![]() 19 April 2022: Monero hits six-month high as Haveno approaches hard fork On 20 April 2022, at the time of writing, Monero (XMR) was trading higher by 1.7% at $259.07, with a market cap of $4.6bn and a trading volume of $315m down by 28% in the last 24 hours. At least seven ransomware groups accept ransom payments in both BTC and XMR, according to CipherTrace.Īs the cyber-security firm stressed, many new ransomware actors demand Monero only, while double extortion ransomware – demanding payments to both prevent attackers from publishing stolen data and unlocking the data – increased nearly 500% in 2021.įor the first six months of 2021, payments to ransomware groups totalled $590m, an increase of 42% over the whole of 2020. These higher BTC prices are most likely due to the increased risk of using an easily traceable cryptocurrency like BTC. “While some ransomware groups demand XMR and XMR only, we noted an interesting trend to now offer payments in either XMR or BTC, but charging a higher ransom if the victim chooses to pay in BTC,” said CipherTrace in its research paper, Current Trends in Ransomware with special notes on Monero usage. 20 April 2022: CipherTrace: Ransomware groups’ use of Monero jumped in 2021ĭemanding payment in privacy coins like Monero (XMR) has become a trend among ransomware actors in 2021, according to the cyber-security firm CipherTrace.ĭespite Bitcoin (BTC) remaining the preferred payment system, Monero (XMR) has jumped sharply in popularity among ransomware groups or strains, with at least 22 ransomware groups – not all of which are currently active – accepting only XMR. ![]() XMR market cap was $2.2bn, while trading volume was at $220m, higher by 41% over the last 24 hours.Īll values are correct as of 9:00 BST (UTC+1) on 14 June. Monero, originally released in 2014 as privacy-focused crypto privileging confidentiality, is popular as it became commonly used by darknet actors, with demanding payment in privacy coins like XMR being a trend among ransomware actors in 2021, according to a recent report from cybersecurity firm Ciphertrace.Īccording to CoinMarketCap, Monero (XMR) is changing hands at $124.83, down by 13% over the past 24 hours and 32.5% over the past seven days. To ensure security of your funds, please do not deposit LTC through the MWEB function,” Binance said in a note to its users. “Any LTC deposits made to Binance through the MimbleWimble Extension Blocks (MWEB) function will not be received or returned, as we are unable to verify the sender's address, resulting in the direct loss of funds. ![]() Monero (XMR) fell to $122 as Binance stopped a Litecoin (LTC) function allowing users to send confidential LTC transactions without revealing any information, halting all withdrawals and deposits of LTCs utilizing it. This story is no longer being updated – Click here for the latest cryptocurrency news and analysis
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