Tagged: monero

To Counter Money Laundering, Polish Crypto Exchange BitBay Ending Support of Monero Privacy Coin

Polish crypto exchange BitBay has announced it has, “end(ed) market trading support for Monero (XMR),” a privacy-enhanced cryptocurrency, because the coin can be used for money laundering: “Monero (XMR) can selectively utilize anonymity features among projects…The decision was made to block the possibility of money… Read More

Citing Money Laundering Concerns, South Korean Exchange UpBit Delists Privacy Coins Monero (XMR), ZCash (ZEC), DASH

South Korean digital asset exchange Upbit announced on September 20 that it will delist several privacy-oriented cryptocurrencies including Monero (XMR), Dash (DASH), and ZCash (ZEC). Upbit’s management noted in a blog post that it would also cease trading for PIVX, a privacy-focused proof-of-stake (PoS) currency… Read More

New Financial Action Task Force Rules Force OKEx to Delist Privacy Coins Monero, Zcash, Dash

The South Korean arm of Malta-based digital asset exchange OKEx announced that it will no longer support five major cryptocurrencies due to new international financial regulations. OKEx Korea’s management noted that it would suspend trading for privacy-oriented digital currencies including Monero (XMR), Zcash (ZEC), and… Read More

Company Used 9000 Technicians to Deploy Malicious Cryptomining Software in China

Police in China have shut down a massive cryptomining exploit pervaded by a computer network maintenance company in the Northeastern city of Zhengzhou, CCTV News reports. Officially, the company offered network maintenance services and “value-added advertising,” to Internet cafes and other businesses. Unofficially, the company’s 9000… Read More

French Cyber Police Take Down Monero Botnet Big Enough “To Bring Down All…Websites on the Planet”

“Cybergendarmes” from France’s C3N anti-cybercrime centre have dismantled a botnet that infected 850 000 computers worldwide with a virus to mine the privacy cryptocurrency Monero, BBC reports. The botnet (a network of “zombified” computers commandeered by a virus to proliferate viruses) is believed to have… Read More

European Central Bank Seeking to Close Gaps on Crypto Network Monitoring

The European Central Bank (ECB) says it is working to close gaps in its crypto-network monitoring regime in order to ensure that risks, “currently contained and/or manageable,” do not, “increase over time and have future implications,” for mainstream financial systems. “Spillover effects may…be transmitted to… Read More

Nine Bugs, One “Critical,” Detected in Monero “Privacy Coin” Software

“White hat hackers” (friendly researchers) have discovered nine bugs in the code underpinning Monero, a “privacy cryptocurrency” network created in 2014 that is designed to conceal the identities of its users, Hard Fork reports. Up until March of this year, one of the bugs could… Read More

Monero Collaborates With Arweave to Validate Cryptocurrency Proof-of-Work Algorithm “RandomX”

Cryptocurrency Monero announced on Tuesday it has partnered with Arweave to validate the new cryptocurrency proof-of-work algorithm, RandomX. According to Monero, RandomX promotes fair cryptocurrency mining on standard computer hardware, resisting the use of Application Specific Integrated Circuits (ASICs). “RandomX fights the use of ASICs…. Read More

Monero Developers Defend Their Cryptocurrency Against Allegations of Criminal Use

The development team behind the “privacy coin” Monero has taken exception to a Reuters report profiling the coin and highlighting its use by criminals. “For a story that ‘examines the features and characteristics of some of the alternatives to Bitcoin that have grabbed the attention… Read More

UK Firm Auctioning 315 Seized Bitcoins for Belgian Government

UK auction house Wilson’s Auctions will be selling 215 Bitcoins, Bitcoin Gold “coins” and Bitcoin Cash “coins” in a 24-hour Timed Online Auction starting February 28th. According to the firm, the coins (104.99 of each), “were seized by the Belgium police as a result of a… Read More

Monero Crypto Network Plans Fork to Buck ASIC Miners Once and For All

Fork

Developers of the privacy-cryptocurrency Monero have announced they’ll be “forking” (making code changes to) their network, changes that will reportedly make it impossible for “miners” using powerful ASIC-chip-laden machinery to process transactions on the network, Blockchain Reporter states. The change, which is scheduled to take… Read More

Use of Bitcoin on Dark Net Doubled in 2018 Despite 80% Price Drop

An average of $2 million USD in Bitcoins per day is still flowing into Dark Net markets, despite an 80% price slump and the mid-2017 shuttering of Alpha Bay and Hansa, two popular Dark marketplaces, Reuters reports. Reuters says that flow represents a doubling of… Read More

New Monero CryptoMining Malware Targeting Alibaba and Tencent Clouds

Cybersecurity firm Palo Alto Networks’ Unit 42 “global threat intelligence team” has identified a new exploit illegally mining Monero cryptocurrency on Chinese public cloud networks: “Palo Alto networks recently captured and investigated new samples of the Linux coin mining malware used by the Rocke group…. Read More

Norwegian Police Seeking Public’s Help in Kidnapping Case; Monero Ransom Demanded

Police and Norwegian media are reporting that the wife of one of Norway’s richest people went missing from her home October 31st, and hasn’t been seen since. According to Norwegian police, “the main hypothesis” is that 68-year-old Anne-Elisabeth Hagen was abducted. Police say they found… Read More

Monero-Mining Malware Getting More Sophisticated, Researchers Say

A sophisticated actor, or actors, is presently using an “evolving” type of crypto-jacking software to infect private systems from Mexico to India to Norway to Israel, commandeering them for the mining of Monero, a popular “privacy cryptocurrency” difficult to trace. The malware, called “KingMiner,” has been… Read More

US Department of Homeland Security Seeking Privacy Crypto Forensics Contractors

The Department of Homeland Security (DHS) Small Business Innovation Research (SBIR) Department is seeking proposals from contractors skilled in blockchain forensics, data analysis, and information sharing. More specifically, the DHS/SBIR is satisfied with its ability to investigate transactions on the Bitcoin blockchain but seeks to be able… Read More

Fake Flash Player Updates Getting More Sophisticated at Spreading Crypto Malware

Until recently, fake Flash Player updates designed to spread malware have typically been rather clunky and lacking in “stealth,” says Brad Duncan, a threat intelligence analyst and writer for the cybersecurity firm Palo Alto Networks. “In recent years, such imposters have often been poorly-disguised malware… Read More

A Botnet is Roving Around Destroying CryptoMining Malware

Lost in Space Robot

Cybersecurity researchers at Qihoo 360NetLab say they have identified a botnet (a network of coordinated computing devices) that is trolling the net to locate computers running Monero mining script and destroying the script. The botnet is said to first look for the presence of a… Read More

Bitmain, Biggest Crypto Firm On Planet, Expands Again, This Time in Isreal

Cryptocurrency consortium Bitmain, the world’s most valuable crypto firm, has embarked on yet another expansion, this time in Isreal, where it plans to triple the size of the workforce at its Ra’anana development centre. Bitmain told Israel business news site Globes that it is adding… Read More

Stolen File Site Pirate Bay Mining Crypto on Visiting Computers

Pirate Bay, an illegal website that indexes stolen digital files is trying out a new revenue model so it can chuck those pesky ads. The file pirates first announced plans to engage 20-30% of visitors’ CPU power to mine cryptocurrency Monero last fall in a… Read More

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