Monero

The Financial Service Commission (FSC) in South Korea will ban privacy-centric digital assets or “dark coins” from crypto exchanges. Also, Virtual asset providers will no longer be allowed to handle transactions involving privacy coins. In an official announcement on the 3rd of November, the Financial Services Commission stated its privacy coins position. According to the announcement, there have been updates to the current regulations for exchanges with privacy coins. The regulation in concern is the Special Payment Act that offers…

The alleged founder of the infamous hacker group ''Anonymous'' has claimed to use Monero for transactions. This was revealed in a series of AMA questions and answers by a Reddit user named Aubrey Cottle.  Cottle claimed to be the originator of the Internet Hate Machine and the founder of the Anonymous group. He opened an AMA session that drew Redditors' attention and revealed that he’s coming out of retirement to deal with the current QAnon menace happening worldwide.  [caption id="attachment_19786"…

Hackers briefly gained access to US President Donald Trump’s campaign website and posted a cryptocurrency scam campaign. As per reports from Forbes, the attack took place shortly before 4 PM Pacific time. The hackers most likely seized access to the backend of the website to gain control of the website. After gaining control, they posted a message on the about page beneath an FBI parody image claiming. ‘’this site has been seized’’. The world has had enough of the fake…

Monero developers have launched a new hard fork update on the blockchain network that would improve transaction size. Work had begun on the hard fork update earlier in September before its deployment on October 17. New features added to Monero blockchain Monero blockchain will benefit immensely with the new, improved features added to the hard fork. It features a new version of its node software named ‘’Oxygen Orion. The major highlight of the update is the compact linkable spontaneous anonymous…

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…

A project seeking to develop Monero Atomic swaps has raised $293,000 in 48 hours. Monero Space, a project focused on developing the Monero ecosystem, had tweeted a link to the fundraising page on October 12, which sought to raise around 2727 $XMR through crowdfunding. The Monero Atomic Swap has gained increasing traction within the Monero community, with key influencers promoting the fundraiser. So far, the community has reacted positively to the project, with about 2295 XMR ($293,000) raised in 48hours.…

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…