monero / 30 posts found

Report Claims 85% of the Monero Network Dominated by ASIC Miners

by crypto journalist
Over the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times in order to gain ASIC resistance. Monero developers have once again failed in that respect as a recent analysis shows more than 85 percent of the Monero network is currently dominated by ASICs. Despite ASIC Resistance Attempts, ASIC Miners Dominate Monero In April last year, […]

Criminals are dropping bitcoin for another currency: monero

by crypto journalist
by Olga Kharif Bitcoin is losing its lustre with some of its earliest and most avid fans – criminals – giving rise to a new breed of virtual currency. Privacy coins such as monero, designed to avoid tracking, have climbed faster over the past two months as law enforcers adopt software tools to monitor people using bitcoin. A slew of analytic firms such as Chainalysis are getting better at flagging digital hoards linked to crime or money laundering, alerting exchanges and preventing conversion into traditional cash. The European Union’s law-enforcement agency, Europol, raised alarms three months ago, writing in a report that […]

Monero Just Hard Forked — and It Resulted in Four New Projects

by crypto journalist
One hard fork later, there are four new Monero projects. Monero hard forked to version 12 of its protocol yesterday. But not everyone is on board. Following the once set by, some users are continuing on the pre-hard fork Monero blockchain… though in this case not as a single project. Now there is , (XMZ), (XMO) and a second project by the name (XMC) (which in this article we will refer to as Monero-Classic); these are all continuing on version 11 of the Monero protocol. Of course, this means they are all still compatible on a single network, using the […]

Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Cardano, Monero, TRON: Price Analysis, December 1

by crypto journalist
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. After the first signs of recovery, the opinion is divided on the current pullback in the market. Some say that it is only a dead cat bounce, while others believe that it is the start of a base building process that will result in a new uptrend. Michael Bucella of the crypto-focused investment firm BlockTower […]

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 10

by crypto journalist
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. After a period of relatively calm trading activity, this week has seen a number of adverse news for the crypto markets. The International Monetary Fund (IMF) is wary of the growth in digital currencies’ prices and popularity. In its latest World Economic Outlook report, it has warned that rapid expansion of a new […]

Bitcoin, Ripple, Ethereum, Stellar, Bitcoin Cash, EOS, Litecoin, Cardano, TRON, Monero: Price Analysis, Dec. 5

by crypto journalist
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Experts are divided over the future behavior of the crypto markets. Mike Kayamori, CEO of Quoine, expects Bitcoin to make new lifetime highs by the end of next year, and believes that the bottom is close to current levels. On the other hand, Malachi Salcido, head of Wenatchee, Washington-based Salcido Enterprises, expects the situation […]

We’re All Crypto Miners Now: Hacking Epidemic Churns Out Monero

by crypto journalist
(Bloomberg) — There’s a chance your computer or phone is quietly producing a cryptocurrency called Monero. Criminals looking to commandeer massive processing power to unlock new Monero coins have unleashed an epidemic of malicious software that burrows deep into victims’ web browsers to surreptitiously run calculations. A security researcher discovered the latest attack last weekend, finding the malware on more than 4,000 sites, including those owned by the U.S. court system, the governments of Australia and Britain, and City University of New York, all of which used a text-to-speech accessibility script called Browsealoud. “Within hours of identifying the problem, the compromised […]

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 21

by crypto journalist
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Michael Novogratz, founder of the digital asset management firm Galaxy Digital, has recently reiterated his view that cryptocurrencies have hit a bottom and a rebound is due. He believes several institutional players might invest in the market, boosting prices. It, however, will be a slow grind higher. We have also been maintaining that […]

Top 5 Crypto Performers Overview: Tron, Litecoin, Binance Coin, Dash, Monero

by crypto journalist
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Jeff Schumacher, founder of BCG Digital Ventures, told CNBC during a panel discussion in Davos, Switzerland that Bitcoin will go to zero. In another interview with Fox Business, Fundstrat Global Managing Partner Thomas Lee said that Bitcoin can still go to $25,000, which he calls its fair value. Analysts at JPMorgan Chase have […]

Purism Collaborates with Cryptocurrency Monero to Enable Mobile Payments

by crypto journalist
Purism plans to utilize Monero’s privacy respecting platform to build a cash-like, digital payment system for Librem 5 smartphone users SAN FRANCISCO, Calif., October 13, 2017 — Purism, maker of security focused hardware and software, today announced a collaboration with Monero, the only secure decentralized currency that is private by default. Purism recently started accepting Monero for payments in its online store, and this is a continuation of the company’s support for the cryptocurrency. As more central services like Equifax are hacked, exposing vulnerable user data in unprecedented ways that cause permanent damage to people’s privacy, it has become clear […]