Despite negative mining malware news, the privacy-centric cryptocurrency Monero rose by 36% in 2 weeks – Markets and Prices Bitcoin News

The privacy-centric crypto asset Monero has risen sharply in the past two weeks, rising 36% against the U.S. dollar. Although the “Spider-Man: Nowhere” torrent of Monero mining malware has brought negative news, 7 days of statistics show that encrypted assets have risen by more than 21%.

Monero sees double-digit gains in the headlines of mining malware

Privacy-focused digital currency Currency (XMR) This week saw double-digit growth, and most of the crypto economy suffered losses and went through a period of consolidation. just, XMR Makes headlines after a cybersecurity company warn The torrent file containing the “Spider-Man: No Way To Go” movie may contain malicious Monero mining malware.

Mining malware reports have plagued the Monero community for many years because there are some applications that hijack the victim’s CPU and then mine Monero without the victim’s knowledge. This behavior is sometimes referred to as “Cryptojacking. “

year to date, Currency (XMR) It has risen by 58% against the US dollar, and the market value of encrypted assets is approximately US$4.4 billion, ranking 44th among 12,135 types of encrypted assets. XMR This represents 0.19% of the USD 2.3 trillion crypto economy on January 1, 2022.

Despite the negative mining of malware news, the privacy-centric cryptocurrency Monero rose by 36% in 2 weeks
XMRThe /USD chart on January 1, 2022.

XMR The 24-hour price range is approximately US$227.51 to US$248.45 per unit and tether (USDT) Is the largest trading pair in assets, accounting for 42% of all transactions.Next is Bitcoin (18.39%), Ethereum (7.83%), the U.S. dollar (5.94%), the euro (3.35%), the British pound (2.32%) and the Japanese yen (2.32%).

currency(XMR) Is an open source digital currency network based on Cryptocurrency Technique created by Nicolas van Saberhagen in 2013. It is said that the blockchain network is confused, but the blockchain monitoring company Ciphertrace Claim It has Monero tracking function.

The privacy technologies of the project include IP address hiding, Ring signature, Zero-knowledge proof, bulletproof and invisible address. At the end of August 2021, a Monero developer Announce Bitcoin arrive XMR Atomic exchange capability. also, Currency (XMR) It is used in many dark web markets.

Monero also faces many privacy coin competitors, such as Horizon (zen), Dash (DASH), and zcash (ZEC)For example, ZEN has gained 438% against the U.S. dollar so far this year, and ZEC has gained 130.8% in the past year.

Tags in this story

BTC to XMR atomic swap, bulletproof, Password tracking, sprint, horizon, Mining malware, currency, Currency (XMR), privacy, Private assets, Privacy coin, Ring signature, Invisible address, xmr, XMR earnings, Zero cash, Jersey, Zen, Zero-knowledge proof, zk-SNARKs

In the mining malware report, what do you think of the 36% increase in monero’s exchange rate against the U.S. dollar in the past two weeks? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles about destructive protocols emerging today for Bitcoin.com News.




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