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French Authorities Stamp Out Monero Mining Virus

A large Monero based mining virus has been ripping through the blockchain recently, according to reports however, police forces in France have finally been able to exterminate the virus, a virus that started in Paris, and eventually made its way to data stores of Israeli hospitals. According to Finance Magnates: “The cybercrime unit at French police has uncovered and neutralized a virus that secretly infected more than 850,000 devices worldwide to mine a cryptocurrency called Monero (XMR). Monero, as a cryptocurrency focused on privacy and anonymity, was reported as forming the preferred target for miners malware. Dubbed Retadup and originating...

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Nine Flaws Found On Monero By Developers

Not one, not two but nine security flaws have been revealed to be on Monero from developers. One of these nine bugs could actually be exploited and used to steal XMR from cryptocurrency exchanges. According to a report by HackerOne: “By mining a specially crafted block, that still passes daemon verification an attacker can create a miner transaction that appears to the wallet to include sum of XMR picked by the attacker. It is our belief that this can be exploited to steal money from exchanges,” a developer with the pseudoname “cutcoin” The developers have also found five DoS attack...

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Cryptocurrency Can Be Safer Than You Think

Believe it or not, cryptocurrency investment does not have to be risky, it doesn’t have to be dangerous and investing in crypto doesn’t mean you need to behave like you’re navigating a minefield. As a matter of fact, cryptocurrency can even be seen as an investment option that is safer than many traditional investments, such as stocks and commodities. Of course, you should remember that even when you play it fully safe, cryptocurrency investment still carries an element of risk and that ultimately, you can be left behind if you don’t watch yourself in this industry. The markets are brutal...

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CD 21 Leaders Index Up 1.57% On Monero’s (XMR) Gain Of +6.8%

The CryptoDaily 21 Leaders Cryptocurrency Index improved to 50.36 from 49.58 the previous day, a 1.57% gain. The 21 Leaders Index is up 5.06% over the past 7 days and 11.68% over the past 30 days. Monero (XMR) led the Index higher with a +6.8% gain to US$ 1.83 billion as traders continued to react to news of the first Monero Conference and the asset’s move above US$ 100.00. Binance Coin (BNB) notched gains of 3.7% while Chainklink (LINK) led the losers with a 6.0% loss. The CryptoDaily Large-Cap Cryptocurrency Index fell to 33.39 on Thursday from 33.59 on Wednesday,...

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XMR: Could A Monero Hard Fork Lead To Unprofitable Mining?

Once again it seems that Monero has split through means of a hard fork to keep the ASIC miners off their back, who take over the network after a time and are seemingly disliked by the community surrounding Monero. Monero would prefer to be a CPU, at most a GPU coin, which is mined by the people who use it. In discussing Monero’s moves, Binance released a new report over the weekend.   The crypto exchange noted that there was some backlash related to permanently kicking ASIC miners off the network. For those that don’t know, here’s a quick summary...

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