Monero

XMRUSD KRAKEN
XMRUSD
Monero KRAKEN
 
No trades
Market Cap
FD Market Cap
Trading Volume 24h
Circulating Supply
Max supply
Market Cap
FD Market Cap
Trading Volume 24h
Circulating Supply
Max supply

Important events

Apr 192022

The Great(ish) Monero Heist of 2022

Investors coordinate a bank run dubbed ‘Monerun’ to pull XMR off exchanges amid allegations of suspended withdrawals and misrepresented reserves.

  • XMR was up almost 10% on Monday as Monero fans staged a ‘Monerun’ that set out to withdraw XMR from exchanges en masse. In a coordinated effort, planned for April 18, investors sent the token to private wallets to raise concerns over the crypto’s transparency.
  • Monerun comes after allegations from investors that centralized exchanges (CEXs) are suspending XMR withdrawals and misrepresenting reserves to sell Monero’s tokens that, well, ain’t there. Did we see these allegations proven? Inconclusive. Did we see sizable gains on the day due to the mass withdrawal? Indeed we did.
  • Monero has quietly gone against the grain of the crypto market this year. After a pretty bloody start to 2022, XMR has decoupled from Bitcoin and the wider market, riding a steady uptrend that has seen it make an 80% move since Jan 27. This old-timer still has legs, it seems.
ULRICH BAUMGARTEN / CONTRIBUTOR

Subscribe to Snaps

See the market snapshots that matter and nothing else – sent to your inbox daily. Designed to be read in 20 seconds or less.

Feb 172022

Privacy comes at a price

The Monero community is getting worked up over security on the blockchain as one mining pool comes close to network dominance.

Key points:
  • One mining pool is coming close to holding domination over the Monero network. MineXRM is the biggest Monero mining pool, and the amount of hash rate produced by the pool is approaching 44% – up from 34% in August last year and scarily close to the 51% mark.
  • Controlling that much of the network’s hash rate is a security risk to the rest of the blockchain, because it means the pool could technically carry out a 51% attack – stopping the network from authorizing new transactions and causing all sorts of chaos, from double-spends to denial of service.
  • The token snapped its four day winning streak and lost 1.8% on Wednesday as users on social platforms started calling for an intervention, likely remembering the most recent 51% attack in August 2021, when a rogue actor was able to control the entire Bitcoin SV (BSVUSD) network for over three hours.

OK #MONERO FOLKS THIS IS SERIOUS.

I KNOW I FUCK AROUND ALOT & SOMETIMES I DONT EVEN KNOW WHEN IM BEING SERIOUS

BUT THIS IS SERIOUS

@MONERO COULD POSSIBLY BE FACE A 51% ATTACK

https://pools.xmr.wiki

FIRE UP EVERY FUCKING CPU YOU HAVE & POINT IT NOT @ mineXMR

GOOOOOO $XMR

Jun 172021

Clever new kid on the crypto block

Monero is up 22% for the week so far as people take a closer look at the privacy-orientated cryptocurrency following the federal seizure of Colonial Pipeline ransomware payments.

Last week, the FBI successfully followed the money trail on Bitcoin’s blockchain and breached the crypto wallet held by the Colonial Pipeline hackers. The group managed to pull in 75 Bitcoin, worth nearly $5 million, after cutting off the gas supply to most of the East Coast last month. That’s all well and good for the people of Colonial Pipeline, but it was a pretty nasty wake-up call for the cyber-criminals of the world, who thought that demanding their ransom in cryptocurrency would protect them from the Feds.

On the plus side, it is making the privacy-orientated Monero look very attractive, especially to those with dodgy intentions. The crypto has been around since 2014, created by a group of anonymous developers, and it is slowly becoming a favorite of the privacy coins due to its opaque blockchain and anonymous transaction details. Bitcoin has a public ledger, which means that all transactions can be seen by anyone, but Monero’s privacy features make it easier to use for the dark web and any illicit activities. The coin is now accepted by three of the five largest darknet markets, just in case you were wondering.

Things first took off in 2016 when darknet market AlphaBay opened to Monero deposits, but 2018 saw prices plummet from highs of above $250 in January to below $50 by the end of the year. It looks like a resurgence is on the way though, because these privacy coins are only going to get more popular as the Feds get more crypto-clever.

On the Bitcoin blockchain, you can see what wallet address transacted, how many Bitcoin, where it came from, where it’s going. With monero, obfuscates the wallet address, the amount of the transactions, who the counter-party was, which is pretty much exactly what the bad actors want

explained Fred Thiel, former chairman of Ultimaco, one of the largest cryptography companies in Europe.