A Seoul court granted the petition demanded by the prosecutors to freeze crypto wallets owned by the head of the Nth Room case.
Monero is a digital currency very similar to Bitcoin, but it offers a higher level of security and anonymity for users and their transactions.
The Monero ledger, unlike Blockchain, doesn’t record the actual stealth addresses of parties to transactions, and the one-time created address that is recorded is not linked to the actual addresses of the parties as well. All Monero transactions between two parties are grouped up with some other transactions that occur among unrelated parties. Monero also handles transactions by splitting the amount transferred into multiple parts and then treating each split part as a separate transaction.
The popularity of Monero is not growing just because of attention from black market, but also because of the large amount of people not fond of being watched by governments, hackers, and corporations.
The altcoin market capitalization has steadily risen over the past few days, suggesting that the short-term price action has shifted away from Bitcoin.20528
More than 1,000 enterprise computer systems have been infected with a cryptojacking malware that installs a Monero mining application.5721
A study into the traceability of top privacy coins reveals over 99% of Zcash users fail to utilize the protocol’s privacy features.8544
The Philippine Institute for Peace, Violence and Terrorism Research has been tracking transactions made by local terror groups.5123
Besides Bitcoin, several major cryptocurrencies are consolidating close to their overhead resistances and could offer buying opportunities in the short-term.16388
The film, Monero Means Money, went from drawing board to premiere in just one week, and even briefly topped the U.S. box office, albeit largely due to the COVID-19 lockdown… but is that a good thing?4954
Another cryptocurrency exchange in South Korea delists XMR amid the Nth room sex scandal case.10229
Crypto traders explain why this Bitcoin rally may be more than just a correction.18868
Norwegian Police suspect millionaire Tom Hagen murdered his missing wife, which calls into question ‘$10M in Monero’ ransom note.6191
The Incognito privacy project is an interoperable chain that will let you privately use DeFi platforms without ever touching Ethereum itself.5462
An independent film about stablecoins momentarily topped the U.S. box office charts earlier this month.4961
Slovakian cybersecurity firm ESET has reported some success in disrupting the workings of a previously undetected Monero-mining botnet in Latin America.3258
Ethereum’s Vitalik Buterin downplayed the recent HTC announcement on allowing XMR mining in mobile phones.6528
A ransomware group switched from Bitcoin to Monero to better protect the hackers’ identities.8383