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Europol Official: Monero Remains Anonymous Untraceable Privacy Coin

Posted on January 2, 2020January 2, 2020 by Rehan Yousaf

The European Union Agency for Law Enforcement Cooperation, also known as Europol, has confirmed that Monero transactions remain anonymous as the agency is following the development of privacy coins. Jerek Jakubcek, a strategic analyst of Europol’s European Cyber Crime Centre (EC3), shared the details during a Blockchain Alliance webinar that crypto transactions conducted on Monero cannot be traced or recorded. Jakubcek went on by saying that these privacy obstacles have prevented investigators from tracking locations…

Detected: Crypto Mining Malware Hidden in Images of Taylor Swift

Posted on December 22, 2019December 22, 2019 by Julie Williams

New malicious crypto scheme detected: an ongoing crypto mining malware designed as a photo of Taylor Swift. This crypto mining botnet, which has infected millions of devices across the globe, is reportedly shared in a jpeg file of the award-winning singer Taylor Swift. A recent study by the UK-based cybersecurity firm Sophos shows that the malware’s operators are leveraging a tech method tagged steganography, which allows them to hide malicious software inside legitimate files. So,…

Security Firm ESET: Hackers Distribute Monero Cryptojacking Malware on YouTube

Posted on November 28, 2019December 11, 2019 by Rehan Yousaf

A recent report published by ESET, a cybersecurity company, has revealed the modus operandi of the Stantinko botnet, which has been distributing a Monero (XMR) cryptocurrency mining module through YouTube without the users’ knowledge or consent (cryptojacking). According to the report, the hackers have been installing malware content on YouTube channels to highjack the computers’ CPU of the victims who are innocently watching videos YouTube. The malware automatically consumes the computational power illegally to mine…

Crypto Exchange BitBay Follows FATF Rules and Ends Support for Monero

Posted on November 27, 2019November 27, 2019 by Rehan Yousaf

In an announcement released on Monday, the crypto exchange BitBay has affirmed that it will stop its support for the cryptocurrency Monero (XMR). The trading platform will stop its support on 19th February, 2020. Monero is a privacy-oriented digital coin. To keep up with the market standard, BitBay has decided to end its services for all cryptocurrencies that revolve around privacy. The decision was made to ensure that no money laundering activity takes place or…

Monero Details Website Malware Breach that Steals Cryptocurrency

Posted on November 20, 2019November 20, 2019 by Rehan Yousaf

A Reddit post made on November 19th by Monero’s core development team details that the software on the company’s official website was temporarily compromised and then programmed to steal cryptocurrency. Monero (XMR), an open source cryptocurrency created in 2014, notified its users about the breach and posted a security warning on the social media platform Reddit. The Monero team states that within the last 24 hours of Nov. 19th, command-line interface (CLI) binaries that were…

Vigilante Hacker Phineas Fisher: $100K Reward in Crypto for Public Interest Hacks

Posted on November 19, 2019December 11, 2019 by Rehan Yousaf

‘Phineas Fisher,’ an anonymous hacktivist, has released a manifesto addressed to hackers in which he offers a reward of up to $100K in cryptocurrency to anyone who carries out politically motivated attacks. The bounty operation is called “Hacktivist Bug Hunting Program” and the idea is to incentivize hackers to perform cyber-attacks that could result in leakage of documents that are in the public interest. Phineas Fisher mentions in his document that he would be paying…

DEA Official: Cryptocurrencies Fuel the Opioid Crisis in the US

Posted on November 4, 2019November 4, 2019 by Ravi Rd

Cryptocurrencies have become one of the favorite ways to get away from legal authorities for individuals dealing with selling controlled substances such as opioids. The opioid crisis has become a serious issue as it kills 130 people every day in the U.S. due to overconsumption of opioids in the form of prescription pain relievers, heroin, and synthetic opioids such as fentanyl. Now, the fight against the opioid crisis is getting tougher as the criminals have…

Crypto Exchange OKEx Korea Ceases to Support 5 Cryptocurrencies

Posted on September 18, 2019September 18, 2019 by Rehan Yousaf

OKEx Korea, an international cryptocurrency exchange, notified in a statement originally made on 10th September that it will cease to support five cryptocurrencies; Monero (XMR), DASH, Zcash (ZEC), Horizon (ZEN) and Super Bitcoin (SBTC). The company will end transaction support on October 10th and the end of withdrawal facility two months later, on 10th December. In the statement made, OKEx Korea claimed that the reason for the termination of support was because the following five…

Massive Monero Cryptojacking Scheme Busted by French Police

Posted on September 1, 2019September 1, 2019 by Julie Williams

A gigantic Monero cryptojacking scheme, big enough to take down all the civilian websites on the planet, was recently taken down by the French police. The French police cybercrime unit, C3N, believes the scheme was designed by a French-speaking group, which has allegedly made millions of euros from several fraudulent activities. The French cybercrime unit stated that it has received the alert from the popular antivirus company, Avast, about a private server that may be…

Zcash to Develop Completely New Blockchain with Sharding to Serve Billions

Posted on June 26, 2019June 26, 2019 by Ravi Rd

The Electric Coin Company (ECC), the company behind the privacy-oriented cryptocurrency Zcash, has announced that they will build a new blockchain for the token whilst incorporating “Sharding.” The newly developed blockchain will be capable enough to scale and serve about 10 billion users, media outlet Decrypt reported on June 22. Zcash, The second-largest privacy-centered digital coin in terms of market cap (after Monero [XMR]), was first introduced to the world in 2016 by the Zcash…

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