News 

Monero Lead Progammer: It’s a Currency, Not an Investment

“The lead programmer working on cryptocurrency Monero has said that the coin should be viewed as a currency and not an investment” writes David Kimberley for financemagnates.com. Speaking to Forbes, Riccardo Spagni claimed that Monero was not designed to be a vehicle for investment.Conversely, Monero is designed to prevent that from happening, making it even more difficult to determine who is sending money to who using the cryptocurrency. Source: financemagnates.com

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New Instance of Monero Malware Sees Cryptojackers Target Linux Users

“More cryptocurrency mining malware continues to target major corporations, hijacking victims to mine altcoin Monero (XMR), new research warned on Feb. 5” writes William Suberg for cointelegraph.com. In mid-January, research from Palo Alto Networks found another Monero-mining malware targeting Linux users that had the ability to disable cloud-based security measures to avoid detection. Source: cointelegraph.com

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Crypto News 

Epic Games’ Fortnite Store Starting to Accept Monero Was Accidental, CEO Confirms

“Temporary volatility hit Monero (XMR) over the weekend after a gaming company chief said it accidentally began accepting the privacy-focused altcoin for payments Jan. 5” writes William Suberg for cointelegraph.com. Rumors had further claimed Epic had partnered with cryptocurrency payment processor GloBee on the Monero deal, something Sweeney also denied. “…[T]here’s quite a rumor mill out there,” he continued.According to Epic’s CEO Tim Sweeney, Monero had entered the store’s suite of payment options “somewhere along the way” but was unintentional, with staff subsequently removing it over the weekend. “We worked…

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Crypto News 

With 90 Percent of Monero Mined, Attention Turns to ‘Tail Emission’ From 2022

“Miners have now extracted 90 percent of privacy-focused cryptocurrency Monero (XMR) and will net the remainder by May 2022, data from monitoring resource Monero Blocks confirmed Dec. 20” writes William Suberg for cointelegraph.com. Tail emission ensures that a dynamic block size and fee market can develop.” Despite the feature, it is unlikely Monero will become an inflationary cryptocurrency, due to the technically unlimited issuance of 0.6 XMR per block. Cryptojackers generally prefer to mine anonymity-focused coins, such as Monero, according to reports.Lost or burned coins will likely equal more than…

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Crypto News 

Ways to Track Monero and Zcash Sought by U.S. Government

“Blockchain forensic analytics for the homeland security enterprise can help the DHS law enforcement and security operations across components as well as state and local law enforcement operations” writes Jeffrey Francis for livebitcoinnews.com. Phase I is to design a blockchain system or modify an existing one to allow for forensic analysis by law enforcement. Source: livebitcoinnews.com

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Crypto News 

Monero drifts with the bearish tide

“Monero (XMR) now takes the 11th place in the global cryptocurrency rating provided by CoinMarketCap” writes Fx Street for forexcrunch.com. Monero (XMR) is trading in a red zone in sync with other altcoins.Monero is a privacy-focused coin that allows users to send and receive digital money without disclosing sender and receiver addresses and the transferred amount. Source: forexcrunch.com

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Crypto News 

Hackers Attacked by Bear: Crypto-Jacking is Declining

“In the below chart can be found countries which have banned cryptocurrency, countries which has legitimised it, and countries in between the two” writes Simon Golstein for financemagnates.com. In the first half of 2018, mining protocols made up almost 5 percent of botnet downloads, compared to 2.7 percent in early 2017.Having said that, there is one area in which the law affects crypto-jacking; there is a clear correlation between the distribution of unlicensed software and mining attacks.Cryptocurrency mining, for Bitcoin anyway, is a very CPU-heavy task, which is why most…

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Crypto News 

Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, IOTA: Price Analysis, Nov. 19

“The 20-day EMA and the 50-day SMA have turned down and the RSI is deep in the oversold territory” writes Rakesh Upadhyay for cointelegraph.com. The declining 20-day EMA and the RSI in the oversold territory show that the path of least resistance is to the downside.However, with both moving averages sloping down and the RSI in oversold territory, every pullback will be met with strong selling.The RSI is deep in the oversold territory, which can result in a pullback. Source: cointelegraph.com

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Crypto News 

US: Crypto Initiative Donates Monero to Bail Out Immigrants in ICE Detention

“Bail Bloc has set a goal to help charged immigrants pay their bail with money raised through cryptocurrency mining” writes Ana Alexandre for cointelegraph.com. In ICE detention people are required to pay an immigration bond in exchange for their immediate-term release, although statistically only 47 percent of those in detention are given a bond hearing.The Bail Bloc initiative has started using cryptocurrency raised through charity to help people get out of U.S Immigration and Customs Enforcement (ICE) pretrial incarceration, according to a tweet posted by a Bail Bloc co-founder Nov.…

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