MoneroMonero XMR news

XMR offers a high level of anonymity to its users and aims to be private digital cash
Price, 24h
63.85 USD / 0.01198000
-5.30% / -3.00%
Volume, 24h
100,450,758 USD
91.86%
Marketcap
1,057,509,355 / 0.62%
Emission
Chart price/vol/NIS 7d
Asset details

World latest news

Crypto-Market Update: Bitcoin [BTC] Drops Below $5k; Altcoin, ETH, XRP, and XMR Traders Panic on Bitfinex News

Bitcoin [BTC] dropped by more than 3.7% on 25th April 2019, as it dropped below $5k support. On a daily scale, the price fell by 8.76% from $5450 level. The negative movement in the market has been attributed to another Exchange related fraud this time involving Bitfinex. BTC/USD 1-Day Chart on Coinbase (TradingView) The price of Bitcoin at 3: 00 UTC on 26th April 2019 is $5235. The market has apparently corrected from the hack as it traded only 1.72% lower on a daily scale. Before Binance, Bitfinex was the leading Cryptocurrency Exchange in terms of volume. USD-Tether stablecoin was also first made popular on this Exchange. Recently, the New-York’s Attorney General’s office has accused the Exchange of covering up to $850 million using USDT. The news broke late on 25th April 2019 and it caused a temporary frenzy in the markets. Moreover, the altcoins bore the maximum brunt of the fall as the total market capitalization of altcoins (excluding Bitcoin) lost about $5.8 billion dollars. Market Capitalization of Altcoins Only (Coinmarketcap) The total market capitalization of the cryptocurrency markets including Bitcoin fell below $170 billion as well. Furthermore, the dominance of Bitcoin over the cryptocurrency markets gained another percent; Currently, Bitcoin’s dominance is 54.8%. Litecoin (LTC) Traders Not Moved The Exchange-related scam was reported on the illicit use of USD-Tether. Moreover, the Bitcoin traders were too vulnerable and apprehensive of a drop that the news brought extreme FUD (Fear, Uncertainty, and Doubt) in the markets. LTC/USD 1-Day Chart on Coinbase (TradingView) However, Litecoin traders remained unhinged, the losses it incurred due to Bitcoin’s fall were moderate and covered in a matter of hours nonetheless. The price of Litecoin [LTC] at 3: 15 hours UTC on 26th April is $74.17. It is trading 1.07% higher on a daily scale. Ethereum (ETH), Monero (XMR) and Dash (Dash) and XRP Ether (ETH), Monero (XMR) and Dash (DASH) fell by around or more than 5% on a daily scale registering highest losses amongst the top cryptocurrencies. Ethereum broke the $160 support line during the crash. The price of ETH at 3: 20 hours UTC on 26th April is $155.9. It is trading 5.42% lower on a daily scale. Monero (XMR) and Dash (Dash) also broke key support levels. They are trading 7.45% and 5.02% lower on a daily scale respectively. Also read: Ethereum, Monero and XRP Bullish, Peter Brandt Lists Stop Loss Levels To Watch-Out For While XRP lost less in terms of percentage on a daily scale it also broke a key support level of $0.3. The price of XRP at 3: 30 hours UTC on 26th April is $0.293. The top losers in the top 20 cryptocurrencies by market capitalization were Tezos (XTZ) and IOTA with 12.52% and 10.86% loss respectively. The price of Tezos at 3: 30 hours UTC on 26th April 2019 is $1.10. It wiped out most of the gains of the month, it touched a high of $1.47 in April. Do you think that the market would correct on the daily or bears would grab hold of the opportunity? Please share your views with us.  The post Crypto-Market Update: Bitcoin [BTC] Drops Below $5k; Altcoin, ETH, XRP, and XMR Traders Panic on Bitfinex News appeared first on Coingape.
CoinGape

Symantec Finds New Beapy Crypto Mining Malware Is Hijacking Chinese Companies for Monero

Beapy, a new cryptocurrency malware, is spreading very fast around the world, especially in Asia. This new malware is being used to infect several thousand highly valued companies. It uses some U. S. National Security Agency (NSA) exploits and hacked credentials in order to work and can infect many machines quickly. This latest infection spike […]
Bitcoin Exchange Guide

Monero [XMR]: Malware ‘Beapy’ targets Chinese enterprises; reportedly ‘faster than CoinHive’

Security breaches in the cryptocurrency space have been a common phenomenon, with several attacks having occurred over the past couple of months and resulting in the loss of cryptocurrencies worth millions. The latest malware attack in the world of digital assets is ‘Beapy,’ and reports have stated that the malware has been used to hijack China’s enterprises. The purpose behind such hijacking is to illegally mine Monero, reports claim. The malware takes its core functionalities from the National Security Agency’s [NSA] tricks and fake credentials to latch on to multiple networks and spread around. Symantec, the popular cybersecurity firm, stated, “This campaign demonstrates that while crypto-jacking has declined in popularity with cyber criminals since its peak at the start of 2018, it is still a focus for some of them, with enterprises now their primary target.” The malware, first discovered in January 2019, reportedly mines Monero [XMR] faster than CoinHive. Sources confirmed that the machines affected by the malware downloaded ‘XMRig,’ a mining software from the perpetrators’ toolbox. Analysts concluded that hackers used file-based miners like Beapy more than browser miners like Coinhive, because of stark differences in their mining speeds. Alan Neville, a Threat Intelligence Analyst at Symantec, stated, “We believe that the attackers are mining Monero, as we observed a miner called XMRig being downloaded – this is specific to Monero, The Monero cryptocurrency, which is the cryptocurrency most commonly mined during crypto-jacking attacks, dropped in value by 90 percent in 2018, so it may make sense that miners that can create more cryptocurrency faster are now more popular with cyber criminals.” Monero is one of the most common victims when it comes to hacks, evidenced by multiple wallet hacks and users getting affected. The cryptocurrency was also in the news recently after Riccardo Spagni gave his views on Bitcoin and Monero’s supply. He spoke about the three different types of designs that would play a part in the supply; inflationary, deflationary and dis-inflationary. He said, “I think inflationary is always bad for the most part. I think dis-inflationary is a reasonable middle ground that gives you, if you’re not if you’re designing for digital currency and not digital gold then dis-inflationary is not a bad model. it’s the model the Monero users and I don’t think it’s terrible. if you’re designing for digital gold it has to be deflationary.” The post Monero [XMR]: Malware ‘Beapy’ targets Chinese enterprises; reportedly ‘faster than CoinHive’ appeared first on AMBCrypto.
AMBCrypto

What is Monero? A Beginner’s Guide

Monero is a private decentralized cryptocurrency that uses XMR as its coin. In this video I’ll explain what Monero is, how it works, what’s the difference between privacy and anonymity and give you some general information about XMR. Learn everything about this in today's Crypto Whiteboard Tuesday episode. For the complete text guide visit: https://99bitcoins.com/monero/ Join our 7-day Bitcoin crash course absolutely free: http://bit.ly/2pB4X5B Learn ANYTHING about Bitcoin and cryptocurrencies: http://bit.ly/2BVbxeF Get the latest news and prices on your phone: iOS - https://apple.co/2yf02LJ Android - http://bit.ly/2NrMVw2 Still have questions? Leave us a comment in the comment section below
99Bitcoins

Technical Analysis and Market Entry: Monero (XMR)

Monero (XMR) is at present stuck within a consolidation mode of trading, ahead of the next committed potential move north. XMR/USD price action has formed a bullish […] The post Technical Analysis and Market Entry: Monero (XMR) appeared first on Hacked: Hacking Finance.
Hacked

MONERO Price Prediction Today: Daily (XMR) Value Forecast – April 22

There have been different lines of choppy price movements are being recorded in both the medium and short term trends of the XMR/USD market. A breakdown of the 50-day SMA and the Bollinger Lower Band at a conjoint point could create a clear cut point between the bulls and the bears especially if such a […]
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Monero (XMR) news by Finrazor

HIGHLIGHT

The cryptocurrency market has been anything but stable in recent days. But we, the Finrazor team, do not let the spikes and free falls distract us from work. For the past few weeks, we’ve been preparing a series of educational beginner-friendly articles about some of the more established as well as newer technologies

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HIGHLIGHT

Zcash Upgrades to Sapling

On 18 October, Monero integrated Bulletproofs as the core change in its latest Beryllium Bullet release. Yesterday Zcash, the runner-up to the largest privacy coin by marketcap, rolled out Sapling, a major network upgrade that introduces significant performance and functionality improvements to shielded transactions

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ESSENTIAL

Monero fees plummet to a couple of cents, as the privacy-centric cryptocurrency releases Beryllium Bullet, a highly anticipated system-wide software upgrade. The core change in Monero 0.13.0 includes the introduction of bulletproofs, a breakthrough cryptographic technology that restructures the verification of Confidential Transactions, the technique that helps Monero obfuscate transacted amounts

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HIGHLIGHT

Golem Unlimited Demo Out

Golem publishes a video demonstration of Unlimited, a feature that allows nodes to create an internal trusted network for sharing computing power under their own policy

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ESSENTIAL

The Beginner’s Guide to Monero

Monero is an anonymous digital currency that enables untraceable and unlinkable transactions by obfuscating a public ledger. It combines ring signatures, stealth addresses, Kovri and RingCT in a way that hides senders, recipients, their IP addresses and transacted amounts

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Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco

The market saw prices of most major cryptocurrencies soar earlier this week. However, the weekend has led to a new turn of events as coins are now being dragged into bearish territory. Among the top-10 coins, the five cryptocurrencies that saw the biggest fall were Stellar Lumens [XLM], EOS, Cardano [ADA], XRP, and Litecoin [LTC]. The fall in prices was a result of the Bitfinex-Tether fiasco. New York State’s Attorney General’s [NYAG] office revealed that iFinex, the company behind the crypto-exchange Bifinex, may be violating New York Law. This announcement was in relation to activities that “may have defrauded” local investors who trade in cryptocurrencies. Stellar Lumens [XLM] Source: Trading View Stellar Lumens [XLM] was valued at $0.1158 on April 20 and fell by 14.68% over the week. At press time, the coin was valued at $0.0990 with a market cap of $1.88 billion. The 24-hour trading volume was noted to be $276 million, as the coin fell by 4.50% over the past day and continued to dip by 0.43% within the past hour. EOS Source: Trading View EOS, at the beginning of the week was valued at $5.47, after which it fell by 13.97% over the past seven days. At press time, the coin was valued at $4.70, with a market cap of $4.43 billion. The 24-hour trading volume of the coin was $2.62 billion as it fell by 1.91% over the past day. The coin, at press time, was falling by 0.14% and failed to recover. Cardano [ADA] Source: Trading View Cardano [ADA] fell by 13.41% over the week, which resulted in its price falling from $0.0769 to $0.0690. The market cap of the coin was reported to be $1.78 billion and the 24-hour trading volume was $108 million. Over the past 24-hours, the coin fell by 4.47% and continued to fall by 1.35% within the past hour. XRP Source: Trading View At the beginning of the week, XRP was valued at $0.3325, after which it slipped by 11.88% and, at press time, was valued at $0.2929. The market cap of the coin was noted to be $12.30 billion and the trading volume of the coin was $1.36 billion. XRP fell by 2.49% over the past day and by 0.50% over the past hour. Litecoin [LTC]  Source: Trading View Litecoin [LTC] noted a fall of 10.79% over the past week, which reduced the price of LTC from $81.33 to $72.64. The market cap of the coin was $4.46 billion with a 24-hour trading volume of $3.15 billion. The price of the coin fell by 0.77% over the past 24-hours and by 0.94% within an hour. The post Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco appeared first on AMBCrypto.
AMBCrypto

Bitfinex: $850M Lost Tether ‘False Assertion’

Following the New York Attorney General’s accusations of a $850M cover-up by Bitfinex, the company has issued its response. Binfinex refutes the claims as ‘riddled with false assertions’ and that the funds are not lost.  The Cover-Up Claims According to the NY Attorney General’s claim, Bitfinex lost $850 million of customer money. This had been sent to, and seized by payment processing firm, Crypto Capital Corp. The allegation goes on to say that Bitfinex used cash reserves from affiliated stablecoin, Tether, to cover the shortfall. The AG, Letitia James, claims this ‘loss of funds’ and movement of reserves was not disclosed by operator of both Bitfinex and Tether, iFinex. Therefore, it had “engaged in a cover-up to hide the apparent loss of $850 million of co-mingled client and corporate funds.” At press time, the price of USD Tether 00 has fallen bellow its $1 peg. Meanwhile, its stablecoin competitors such as USD-Coin 00  and TrueUSD 00 are now trading at a slight premium. This suggests that investors are likely swapping their tethers  to avoid any further surprises. Worth noting, Bitcoinist reported yesterday that the supply of tethers has reachd an all-time high. ‘Bitfinex and Tether are Financially Strong’ Bitfinex responded today by claiming that the AG’s filings: …were written in bad faith and are riddled with false assertions, including as to a purported $850 million “loss” at Crypto Capital. It claimed that these funds were not lost, but had “been, in fact, seized and safeguarded,” and it was actively working to get those funds released. It went on to chastise the AG for not doing more to aid and support its recovery efforts. Both Bitfinex and Tether are financially strong – full stop. And both Bitfinex and Tether are committed to fighting this gross overreach by the New York Attorney General’s office against companies that are good corporate citizens and strong supporters of law enforcement. Bitfinex and Tether will vigorously challenge this, and any and all other actions, by the New York Attorney General’s office. The Double Standards Caitlin Long pointed out on Twitter, that even if the allegations were true, the NY AG was guilty of double standards. From 2009-12, Merrill Lynch, according to the SEC: commingled customer funds, used them to cover its own obligations, & had it failed its customers would have been exposed to a “massive shortfall in the reserve account.” Which is essentially what the AG is accusing iFinex of. But whilst the SEC dealt with the Merrill Lynch case without causing panic and customer withdrawals, the move by the AG has sparked just that for iFinex. 7/ So…#NewYork did good investigative work here but needs to be called to task on why the double standard, and why the "gotcha" approach? Why not do the same to #WallSt firms when they play similar shell games??? — Caitlin Long (@CaitlinLong_) April 26, 2019 She also urged exchanges to clean up their acts regarding transparency and proof of solvency, to avoid such situations. The Problem? The Attorney General’s filing, asserts that the Tether funds were extended as a line of credit, over three years, with a 6.5% interest rate. An iFinex share charge, of 60,000,000 shares, secured the loan. Entrepreneur and commentator, Alistair Milne, Tweeted the situation rather succinctly, concluding that, as long as “Bitfinex trades profitably, no problem.” TL:DR the Tether/Bitfinex news:Bitfinex have borrowed ~700mil from TetherBitfinex pay a 'fair' interest rate on this loan60million shares in Bitfinex were pledged as collateralIf CryptoCapital release the USD, no problemIf Bitfinex trades profitably, no problem — Alistair Milne (@alistairmilne) April 25, 2019 Which brings us back to transparency and disclosure. If iFinex told customers and investors about this alleged ‘seizure’ and ‘loan’, then would they now have a problem? And is the AG’s ‘gotcha’ approach really warranted in any case? Is the NY Generaly Attorney acting in ‘bad faith’? Share your thoughts below! Images via Shutterstock The post Bitfinex: $850M Lost Tether ‘False Assertion’ appeared first on Bitcoinist.com.
Bitcoinist

New York Attorney General’s Office Accuses Bitfinex Of Covering $850 Million Losses Using Tether Funds

If you are our BitcoinExchangeGuide’s regular reader. You should already know about the shady connection between Bitfinex and Tether. This Thursday, a document by the New York Attorney General’s (NYAG) office revealed that iFinex, the company behind both Tether (USDT) and Bitcoin exchange Bitfinex, is being sued. In the press release, the attorney general Letitia […]
Bitcoin Exchange Guide
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