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North Korea is stepping up mining of the privacy coin monero as the regime continues its efforts to circumvent sanctions.U.S. cybersecurity firm Recorded Future said in a report Sunday that network traffic for monero (XMR) mining, that had originated from North Korean IP ranges, had increased by "at least tenfold"
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A group specializing in hijacking victims' computer power to mine for monero has returned with new tools to attack businesses based in the U.S. and Europe. Japanese cybersecurity firm Trend Micro reported Monday the group, known as Outlaw, had begun infiltrating Linux-based enterprise systems in order to hijack computer power
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The European Union Agency for Law Enforcement Cooperation, also known as Europol, has confirmed that Monero transactions remain anonymous as the agency is following the development of privacy coins.Jerek Jakubcek, a strategic analyst of Europol’s European Cyber Crime Centre (EC3), shared the details during a Blockchain Alliance webinar that crypto
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Privacy-focused cryptocurrency Zcoin (XZC) has launched a new crowdfunding system similar to one by another major privacy coin, Monero (XMR).In a Dec. 26 blog post, Zcoin announced the launch of the Zcoin Crowdfunding System (ZCS), a new platform that is designed to serve as shift from direct funding from
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Researchers have published a new report on what they deem to be a “relentless” crypto mining botnet that lurks behind seemingly innocuous content such as JPEG images of Taylor Swift.The botnet — best known as MyKings (alternatively as DarkCloud or Smominru) — has been active since 2016, according to
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Privacy-focused altcoin Monero (XMR) will see arguably its best-known advocate step down as the project’s lead maintainer in an upcoming reshuffle. In a blog post on Dec. 16, representatives confirmed that Riccardo Spagni, known as fluffypony in cryptocurrency circles, will in the future serve as a backup maintainer. His replacement
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The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule, in a Dec. 5 blog post.What is the Funds Travel Rule?The Funds Travel Rule requires financial institutions who are sending and/or
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The Monero (XMR) network has been successfully upgraded to RandomX, a new mining algorithm that aims to be ASIC-resistant.On Nov. 30, the Monero community workgroup did a live stream on YouTube in which the upgrade took place at around the 58 minute mark. The new upgrade also introduced proof-of-work
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A recent report published by ESET, a cybersecurity company, has revealed the modus operandi of the Stantinko botnet, which has been distributing a Monero (XMR) cryptocurrency mining module through YouTube without the users’ knowledge or consent (cryptojacking).According to the report, the hackers have been installing malware content on YouTube channels
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In an announcement released on Monday, the crypto exchange BitBay has affirmed that it will stop its support for the cryptocurrency Monero (XMR). The trading platform will stop its support on 19th February, 2020.Monero is a privacy-oriented digital coin. To keep up with the market standard, BitBay has decided to
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