Monero

Former lead maintainer of Monero Riccardo Spagni, aka Fluffypony, has been arrested in the U.S. and is now waiting for his extradition to South Africa where he will stand trial for fraud. Spagni described the case as “an old matter, which I have continuously been trying to resolve since 2011.” Fluffypony Arrested, Waiting for Extradition to South Africa The U.S. government filed a Memorandum of Extradition Law and Request for Detention Pending… Source link

Key Takeaways Details around Riccardo “Fluffpony” Spagni’s arrest have emerged. The Monero development team has locked certain accounts in case authorities demand information from Spagni. Meanwhile, Spagni and his lawyers have commented on the case, arguing that he can safely be released. Share this article New details around the arrest of Riccardo “fluffypony” Spagni emerged today. One Monero has developer has weighed in, while statements from Spagni and his lawyers have been… Source link

Bitcoin and Ethereum’s minor southward movements have caused altcoins to struggle as they continued to defend their immediate support levels in order to avoid retracing further. Litecoin still held onto the crucial support level while Monero was pictured above its resistance level. DASH also headed downwards to breach its $149 support level.  Litecoin (LTC) LTC/USD, TradingView LTC has been holding well on its $137 support level, over the past couple of days. At press time too, the coin… Source link

Riccardo Spagni, the former developer of the privacy-oriented cryptocurrency Monero, was arrested last month over accusations of fraud. While Monero has attracted controversy for being the ‘vehicle of choice’ for cybercriminals, Spagni — or ‘fluffypony’ — is behind bars on non-crypto related charges. He has been accused of defrauding his former employer, Cape Cookies, of approximately $100,000 by generating false invoices. Similarly, John McAfee faced tax evasion charges, Ross… Source link

XMR, Monero’s is quickly becoming a favorite tool for those interested in the anonymity offered by this blockchain network. After a price action that can generously be called a bull run, XMR is on a path to retracement. Something unique about monero is the wick on both sides of the candle indicating an ambiguity in its price action.  XMR Cryptocurrency Price Analysis After hitting a new monthly high of $261 on 30th July 2021, XMR still couldn’t initiate a bullish sentiment since it… Source link

Developers of Monero disclosed a significant bug in the privacy algorithm. XMR/USD is trading bearish on Tuesday amid the strength of the U.S. dollar.  Forex trading participants may look for a sell trade below the $236 level to the target of $225 and $216. The XMR/USD closed at $233.383 after placing a high of $243.379 and a low of $228.300. It dropped for 3rd consecutive session on Tuesday and reached below the $230 level. Therefore, Monero price forecast… Source link

Monero’s (XMR) Momentum Shift Monero developers have discovered a bug that circumvents their privacy algorithm. Funds spent within 20 minutes of receiving tokens could bypass the privacy function. Monero built its reputation as a private cryptocurrency that preserves user anonymity. Privacy coins are challenging the power of monetary circulation in lieu of the requisites of centralized institutions. Cryptocurrencies such as Monero and Zcash have been banned in certain sovereign states… Source link

During the early days of Bitcoin (CRYPTO:BTC), an estimated 25% of wallet users utilized the digital currency for illicit activities such as buying narcotics or illegal firearms, or as payment for human trafficking. It was impossible to catch the criminal syndicates behind the transactions back then. After all, cryptocurrency exchanges were once not legally required to verify customers’ identities — leading to widespread money laundering from… Source link

A software engineer has identified a flaw in the Decoy XMR algorithm with some privacy concerns. According to recent Monday tweets, developers of the Monero (XMR) privacy coin identified a flaw that affects transaction privacy. The official Monero Twitter account cautioned users that the Decoy mechanism is “a very substantial flaw.” The software engineer Justin Berman initially spotted the problem when he observed that if a user uses their XMR tokens within 20 minutes (2 blocks)… Source link

Software developer Justin Berman is investigating a privacy issue with the cryptocurrency Monero (XMR), exposing a bug. The Monero development team confirms that the bug, which could compromise privacy by revealing the target destination of transferred funds, lies in the cryptocurrency’s “decoy selection algorithm.” “A rather significant bug has been spotted in Monero’s decoy selection algorithm that may impact your transaction’s privacy.”   According to the… Source link