MonaCoinMonaCoin MONA news

Litecoin's fork, Japan's favourite meme coin
Price, 24h
1.10 USD / 0.00013640
-1.39% / -1.39%
Volume, 24h
3,384,226 USD
70,975,735 / 0.03%
Chart price/vol/NIS 7d
Asset details

World latest news

MonaCoin Price Pump Yields a 40% Gain

As the Saturday afternoon almost draws to a close, there are still plenty of crypto market changes to take advantage of. The Monacoin price is going on an absolute rampage as of right now, although few people will be able to pinpoint the exact reason for this unexpected uptrend. MonaCoin Price Pumps Pretty Hard It is always interesting to take note of the different cryptocurrencies and their price trends throughout the weekend. Although MonaCoin has never made too much of an impact in the Western world, it is a very popular currency in Japan. This altcoin has noted some of the biggest gains in all of cryptocurrency throughout the month of April, yet no one really knows why. Over the past 24 hours, the MonaCoin price has risen by 40.3% to move back to $0.897155. There is also a strong 39% push in MONA/BTC, as this ratio has shifted back to 16.815 Satoshi. Traders looking to increase their BTC holdings will be more than happy with the way this altcoin performed today, although these gains might not remain in place for too long. On social media, it seems there is some confusion as to what is going on with MonaCoin right now. Oliver 90210 seems to indicate this pump is primarily the result of major purchases in MONA/JPY taking place throughout the day. Assuming Japan will kick off the next major bull run, this may be a sign of what is yet to come for other markets as well. $mona pumping hard today thanks to strong purchase vs $JPY in Japan Remember that Japan has a very positive legal environment for #crypto and that #Monacoin trades vs fiat there, which is uncommon. Definitely a coin to hold in portfolio ahead of a crypto rally in Japan. — Oliver 90210 (@oliver_90210) April 20, 2019 When signal groups and Twitter accounts start to take notice of specific markets, it may be time to get out pretty quickly. Bobcat Crypto has “detected” a potential medium strength buy signal for MONA, which seems to confirm this uptrend could be coming to an abrupt halt in the very near future. Bobcat has detected a potential MEDIUM strength BUY Signal for $MONA (Monacoin). Buy Volume Increase of 275.99%. Price Increase of 14.76%. Current Price BTC 0.000162 ($0.8625447) Trade detected on exchange: Bittrex ( #MONA #Crypto #Bittrex #Monacoin — Bobcat Crypto (@BobcatCrypto) April 20, 2019 For those who actually look at the MonaCoin chart, it quickly becomes apparent this momentum makes little to no sense. While it is intriguing to see an alternative market move up in quick succession, it seems someone tried to pump the price a lot higher in the past few hours and failed miserably at sustaining it. え!#monacoin — Cools America (@goodyear1212121) April 20, 2019 All things considered, the uptrend affecting MONA makes people good money, but its actual momentum seems to lack real conviction. As most of the trading volume comes from Bitbank’s JPY pair, it is also evident the rest of the world shows no real interest in this currency right now. Its value on Livecoin, for example, is still $0.18, which creates a rather big gap. 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. Image(s): The post MonaCoin Price Pump Yields a 40% Gain appeared first on NullTX.

The Monappy and Monacoin Web Wallet Hacker is a Japanese Teenager

It appears a major breakthrough has occurred regarding one of the most recent cryptocurrency-related hacks. A Japanese teenager has been arrested for stealing over $1250,000 in cryptocurrency. During his attack, he exploited the Monappy social media network and the web-based Monacoin wallet in 2018. It is good to see this investigation yield results. Monacoin Hack Perpetrator is Caught A lot of people were surprised to learn the web-based Monacoin wallet suffered from unauthorized third-party access several months ago. This turned out to be part of an ongoing hack of Monappy, a somewhat popular social network in Japan. While both incidents were related to one another, it has taken the investigators some time to put all of the puzzle pieces together. The hard work resulted in the arrest of an 18-year old resident of Utsunomiya, Tochigi. As it turns out, the unnamed individual confirmed he successfully attacked the Monappy social network between August 14 and September 1 of 2018. All he used was a smartphone, the Tor protocol, and some basic skills to properly infiltrate this system. The end result is how over 73,0000 Monacoins were stolen from over 7,700 Monappy users. Whenever a cryptocurrency-related theft occurs, the money is hardly ever recovered, let alone having the perpetrators arrested. After a thorough investigation, it seems the hacker took advantage of a weakness in Monappy’s “gift code” feature. As such, he overwhelmed the system by sending himself Monacoins and using the same gift code over and over again. It is unclear why such an exploit was not discovered during the testing phase, as it can have catastrophic effects. The Monappy ram made all of the transaction-related information publicly available later on. By properly analyzing the transaction logs, the Tokyo Metropolitan Police Department successfully managed to identify the hacker. Although he used Tor, it seems his attempt to remain anonymous failed. Why that is exactly, has not been disclosed at this time. Tor is not a foolproof solution to maintain anonymous, but in most cases, it makes it a lot harder to identify users. However, without additional countermeasures, it is far from a perfect solution. This is also the first time a Japanese individual has been arrested and has to deal with several charges for cryptocurrency-related hacking incidents. While the Japanese police arrested other youngsters in the past, those incidents involved using malware and ransomware. While cryptocurrency adoption is booming in Japan lately, it also seems to attract a lot of “bad behavior” these days. The main question is whether or not any of the stolen funds will be returned to its rightful owners. Although the Monappy service has been suspended ever since the attack took place, it is good to see some progress being made regarding this investigation. Rest assured this incident was far from the final hack affecting Japanese cryptocurrency users. However, it remains to be seen what other evidence this particular investigation may turn up now that the culprit is in custody. Image(s): The post The Monappy and Monacoin Web Wallet Hacker is a Japanese Teenager appeared first on NullTX.

Japan: 18 Year Old Charged for Stealing $100,000 in MonaCoin in Country’s First Crypto Theft Case

Japanese authorities in the city of Utsunomiya have charged an 18-year-old with stealing cryptocurrency from Monappy, a digital wallet service for MonaCoin. The unnamed teenager was reportedly referred to prosecutors in what is the country’s first case of charges being brought against a cryptocurrency hacker. Even though Japan has been at the forefront of crypto adoption, the country has yet to find and charge a hacker over cryptocurrency theft. That is, until Mar. 15th, when Japanese authorities charged an 18-year-old hacker for stealing cryptocurrency. The hacker was reportedly referred to prosecutors in the city of Utsunomiya. Source: Katsouka Tech According to Japan Times, the defendant, who is a resident of the Tochigi prefecture, was accused of stealing over $100,000 in cryptocurrency between Aug. 14th and Sep. 1st of last year. Local reports indicated that the boy stole the funds from Monappy, an online wallet used to store and manage the MonaCoin (MONA) token. The $100,000 in crypto was stolen from more than 7,700 users, reports showed. Monappy’s management responded to the incident saying that they would reimburse its users. System Malfunction Allowed Theft The hacker used Tor’s encryption software to hide his personal information, which includes his IP address, Japan Times reported. He then took advantage of a bug inside the website which allowed him to repeatedly send cryptocurrency transfer requests to his own account. This caused the system to malfunction, allowing him to transfer almost $100,000, or 15 million yen, worth of MonaCoins to his account. The incident report also revealed that the hacker transferred the stolen funds to an account on a different crypto website. While the name of the website was left out of local reports, the hacker himself told the authorities that he converted the stolen MonaCoin to another digital asset. The police said the hacker used the converted Monacoins to purchase various items online, including a smartphone. According to a report from IndieSquare on Sep. 3rd, 2018, the theft had no impact on the website’s cold wallet, which held over 54 percent of Monappy’s total balances. Moreover, sensitive information such as user emails and passwords were unaffected. The case marks an important milestone for the crypto industry in Japan, as the country has seen over 7,000 cases of suspected money laundering reported in 2018 alone. None of the investigations resulted in arrests, and no criminal cases have been made—until now. The post Japan: 18 Year Old Charged for Stealing $100,000 in MonaCoin in Country’s First Crypto Theft Case appeared first on CryptoSlate.

In the Daily: Riotx Exchange, Monacoin Hacker, Coinflex Investors

In this edition of The Daily we cover a planned U.S. regulated cryptocurrency exchange from Riot Blockchain, the arrest of a hacker in Japan who allegedly stole 15 million yen of monacoin, and a couple of new investors in Coinflex. Also Read: US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro Riotx Exchange Details Riot Blockchain, Inc. (NASDAQ: RIOT) has filed with the Securities and Exchange Commission (SEC) regarding its planned U.S.-based digital currency exchange, Riotx. The document shows that the company intends to launch trading on the exchange with bitcoin core (BTC), bitcoin cash (BCH), litecoin (LTC), and ethereum (ETH), paired with one another and also for U.S. dollars. Riot Blockchain explained it has selected these coins based on internal and external reviews, and will only include currencies for which it has full regulatory and legal authorization to list. The upcoming exchange will be comprised of three core services and Riot intends to acquire each of these by engaging third party vendors. Banking services will be provided by Synapse Financial Technologies, Inc. (Synapsefi); a trading engine will be provided by Shift Markets; and a provider of digital wallet services is still unannounced. The company anticipates launching its Riotx digital currency exchange by the end of the second quarter of 2019. Before October 2017, Riot was a biotechnology company known as Bioptix, Inc. that specialized in the development of veterinary diagnostic tools. On October 4, 2017 Bioptix announced it was changing its name to Riot Blockchain and shifting its business focus to investing in blockchain technologies. In February 2018 it was hit with a class action lawsuit in the Southern District of Florida related to the move. Monacoin Hacker Arrested According to media reports from Japan, police forces have caught an 18-year-old man who allegedly stole a total of 15 million yen (about $134.5K) worth of monacoin. The young hacker is accused of committing fraud using computers, among other allegations. He reportedly took advantage of vulnerabilities in an online wallet called Monappy to steal the funds of about 7,700 people. Mona is a cryptocurrency based on a cat meme popular in Japan that was created as a fork of litecoin. According to Japanese police, this is the first time a crypto hacker has been exposed in the country. This is despite the fact that he used Tor to hide his online identity and stored the stolen coins in an anonymous exchange abroad. The police claims to have identified him by analyzing blockchain transaction records. New Coinflex Investors Coinflex, a physically delivered crypto futures exchange, has announced the addition of investment firm Digital Currency Group and blockchain investment company Polychain Capital to its lineup of investors. Olaf Carson-Wee, CEO of Polychain, commented, “As a physically-settled futures exchange, Coinflex will be well positioned to capture significant order flow from speculators, institutional traders and Proof of Work miners seeking to hedge against crypto price volatility and hash rate volatility.” The exchange also announced the creation of its own token, called flex coin, to encourage liquidity and reward members who trade on the platform. This is a practice that has spread among exchanges, with the seventh most valuable crypto asset by market cap in the world today – Binance coin – one such exchange token. Based in Hong Kong and incorporated in the Republic of Seychelles, Coinflex is owned by a consortium that includes Trading Technologies International Inc., crypto trader Mike Komaransky, and Dragonfly Capital Partners. Market markers B2C2, Global Advisors, Alameda Research, Amber AI, Grapefruit Trading, Coinfloor and its subsidiary companies also have partial ownership of Coinflex. What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from The post In the Daily: Riotx Exchange, Monacoin Hacker, Coinflex Investors appeared first on Bitcoin News.
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Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than the most have predicted from its historic prices. However, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus apparently spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted, “BTC on the move again… Asian market certainly doing their bit today.” This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction. BTC/USD 1-Day Chart on Bitstamp (TradingView) The other four performing coins Opening Price: $6968 Closing Price: $8109 The weekly gains: 11% Weekly High/Low: $8390/$6178 Binance [BNB] Coin Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain. BNB/USD 1-Day Chart on TradingView Opening Price: $20 Closing Price: $29.5 The weekly gains: 40.6% Weekly High/Low: $32.2/$19.9 Stellar [XLM] Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC. XLM/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $0.10 Closing Price: $0.14 The weekly gains: 46% Weekly High/Low: $0.16/$0.117 Ethereum [ETH] Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets. Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run ETH/USD 1-Day Chat on Coinbase (TradingView) Opening Price: $188 Closing Price: $259 The weekly gains: 38% Weekly High/Low: $281/$185 Tezos [XTZ] Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform. It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2. XTZ/USD 1-Day Chart on Bitfinex (TradingView) Opening Price: $1 Closing Price: $194 The weekly gains: 25.4% Weekly High/Low: $207/$157   XRP, Dash, IOTA, and Cosmos [ATOM] The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains. The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale. XRP/USD 1-Day Chart on Bitstamp (TradingView) *The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation. **The data is taken at around 11: 00 Hours UTC on 19th May 2019.  The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance appeared first on Coingape.
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