Cyber Security Experts Expect a Rise in Monero Ransomware

Cyber Security Experts Expect a Rise in Monero Ransomware

Monero is expected to become the new favorite of ransomware creators and distributors as it offers better privacy and security than Bitcoin. Cyber criminals and hackers will soon ditch Bitcoin for Monero. Cyber security experts have anticipated the shift to happen in the near future. They believe that the ransomware creators and distributors will start demanding ransom in Monero instead of Bitcoin in the coming days. The shift will be influenced by the additional privacy and security offered by Monero. Bitcoin transactions are known to be pseudonymous at best. In spite of taking extra....


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Kraken, one of the leading cryptocurrency exchanges now supports Monero trading. Kraken, one of the leading cryptocurrency exchange platforms has announced the inclusion of a new cryptocurrency offering. The exchange announced the new development in its latest blog post, published a few days ago. Monero, the anonymous cryptocurrency based on CryptoNight protocol has been exhibiting a promising trend in the cryptocurrency industry lately. Its inclusion into Kraken is going to offer the digital currency a much-needed boost to further improve its foothold in the market. Monero....

Quotes

In the future I see a public blockchain - whether that's Bitcoin or some other open one in the future, which is a way of registering ownership of all sorts of assets and it's a way of transferring ownership of those assets in a single system that can be read by all of the right people and none of the wrong people. So it becomes very simple for me to swap my dollars for your IBM shares, or your pounds for my house. Any asset that we assign a value to and want to be sure about who owns it can be registered using this technology.

James Smith, CEO of Elliptic