In the cryptocurrency game, Monero is undoubtedly a big player. Whether it’s being traded, invested in, or even mined, there are plenty of reasons to get involved with this crypto. However, Monero is now being used for more illicit purposes, i.e. by cybercriminals. So, why is Monero becoming so popular among malicious actors? What Is Monero (XMR)? Image Credit: BeatingBetting.co.uk/Flickr Before we get into Monero’s use by cybercriminals, let’s run through a quick… Source link

Monero bulls are now facing strong resistance at the 0.382 Fibonacci level after delivering a riveting performance since mid-June. Its performance in the last seven days underscores a battle for dominance between Monero bulls and bears. Monero managed to rally by as much as 76% from the bottom of its latest bear run in June. Its upside encountered a strong sell wall near the $170 price level. This is a critical price zone for the cryptocurrency because it is right on the 0.382… Source link

Ethereum was once again trading below $1,900 during Thursday’s session, as the Ethereum Foundation clarified speculation surrounding The Merge. It was recently rumored that the move will reduce gas fees, however these claims were somewhat dismissed. Bitcoin was also lower, as it continued to trade below $24,000. Bitcoin Bitcoin (BTC) fell lower for a fifth straight session, as the token moved closer to a price floor at the $23,030 level. Thursday saw bitcoin slip to an intraday low… Source link

Monero price has done relatively well in the past few days as investors cheer the recent network upgrade in a bid to make it faster and more secure. The XMR token rose to a high of $174, which was the highest it has been since June 10. It has risen by more than 70% from its lowest level this year, giving it a market cap of over $3 billion. XMR demand rising Monero is a leading cryptocurrency that focuses on the privacy of transactions. Its technology uses advanced encryption to ensure that all… Source link

“The liquidity contraction is still underway. The Fed’s remarks in the minutes of its July meeting indicated that the liquidity contraction may end in 2023, but the timing of the re-addition of liquidity is unknown,” Griffin Ardern, a volatility trader from crypto asset management firm Blofin, said. Source link

Numerous projects have been launched into the market since new cryptocurrencies and NFTs gained popularity. Within weeks after their debut, most of these ventures either lose their relevance or are abandoned. Upon closer examination, it becomes apparent that those initiatives lack actual usefulness. We have been keeping a close eye on Carlossy Caterpillar (CAR), a potential concept for a meme currency that is guaranteed to stand out from the sea of cryptocurrencies that have saturated the… Source link

Source: AdobeStock / butenkow   In line with regulations, Canadian crypto exchanges are introducing measures to cap the annual buy limit for selected cryptoassets at CAD 30,000 (USD 23,250) per year – and these exclude (only) four large coins.  While the cap will not impact Canadian crypto investors’ capacity to invest in some of the leading coins, it is likely to cut their purchases of a wide range of altcoins. Canadian crypto… Source link

Text size Crypto mining companies have seen their stocks soar in the past month. Pictured here is Fred Thiel, Marathon Digital’s chief executive officer. Jordan Vonderhaar/Bloomberg … Source link

Ethereum extended losses below the $1,850 support against the US Dollar. ETH could decline further if there is a clear move below the $1,800 level. Ethereum started a fresh decline from the $1,950 resistance zone. The price is now trading below $1,900 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if there is a clear move below the… Source link

This is an opinion editorial by Nozomi Hayase Ph.D., who has a background in psychology and human development. From resistance against war to a social justice movement, activists have been engaged in uncountable hard fights. Their vigorous efforts, rather than bringing positive outcomes, seem to keep them in perpetual struggle. Now, a breakthrough in computer science has created a game changer. Bitcoin, through the empowerment of individuals, has begun to disrupt the world. In this article, I… Source link