Monero (XMR) comes under attack aimed at unmasking users

11. November 2020

The anonymous payment network Monero (XMR) has suffered an attack in recent days. It was aimed at unmasking users and revealing details about their transactions.

Monero (XMR) victim of attack

It was one of the main developers of the project, Riccardo Spagni alias „FluffyPony“, who reported this attack on a Twitter thread published yesterday . He explains that it was a „Sybil“ attack, which aims specifically to unmask people using a P2P network . As Spagni points out, this attack could have been carried out on almost any cryptocurrency, but Monero is a prime target due to the anonymity it affords to its users. More specifically, it was about “ correlating transactions to the IP addresses of the nodes that transmit them“ .

The developer qualifies the attack as “ clumsy“ because it had no effect on the privacy mechanisms specific to Monero , ie ring signatures, masked addresses, etc. The developers of Monero had however expected a possible attack, which is why protection mechanisms have been put in place, such as the use of Tor and i2p, or Dandelion:

“Without going into technical considerations, Dandelion works by randomly“ broadcasting ”transactions. This means that for a Sybil attack to [work], it must be intercepted from the first node. “

Monero Network Attack Failed (XMR)

What failed in the attack on Monero was the scale. Spagni explains that the attacker couldn’t deploy a strategy big enough to really threaten the network . Also, it could not have targeted users who manage a node behind a VPN, or who use Tor / i2p with their nodes.

User funds were therefore not put at risk. It is not yet known who carried out this attack. The „de-anonymization“ of Monero is a hot topic, however. Last September, we learned that the US tax service had offered a reward of $ 625,000 to anyone who managed to update transactions in XMR.

The analysis firm Ciphertrace had also announced that it could track Monero transactions during the same period. For the moment, the community is rather dubious on this subject, Ciphertrace having so far not shown a convincing concrete example. Still, the noose is tightening around Monero. Altcoin has become the flagship of anonymous cryptocurrencies , in the face of regulators who view the development of non-traceable payment networks with a dim view.

Il flusso di bitcoin dai minatori agli scambi sale del 271,6%: Rapporto analitico

10. November 2020

Glassnode dice che, nelle ultime 24 ore, il volume di Bitcoin che i minatori hanno spostato sulle piattaforme di trading ha visto un drastico aumento fino a quasi il 280%, spingendo BTC verso il basso

Il flusso di bitcoin dai minatori agli scambi sale del 271,6%: Rapporto analitico
Contenuti

I minatori stanno incassando, spingendo giù BTC
Il maggiore Bitcoin hater chiama BTC „riserva di valore parziale“.

Il deflusso di Bitcoin dalle piscine minerarie agli scambi di crittografia ha visto un forte aumento nelle ultime 24 ore, secondo un recente tweet di Glassnode.

Nel frattempo, il tasso di cambio del Bitcoin è sceso leggermente dal suo nuovo massimo storico di 15.492 dollari.
I minatori stanno incassando, spingendo BTC verso il basso

I dati forniti dalla società di analisi Glassnode mostrano che, nelle ultime 24 ore, i minatori hanno inviato negli scambi molti più Bitcoin di prima.

Il volume di BTC trasferito dai minatori alle borse (MA a 2 giorni) è aumentato drasticamente ed è ora aumentato del 271,6%, per un totale di 25,101 BTC dopo 6,754 BTC.

I minatori stanno inviando BTC alle borse per fissare i loro profitti e incassare. Mentre questo sta avvenendo, il tasso Bitcoin ha visto un leggero calo dal picco maggiore recentemente registrato di 15.492 dollari (la chiusura settimanale più alta degli ultimi due anni) alla soglia dei 15.215 dollari, secondo i dati di CoinMarketCap.

Il 6 novembre, l’ammiraglia della crittovaluta ha raggiunto i 15.000 dollari ed è salita a 15.829 dollari, un massimo che non si vedeva dall’inizio del 2018, proprio prima dell’arrivo del „crypto winter“.
BTC

JPMorgan dice alle istituzioni che abbandonano gli ETF d’oro per Bitcoin

Il maggiore Bitcoin hater chiama BTC „riserva di valore parziale“.

Domenica, U.Today ha riferito che il rinomato odiatore di Bitcoin Nouriel Roubini ha finalmente fatto quello che la comunità lo spinge da anni a fare: ha fatto un passo verso il riconoscimento di Bitcoin.

L’economista, noto anche come „Dr. Doom“ per aver previsto la crisi dei mutui ipotecari del 2008-2009, ha ammesso di non credere che il Bitcoin sia una moneta. Tuttavia, ha detto in un’intervista, il Bitcoin potrebbe servire da riserva di valore parziale grazie alla sua offerta fissa.

Na Kanye West en PewDiePie onderschrijft de beroemde Rapper Logic Bitcoin

8. November 2020

Bitcoin heeft de laatste tijd veel aandacht gekregen na de enorme rally die het voorbij de $ 15.000 duwde en velen schokte. De asset is door veel internationale beroemdheden in de gaten gehouden en het lijkt erop dat de beroemde rapper Sir Robert Bryson Hall II, in de volksmond bekend als Logic, de laatste is die Bitcoin onderschrijft, met de aankondiging direct nadat Bitcoin Lifestyle een enorme stap had gezet en trending was op Twitter.

Met een tweet op 7 november merkte de inmiddels gepensioneerde rapper en contentmaker wiens records bij vele gelegenheden bovenaan de hitlijsten stonden op dat zijn manager Chris Zarou hem had overtuigd om Bitcoin te kopen.

Hoewel details over de investering niet zijn onthuld, vermeldde Logic in zijn tweet dat het „een grote investering in #bitcoin“ was

Logic heeft meer dan 2,3 miljoen volgers op Twitter en de community leek enthousiast over de intrede van de rapper in de wereld van cryptocurrencies. Aan de andere kant waren sommigen bezorgd over zijn tijd van binnenkomst vanwege de $ 1500-verhuizing de dag ervoor en een steile correctie zou de rapper van gedachten kunnen veranderen.

Dit is echter vrij onwaarschijnlijk omdat Logic’s manager Zarou een voorstander van Bitcoin lijkt te zijn, aangezien hij een paar dagen eerder had getweet dat hij „onverantwoordelijk lang“ is op Bitcoin.

De term onverantwoordelijk lang is geformuleerd door hedgefondsbeheerder en Bitcoin-bull Raoul Pal, die gelooft dat Bitcoin in deze marktcyclus $ 1.000.000 zou kunnen bereiken als gevolg van institutioneel belang.

Logic is niet de enige artiest die op Bitcoin gokt, want hij wordt gesteund door de Grammy-winnaar en presidentskandidaat Kanye West, die vorige maand live ging op de populaire Joe Rogan Podcast en Bitcoin prees.

Ondertussen YouTube sensatie PewDiePie tentoongesteld non-fungibel tokens (NFT) en cryptocurrencies om zijn 107 miljoen abonnees eerder deze maand, toen hij het bevorderen van een Pokemon-stijl spel genaamd Wallem, waar hij ook de verkoop van zijn in-game “PewDiePie huid”, zoals een NFT.

Bitcoin-rally wordt niet aangewakkerd door particuliere beleggers

Ondanks dat meerdere beroemdheden cryptocurrencies zoals Bitcoin onderschrijven, blijkt uit gegevens van Google Trends dat de interesse in de term ‚Bitcoin‘ en andere gerelateerde zoekopdrachten nog steeds op een dieptepunt in meerdere jaren lag.

Dit zou een aanwijzing kunnen zijn dat de huidige rally wordt gevoed door institutionele spelers zoals Grayscale en andere fondsbeheerders op basis van de cijfers die door deze instellingen worden gerapporteerd.

De Cash App van mobiele betalingsdienstaanbieder Square zag ook een aanzienlijke stijging in de omzet in het derde kwartaal, dankzij Bitcoin. Op basis van haar financiële rapport aan de Amerikaanse Securities and Exchange Commission, werd Bitcoin de grootste bron van inkomsten voor Cash App.

Alles bij elkaar genomen, is Logic en andere beroemdheden die de Bitcoin-markt betreden nog steeds goed nieuws voor de industrie als geheel als het gaat om het populariseren van deze vrij nieuwe beleggingscategorie.

2020 US elections: Associated Press (AP) uses Ethereum blockchain for Trump-Biden election

4. November 2020

The 2020 US elections between Donald J. Trump and Joe Biden caused tension around the world. The opponents differ significantly and the election campaign was already extremely polarized. One topic that has always been at the center of the debate here was that of election manipulation. The Associated Press (AP) will now publish the official results of the US presidential election on the Bitcoin Formula Blockchain as well as on EOS.

Ethereum Blockchain for 2020 US Elections

For the first time in US history, the official election results of the 2020 US elections will be published on the Ethereum and EOS blockchain. The Associated Press is responsible for this .

The Associated Press, or AP for short, is an institute that has been publishing the results of the US elections since 1848. Their leading employee Dwayne Desaulniers said:

The Associated Press is the gold standard for counting votes and publishing election winners.

In addition to the pure publication, the AP also provides its own API so that the results of the publication can be verified by developers on the respective blockchain.

Everipedia will also be used for the publication and disclosure of the data. This project competes with Wikipedia, which is completely blockchain-based and uses Chainlink’s Oracle service to ensure that external data is also correct.

Milestone for future elections?

The issue of election rigging has been a frequent and controversial debate. After all, elections are about nothing less than designating a person who is given tremendous authority and making decisions for millions of people.

Daniel Kochis, who works as Head of Business Development for Chainlink, said:

The first step to unleash the full potential of our service and that of blockchains is to make this technology accessible and available to others. The fact that the Associated Press is now publishing the current status of the counts on a blockchain is a huge milestone on this journey.

With the current project, the Associated Press is setting standards. A blockchain has never been used to verify election results on such a scale.

What is your opinion on Ethereum and EOS for the 2020 US election? – Can you imagine in the future that voting itself and proof of identity can already take place via a blockchain? With such a step, the risk of election manipulation would be significantly lower .