Monero Featured In Last Week Tonight, Essential Tool In “Ransomware Economy”?
Emmy award winner satirical show “Last Week Tonight With John Oliver” released a segment on ransomware attacks in the U.S. and their alleged main financial enablers, cryptocurrencies Bitcoin (BTC) and Monero (XMR). This criminal activity has been on the rise in the U.S. and has been caused by concerns from authorities and the public. The segment begins with a review of some of the most important ransomware attacks recently perpetrated by hackers groups allegedly based in Russia and other safe-haven countries. Attributed to hacker group REvil and The DarkSide, these bad actors supposedly....
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Monero (XMR) is trading at $172.80, down 4.61% with a low of $171.473 and a high of $183.58 in the last 24 hours. The crypto has a market capitalization of $3,126,923,853, and a price nearing the $170 resistance threshold. According to Coindesk’s price research, bearish swings are back, and price increases have been slower than in previous months because of the downward trend. Monero is going bearish again following a decrease in the XMR/USD market, as a result of negative news coming from Canada. Monero (XMR) Bullish Indicators At the time of writing, technical analysis by CoinCodex....
Things are getting serious in Fiat-land. The DarkSide saga continues with a press release from the U.S. Department of State that offers up to $10M for “information leading to the identification or location of any individual(s) who hold(s) a key leadership position in the DarkSide ransomware variant transnational organized crime group.” Plus, up to $5M for “information leading to the arrest and/or conviction in any country of any individual conspiring to participate in or attempting to participate in a DarkSide variant ransomware incident.” Related Reading | Monero Featured In Last....
With cryptocurrency markets falling on Thursday, XMR and ATOM were two of the biggest movers during the day. Solana was also nearing a double-digit decline, as bulls seemingly sat out today’s session. Monero (XMR) Monero (XMR) was undoubtedly the biggest bear during Thursday’s session, as the cryptocurrency fell to the #40 position in the top 100. Following a high of $192.23 on Wednesday, XMR/USD fell to an intraday low of $167.29, which is 12% lower than yesterday’s peak. Today’s drop saw monero fall marginally below its support point of $170 for the first....
Monero has ranked among the top altcoins since its release in April, even earning its own market as a trading pair on the altcoin exchange Poloniex. However, the Monero price has been in decline for the past several months. CCN examines this altcoin price movement to help investors make wise trading decisions. Also Read: Monero Market Added To Poloniex Cryptocurrency Exchange. Monero Price Trending Downwards. The Monero price has been in decline for several months, and the fall continued during the past week. On October 24, the Monero price was 212,653 satoshis. Over the next two days, the....
One of the controversial topics in recent times is the payment of tax on cryptocurrency gains. In the USA, the IRS termed virtual currencies as property which means that holders will pay taxes like holders of fundamental properties or stocks. The agency even sent a subpoena to many centralized cryptocurrency exchanges to give up the information of non-compliant taxpayers. Even though many people in the cryptocurrency community frown against such taxes, the government is bent on ensuring compliance. Presently, non-compliance to the crypto tax payment requirement attracts legal action. So,....