2336 cryptocurrencies
Total Market Cap $5,298,054,567,364,845
Total Volume 24h $396,937,970

Monero Monero star

$43.02
0.52 (1.22%)

Monero (XMR) is a cryptonight algorithm based alternative crypto currency. The coin is based on Proof of Work and has a block reward that varies smoothly. The difficulty retargets every block with a sixty second block target. 

Monero uses a Ring Signature system to protect your privacy, allowing users to make untraceable transactions.

news

Bitcoin Breaks $8,000 as Selected Alts See Slight Recovery

Jul 24th, 2018

July 24: Bitcoin (BTC) broke through the $8,000 price point this morning, as the top cryptocurrency continues to outperform most other crypto assets, according to data from Coin360. In the days following the strong upswing that kicked off across the crypto market on July 16 and accelerated further on July 17, Bitcoin has sustained positive momentum while other alts slid into negative territory. Market visualization from Coin360 Bitcoin (BTC) is trading around $8,009 to press time, up 3.9 percent on the day. The leading asset gained over $200 dollars within the space of an hour and a half this morning to hit $7991, and then broke the $8,000 resistance level, peaking at a 24-hour high of $8,031. Bitcoin's weekly and monthly gains are now at around 3.8 and 34 percent respectively, according to data from CoinMarketCap. Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index Yesterday, BTC dominance by market capitalization in the crypto market reached its highest level yet in 2018, passing 46 percent, a threshold last seen December 20, 2017, when the coin was trading close to its industry highs of $20,000. Today, dominance has inched up yet further to 46.8 percent by press time. Percentage of total market cap (dominance) from CoinMarketCap Ethereum (ETH) is trading around $468 at press time, up 1.2 percent on the day. Having peaked at $510 on July 18, the asset's subsequent decline saw it dip to $444 by July 20. Today, the altcoin has seen modest growth, reaching a 24-hour high of $472. Ethereum has lost just under 1 percent on the week, but is now up 4.77 percent on the month. Ethereum's 24-hour price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, the top 10 coins by market cap are seeing mixed red and green, with some alts seeing solid growth of above 4 percent. Litecoin (LTC) is up over 3.5 percent on the day, trading at around $87, according to CoinMarketCap. Bitcoin Cash (BCH) is also up over 4.5 percent and is trading at $851 to press time. Meanwhile, EOS, IOTA (MIOTA), and Cardano (ADA) are all down, seeing losses of within a 1-2 percent range on the day by press time. Of the top 20 ranked coins on CoinMarketCap, anonymity-oriented altcoin Monero (XMR) is the strongest performer. Monero is up almost 4 percent and is trading around $140 at press time. Breaking $148 July 18, the coin saw a subsequent decline to $127 on July 21, and traded sideways until yesterday's uptick, which continues today. Monero 7-day chart. Source: CoinMarketCap Total market capitalization of all cryptocurrencies is around $294 billion at press time, inching closer to its intra-weekly high of around $300 billion. Weekly high in the total market capitalization of all cryptocurrencies from CoinMarketCap While the market is seeing a more mixed picture today, Bitcoin's recent divergence from other crypto assets has prompted CNBC trading advisor Ran NeuNer to venture that we may be on the cusp of a bull market. The analyst attributes the top coin's strong performance to news earlier this month that the $6.3 trillion asset manager and ETF-giant BlackRock is beginning to assess potential involvement in Bitcoin. As per NeuNer's scenario: "-BTC goes up in anticipation of ETF at the expense of Alts. - Investors start to pay more attention to BTC as it is getting returns. - New money flows in again including institutional funds. - BTC runs , investors exit and invest in Alts. - Bull market again..." While many hold the view that crypto-based ETFs would be a "holy grail" for the crypto industry, news that BlackRock may also be eyeing an entry into Bitcoin futures trading could prove more divisive, given suggestions from figures including Fundstrat's Tom Lee that Bitcoin's "gut wrenching" price weakness this spring was tied to futures contract expirations. In May, the Federal Reserve Bank of San Francisco had similarly alleged that Bitcoin's price decline was the result of the introduction of futures trading on CBOE, and then CME, in Dec. 2017. This week, CME revealed that the average daily volume of Bitcoin futures on its platform increased by 93 percent in Q2 over Q1 in 2018, also indicating that the number of open contracts had exceeded 2,400 -- a 58 percent increase over Q1.


Coinbase Custody Considers Addition of 37 New Assets Including XRP, EOS and XMR

Aug 3rd, 2018

San Francisco-based exchange and wallet service Coinbase announced today, Aug. 3 that it is exploring the addition of 40 new assets to its custodial service, Coinbase Custody. The blog post stresses that the crypto assets may be added "for storage only," and that Coinbase will add them "as quickly and safely as possible." Coinbase states that they are not currently considering the assets for trading. According to the post: "We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets." Among the new assets being considered for storage are Ripple (XRP), EOS, Monero (XMR), VeChain (VEN), Cardano (ADA), Bitcoin Gold (BTG), and Telegram. Coinbase noted that the addition of an asset to Coinbase Custody is not indicative of whether it will be added to other Coinbase products. It also states that assets under consideration for trading must pass the GDAX Digital Asset Framework. The exchange states that customers may see public-facing APIs and other indicators that Coinbase is in the process of adding support for new digital assets. Coinbase "...cannot commit to when or whether these assets will become available on Coinbase Custody, we will provide updates to our customers about the process and what they can expect..." Coinbase Custody launched on July 2 of this year, aiming to address the "number one" concern of institutional investors, namely, security. The new service purportedly utilizes a range of security measures including "on-chain segregation of crypto assets," "offline, multi-sig and geographically distributed transaction protection" and "robust cold storage auditing and reporting." The company also plans to add "secure, segregated hot wallets." The recently launched custodial service is also secured through an SEC-compliant and FINRA-member independent broker-dealer, Electronic Transaction Clearing(ETC).


Bitcoin Dips Below $7,500 аs Crypto Markets See Second Day of Losses

Aug 1st, 2018

August 1: Crypto assets have seen a second day of losses, with Bitcoin (BTC) now well below the $8,000 psychological price point and most of the major crypto assets in the red, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,490 to press time, having lost almost 3 percent on the day. Since the coin's July 25 peak at $8,431, the leading cryptocurrency dipped down below $8,000 yesterday for the third time this week. The coin saw another sharp drop this morning, before trading sideways. Bitcoin's 7-day price chart. Source: Cointelegraph Bitcoin Price Index Bitcoin's weekly price performance is now down by around 9.3 percent, but monthly growth remains a solid 17.74 percent. Ethereum (ETH) has seen heftier losses on the day, down a solid 5 percent to trade around $411 at press time. The leading altcoin lost around $19 in value during early trading hours, traded sideways around $425, and then dropped to see an intra-day low of $410 an hour before press time. Ethereum's weekly price performance is around 13.61 percent in the negative, having seen a more gradual but sustained downward trend than Bitcoin over the same time frame. Ethereum's monthly losses are almost 11 percent. Ethereum's 7-day price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, most of the top 10 coins by market cap are down between 1 and 5 percent on the day. Ripple (XRP) is the only outlier, up 1.6 percent and seeing a spike in price earlier today, despite trading downwards most of the week. The coin is currently trading at $0.44 to press time. The asset's relatively strong performance has perhaps been buoyed by yesterday's news that the 42nd President of the United States Bill Clinton will be the keynote speaker to kick off Ripple's global payments tech conference, Swell, this fall. Ripple's 7-day price chart. Source: CoinMarketCap After Ethereum, Litecoin (LTC) and EOS (EOS) have seen the most losses of the top ten coins, both down 3.45 percent on the day to press time. Among the top twenty coins by market cap, Dash and Monero (XMR) are trading the most stably, both currently up less than 1 percent. Total market capitalization of all cryptocurrencies has inched yet further downwards on the day, at $268.4 bln to press time -- $8 bln lost over the 24-hour period. 1-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap While the markets have seen their second, faltering day of continued losses, recent news indicates that the distance between the crypto industry and major institutional players continues to narrow. Yesterday, Northern Trust Corp., a global asset management firm with $954 billion in total assets under management, revealed its plans to start a custody service for digital assets. Meanwhile, news of Morgan Stanley's recruitment of a self-described crypto trading expert and 12-year veteran of Credit Suisse as its new head of digital asset markets suggests that the trend of figures leaving the traditional financial sector for crypto continues. A major new report from the U.S. Treasury Department published yesterday revealed a strong concern that the U.S. keep pace with innovation and tailor its regulations to accommodate disruptive financial technologies, including cryptocurrencies and blockchain. Skeptics remain, however, with Nobel Prize winning economist Paul Krugman suggesting in a New York Times Opinion piece yesterday that "total collapse" for "un-tethered" crypto-assets "is a real possibility."


Bitcoin Builds on Recent Gains, Pushing $7,750 While Major Altcoins See Losses

Jul 23rd, 2018

July 23: Following a major upswing that kicked off on July 16, Bitcoin (BTC)'s price performance has diverged from other top cryptocurrencies. As Coin360 data shows, the top coin continues to build on its recent gains, while most major alts are struggling to maintain positive momentum. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,740, up 3.17 percent over the 24 hour period at press time. The leading cryptocurrency has been gradually inching towards an ever higher price point all week, consolidating growth following sharp spikes on both July 16 and July 17. Today, BTC dominance by market capitalization in the total crypto market posted its highest level yet in 2018, passing 46 percent, a threshold last seen December 22, 2017, when the coin was trading just below all-time highs of around $20,000. Percentage of total market cap (dominance) from CoinMarketCap Bitcoin's weekly and monthly gains are in positive territory, at about 15.8 and 24 percent respectively. Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has failed to hold its recent gains, with the top altcoin trading around $452 at press time, down 2.55 percent over the 24 hour period. After an intra-weekly high of $510 on July 18, the asset's subsequent downturn saw it trading as low as $444 by July 20, before reclaiming some ground to its current levels. Ethereum has now lost 5.66 percent on the week, 6.42 percent on the month. High point in Ethereum's 7-day price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, all of the top 10 coins by market cap, except for Bitcoin, are seeing losses of between 1 and 5 percent over the 24 hour period at press time. IOTA (MIOTA) has lost 3.7 percent on the day, trading at roughly $0.95 at press time, according to CoinMarketCap. Cardano (ADA) has lost just shy of 3.68 percent and is trading around $0.16 over the past 24 hours to press time. Of the top 20 ranked coins on CoinMarketCap, anonymity-oriented altcoin Monero (XMR) is the strongest performer, up 4.24 percent and trading around $135 at press time. Peaking at $148 July 18, the coin saw a subsequent decline to $127 July 21, and traded sideways until today's strong upswing. Monero 7-day chart. Source: CoinMarketCap Total market capitalization of all cryptocurrencies is around $284 billion at press time, down from its intra-weekly high of around $299 billion. Weekly high in the total market capitalization of all cryptocurrencies from CoinMarketCap Earlier today, the Cointelegraph reported on significant remarks from former vice president of North American investment banking at JPMorgan Chase, who suggested that blockchain "may be the key to avoiding the next global financial crisis." China, which upholds its hardline stance towards decentralized crypto assets, has seen a wave of positive blockchain-related news. Today, Nanjing, the capital of China's Jiangsu province, launched a $1.48 billion blockchain investment fund to foster the development of the token economy and public blockchain projects, as well as the country's three major telecoms operators launching a blockchain research group A positive view of blockchain with more circumspection towards cryptocurrencies was shared by the G20's Finance Ministers & Central Bank Governors (FATF) group at a meeting this weekend. FATF postponed making hasty regulatory recommendations for crypto assets until October, after earlier suggestions that it would move to advocate "very specific" measures for the emerging sphere.


China: 20 Arrested in Cryptojacking Case Allegedly Affecting Over 1 Million Computers

Jul 9th, 2018

20 suspects have been arrested in China in a major cryptojacking case allegedly affecting over one million computers and generating 15 million yuan (about $2.2 million) in illicit profits, local news source Legal Daily reports today, July 9. Cryptojacking is the practice of using a computer's processing power to mine for cryptocurrencies without the owner's consent or knowledge. According to local sources, investigation of the case began in January 2018, after the security team at Tencent -- the tech giant that developed WeChat -- alerted the Weifang City Public Security Bureau about a mining script hidden in freely-downloadable plugins. The so-called "trojan horse" style mining script was reportedly programmed to run whenever it detected that the CPU utilization of the computer was at less than 50 percent. After the script's developers were traced to the city of Qingzhou, the Qingzhou Public Security Bureau established a dedicated task force to handle the investigation, local media reports. Based on information revealed in the trial of one allegedly involved individual -- arrested in March -- the task force subsequently uncovered the implication of a company called Dalian Shengping Network Technology, leading to 16 more arrests. The company is alleged to have advertised free downloads to 2.89 million computers, selecting over 1 million of them for cryptojacking. On April 18, two men operating for yet another company were then charged with bundling the malware together with network management software used by internet cafes in Heilongjiang Province. A further individual was arrested in connection with the task force's seizure of the mining program the following day. Eleven of the suspects have now been released on bail. Over the two years that the cryptojacking scheme ran, 15 million yuan ($2.2 million) in crypto was allegedly mined. Just last month, a new report published by cyber security firm McAfee Labs revealed that certain forms of cryptojacking rose a staggering 629 percent in the first quarter of 2018, compared the previous quarter. Also in June, a cybersecurity team discovered that 40,000 devices across various industries had been infected by a Monero (XMR) miner as part of a hybrid malicious traffic manipulation and crypto mining campaign.


League of Legends Philippines Removes 'Cryptojacking' Code From Its Client

Jul 12th, 2018

Philippines' League of Legends has removed crypto-mining malware from its gaming client after an attack that lasted two days. Security engineers of the Philippine community of major multiplayer video game League of Legends (LoL) have removed Coinhive crypto mining code from its Garena client June 11, according to an official statement from the group's Facebook. On July 9, Monero (XMR) mining malware Coinhive was first detected on the LoL client by a player who posted about the issue on the League of Legends subreddit. According to the group's Facebook statement, the recent case of Coinhive cryptojacking was caused by "unauthorized modification of the League of Legends PH client lobby where a certain javascript code was inserted." Garena noted that apart "increased CPU usage," the security experts found "no other impact on affected computers." Founded in 2009 in Singapore, Garena is a platform provider based in Asia. Garena offers gaming platforms for multiplayer online battle arena games League of Legends and Heroes of Newerth, as well as the online soccer game FIFA Online 3, and shooter games Point Blank and Alliance of Valiant Arms. Cryptojacking malware activity has reportedly surged by 629 percent in the first quarter of 2018, with Monero mining Coinhive going epidemic on the Internet. However, the volumes of Monero generated from malicious cryptojacking amount to just around 5 percent. On June 12, Japanese police started investigating a case of cryptojacking involving Monero-mining software Coinhive, which became the first criminal case involving cryptocurrency mining in Japan. Subsequently, on June 16, Japanese prosecutors from 10 prefectures arrested 16 individuals suspected of involvement in an ongoing criminal case of cryptojacking, with the Sendai District Court eventually sentencing a 24-year old of the city of Amagasaki in Hyogo prefecture to one year in prison.


South Korean Crypto Exchange Bithumb Re-opens Deposits & Withdrawals

Aug 4th, 2018

South Korean cryptocurrency exchange Bithumb will resume deposit and withdrawal services on Saturday at 11 am KST. The exchange had suspended all deposits and withdrawal services on its platform following the June hack on a hot wallet, which led to the loss of tokens valued at over $30 million. The exchange made the announcement earlier today via a tweet on its official Twitter handle. However, only 10 cryptocurrencies have been approved for the first round of service resumptions, namely Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Ethereum Classic (ETC), Qtum (QTUM), Litecoin (LTC), Bitcoin Cash (BCH), Monero (XMR), Zcash (ZEC), and Mithrill (MITH). Deposit and withdrawal services on 25 other cryptocurrencies remain suspended. An excerpt from a post on Bithumb's website about the continued suspension reads: "Some cryptocurrencies with a significant price difference of about 10% between Bithumb market and standard market will be opted out in this round in view of protecting our customer's asset. Since when the services return to normal, rapid change in market prices are expected. Therefore, resuming normal services for such cryptocurrencies will be put on hold for the time being." It was also announced that all deposit addresses had been changed and customers are to request for new ones. All uncredited deposits made while services were on hold will also be returned. The exchange operator, which was among South Korea's largest exchanges by volume before the hack, is one of 12 exchange firms to pass a series of inspections carried out by the Korean Blockchain Association back in July. Other crypto exchanges that passed the tests include Korbit, Huobi Korea, OKEx and Upbit. Bithumb's market absence had a negative effect on the Korean crypto market, with many investors taking a negative cue from the hack and the subsequent KBA security audits. After passing the assessment and announcing its gradual return to regular operations, many hope that this will have a positive knock-on effect on crypto trading in South Korea. In spite of this, the exchange firm is unable to renew and establish contracts with banks and as such, it has had to suspend the issuance of new bank-linked virtual accounts. CCN earlier reported that, in January, regulators banned cryptocurrency trading through anonymous virtual bank accounts. To facilitate the linking of traders exchange wallets to their bank accounts, exchange firms are to establish contracts with local bank and renews such contracts every six months. It was reported on Aug. 1 that Nonghyup Bank refused to renew a contract with Bithumb due to concerns of security following the June security breach.


Ripple Might Finally Be Coming to Coinbase [But You Can't Buy It]

Aug 4th, 2018

Coinbase Custody has released a statement detailing its ongoing process of making a decision regarding new assets for storage, in what has become a pattern for Coinbase of recent. The statement, which appears on the official Coinbase blog specifies that the assets listed including Ripple (XRP), Monero (XMR) and EOS, are being considered for listing only, and have no bearing whatsoever on trading-related products and services. The statement, which was signed by Sam McIngvale, Coinbase Custody Product Lead reads in part: "Coinbase Custody is exploring the addition of many existing and forthcoming crypto assets for storage only, and will be working to add them as quickly and safely as possible. At this time, we have not yet considered these assets for trading. We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets." Motivated no doubt by a desire to steer clear of the controversy that has dogged Coinbase since the Bitcoin Cash listing saga of December 2017, the statement repeatedly makes reference to the standalone nature of Coinbase Custody. It reiterates to readers that the decision to add assets to Custody's storage services has no relationship with the asset's likelihood of being listed on other Coinbase platforms such as Coinbase Pro, Coinbase Prime or Coinbase Markets. All assets that will be approved for trading on Coinbase, the statement says, must pass the requirements stipulated in the Coinbase Digital Asset Framework. Going further, the statement informs users that even though they may observe public-facing APIs and other indications of behind-the-scenes preparation for asset support, this should in no way be taken as an indication that any asset will in actual fact be made available on Custody. The list of assets under consideration for listing by Coinbase Custody includes Nano (NANO), Bitcoin Gold (BTG), Dogecoin (DOGE), Ripple (XRP), DASH (DASH), NEO (NEO), Cardano (ADA), Stellar Lumens (XLM), EOS (EOS), Monero (XMR), Tezos (XTZ), STEEM (STEEM) and ICON (ICX) amongst others. Concluding, the statement directs users in search of more information to the official Coinbase Twitter handle before listing the tokens that are under consideration. CCN reported in July that Coinbase issued a similar announcement to inform users that it was in the process of considering five cryptocurrencies for listing on Coinbase trading services in the interests of transparency. Coinbase also released a Digital Assets Framework as it sought to repair the reputational damage caused by the fallout of the Bitcoin Cash insider trading allegations. CCN reported last week that following an in-house probe of insider trading allegations conducted with two nationally recognized American law firms, Coinbase determined that it had found no evidence of wrongdoing.


The Pirate Bay Is Using Visitors' Computers to Mine Monero Again

Jul 9th, 2018

The notorious torrent index site The Pirate Bay has resumed using users' CPU to mine Monero (XMR) on their website. On July 4th, The Pirate Bay added a disclaimer at the bottom of their website which stated: "By entering TPB you agree to XMR being mined using your CPU. If you don't agree please leave now or install an adBlocker" As CCN reported, The Pirate Bay conducted a one-day trial back in September to test out mining Monero using visitors CPU's. The website utilized a tool called Coinhive which allowed developers to include a simple script which would then use the website user's CPU to perform mining which utilizes a significant portion of resources. Since October, The Pirate Bay has started using crypto-mining alongside advertisements on their website. Although several users have claimed that they do not mind mining to support the website and viewed it as a healthy alternative to obstructive advertising, The Pirate Bay has been criticized for using resources without the consent of the user and has then suspended mining. Crypto-mining via the browser can cause a decrease in performance and can subsequently heat up the computer. It could also affect the longevity of the CPU. Although there have been websites which use tools like Coinhive as a legitimate alternative to advertising while limiting the amount of CPU resources they use, Crypto-mining malware has become a lucrative option for hackers. Government websites, Automobile manufacturer Tesla and sites like Politifact have all fallen victims to such attacks. Users are advised to install extensions such as NoCoin and uBlock Origin to protect themselves from such malicious scripts. In a report last month, Kaspersky Lab, a Russian cybersecurity firm, stated that there has been a significant shift from ransomware-related attacks to crypto-mining malware. The report stated that there has been a decline of 30% in ransomware whereas crypto-mining related malwares increased by about 44.5% in a single year. It is believed that the reason for such a massive shift was the fact that crypto-jacking was more discrete and profitable compared to ransomware leading to a massive increase in crypto-mining malware targeting both PC's and mobiles. In a similar research conducted by McAfee, an American cybersecurity company, it was revealed that crypto-mining related attacks increased by 600 percent in the first quarter of 2018 alone. Steve Grobman, CTO of McAfee, stated "With the rise in the value of cryptocurrencies, market forces are driving criminals to crypto jacking and the theft of cryptocurrency."


Ripple Sees Use-Case Debut As DCEX Becomes First XRP-Based Exchange - Bitcoinist.com

Jul 31st, 2018

Blockchain exchange tech company Alphapoint has announced registration is open for DCEX exchange, the first platform to use the Ripple XRP token as its base currency. In a press release July 30, the company announced DCEX, which caters to retail and institutional investors, would commence trading "in the coming weeks." A total of 15 pairs will be available, including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum classic (ETC), and Monero (XMR). In addition, users will also be able to access the ten cryptocurrencies currently listed on the Bloomberg Galaxy Crypto Index. Built using Alphapoint's technology, DCEX marks something of a turnaround in Ripple's fortunes after its use in the banking sector - its main market - came into doubt in recent months. In June, the company's chief cryptographer David Schwartz even said the technology it offers is "not a distributed ledger" as many assume, a perspective which Anatoly Castella, the CEO of Elpis Investments echoed earlier this month. "Ripple resembles a fintech platform combining the best elements of fiat money and blockchain cryptocurrency. It is 'Digital Fiat,' not a cryptocurrency," he alleged. Speaking about the lackluster sentiment among banks regarding blockchain migration, Schwartz meanwhile told Reuters: What we hear from many of our customers is that it's imperative to keep their transactions private, process thousands every second, and accommodate every type of currency and asset imaginable. XRP 00 has fallen around 7 percent this month, trading below $0.50 compared to its all-time highs in excess of $3.80. Highlighting chief use cases for the token on DCEX meanwhile, executives plan to promote cross-exchange arbitrage to "take advantage of price inefficiencies" as well as low execution times for high volumes. "...XRP blockchain transactions typically settle in under four seconds, allowing for faster multi-exchange strategies and providing a speed advantage over other money movement options," the release claimed. What do you think about DCEX using XRP? Let us know in the comments below!


The Pirate Bay turns transparent: Can cryptocurrency mining really replace ads? | ZDNet

Jul 10th, 2018

At least, that phrase may be at the heart of a new scheme implemented by The Pirate Bay to generate revenue -- the use of cryptocurrency mining scripts which use power from visitor machines to generate Monero (XMR). It was back in September that the torrent search website was widely criticized for implementing a cryptocurrency mining pilot scheme. Despite claiming that the miner only impacted a small number of website visitors, the mining operation -- made possible through a script from Coinhive -- contained a typographical error which sent visitor CPU usage rocketing and caused an absolute uproar. This led to concerns that the website had been compromised, and when the pilot was uncovered, the Pirate Bay defended its actions as a "small test" to ascertain the viability of mining for cryptocurrency as a replacement revenue generator for advertising. "We really want to get rid of all the ads," the operators said. "But we also need enough money to keep the site running." See also: How much does The Pirate Bay's cryptocurrency miner make? One of the main criticisms levied at the website was the lack of transparency. Visitors were unaware of the program and so were not only hit with standard advertising but also had their CPU power drained. The lack of an option to opt-in and permit their systems to help mine for cryptocurrency was unacceptable -- but it seems the profits from the pilot have borne fruit. Now, should you visit The Pirate Bay, you are met with a small notice at the bottom of the page which indicates that moving further into the domain implies consent to joining the cryptocurrency mining pool. "By entering TPB you agree to XMR being mined using your CPU. If you don't agree please leave now or install an adBlocker," the notice reads. The message, albeit small, is a move in the right direction. Cryptocurrency mining has the potential to become a valid alternative to website advertising. The balance between revenue generation and adverts can be difficult to maintain; ads should not be intrusive, they should blend and become seamless, but they also must be placed in spaces prominent enough to placate advertisers. See also: Brutal cryptocurrency mining malware crashes your PC when discovered If adverts disrupt the user experience too much, website visitors may be tempted to download an ad blocker. This may clean up web pages but, in turn, can eradicate profits made from third-party ad networks. This tightrope, together with estimates that three in ten Internet users will block adverts by the end of this year, has prompted discussions on other ways to generate profit from website visitors. Paywalls are one way, and subscriptions another, but attempting to apply these barriers wholescale is unlikely to prove successful. Cryptocurrency mining, however, is unobtrusive, does not disrupt the user experience -- as long as CPU power limitations are in place -- and has the potential to bring in significant revenue. TechRepublic: Cryptojacking: The evolution of ransomware If cryptocurrency mining is ever to become a significant alternative to ads, however, transparency and user choice must be included. Without these key ingredients, the use of cryptocurrency mining scripts on website domains is nothing more than cryptojacking. Cryptojacking is the theft of user power, through in-browser scripts or malicious software, to secretly mine for virtual currencies. Thousands of websites are estimated to be actively compromised with malicious cryptocurrency mining usage, while the February BrowseAloud incident -- in which thousands of government websites in the UK and beyond were compromised to cryptojack visitors -- has highlighted this emerging trend in the cyberattack space. If website owners chose to secretly implement these scripts and do not seek at least implied consent by informing users of mining operations, they are stealing and this makes them no different to the cyberattackers which plague our existence on a daily basis. While this practice has the potential to become a legitimate business model of its own -- assuming the cryptocurrency bubble doesn't burst -- the power is still in consumer's hands. Coinhive can be blocked through ad blocking software. In the same manner as intrusive advertising practices, without balance, users will still turn towards ways to block mining scripts rather than agree in return for using an online service.


Pirate Bay Website Continues Harnessing Visitors' CPUs To Loot Monero

Jul 10th, 2018

Torrent website the Pirate Bay, has begun using the processing power of visitors' computers to mine Monero. In September, The Pirate Bay (TPB) began using visitors' processing power to mine Monero (XMR). Initially, the site described this as an experiment that was supposed to use only a portion of each visitor's CPU. However, a September 16 blog post stated that, due to a typo in its code, "all CPU for a client was used. This should be corrected now so only 20-30% should be used." The blog post asserted, "We really want to get rid of all the ads. But we also need enough money to keep the site running." The idea was well-received. Users left comments such as "I will gladly contribute by providing part of my CPU when visiting TPB (as opposed to ads, I dont [sic] like these especially due to privacy concerns)" and "If, [sic] this can become a viable way to support the website without seeing porno I am in," referring to the abundance of sexually themed advertisements featured on the site. In the last week, The Pirate Bay added a disclaimer to its homepage that states, "By entering TPB you agree to XMR being mined using your CPU. If you don't agree please leave now or install an adblocker." So it appears the experiment has now become a permanent feature of the website, though there has not been any additional announcement about mining on the site's blog. However, those who were optimistic about The Pirate Bay's claims that this mining policy would lead to the elimination of advertising will probably be disappointed with the results. Multiple searches on the site performed by ETHNews led to results pages that always featured multiple advertisements in the sidebars; all were for sexually themed video game sites or for sites promising "casual and discreet fun."


Ethereum Classic (ETC) Rises Higher on Robinhood Listing | NewsBTC

Aug 7th, 2018

Robinhood Crypto announced on 6 August that Ethereum Classic was now available for investment, commission-free, on its platform. The announcement was made via a Tweet on its Twitter account and an official blog post. Ethereum Classic (ETC) rose over 9% and jumped from rank 12 to 11 as the news came out. Most other cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and XRP, however, witnessed a fall in prices. Among the top 10 on Coin Market Cap, XRP was down by over 4%, IOTA by nearly 13% and Stellar by almost 2%. The blog post also stated that investors could invest in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dogecoin, and access the market data for 10 other cryptocurrencies. Apart from the six cryptocurrencies which the exchange offers for trading, it supports real-time market data for Bitcoin Gold (BTG), Dash (DASH), Lisk (LSK), Monero (XMR), NEO (NEO), OmiseGO (OMG), Qtum (QTUM), Ripple (XRP), Stellar (XLM), and Zcash (ZEC). At the moment, the offering is available in 19 US states only, however, the company will add support for more states soon. Robinhood Crypto's addition of ETC comes just a day before Coinbase offers trading support for the cryptocurrency as well. "We intend to allow 24-48 hours of transfers through Pro/Prime before opening the markets. In accordance with our Trading Rules, all ETC books will open in post-only for a minimum of 10 mins. Once sufficient liquidity is established, trading will then be enabled on Pro and Prime," Coinbase announced in its blog. It also explained that since ETC will be added to Coinbase Markets, it will be added to the Coinbase Index according to the Coinbase Index Methodology. In the case of Coinbase, ETC will be available wherever Coinbase is available. Currently, BitMEX, Binance, LiveCoin, Bitfinex, Poloniex and Kraken support ETC/BTC trading. However, Robinhood offers zero-commission transactions, a feature which works in the favour of investors. Robinhood's business model is based on making profits from interest on cash and securities held in customers' accounts, and through offering them premium account memberships such as Robinhood Gold. Apart from crypto, Robinhood also offers traditional investment options such as stock, options and ETFs. As of May 2018, the number of users on Robinhood's trading app had surpassed 4 million. ETC's blockchain, is a continuation of the original Ethereum blockchain with untampered history. The original Ethereum blockchain had undergone a hard fork which due to the DAO hack in 2016. ETC recently topped $2.2 Billion in circulation. The news of Robinhood and Coinbase adding the cryptocurrency acted as a catalyst for helped ETC scale significant resistance at $19.


Canadian Cryptocurrency Exchange CoinSmart Opens Its Doors

Jul 17th, 2018

According to information shared with ETHNews, CoinSmart, a Canadian cryptocurrency exchange, officially launched today. The company says it aims to "solve the pain and confusion of purchasing cryptocurrency for Canadian investors," and that it was built with both the "crypto curious" and experienced investor in mind. As part of its accessibility efforts, the platform reportedly includes an easy-to-navigate interface, educational material, and around-the-clock support across various channels. Some specific features include a tax-time reporting tool to help users calculate their taxable income and capital gains, as well as the ability for investors to make transactions with coins not paired with Bitcoin or Ethereum. In fact, the company says users can purchase any listed cryptocurrency with the Canadian dollar, thereby decreasing the need for such a pairing. As of launch, the platform is compatible with bitcoin (BTC), Ether (), bitcoin cash (BCH), Litecoin (LTC), Dash (DASH), Monero (XMR), and EOS. More altcoins will apparently be added on an ongoing basis. CoinSmart's CEO, Justin Hartzman, commented on the need for an accessible Canadian crypto exchange: "As a long-standing cryptocurrency investor, I have experienced first-hand how Canadians are under-served by existing . Platforms are unnecessarily complex, lack personal touch, and do not provide the tools and service support that consumers deserve. We used these issues as our design motivation and trust that CoinSmart fixes all these concerns allowing any investor - first time or not - to truly feel comfortable and secure." The company joins the ranks of other Canada-serving crypto , such as Coinbase, Kraken, and Canadian Bitcoins. CoinSmart, however, is apparently attempting to shake up the Canadian crypto market with its focus on consumers' ease of use. The addition of CoinSmart follows the release of two Canadian crypto reports. A survey published in June titled "Taking Caution: Financial Consumers and the Cryptoasset Sector" asserts that Ontarians are cautious about crypto. Perhaps the accessibility issues Hartzman claims exist in the Canadian crypto market help to inform this circumspection. However, a staff analytical note published this month by the Bank of Canada, the country's central bank, points to increased bitcoin knowledge and usage across the country. Of course, the findings specifically relate to bitcoin rather than cryptocurrencies in general, but it is notable that the two reports somewhat contradict one another (although, both do mention that participation in the cryptospace occurs among a relatively small fraction of the Canadian population). The bank's study raises the question: What is the "true" of Canadian crypto , and is there a need for companies to accessibility? In any case, CoinSmart's launch today marks another step toward overall crypto awareness in the country.


Privacy Coin Monero Successfully Completes First "Bulletproofs" Audit

Jul 16th, 2018

Privacy Coin Monero (XMR) successfully completes the first audit for its new "bulletproofs" protocol. In an official blog post back in December 2017, Monero announced its intentions to pursue including the bulletproofs mechanism into its protocol. They stated that bulletproofs would lead to "massive space savings, better verification times, and lower fees.". The deployment was supposed to happen in two stages and be available for the test network before being deployed onto the main network. Bulletproofs were proposed by Stanford's Applied Cryptography Group (ACG) with contributions from the members of University College London and Blockstream. Bulletproofs are an advancement to range proofs of zero-knowledge proofs mechanism, utilized by ZCash and some other cryptocurrencies. In privacy coins such as Monero zero-knowledge proofs allow users to conceal their transaction amount from the public ledger while being a trustless network. In order to make sure the transaction is valid Range proofs are utilized. However, Range proofs consume a lot of space by the virtue of their design. Bulletproofs enables us to do the same task without consuming as much space. In the blog post, Monero stated that the implementation resulted in an 80% reduction of transaction size, and subsequently would lead to 80% reduction in transaction fees. There have been several discussions in the Ethereum and Bitcoin community over the possible integration of this mechanism. In a tweet yesterday, Monero team confirmed that the first independent audit, performed by Kudelski Security, has been successfully completed. The first audit (by Kudelski Security) of Monero compatible Bulletproofs has, bearing a few minor issues, been successfully completed! https://t.co/qZk3FdhJ5L -- Monero || #xmr (@monero) July 15, 2018 The report stated that they found four potential security issues of low or undetermined severity and eight observations related to general code safety of the implementation. The bulletproofs mechanism is now live on the Monero test network. Two more audits by Benedikt Bünz, the co-author of the bulletproofs paper, and Quarkslab and are forthcoming and should be completed soon. The implementation is going to be integrated into the main network during the scheduled protocol upgrade of September/October. In a tweet back in April, Charlie Lee, founder and developer of Litecoin, stated that "bulletproof is still a working progress". Bulletproofs is definitely a promising breakthrough and we can expect more cryptocurrencies adopting this mechanism. Bulletproofs is one of the many proposed solutions -such as lightning network, Schnorr signatures, and sharding- to tackle the scalability issue faced by all blockchains.


Coinbase Custody Service To Add 37 More Crypto Assets

Aug 6th, 2018

US-based crypto exchange Coinbase's recently launched new cryptocurrency custody service for institutional investors called Coinbase Custody is planning to add nearly 37 more existing and forthcoming crypto assets. These assets are considered for storage only at this time and not for trading purpose. The proposed new assets include Bitcoin Gold (BTG), XRP, EOS, NEO, NEM, Monero (XMR), Zcash (ZEC), XLM, DASH, VeChain (VEN) Tezos (XTZ), Dogecoin (DOGE), Telegram (TON), and NANO. Coinbase, however, did not commit to when or whether these assets will become available on Coinbase Custody. Coinbase Custody provides secure storage of large amounts of crypto assets for institutional clients in both the US and Europe. It currently supports only Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). The introduction of the secure crypto asset storage solution addressed the main concern among institutional investors of strict financial controls and secure storage facilities for their digital assets. The custody services are provided through its partner Electronic Transaction Clearing (ETC), which is a U.S. Securities and Exchange Commission (SEC)-registered and regulated institutional broker-dealer and Financial Industry Regulatory Authority (FINRA) member. In mid-July, Coinbase had announced plans to work with local banks and regulators to explore the possibility of adding five more new crypto assets for trading in as many jurisdictions as possible. Coinbase aims to add Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM

  • Privacy (Untraceable payments, Unlinkable transactions)
    Monero daemon uses the original CryptoNote protocol except for the initial changes (as the block time and emission speed). The protocol itself is based on ring signatures (Daniel J. Bernstein's Curve25519 + Ed25519, Schnorr signatures on a Twisted Edwards curve) and stealth addresses. The end result is passive, decentralised mixing based on heavily-tested algorithms.
  • Decentralisation
    The smart mining[20] forthcoming feature will allow transparent CPU mining on the user's computer, far from the de facto centralization of mining farms and pool mining, pursuing Satoshi Nakamoto's original vision of a true p2p currency.
  • Scalability
    Monero has no hardcoded limit, which means it doesn't have a 1 MB block size limitation preventing scalability.
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Market share 0.00%
Proof type PoW
24h Open $42.50
24h Low $42.46
24h High $48.01
Price in BTC 0.01258170651459 BTC
Current Supply 16,640,947 XMR
Market cap $715,893,568
24h Volume (coin) 27,960 XMR
24h Volume (currency) $1,236,678
Last updated 2018-12-13 04:48:10 +00:00 GMT
ID Market Type Price Quantity Total
Date Price Volume