Monero

The US IRS offers $500,000 for anyone who breaks Monero’s privacy robustness. CipherTrace has developed a tool that can trace Monero transactions. Monero is on the verge of a breakdown to $75, especially if the wedge pattern support is broken. It is obvious why governments around the world do not have a liking for privacy-oriented cryptocurrencies. Governments and their institutions do not like to be in the dark. However, anonymous coins such as Monero (XMR) and… Source link

HONG KONG, HONG KONG – SEPTEMBER 13: As A photo illustration of the digital Cryptocurrency, Litecoin … [+] (LTC), Monero (XMR), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Dash are seen on September 13 2018 in Hong Kong, Hong Kong. (Photo Illustration by Yu Chun Christopher Wong/S3studio/Getty Images) Getty Images When the Internal Revenue Service (IRS) signaled that it was getting serious about cryptocurrency, the agency wasn’t kidding. The IRS is… Source link

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   DeFi goes boom as top tokens crash by 50% — But enjoy a sudden rebound It was an industry that looked like it was overheating for some time, and finally, at least for a short while, it appeared that the DeFi bubble had well and truly burst. Half a dozen major DeFi tokens shed half their fiat value, and the sell-offs erased the… Source link

LOS ANGELES, Sept. 4, 2020 /PRNewswire/ — Contradicting claims were exchanged this week between cryptocurrency analytics firm CipherTrace and the Monero community after a press release from the firm claimed the ability to trace the movement of the Monero cryptocurrency. The CipherTrace press release spawned counters from the Monero community, including videos, public statements, and memes. Many cryptocurrencies, including Bitcoin and Ethereum, use a transparent blockchain, where sending… Source link

Monero (XMR) was built on a platform boasting of complete, unequivocal privacy. Transactions could be seen, but it was impossible for addresses to be traced to their destinations and originators. That was going to be the cryptocurrency’s claim to fame, but it appears that the XMR blockchain, and its transactions, are nowhere near as private and anonymous as its founders expected. CipherTrace, the leading crypto intelligence firm, has apparently figured out how to identify transactions and… Source link

Monero (XMR) moved towards the upper boundary of the current range. The downside correction may preceded another bullish wave. Monero (XMR) is the 16th largest digital asset with the current market capitalization of $1.7 billion. The average daily trading volume reached $128 million, which is the highest level since August 21. The coin has gained nearly 2% on a day-to-day basis to trade at $96.5 by press time.  XMR/USD: The technical picture  Monero (XMR) has… Source link

The blockchain surveillance firm Ciphertrace claims to have created the “world’s first” monero tracing tools for law enforcement. According to the company announcement, Ciphertrace developed forensic tools for the U.S. Department of Homeland Security (DHS) in order to track illicit monero transactions. Despite the firm’s claims, there is zero evidence provided that prove the company actually has such tools. Since the open-source cryptocurrency was first invoked in 2014, the Monero ( Source link

Monero (XMR) was one of the first privacy coins in the world. This unique cryptocurrency pioneered multiple technologies to accomplish this critical task. Today, privacy is more important than ever. Consequently, Monero is also one of the most popular cryptocurrencies on the planet. What is Monero? Monero is the cryptomarket’s answer to Bitcoin‘s lack of privacy. For a long time, people believed that Bitcoin transactions were anonymous. Nowadays, most people understand that this is not the… Source link

Sign up for our daily cybersecurity news briefing today, free. SmartBrief on Cybersecurity recently covered an intriguing story: A hacking group has announced it is switching to Monero, a form of cryptocurrency that can be impossible to trace. No longer content merely to steal from ordinary people at random, the group wants to reduce its risk by hiding completely from law enforcement. As of December 2019, Monero was sometimes impossible to trace. Europol couldn’t always trace it, the UK… Source link

Monero (XMR) is a unique coin in the cryptocurrency world, offering a private digital currency that is secure and untraceable. Monero is accessible to everyone and open source, allowing everyone to become their own bank. With Monero, each user is the only one who controls and is responsible for his or her own funds. Prying eyes cannot see your transactions or accounts. Monero is a secure, private, and untraceable cryptocurrency. It is open-source and accessible to all. With Monero, you are… Source link