podcast interview by Coin Boys, Diego Salazar spoke about Monero and how it doesn’t have any central authority figure who controls the direction of the project. Monero is a privacy coin that was created in April 2014 which focuses on fungibility, privacy, and decentralization in a world that is completely centralized. Diego Salazar, more commonly known as “Rehrar,” clarified how Monero is not a project that has a central authority that controls or decides where the project should proceed, rather, it is a group of core team members who are trusted and determine the course of action for the project. He explained saying: “Our core team handles a lot of things that require trust...so we have individuals that have been within Monero project since the beginning that we trust, you know for particular tasks like maintaining a domain for the project and payments. “ He further explained saying ‘getmonero.org’ isn’t an “official website” but it is stewarded by the core team and is community maintained. Rehrar added that the main responsibility of the core team is to merge code in their implementation but also confirmed that nobody has “monopoly” over implementation and that anyone could make another implementation, be it in C++ or Python or JavaScript. He continued saying that there was a reputation element and that the code that was stewarded by the core team was the most respected, trusted and reviewed. Diego Salazar, as he explained it, was a good UI/UX designer and not a coder, so he started to design bits and stuff for Monero until he started to get noticed by the community as his name started to pop up in the community more often. He continued his explanation saying: “The community is large and vast and there are people that are passionate about this [Monero] and I’m one of those people. You just see where you can consistently help and dedicate your resources and time until you get noticed.” Rehrar concluded by saying that Monero was his first open source project after which people started noticing him and that inner members started vouching for him for tasks that required a ‘little more trust.’ The post Monero’s UI/UX designer speaks about decentralization and entry into inner circle of XMR community appeared first on AMBCrypto.

6 days ago

Study Compares Mineral Mining to Crypto Mining

A recent scientific study by acclaimed journal Nature has compared cryptocurrency mining to mineral mining in terms of energy used for producing the same market value. The study provides interesting insight into this domain and shows how cryptocurrency mining is affecting the energy footprint in the world. The study, conducted by Department of Energy scientists at the Oak Ridge Institute for Science and Education, compares major cryptocurrencies like Bitcoin, Ethereum, Monero and Litecoin to aluminum, copper, gold, platinum and rare metal oxides in the Earth’s crust. According to the study, it reviewed the different mining systems from 1 January to 30 June 2018. It found that Bitcoin mining took 17 Megajoules (MJ) to USD 1 value. Ethereum and Monero used 7 and 14 MJ of energy respectively to create the same dollar value. In comparison to the cryptocurrency mining figures, aluminum, gold, Copper, Platinum and rare earth metal oxides used 122, 4, 5, 7, and 9 MJ respectively for this purpose. In summary, all metals studied except for aluminum used less energy in their mining than Bitcoin. An equal amount of energy (7 MJ) is required to mine the same dollar values for Litecoin, Ethereum and platinum. Copper and gold take a lot less in their mining efforts than any of these cryptocurrencies. Rare Earth oxides, valuable for electronics, also consume more energy than Litecoin and Ethereum mining. The report also states that energy dedicated to cryptocurrency mining is expected to increase in the future, averaging today around 19 MJ compared to 17 MJ in 2016. The study also focuses on the carbon imprint of cryptocurrencies which has been criticized by clean energy experts because of miners’ tendencies to look for cheaper alternatives to fossil fuels for mining purposes. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pexels.com The post Study Compares Mineral Mining to Crypto Mining appeared first on BitcoinNews.com.

6 days ago

Revolutions and Counter Revolutions: Andreas Antonopoulos Reflects on 10 Years of Bitcoin

As Bitcoin approaches its 10th anniversary, its community, old and new, has begun taking stock of how a decade has come to alter or define the cryptocurrency — and what Bitcoin has done to alter or define the decade.Ten years has invited room for undeniable change. Bitcoin has seen roughly half a dozen market cycles, spawned a secondary market of more than 2,000 altcoins and laid the foundations for a surging blockchain industry. It has evolved from the obscure interest of cypherpunks and crypto anarchists to a viable, private currency that has provided a financial lifeline to underbanked, underprivileged populations in floundering economies. There are few voices so well equipped to reflect on the changes as Andreas Antonopoulos. One of Bitcoin’s chief evangelists and arguably its most vocal educator, Antonopoulos has spent the years following his industry entrance in 2012 traveling around the world to share his knowledge on the subject. His books, which include Mastering Bitcoin, The Internet of Money, Vol. 1 and 2 and the forthcoming Mastering Ethereum, are praised as some of the space’s most thorough and informative reads.His impact on the space is something of a widely-recognized truth, one that has made him one of the industry’s most-respected and definitive thought leaders. While others were getting rich, he was enriching the community, reminding others that bitcoin is about much more than lambos and moon memes. A testament to his influence, the community rewarded him with donations amounting to about $1.6 million during the last bull run upon learning that he held little — if any — bitcoin. In the following interview with Bitcoin Magazine, Antonopoulos reflects on the metamorphosis the ecosystem has undergone, the lessons learned from these myriad changes and why, after 10 years of challenge, the ethos of Bitcoin itself has doggedly persisted.This interview is part of Bitcoin Magazine’s retrospective series for Bitcoin’s 10th anniversary. Starting from the white paper’s birthday on October 31, 2018, to Bitcoin’s launch on January 3, 2019, we’ll be publishing a series of interviews, op-eds and think pieces that reflect on where we’ve come from, where we are and where we’re going.Bitcoin Magazine: Just going straight into it, what has changed?Antonopoulos: So many things have changed. Where do I start?Back in the day, when I first got involved, this was a very small community, a very tight-knit community, a very focused community. There was a lot of commonality of purpose, and it felt very tight-knit. And I remember at the time, the main thing I wanted to explain and persuade people about was that this was bigger than payments. This isn’t just PayPal; this is bigger than that. It’s not just a payment network. And so, in order to express that, I said that it’s a platform. You’ve got to think of this not just as bitcoin but broader: the blockchain. That backfired badly. I wanted to broaden it a bit to give people vision, but what happened then, over the next three years, was that people took hold of the word “blockchain,” rammed it right over, and threw everything and the kitchen sink in there — a lot of things that have nothing to do with it. So, in four years, I came full circle and released a talk called “Blockchain vs. Bullshit,” which is my number one talk.So are you talking about the altcoin ecosystem?And even broader than that. The distributed ledger technology, private blockchain, bank-chain, business-as-usual, slap a word on it, “pretend it’s decentralized when it’s not” type of ecosystem. Trying to embrace, extend and diverge — derail even — this industry by hijacking it. Subsuming it completely. At the first conferences — even the first 2013 conference I went to — the suits had shown up and it was beginning to get that vibe. By the end of 2013, when the fourth or fifth bubble happened and the price hit $1,000, that’s when the suits really descended. So it felt like a tight-knit community and then the sharks started circling around, and they were all trying to grab a bit of this grand phenomenon and monetize your influence. And there was all of this shilly, shitty, disengenuous, fake “Hey! I’ve got a project. We’re going to revolutionize real estate, we’re going to revolutionize exchanges, we’re going to revolutionize medicine.” And most of it’s bullshit. Most of it is completely naked profiteering. So I had to turn it around and refocus it, try to figure out what is real, what is the real “killer app,” what are the real things that are happening.And did you come to the conclusion that it’s bitcoin?It’s not necessarily bitcoin. It’s about decentralized money and other decentralized things. But, of course, the core is decentralization. And money is a killer app in itself, if it’s decentralized.So that changed.The other thing that changed was that one of the things that attracts people to this space is the fact that it gives them the feeling of belonging to this kind of adventure — that goes a

6 days ago

Giacomo Zucco Exclusive Interview (Complete and Uncut)

In his exclusive interview with Crypto Insider’s Vlad Costea, Italian Bitcoin maximalist Giacomo Zucco has been very talkative and open about his beliefs. He took his time to explain his vision for The B Foundation, he provided precious details about his personal definition of Bitcoin maximalism, and was even kind enough to rank the top 20 cryptocurrency projects on CoinMarketCap. In between, Mr. Zucco has also expressed his view on the cryptocurrency community at large and how the libertarian ideals were never dissolved by greed. The interview itself is 97 minutes long and does exactly what Giacomo Zucco suggests: it lays down the ideas that he never seems to find the time to write down in articles. It’s a collection of fascinating opinions on the current state of the cryptocurrency market and community, and it’s very likely that some moments will become a point of reference in the future. Enjoy watching this charismatic Italian deliver an entire marathon of arguments for Bitcoin maximalism! Attached you will find a complete transcript: Vlad: Hello this is Vlad and welcome to the Interview of Crypto Insider! Today I’m going to be talking with Giacomo Zucco who is a well known Bitcoin maximalist and one of the few people who embraced the label of being a maximalist despite all the bad meanings that it might have. And that’s something that we’ll be discussing today, so hello Giacomo! Giacomo Zucco: Hi everybody! We’re not so few, I mean there are a lot of people that are self labelling maximalist but, yeah. Vlad: It seems to me like a derogatory term on Twitter, and some people appropriate the idea and say “you know I’m also a maximalist but at the same time I also believe in Monero or in Litecoin or whatever”. And I remember the last episode of Magical Crypto Friends which is with Charlie Lee and Fluffy Pony, Whale Panda, and Samson Mow, and at some point they all said “you know we are all bitcoin maximalists in the sense that we want bitcoin to succeed and we want it to be the best coin but we don’t want it to be the only one, or not necessarily”. So do you think there are layers to being a maximalist? Giacomo Zucco: There certainly are because the term itself was created in a derogatory form from Vitalik Buterin and others in order to represent these approaches as wrong. So it was some kind of blockchain slang and some of us adopted that in order to diffuse their rhetorical attempt. So now everybody is using the term in different ways. I tried to give a presentation about a very very scary street definition of maximalist with a lot of bad connotation in order to try to prove that even that very very scary cult like definition of maximalist is actually very very close to what a cautious approach would be to this ecosystem. So yeah there are Fluffy Pony and Charlie Lee are people who are contributing somehow to bitcoin so in a way I would say they are defintiely bitcoiners. I tend to use the term maximalist in order to imply that I really do not think that altcoins can succeed in general. So while I’m not sure that Bitcoin will succeed, I’m kind of sure, as sure as I am as other things like that small private internet that you create in your garage is not going to take over the internet very very soon. In that same way I’m sure that altcoins cannot be sustainable and deliver what they promise. While bitcoin could very well fail itself. From a destitute point of view, I am like a fifth morning maximalistmeaning that I recognize right now that the USD unfortunately is the kind of money that people is using. It sucks because it’s manipulated and inflated and difficult to transmit over the internet without third parties and third parties can sensor you and spy on you and track you they can enforce KYC/AML mafias. So it’s a bad situation but that’s the reality. Bitcoin could, maybe overthrow that. I hope that it will. And I think there are very very good chances it will. While altcoins by definition I think they cannot succeed. Vlad: I remembered last week I had an interview with Jimmy Song and he had a controversial statement that it’s a good idea to spend with you credit card and then pay with bitcoin that you have. Do you think that up to this point it’s a better idea to actually use fiat for your purchases and save your bitcoin just for emergency spending? Giacomo Zucco: Yea I completely agree. Actually in the presentation of Riga about maximalism I included also this part. So I argued these points in a satirical and sarcastic way but also serious in a way with some nuances, I argued first my position about altcoins and that they cannot succeed. Basically, altcoins are a scam in very loose definition of the term for some, and a very strict definition of the term for others. The second point was that any important change to the base rules of bitcoin is also something that we should reject and we should basically not accept. And the third point was about spending. I simplified version of wh

6 days ago

Taiwan Prepares to Block Anonymous Cryptocurrency Transactions

Anonymous and privacy-oriented cryptocurrencies have always been a topic of controversy. Even though these currencies do not facilitate illegal activity by default, it seems the association with such activities is enough to make regulators nervous. In Taiwan, the government has decided to ban anonymous cryptocurrency transactions as part of the new Money laundering Control Act. Taiwan Makes an Interesting Decision As is always the case when a discussion regarding cryptocurrencies arises, the topic of anonymity is never far away. Most governments around the world are convinced Bitcoin is still an anonymous form of money, despite being far more transparent than the traditional banking ecosystem. The same applies to all other cryptocurrencies, which has many regulators concerned first and foremost. In Taiwan, a new amendment has been made to the Money laundering Control Act and the Terrorism Financing Prevent Act. This new change allows the local FSC the authority to crack down on anonymous virtual currency transactions. That in itself is pretty standard these days, as anonymous transactions are often linked to illegal behavior, either in online or offline fashion. The bigger question is what this means exactly for the future of anonymous cryptocurrencies in Taiwan. Monero, Dash, ZCash, PIVX, NulleX, and others may become non-grata in this country due to their default anonymous nature. Additionally, this particular trend would have different consequences for Bitcoin and other top cryptocurrencies down the line. Because of this new change, any bank across Taiwan can effectively reject anonymous transactions pertaining to virtual currencies. Such transfers will also be reported to the FSC if they are deemed suspicious. This will, by the look of things, to make it increasingly difficult for Taiwan residents to buy and sell cryptocurrencies in the future, which is not a positive development by any means. While it is evident this measure is designed to make Taiwan less susceptible to money laundering, the approach raises a lot of questions. It appears Taiwan has effectively followed the example set by Japan a few months ago, as that country forced exchanges to remove all anonymous cryptocurrencies from domestic trading platforms. A lot of other Asian countries may take a similar approach in this regard, depending on how the new rules in Taiwan pan out. Any development in this department raises many questions and objections. Targeting cryptocurrencies specifically makes sense when looking at the bigger picture of money laundering, primarily because this is a brand new form of money. At the same time, there are many misconceptions regarding the alleged anonymity of different cryptocurrencies. This new framework seems to blur the lines even further, which is not necessarily a good thing by any means. The post Taiwan Prepares to Block Anonymous Cryptocurrency Transactions appeared first on NullTX.

7 days ago

Bitcoin (BTC) Futures Volatility Hits All-Time Low, Yet Crypto Moves Higher

Bitcoin (BTC) Volatility Continues Lower After weeks stuck in a range, Bitcoin (BTC) saw a semblance of a breakout on Tuesday, as the prominent crypto asset broke convincingly over $6,500 in a move backed by hefty levels of volume — a seldom seen sight in 2018’s bear market — and positive investor sentiment. However, per Kevin Davitt, a senior instructor for The Options Institute at Cboe Global Markets, Bitcoin (XBT) futures, continue to trade a low volatility, especially in comparison to legacy capital markets, which continue to bounce up-and-down on the day-to-day. Davitt, who spoke on Bitcoin’s declining volatility levels in the past, told MarketWatch’s Aaron Hankin: As it turns out, [bitcoin] XBT futures and cryptos in general are moving with very little speed. The week ending Oct. 26th was the least volatile since futures were introduced nearly a year ago. Bringing credence to his claim, Davitt then added that the average weekly [volatility] for XBT futures in the past month was approximately 6.6%, which is a far cry from the since-inception average of 15.65%. Although non-action may be seen as boring by many crypto savants, the Cboe Global Markets instructor added that the divergence between traditional assets, like stocks, and Bitcoin could be a “bigger story for industry onlookers.” Not only has Bitcoin ousted a majority of America’ stocks as a stable asset, but the cryptocurrency has also begun to diverge from IShares MSCI Emerging Index Fund, which it had tracked to a “T” for nearly six months now. This statement comes just a week or two after Ethereum World News reported that BTC’s lack of volatility could be indicating that speculative investors have fled this market, allowing the nascent crypto industry to undergo its long-awaited bottoming process. Pundits echoed this sentiment, with Charlie Morris of Atlantic House Fund Management claiming that the crypto market “is calm and in balance.” Morris added that speculative interest in digital assets is reaching new year-to-date lows, even if positive industry developments, such as the establishment of Fidelity Digital Asset Services, are only ramping up. Like Novogratz, Silbert, and a number of other industry insiders, Morris, in closing, noted that 2018’s bearish steam has likely begun to deplete, subsequently adding that he is bullish for Bitcoin’s next “major move.” Crypto Market Heads Higher, Ethereum (ETH) And Bitcoin Cash (BCH) Outperform In spite of Bitcoin’s stagnation, altcoins have begun to see a resurgence in buying pressure and, interestingly enough, market dominance. As of the time of writing, save for Ripple’s XRP, Monero (XMR), and Tether, all crypto assets in the top 10 are up substantially. Bitcoin Cash (BCH) is leading the charge, posting a 12.5% gain in preparation for November 15th’s looming hardfork, while Ether (ETH) has also seen a strong move upwards, seeing a 4.5% gain to move over the $220 line of resistance. As always, a majority of altcoins followed its higher-ups, leading Bitcoin market dominance to fall from 52.86% to 51.5% in a matter of 24 hours. At the time of press, the aggregate value of all crypto assets has moved above $220 billion for the first time since early-October, indicating that this market could finally be undergoing a reversal/breakout process. Title Image Courtesy of Austin Neill Via Unsplash The post Bitcoin (BTC) Futures Volatility Hits All-Time Low, Yet Crypto Moves Higher appeared first on Ethereum World News.

7 days ago

Monero [XMR/USD] Technical Analysis: Bears regain control over the short-term

Monero [XMR] has been dormant while all other cryptocurrencies have been spiking under the influence of the bulls. The XMR token has been in red in both the 1-hour and 24-hour charts. At the time of press, the price of Monero was $111.44, with a market cap of $1.8 billion. The 24-hour volume is at $16.95 million, with the major contributor to the trade volume coming from Bithumb. 1-hour Source: Trading View Short-term supports are set up at $110.17 and $105.06, while there is one short-term resistance set-up at $114.25. The MACD indicator indicates a bearish crosser. The histogram shows the same as red bars are forming below the zero line. The Awesome Oscillator indicator shows red spikes developing above the zero line, indicating a shift in the momentum from buy to sell, which is essentially a bearish trend. 1-day Source: Trading View There is an uptrend gaining ground from $84.207 to $101.77. It extends till $105.36 and the downtrend is spanning over the range of $292.71 to $113.16. The previously set support at $99.88 is holding strong, while the same can be said of the support at $84.207. The resistance at $115.95 has been broken by the wick which is currently forming. Successive resistances are set up at $137.89, $164.63 and at $212.87. The Bollinger Bands are in a squeezed state, indicating a period of low volatility in the market. The prices are well above the EMA indicating a bullish presence. The Chaikin Money Flow has been steadily increasing which indicates that money is flowing into the market. The RSI is rising from the depths indicating that the buyers are controlling the market. Conclusion The indicators in the one-hour trend show a bearish presence hanging over them. The scenario reverses when we look at the charts in the one-day timeframe as Bollinger bands, CMF, and RSI, all indicate a bullish move happening in the market. The post Monero [XMR/USD] Technical Analysis: Bears regain control over the short-term appeared first on AMBCrypto.

7 days ago

Bitcoin Mining Attack Causes University to Shut Down Network

St. Francis Xavier University in Nova Scotia was forced to shut down their entire network due to a Bitcoin mining attack. The focus on cryptocurrency mining is on large corporations that have entire farms devoted to digging for digital gold. Yet there is a good deal of profit to be made from illicit crypto mining that uses somebody else’s system. Cryptojacking has been a popular choice for hackers, and a university in Nova Scotia found itself to be a target of such an attack recently. Bitcoin Mining Attack Causes Network Shutdown Late last week, St. Francis Xavier University was the victim of a cryptojacking attack. A hacker (or hackers) targeted the university’s computer system to mine for the world’s number one cryptocurrency. The attack forced the university to shut down their network completely to safeguard personal data for students and staff. In a statement, the university said: On Thursday, ITS, in consultation with security specialists, purposefully disabled all network systems in response to what we learned to be to be an automated attack on our systems known as ‘crytpocoin mining.’ The malicious software attempted to utilize StFX’s collective computing power in order to create or discover bitcoin for monetary gain. At this time, there is no evidence that any personal information within our network was breached, however, ITS will continue to analyze and monitor for suspicious activity in the days and weeks ahead. ITS has also implemented heightened security measures in response to this event. Needless to say, quite a few services were impacted by this. Online courses, email, debit card transactions, Wi-Fi, and drives on the St. F.X. network were all completely offline. Since then, services have been increasingly restored. St. Francis Xavier University notes that all passwords have been reset due to security concerns. Cryptojacking on the Rise It is interesting that the university notes the mining hack was used for Bitcoin, which is unusual. Most hackers seek more privacy-focused coins, such as Monero, to mine for their digital coffers. Still, cryptojacking is a problem that shows no signs of abating. As we increasingly live in a digital world with many objects now connected to the internet, the phenomenon of illicit mining is just going to grow. In fact, researchers recently found that more than 280,000 routers worldwide were infected with cryptocurrency mining malware. Such attacks have a major impact upon the systems infected as resources are gobbled up to run the mining malware. If the network for St. Francis Xavier University was damaged, it’s likely it would be extremely costly to repair, not to mention the headache of lost data and inability for students to log in for online courses. Have you ever been the victim of a cryptojacking attack? Let us know in the comments below. Images courtesy of Shutterstock and Wikimedia Commons. The post Bitcoin Mining Attack Causes University to Shut Down Network appeared first on Live Bitcoin News.

7 days ago

Cryptocurrency Trading Update: Crypto Market Cap Reaches Monthly High

FOMO Moments More midweek momentum pushes markets higher; Bitcoin Cash racing ahead, Zcash, XRP and ETH doing well. Markets are on the move. Yesterday’s momentum has grown during Asian trading on Wednesday morning and total crypto capitalization has made it back over $220 billion for the first time in almost a month. Bitcoin has awoken and has shifted gear, climbing 1.4% on the day to $6,515. The jump came two hours ago when BTC added almost $100 in one movement. Trade volume has increased almost a billion dollars and is now at just under $5 billion on the day. Ethereum is also risen from its torpor and shifted 5.5% on the day to $220. It is the highest level ETH has been at for four weeks. Trade volume is up almost 25% as it races to keep second spot from XRP which is closing up. In the top ten Bitcoin Cash is nailing it with almost 11% on the day taking BCH to almost $620. This upsurge has been predicted due to the upcoming hard fork and associated coin distribution. Solid gains have been seen by XRP adding 6% on the day to $0.536, Stellar close behind with 5.5% taking XLM to $0.262. EOS and Cardano are both up over 4% and Monero is the only non-mover at the moment. Good gains also in the top twenty with Zcash taking the lead on 7% to $130. Neo, Ethereum Classic and Nem are all doing well today gaining over 5% right now. Following Bitcoin Cash the top performing altcoins in the top one hundred right now are Holo, Aurora, Qtum and MOAC, all adding 7-8 percent to their prices today. Nexo and Ravencoin are still dropping though, losing 3-4 percent when all of their siblings are making moves in the opposite direction. Total crypto market capitalization has seen its largest daily gain for three weeks as 3.8% brings it to $220 billion. Over $7 billion has been added over the past 24 hours and over $16 billion over the past seven days. A smooth upswing has started to form on the weekly chart, have the bulls finally awoken? Bitcoin dominance continues to decline, largely at the expense of BCH and XRP, it is currently 51.5%. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Trading Update: Crypto Market Cap Reaches Monthly High appeared first on NewsBTC.

7 days ago

XVG Up 76%, ETH Up 32% & BTC Up 29% By 2019 According To Finder Report

 Listen Here - https://soundcloud.com/cryptodaily/xvg-up-76-eth-up-32-btc-up-29-by-2019-according-to-finder-report The panel of ‘experts’ at Finder have published their latest report, exploring a number of cryptocurrencies and making very elaborate predictions on how they expect the cryptocurrencies to perform over the coming weeks and months. Now before we begin, we should highlight that these predictions are very bullish and that even though this is a panel of experts, predictions are just that - predictions, based on speculation and rough calculations, nothing more. Therefore, we can’t take this as absolute fact and shouldn’t use this report to justify any investment decisions. Now, with that cleared up, let’s take a look at the Finder report. What is Finder? Finder is technically a comparison website, so it gives users a way of comparing the price of various different products in order to make better buying decisions. Within this, they have a number of expert panels that explore and compare different products and investment packages. One such package is cryptocurrency. The cryptocurrency panel is made up of a number of leaders within the Financial Technology industry who get together once a month to compare their own predictions about how cryptocurrencies will perform over the coming weeks. Often, these predictions are bullish but sometimes many do ring true. Who are the experts? As stated, all experts on the panel are leaders in the Fintech industry, therefore most have executive positions at a number of large Fintech firms including Every Capital, Laurence Ventures and Satoshi School. The Finder disclaimer Importantly, Finder.com does stipulate the importance of noting that this is not investment advice: “This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks - they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators’ websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.” The report Now to the good bit, let’s take a look at the report and the report’s predictions. The November edition of the Finder.com report explores 13 cryptocurrencies all in all, including Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON, Binance Coin, Bytecoin and Verge. This is composed of the top 10 cryptocurrencies by market capitalisation and the top three trending cryptocurrencies (BNB, BCN, XVG). “This month, we asked our panellists to forecast the value of the top 10 coins and the top 3 trending coins by the end of 2019. Our panellists expect that on average most coins will see an increase in value by the end of next year, with the exception of Bytecoin, which is predicted to decrease in value by 5%.” Furthermore: “Of the 13 coins, our panellists forecast that on average, Verge will experience the greatest price growth by 1 December 2018 (76%). This is followed by Ether (32%) and bitcoin (29%). The panel was most optimistic for XRP’s success, with an average predicted value rise of 327% by the end of next year. This is followed closely by Ether (211%) and EOS (189%).” The report doesn’t just explore price changes and price predictions, the panel has also made predictions on some major market capitalisation movements that seem likely to occur within the top ten cryptocurrencies: “We calculated market cap predictions using the number of coins expected to be in circulation by the end of next year and our panellists’ forecast of each coin’s value by the end of next year. As for the forecast market capitalisation for Bitcoin, Bitcoin Cash and Ether — the only coins of the 10 with a reported number of coins available by 31 December 2018 — our panel predicts that Ether will see the greatest increase in market cap growth by the end of 2019 (243%). Bitcoin follows with a 177% increase, while Bitcoin Cash is picked to come in at 77%.” As you can see, these predictions are a little wild, however, if you actually refer to the report, many of the experts offer comments and justifications for their predictions. This isn’t just a case of people stabbing in the dark for a number, these predictions have been based on experience and calculations, therefore at the very least, it’s important that we listen to what the panel is saying. As we have said, don’t take any of this to heart. For now, the best advice is to watch the markets to see what happens. Hold on and ensure you take time to manage your assets. Keep an ey

7 days ago

ZCash Price Retakes $125 Level to Build Support for Next Bull Run

A lot of interesting things are happening in the world of cryptocurrencies. With all markets still in the green, it has become apparent there may be a positive end to 2018 after all. Slowly but surely, all markets continue to move up every single day, and ZCash has reached $125 again. A positive trend which may result in even further gains later this week. ZCash Price Surpasses $125 Again The past few weeks have been pretty interesting for ZCash, especially in the price department. Considering how Zcash’s network upgrade - codename Sapling - has gone off without a hitch, one would expect there to be further price momentum by now. That hasn’t necessarily materialized yet, although there are some very promising market indicators moving forward. In the past few hours, the ZCash price has increased by 4.4% in both USD and BTC departments. That in itself is rather promising, especially when considering how the value has hit $125 again for the second time in as many weeks. This is considered to be a major development for the altcoin, primarily because this price level can be quite crucial in the weeks to come. One reason why ZCash will always remain relevant is because more and more people value their privacy and anonymity when it comes to cryptocurrencies. Together with the likes of Monero, Dash, and others, it is only normal the value of these currencies will keep rising over time simply because of their anonymous nature. If anonymity is important to you, privacy coins like @monero, @zcashco or @Dashpay might be a great option for you. Read our guide to what privacy coins are to learn more and start investing!#privacy #cryptocurrency #crypto #DASH #XMR #ZEC https://t.co/xPUHKFZd95 pic.twitter.com/PCYOzn3aw3 — Cryptocurrencies AU (@cryptoc_au) November 6, 2018 As is usually the case when altcoin prices rise, there will be arbitrage opportunities available. For Zcash users, it seems there are numerous options, which can yield an easy 1% profit for simply moving funds between different exchanges. Although not all of these platforms offer major volume, it is evident there are some opportunities to take advantage of regardless. #ZECBuy at #Sistemkoin and sell at #Bitfinex. Ratio: 1.00%Buy at #Sistemkoin and sell at #HitBTC. Ratio: 0.96%Buy at #Sistemkoin and sell at #YoBit. Ratio: 1.12%Buy at #Cex and sell at #YoBit. Ratio: 0.81%#bitcoin #arbitrage #arbitraj #arbingtool https://t.co/xiFUPzcOcC — Arbing Tool (@ArbingTool) November 6, 2018 Based on the current technical indicators, it would appear there is some major ZCash price momentum brewing. Before any major developments can occur, the trendline will need to be broken in a significant manner, which might not happen in the coming hours. Even so, anything can happen in this industry, and Zcash may be on the verge of a big breakout to end the year on a high. Watching $ZEC very closely break above upside trendline and we're riding#zec #zcash #altcoin #cryptocurrency #bitcoin #crypto pic.twitter.com/pl03LP4DOM — [NPC Maximalist] (@warranted_ire) November 5, 2018 For the time being, one has to take the current gains in stride and see where the momentum leads in the coming hours and days. There is some positive momentum brewing, especially because its trading volume has surpassed $118m for the first time in a while. That alone is a pretty bullish signal first and foremost, albeit slow and steady will always win the race. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post ZCash Price Retakes $125 Level to Build Support for Next Bull Run appeared first on NullTX.

7 days ago

Abusive crypto taxation in California reminds us why privacy matters

On November 3rd 2018, bitcoinist and crypto influencer Whale Panda took to Twitter to share an interesting Reddit post which tells a compelling story about how crypto assets are taxed. In a nutshell, it’s about a young person who bought cryptocurrencies on Coinbase in early 2017, has watched his portfolio grow exponentially in value, hasn’t sold any of the coins for fiat, but owes the state of California about $400.000 in taxes. The case should be worrisome and make both regulators and cryptocurrency holders give this entire process a little more thought. Had the young man in our story bought Apple stocks, he wouldn’t have to pay taxes for his investment unless he cashed out. But in the case of cryptocurrencies, he basically has to pay money that he does not have for financial gains that never really materialized. Similarly, imagine that you bought Egyptian antiques off Craigslist, discovered that their price has skyrocketed within months due to a current trend which made them fashionable, and you were automatically reported to the IRS for just owning them and being worth much more (despite never selling your possessions at an auction). It sounds ridiculous, doesn’t it? College kid starts trading Crypto in 2017 goes from $5k to $880k by the end of the year.Loses a lot of money at the start of 2018 and now has to pay ~$400k in taxes.Even though taxation is theft (obviously), you still want to prepare yourself for it.https://t.co/MH42mmTacg — WhalePanda (@WhalePanda) November 3, 2018 But Coinbase, as an American company which complies to the fiscal laws of the land, was forced by greedy and clueless legislators to send reports on costumers who made investments. To those government officials, it didn’t matter that the cryptocurrencies were never sold for any kind of fiat, they simply wanted to tax according to their poorly informed assumptions. The most frightening thought isn’t that a young man, who at some point was theoretically worth almost a million dollars in crypto, must pay a sum that he never physically owned. We’re dealing with a situation that can create a dangerous precedent and turn HODLing and crypto trading into an expensive luxury that very few people can actually afford. The fiscal implications of buying cryptocurrencies from a KYC exchange In the case of Reddit user Throwaway283921, he must pay taxes for capital gains because he’s done crypto to crypto trades, invested in some ICOs, and constantly sought to maximize his investment. Though the issue appears to be a little vague at first, he didn’t stick to his HODLing and, under the fiscal jurisdiction of the state of California, must pay taxes which are pretty much calculated using the highest prices of the cryptocurrencies he’s owned. As it turns out, California considers that crypto trades are taxable events. This fact should make us all think about the consequences of starting out on platforms like Coinbase or Robin Hood, then recklessly getting involved in exchanging BTC for ETH or LTC according to your gut feeling on price increase. A lot of newbies receive the recommendation to start out on one of those friendly KYC exchanges, and they aren’t properly instructed on the tax implications of their state (they’re just supposed to know). In comparison, had he bought their coins from a miner or whale from Local Bitcoins or some kind of crypto retailer, then proceeded to exchange the coins on ShapeShift or some kind of decentralized exchange, then none of this would have occured. One could argue that owing $400.000 in tax money for an investment which reached $880.000 at its peak is insane. The rate is nearly 50 percent and the reason behind the taxation is vague at best. If the person has never used fiat money in this process and hasn’t withdrawn from the exchange, then they should pay their taxes in the cryptos that they own. That would be a fairer way of dealing with the situation, but then again. the legislators have probably passed the bill as a way of capitalizing on the bull market. His possession of USD was only hypothetical and based on the movements of the market, so it makes no sense to tax in fiat if the young man never owned it. Unless regulators adjust to fairer practices, it’s better to buy crypto via private or OTC trades We already have an unfortunate precedent which should serve as food for thought and give us enough of a reason to participate in crypto regulation debates in our communities. It’s absurd to ask for taxes in fiat as long as the cryptocurrencies have never been cashed out. If anything, in the event that the taxman is greedy, we should make sure that the taxation takes place in the same crypto assets that were traded, and the collectors instantly dump them on exchanges to get their fiat (or speculatively HODL themselves). If HODLing is a taxable event just because you bought 0.1 BTC on Coinbase and had it in your wallet for an entire fiscal year, then this can potentially turn into a luxury that very few peopl

8 days ago

Ethereum [ETH] Back Above $205 As The Market Records Gains

Today, November 05, has seen most altcoins break from the sideways action that has been dominating the market. After starting the month on route to recovering from the price fall from October 29, and the monotonous sideways action that followed, the market is finally soaring on. In the last couple of hours, we’ve seen Ethereum jump from $203 to $211 in a couple of minutes and although these prices have dropped at the time of writing this, the coin continues to push higher. In the top ten cryptocurrencies, Ethereum is only second to Monero in the top gainers. Ethereum has soared as high as 4% in the last 24 hours and at the time of press is trading at $208. Monero, at the time of writing this, is the highest gainer in the top ten cryptocurrencies- up by 5%. Throughout the weekend, Ethereum was struggling to break past the $200 position- even though it had briefly surged to $201 on Friday. Today’s gains have however seen the coin soar and manage to break one of its most notorious resistance levels- $205. Now, the bulls will be capitalizing on the positive momentum to try and hit highs of $210 in the next couple of hours and find a high support level. With a market cap of $21.44 billion, Ethereum remains the second largest cryptocurrency in the world, a position it continues to defend despite Ripple’s latest advancements. So far, Ethereum remains one of the most active and dominant projects in the market offering the largest the biggest Dapp ecosystem. The project also boasts of a joint effort- Enterprise Ethereum Alliance [EEA], which comprises of big names like Microsoft, JP Morgan, Intel, Shell, and Deloitte. However, although the project has been thus successful the most successful Dapp ecosystem, there is major competition on the rise. Recently, Tron after the launch of their Virtual Machine, through their CEO- Justin Sun, announced that their network would be 100 times faster than Ethereum. This means they will be addressing Ethereum’s greatest challenge of scalability. If this is solved by Tron It also means that it is highly likely that Tron will be adding much cheaper than Ethereum. Ethereum has on their part shown that they will not go down without a fight. Currently, the project is working on Sharding- the process of partitioning database to be processed in more than one server, and Plasma- the removal of unnecessary data from transactions. On top of these solutions, Ethereum’s co-founder, Vitalik Buterin, has continuously promised that the project is working and will continue working to solve scalability on the network. The post Ethereum [ETH] Back Above $205 As The Market Records Gains appeared first on ZyCrypto.

8 days ago


News courtesy of berminal.com
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme