Malware Study Claims Criminals Mined 4.4 Percent of Monero, Less Than Previously Thought

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. “In this paper, we conduct the largest measurement of crypto-mining malware to date, analyzing approximately 4.4 million malware samples (1 million malicious miners),” authors Sergio Pastrana and Guillermo Suarez-Tangil confirm. According to their calculations, Monero, which continues to…

Monero “Mistake”—Now You Can’t Pay for Fortnite Merch with Monero

If you were excited about Friday’s news about Monero (XMR) being accepted on the Retail Row store, well, sorry to break the bad news, but according to CEO of Epic Games, Tim Sweeney, it was all a “mistake.” Oops, but also… how? Monero Mistake Over the weekend, the CEO of Epic Games—the creators of 2018’s biggest game, Fortnite—admitted that adding Monero as a payment method on the games online store was a “mistake.” And not a ‘Now that I have reflected on my actions I believe I chose the wrong course of action’ mistake,…

Epic Games’ Fortnite Store Starting to Accept Monero Was Accidental, CEO Confirms

Temporary volatility hit Monero (XMR) over the weekend after a gaming company chief said it accidentally began accepting the privacy-focused altcoin for payments Jan. 5. Epic Games, which developed the popular video game Fortnite, had opened an official merchandise store, Retail Row, in December. According to Epic’s CEO Tim Sweeney, Monero had entered the store’s suite of payment options “somewhere along the way” but was unintentional, with staff subsequently removing it over the weekend. “We worked with a partner to open a merchandise store, and somewhere along the way Monero…

Crypto Tidbits: Bitcoin Turns Ten, Ethereum Berated, Buy Fortnite Merch With Monero

Crypto’s 2019 arguably started with a bang, which was in stark contrast to the holiday season’s lull. The Bitcoin Network, for one, turned ten years old, just as a number of bullish development blessed crypto startups. Many hope that this positive momentum will continue to influence this industry in the months to come. Crypto Tidbits: Paypal Bans The Hacker News: Last week, The Hacker News (THN), a well-respected cybersecurity news portal, took to Twitter to express its distaste towards Paypal. According to THN’s company statement on the matter, Paypal permanently banned its accounts…

Fortnite Store Accepts Crypto – But Only Monero

Fortnite fans can now buy merchandise for the blockbuster online video game using the cryptocurrency Monero (XMR). Bitcoin payments are not yet accepted, reportedly due to privacy concerns. While Fortnite did not make an official announcement, fans shared the news on Reddit on January 1, where it received a very positive reception. Monero enthusiasts said the move signals that crypto adoption is expanding, since Fortnite is the most popular video game in the world, with more than 200 million registered users. Fortnite V-Bucks and Crypto Top Teen Wish Lists Indeed, Fortnite is…

Fortnite Store Accepts Crypto – But Only Monero

Fortnite fans can now buy merchandise for the blockbuster online video game using the cryptocurrency Monero (XMR). Bitcoin payments are not yet accepted, reportedly due to privacy concerns. While Fortnite did not make an official announcement, fans shared the news on Reddit on January 1, where it received a very positive reception. Monero enthusiasts said the move signals that crypto adoption is expanding, since Fortnite is the most popular video game in the world, with more than 200 million registered users. Fortnite V-Bucks and Crypto Top Teen Wish Lists Indeed, Fortnite is…

Fortnite Merchandise Store Starts ’Exclusively’ Accepting Monero as Payment Method

Retail Row, the merchandise store for the online video game Fortnite, has started “exclusively” accepting Monero (XMR) as a cryptocurrency payment option, Monero tweeted Jan. 1. Fortnite is an online video game released in July 2017 and developed by Epic Games, which reportedly accounts for more than 125 million players worldwide. In October 2018, Epic Games was valued at over $15 billion in its latest funding round. Retail Row supports crypto payments service GloBee, which allows retailers to accept cryptocurrencies including Bitcoin (BTC), Litecoin (LTC) and Ripple (XRP), while XMR…

With 90 Percent of Monero Mined, Attention Turns to ‘Tail Emission’ From 2022

Miners have now extracted 90 percent of privacy-focused cryptocurrency Monero (XMR) and will net the remainder by May 2022, data from monitoring resource Monero Blocks confirmed Dec. 20. Monero — whose developers place anonymity and untethered usage of coins as a priorities — will have an ultimate supply of 18.4 million XMR. So far, a total of 16,659,407 XMR is available. Unlike Bitcoin (BTC) — which has a fixed supply once all coins are mined — Monero will continue generating tiny 0.6 XMR block rewards infinitely after 2022, a feature…

Crypto Market Update: Monero (XMR), Bitcoin SV, Tron (TRX), ADA Price Analysis

Key Points The total crypto market cap extended declines below $107.00B and it could slide further. Monero (XMR) price is under pressure below $50 and it could test $40. Bitcoin SV price is declining towards the $90 support level. Tron (TRX) is stable above the $0.0130 support level. Cardano (ADA) price is down more than 3% and is testing the $0.0300 support level. Bitcoin SV is struggling to recover above the $100 handle. Monero (XMR), Tron (TRX) and Cardano (ADA) are down and they could continue to decline in the…

EOS, Monero (XMR), Litecoin (LTC), Stellar Lumens (XLM), Cardano (ADA) Price Analysis

Aside from Litecoin, most coins under our preview are trading below important support levels. After breaking below 15 cents, we expect Stellar Lumens prices to drop to 8 cents while Cardano’s losses could see ADA print new 2018 lows. Let’s have a look at these charts: EOS Price Analysis No doubt, losses are steep in EOS/USD pair. It is even made worse by centralization claims, Dan Larimer project hopping and the obvious block producer corruption. At spot prices EOS is down 11 percent in the last day pushing weekly losses…