Monero News (XMR) - Page 3

$10 Million Monero Ransom Demanded for Return of Norwegian Millionaire's Wife
The kidnappers of Anne-Elisabeth Falkevik Hagen, the wife of a Norwegian millionaire, are demanding a ransom of $10 million in Monero. One perception that cryptocurrency has to constantly fight is that it?s mainly used for illicit transactions. Such is not the case, but the mainstream media and pop culture (movies and TV) tend to push such a narrative. Monero (XMR) is a crypto that is often associated with cryptojacking, wherein hackers use malware to get other people?s computers to mine the coin. Now the privacy-focused coin is being demanded as a ransom payment in the kidnapping of a 68-year-old woman in Norway.
January 12, 2019 7:49 PM

This Week in Crypto: 51% Attacks, Monero Ransom, Ledger Nano X, and More
The cryptocurrency market never closes, and the industry itself is growing faster than ever. This means there?s more breaking news, and more vital information emerging than ever before. This Week in Crypto is Covesting?s weekly news recap aimed at providing the most complete coverage across the cryptosphere. This week, the original unforked Ethereum blockchain suffered a 51% attack that led to many exchanges and services being paused while the situation was investigated. The attack resulted in double spends of Ethereum Classic, amounting to a combined $1.1 million. According to researchers, the attack happened in two stages. The price of ETC plummeted in the wake of the news.
January 12, 2019 11:55 AM

Norwegian kidnappers demand for 1
Anne-Elisabeth Falkevik Hagen, a wife of one of the richest men in Norway, went missing from her house in Oslo at the end of October. The news leaked to the press only on Jan 8 ? 10 weeks after her disappearance. The Norwegian police decided to make the case public in the hopes of receiving help from people living nearby that may have been happenstance witnesses. The victim?s husband, Tom Hagen, is a founder of Elkraft, the power supply company. Hagen?s fortune of 1.7 billion Norwegian kronor (170 million Euro) makes him the 172nd most wealthy person in Norway. Even though both Interpol and Europol are engaged in the investigation, little progress has been made so far. The kidnappers demanded a ransom of $10 million to be paid out in Monero (XMR), otherwise, they threaten to kill the woman. What is worse, they have not provided any evidence that she is still alive since December.
January 11, 2019 1:37 PM

New research shows that Cryptojacking is responsible for more than 4% of Monero's supply
A recent report, which explores the crypto-mining malware ecosystem, has concluded that more than 4 percent of Monero?s total circulation supply is attributed to cryptocurrency mining malware. Therefore, the flagship privacy coin earns number one spot among the most popular cryptocurrencies with cryptojackers, even outperforming Bitcoin. What the heck is cryptojacking? Cryptojacking is defined as the secret use of your computing device to mine cryptocurrency. Cryptojacking used to be confined to the victim unknowingly installing a program that secretly mines cryptocurrency. In-browser cryptojacking uses JavaScript on a web page to mine for cryptocurrencies.
January 11, 2019 5:14 AM

Cryptojacking cases on the Rise with Majority involving Monero
News and Resources For The HODLER In You A joint effort by two researchers, Sergio Pastrana and Guillermo Suarez-Tangil from Universidad Carlos III de Madrid and King?s College London, respectively, analyzed huge areas of malware over a twelve-year period and have reported that hackers have mined at least 4.32 percent of the total Monero in circulation. In simple monetary terms, that comes out to more than $56 million in profits. Pastrana and Suarez-Tangil wrote: ?Overall, we estimate there are at least 2,218 active campaigns that have accumulated about 720K XMR (57M USD). Interestingly just a single campaign (C#623) has mined more than 163K XMR (18M USD), which accounts for about 23% of the total estimated. This campaign is still active at the time of writing.?
January 10, 2019 8:31 PM

Kidnappers demand $10 Million Monero ransom for millionaire's wife
Last October, wife of a Norwegian millionaire Tom Hage got kidnapped. The Kidnappers demand a $10 Million ransom to be paid in Monero. Please enter the email address you used at registration: Keep up to date and get crypto updates directly in your inbox! By subscribing you agree with our Terms and Conditions. Please check your email to confirm subscription.
January 10, 2019 6:41 PM

Never bring a knife to a gun fight: bring popcorn and a hug
anonimal posted this 2 years ago Completion Date: Thursday 01 December 2016 Funds awarded: 6.25% (~XMR452.91) Completion Date: Saturday 28 January 2017 Funds awarded: 6.25% (~XMR452.91) Completion Date: Sunday 26 March 2017 Funds awarded: 6.25% (~XMR452.91) Completion Date: Friday 05 May 2017 Funds awarded: 6.25% (~XMR452.91) Completion Date: Saturday 24 June 2017 Funds awarded: 6.25% (~XMR452.91) Completion Date: Monday 31 July 2017 Funds awarded: 6.25% (~XMR452.91) Completion Date: Friday 15 September 2017 Funds awarded: 6.25% (~XMR452.91) Completion Date: Tuesday 07 November 2017 Funds awarded: 6.25% (~XMR452.91)
January 10, 2019 4:11 PM

Malware Study Claims Criminals Mined 4
Previous estimates had put the mining malware figure at around 5 percent, but authors of the latest study claim their calculations are more reliable. Previous estimates had put the Monero supply from mining malware at around 5 percent, but authors of the latest study claim their calculations point to a lower figure Cryptocurrency mining malware is responsible for less of the supply of altcoin Monero (XMR) in circulation than previously thought, new research published Jan. 3 claims. A joint effort by researchers at King?s College London and Carlos III University in Madrid, Spain, the study analyzed huge swathes of malware over a twelve-year period.
January 10, 2019 2:46 PM

Billionare's Wife Kidnappers Demand a 9 Million Euro Monero Ransom
There are numerous correlations between cryptocurrency and criminal activity. This trend has been apparent for years and only seems to grow bolder every quarter. A group of individuals who kidnapped the wife of a wealthy Norwegian now demands a ransom in Monero. More specifically, they want to obtain 9 million euro worth of Bitcoin. A rather disturbing development for all parties involved. It is not uncommon for criminals to try and obtain illicit cryptocurrency payments. Whether it is through malicious software, cryptojacking, extortion, hacking, or darknet activity, all of these avenues are well-documented. What is rather unusual is how people will purposefully kidnap others simply to obtain a big Monero payment. Such a story is currently developing in Europe, where a 9 million euro Monero ransom is currently in the balance.
January 10, 2019 1:17 PM

Crypto Mining Malware Has Netted Nearly 5% of all Monero, Says Research
Monero (XMR) is by far the most popular cryptocurrency among criminals deploying mining malware, according to a new study. Two researchers, Sergio Pastrana and Guillermo Suarez-Tangil, from Universidad Carlos III de Madrid and King?s College London, respectively, published their report last week, estimating that hackers have mined at least 4.32 percent of the total monero in circulation. Pastrana and Suarez-Tangil write: ?Overall, we estimate there are at least 2,218 active campaigns that have accumulated about 720K XMR (57M USD). Interestingly just a single campaign (C#623) has mined more than 163K XMR (18M USD), which accounts for about 23% of the total estimated. This campaign is still active at the time of writing.?
January 10, 2019 8:08 AM

Wife of Norway's 172nd Richest Man Kidnapped, Ransom to Be Paid in Monero
Cryptocurrencies are sometimes erroneously said to ?only be used by criminals?. Although this is demonstrably false, cryptocurrencies are sometimes linked to crime ? just like all currencies are. Now it seems as if a mysterious suspected kidnapping in Norway has just taken an unexpected cryptocurrency-related turn. The 68-year old Anne-Elisabeth Falkevik Hagen is the wife of one of Norway?s richest men, investment mogul Tom Hagen. However, she has been missing since the 31st of October following a suspected kidnapping, according to the Norwegian police. Her disappearance was reportedly discovered when Tom Hagen arrived at the pair?s residence outside of Oslo on October 31st. He found the house empty, barring a letter written in spelling error-riddled Norwegian.
January 09, 2019 9:32 PM

New MyMonero launch website and web wallet is live!! Now we can start directing people to download the app without linking to GitHub
The simplest way to use the next-generation private digital currency Monero, at the sweet spot between security, convenience, and features We put design first and ironed out the technical details of using digital money, so you can get back to business. There's no Monero blockchain node to run. The MyMonero server does the heavy lifting for free. Forget spending days syncing the blockchain from your phone while waiting in line to pay for coffee. Get your entire transfer history instantly on any device with only your seed words. Send funds from anywhere, to anywhere, anytime. No bank fees, no processing delays, no holds?ever.
January 09, 2019 8:31 PM

Kidnappers of Norwegian Millionaire's Wife Demand $10
Wife of Norwegian Millionaire Tom Hagen was kidnapped in October 31st last year. Kidnappers left a note demanding 9 Million Euro ($10.3 Million) in the privacy based Cryptocurrency Monero (XMR). According to a report from VG, 68-year-old Anne-Elisabeth Falkevik Hagen went missing 10 weeks ago. The police found a note that demanded a ransom and threatened to kill her otherwise. The police and the press kept the investigation hidden since November last year. The Norwegian police department publicly asked for tips and information as there has been no sign of Elisabeth since the kidnapping in October.
January 09, 2019 5:07 PM

Wife of Norwegian billionaire kidnapped Ransom to be paid in monero ($10
These are external links and will open in a new window The wife of a Norwegian multi-millionaire businessman has been missing for months after being abducted, police have now confirmed. Anne-Elisabeth Falkevik Hagen, 68, disappeared from her home near Oslo on 31 October. The investigation has been continuing since then, police said, but was given "a low profile" because "very serious threats have been made". The kidnappers have demanded ?9m ($10m; £8m), Norwegian media report. Broadcaster NRK said the ransom had been demanded in an equivalent amount of the cryptocurrency Monero - a digital currency similar to Bitcoin.
January 09, 2019 5:06 PM

The accidental Monero and Fortnite relationship
Unbiased Cryptocurrency News Source In what seemed as another strong win for cryptocurrencies Monero was added as a payment option and then it wasn?t. It was there one moment, and gone the next, it wasn?t due to Monero being one of the best stealth and privacy coins in the market, it was simply due to it being taken away as a payment option. The founder of Epic Games, Tim Sweeney, tweeted, saying that the addition of Monero, ?was accidental?, meaning that it should have never happened in the first place. The Monero enablement was conducted without the blessing of the company by a third party partner which was collaborating with Epic & Fortnite to open up a merchandise shop.
January 09, 2019 4:05 PM

What Is Monero (XMR) | An In-Depth Guide to the Privacy Coin
Monero, a fork of Bytecoin, is a secure, private and untraceable currency, built on the Cryptonote protocol. Monero uses ring signatures to anonymize the sender, ring confidential transactions (RCT) to hide the transaction amount, and stealth addresses to make the receiver incognito. Monero is difficult to develop with making real-world implementation tough. It also has large transactions and more mining centralization than other coins. Monero, a fork of Bytecoin, is a secure, private, and untraceable currency, built on the Cryptonote protocol using Ring Signatures. Proof of Work mechanism called CryptoNight issues new coins which incentivize miners to secure the network and validate transactions. Originally launched in April 2014 as BitMonero, Monero (symbol XMR), means money in Esperanto.
January 09, 2019 10:10 AM

UK: 167
According to a report by Oracle Times, published on January 8, 2019, Monero (XMR) tokens were sold during a live cryptocurrency online auction organized by Wilsons Auctions. Notably, the XMR tokens were previously seized by the British law enforcement agencies. Per sources close to the matter, Wilsons Auctions is one of Northern Ireland?s largest independent auction companies. The firm organized a public sell-off of Monero (XMR) tokens on January 7, 2019, which saw 167.7 XMR coins sold to interested parties. The bids for the sell-off were placed online. The participating bidders had the option to compare the demanded price with the current market price of each of the crypto tokens lots and accordingly place their bid price.
January 09, 2019 6:49 AM

Monero Glitch Allowed Hackers to Steal XMR From Crypto Exchanges
The Next Web's in-house crypto column recently reported that Monero, the paramount privacy-centric crypto, was subject to a  somewhat minor cybersecurity vulnerability. The inventive hackers form fraudulent transaction data through the copying of an easy line of code from the Monero wallet code base, which is open-sourced and absolutely obtainable online.  These malevolent actors could then influence the amount of crypto indicated by the wallet they needed, with every new line of copied code increasing the amount of Monero displayed.  As this bug doesn't ease the materialisation of XMR out of an unknown location, attackers could use this advantage as a medium of attack against any crypto exchange. More certainly, malevolent users could trick exchange support staff teams into crediting their account using Monero which doesn't exist, with one coder revealing that people could intimidate a value of up to 8,000 times more than the initial transaction sum. 
January 08, 2019 9:37 PM

7 Ways to Buy Monero (XMR) Cryptocurrency Instantly in 2018
Monero is essentially an upgrade on Bitcoin?s central ideologies of decentralization and secrecy. It is completely untraceable through the use of stealth addresses and ring signatures. The currency has been around for several years now, and has grown from under $4 to over $100. Learn how and where to buy Monero below! This guide will teach you how to purchase Monero via credit card, debit card, bank transfers and more. Monero is only sold on Bitcoin and Ethereum pairs, this means that to purchase it, we must buy Bitcoin or Ethereum first. This also means that any payment method that you can buy Bitcoin or Ethereum with can allow you to get Monero.
January 08, 2019 9:24 PM

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