XMR

Monero (XMR) faces the risk of a majority attack shortly. Despite being a reputable alternative to altcoins for incognito transactions, the privacy coin could soon compromise its integrity. In light of recent efforts to kick out ASIC miners, new metrics continue to expose the susceptibility of Monero’s blockchain to a 51% takeover. A majority attack means a user (or a group of users) has pooled resources to usurp a blockchain by possessing more than 50% of its computing power.  Miners…

A “significant” bug has been spotted in the privacy-centric cryptocurrency monero (XMR). Monero developers have discovered a bug in the coin’s privacy algorithms that could potentially expose users’ actual transactions. XMR is open-source and privacy-oriented with worthless coins, dubbed “mixins” with the actual coins during a transaction. Unfortunately, the privacy advantage is now at risk. According to a Twitter post, the bug occurs when a user spends their funds received in a transaction before roughly 20 minutes elapse. Mitigating the…

Monero (XMR) is the most popular privacy-focused cryptocurrency market, offering users complete anonymity in transactions. Along with growing interested and demand for this privacy-centric coin, the number of wallets that can store XMR has also increased.  In the guide below, you will get a review of the best wallets that can help you store and manage your Monero holdings.  Ledger Nano X (Hardware Wallet) Ledger Nano X is perhaps one of your best bets for storing your Monero in a…

Hackers continue to inject malware through various means into computer systems of unwary individuals and organizations to mine cryptocurrencies. It seems a cryptocurrency mining malware has infected thousands of enterprise systems, based on the discovery of malware analysts from cloud security company Red Canary. The cryptocurrency mining malware is said to be operated by a group tracked under the codename of Blue Mockingbird. The activities of the Blue Mockingbird group seem to have started since December last year, based on Red Canary's…

Privacy coins are gaining traction as they fly the flag of financial privacy. Over the decade, digital currencies have seen their fair share of unjust scrutiny regarding their privacy policies. At one point or another, we've all heard of the "evil" that is its anonymity hallmark and how its primary users are criminals hiding behind it. However, no digital currency is disparaged for this particular feature as much as privacy coins are. Yes, blockchain-based cryptocurrencies allow users to use pseudonyms,…

According to Coinbase’s CEO, Brian Armstrong, in an article, some of the nascent cryptocurrency assets are ready to challenge the traditional financial system with a feature that has been falsely attributed to Bitcoin. The article for Project Syndicate discussed the potency and concerns regarding privacy coins, featuring protocols meant to make transactions untraceable. When it comes to Bitcoin blockchain, it leaves a digital trail of transactions, as against what people think. Armstrong said that although privacy coins such as Zcash and Monero…

A remarkable software flaw in the Decentralized exchange (DEX) Bisq allowed a hacker to steal cryptocurrency worth over $250k from users. The exchange promptly stopped trading yesterday night upon discovering the critical security risk. Bisq hasn't mentioned the specific flaw and is yet to ascertain the safety of users’ funds. The exchange phrases the action taking with regards to the theft as unprecedented. The exchange states that the hacker made away with 3 Bitcoins and 4,000 Monero (XMR) from 7…

XRM has outpaced bitcoin's gains over the last week and is still rocketing higher The 12th ranked crypto on CoinMarketCap is up by over 6% over the last 24-hour trading period and is currently trading at $53.94  Experts across the crypto world share their opinion on why XRM is set to surge even higher in the coming weeks Amidst the ongoing world economic crisis, one thing crypto investors look for is digital assets that can stand the test of time.…

Monero is a cryptocurrency that emphasizes privacy and fungibility concerning all transactions on its blockchain network. It was created in April 2014 to make transactions private. Bitcoin, Ethereum, and other cryptocurrencies developed into the crypto space were easily traceable, and Monero was created to ensure complete financial privacy. Monero, in a nutshell Monero is a secured privacy coin. Its transactions are untraceable with the use of Ring signature's privacy features. It's highly secured by a solid decentralized cryptographic network making…