Trezor Users Can Now Exchange Cryptocurrencies Directly In-Wallet

This week the hardware wallet Trezor added the ability to buy and trade cryptocurrencies within its beta wallet’s interface. Now users can swap between eleven different digital assets without the possibility of compromising funds by leaving them on an exchange.

Trezor Hardware Wallet’s Beta Version Allows Users to Buy & Trade Digital Currencies

Users can now swap cryptocurrencies from within their Trezor hardware wallets by using the firm’s beta wallet. The beta wallet is almost identical to the traditional user interface but it contains different features not yet added to the main Trezor client. On September 19, Trezor explained on Twitter, “Our beta servers now allow you to exchange cryptocurrencies directly in the Trezor Wallet interface.” The wallet’s new exchange section allows users to purchase cryptocurrencies from exchanges, and swap their existing digital assets on the same trading platforms.

Exchanges available on the Trezor beta wallet.

When entering the beta page, it’s basically the same as the main client and you will have to plug in your Trezor and login to use the new features. Once inside the wallet, on the top right side of the screen there’s a new ‘exchanges’ tab.

A disclaimer must be accepted to use the exchange services.

If it’s a person’s first time using the exchange feature, they have to agree to a disclaimer that states basically all the trades made is between the assets’ owner and the third party trading platform. The digital asset exchanges available on the Trezor platform include Changenow, Coinmama, Changelly, Paybis, and Coinswitch. The wallet’s users can swap BCH, ZEC, XRP, LTC, BTG, XMR, DASH, DOGE, BTC, ETH, ETC, and XMR.

Trezor Exchange Feature is Optional and the Trading Platforms Might Run KYC

A representative from Trezor explains the company won’t be running any Know Your Customer (KYC) requirements for the new feature. “Just to clarify, we won’t run KYC — The exchanges might. (We do not offer exchange services, they all go through third parties.),” the team’s marketing manager details on Twitter.

It’s an optional service. If KYC will be enforced by those services, user will know it and can refuse to continue — Decentralized exchanges are, of course, being evaluated.

The Trezor hardware wallet will be joining Keepkey as the Shapeshift owned manufacturer’s hardware wallet also enables cryptocurrency swaps in-wallet as well. Keepkey owners have the ability to use Shapeshift by selecting a currency in their wallet they would like to trade with the other digital assets offered in the drop-down menu. With Shapeshift changing its business model to a membership service, it is uncertain how it will affect its compatibility with Keepkey. Ledger Wallet does not provide any exchange or trading services in any of its hardware models. However, there is a section in the Ledger Live platform that shows a Buy/Trade tab but the browser redirects the user to the exchange after it is chosen.

Images via Shutterstock, Pixabay, and the Trezor wallet inte


Source
Author:  Jamie Redman 
Image Credit

Privacy Coins Surge Again, a Possible Leading Indicator for the Crypto Market

Privacy cryptocurrencies are up big over the last 24 hours, led by Monero and Komodo.

Privacy cryptocurrencies have been on a tear over the past week, with the AltDex Privacy Coin Index (ALTPRV) up over 20%.

Things seem to be heating up once again, as the index is up nearly 10% in a matter of hours. This bullish price action is being led by several coins, including Komodo (KMD), Monero (XMR) and Verge (XVG).

The recent uptick is significant, as the broader market has yet to fully join the digital asset class in another major bullish move. The AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, is currently up only 0.18% as Bitcoin tries to break through $7,250.

Given the current price action, a surge of buying when the U.S. market returns from the long weekend holiday could help push Bitcoin to new monthly highs and the recent price action with privacy coins could be a leading indicator of investor sentiment.

A similar situation happened on August 26 when the AltDex Masternode Index (ALTMSN), which tracks major masternode cryptocurrencies, jumped nearly 30% prior to a broader market run-up that saw Bitcoin move from $6,700 to nearly $7,100.

Source
Author CRAIG RUSSO 
Image Credit 

Monero (XMR) Exhibits Bullish Pressure Mid-Term

Monero [XMR] is still in the range of the mid-term outlook. The formation of bullish candles and dojis are indicating signs that the bullish momentum within the range may be seen in the mid-term. The digital currency traded as high as $102 in the demand zone and lost traction.

LIONBITThe bears later returned and pushed the value of the con down to $96 in the demand zone. The stochastic is presently in the oversold territory at 24 percent and its signal points are heading north, and this indicates an upside trend in the value of the coin as the bullish traction increases in the range. The digital currency is trading between $92 on the lower demand zone and $104 in the upper supply zone.

Monero (XMR) Price Today – XMR / USD

Name Price 24H (%)
Bitcoin (BTC)
$6,116.92
-5.53%
Monero (XMR)
$89.38
-9.34%

 

At the time of writing, Monero [XMR] is trading at $96.6 after a decrease of about 1 percent over the past twenty-four hours. The digital currency currently boasts of a market cap of $1.60 billion and a trading volume of $22.63 million over the past twenty-four hours.

TIPMonero [XMR] Short-Term Trend

The digital currency is still in consolidation in the near-term outlook. The bullish momentum was sustained and the coin traded as high as $103 in the supply zone. The digital currency made an attempt to surge higher, but it was caped on the upside at the 50-day exponential moving average.

The bears later took over the market and the value of the digital currency declined to the $96 mark in the demand zone below the 10-Day exponential moving average irrespective of a one-hour bullish opening candle.

In the short-term, the digital currency is still trading between $93 in the lower demand zone and $102 in the upper supply zone of the range. The digital currency is currently trading below its previous support zone at $100 mark, and it needs enough bullish momentum to surpass that level.


WMPROHere at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author Uma Johnson
Image Credit 

DD Telegram

 

Monero [XMR] mining malware hijacks Brazil: Claims 200,000 victims

On the 3rd of August, a group of Brazilian systems were infected by a malicious software that targets a specific brand of routers for its activities. This was discovered by, Simon Kenin, a TrustWave researcher who said that the router MicroTik is being targeted and over 200,000 routers were secretly programmed for mining Monero [XMR] across the country.

LIONBIT

The cybercriminals were able to hack their way into the system using a malevolent code that covertly runs coinhive in the backend. In the case of Monero, it uses CPUs and coinhive, a very well-known Monero mining script, it is globally utilized to mine coins. This also makes it easier to hack systems.

Sources from Forbes state that this was possible due to a small microchip located inside the router that is similar to that of any hand-held device. This Microchip is not very strong but is still capable of doing more than just connecting a user to the web or enabling WiFi services.

Furthermore, although mining activities do not pose a threat to crypto-users or their accounts, it can seriously degrade a computer and significantly reduce the speed at which a system works. In addition, the risk is greater for handheld devices as it can cause the device to overheat up to a point where it can melt.

Although a patch for this threat was provided by the manufacturer in April, many routers were not updated.
In his analysis, he said:
“Let me emphasize how bad this attack is, there are hundreds of thousands of these devices around the globe, in use by ISPs and different organizations and businesses, each device serves at least tens if not hundreds of users daily.”

Simon states that mining has become a trend in the crypto world and now it appears that using scripts like coinhive have become the latest trend.

He further adds:
“Miners, on the other hand, can be a lot more stealthy, so while a single computer would yield more money from ransomware if the user ends up paying, an attacker would prefer to run a stealthy miner for a longer period of time. The plan being that at some point the mining would be as profitable as, if not more than, the one-time ransom payout.”


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author: Gautham Kadri
Image Credit: Pixabay

Don’t forget to join our Telegram channel for Crypto, Business & Technology news delivered to you daily.

Monero (XMR) Poised For A Big Run Up By End Of The Year

Monero (XMR) was once one of the few cryptocurrencies in existence but with the inception of lucrative altcoins, Monero (XMR) quickly became a forgotten coin to many. That is not to say that Monero (XMR) lost its purpose but other shinier projects like Verge (XVG) pulled in privacy enthusiasts from Monero (XMR)’s league. The chart above for XMR/USD shows that Monero (XMR) has performed well against USD for the most part, even after the correction.

LIONBIT

The reason for that is, that unlike coins like Ripple (XRP) or Cardano (ADA), people don’t buy Monero (XMR) just to make a quick buck.

Monero (XMR) has served an important function as a premier privacy coin and continues to attract privacy enthusiasts as being one of the best privacy projects out there. This is also why Monero (XMR) has performed in a very stable pattern over the past year and a half.

Currently, Monero (XMR) has reached oversold levels on RSI whereas MACD conditions show that Monero (XMR) is unlikely to go down for long. Technical conditions for Monero (XMR) indicate that the price is likely to reverse in the month of August. It is also expected that the reversal will be an aggressive one and there is a high probability that Monero (XMR) will mark a new high for the year. RSI conditions for Monero (XMR) show that the price has reached a critical point where it is expected to do one of two things: it must either break below the RSI triangle and enter into a long term bear market, or break above the triangle and begin a rally towards new highs.

AVINOC

Monero (XMR) has also reached the end of its correction against Bitcoin (BTC) as can be seen on the XMR/BTC chart above. RSI and MACD condition for the chart above point to a rally by mid August. That rally will reverse this trend and begin a new cycle, as Monero (XMR) continues to trend in an ascending channel against Bitcoin (BTC). The future prospects of Monero (XMR) seem brighter than ever as people across the globe seem to be more concerned about the privacy of their financial transactions than before. People are starting to realize that they now have options to protect their identity and privacy whenever they want to.

If someone does not want their credit card company knowing about their visits to a doctor or what they are buying online, they can use Monero (XMR) to protect their privacy and identity. Monero (XMR) has been criticized in the past for being the gateway cryptocurrency that people use to buy drugs and other illegal items on the dark web. However, most of those dark web sites have now been taken down by law enforcement agencies. Monero (XMR) will continue to have its significance as long as it is the only secure and trusted privacy coin in the market as most large corporations would not be comfortable with having their transactional data printed on a blockchain that everyone can see.


WMPRO

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author Fakhan
Image Credit 

Don’t forget to join our Telegram channel for all the latest Crypto, Business & Technology news delivered to you daily

Monero (XMR) Price Rise is Disrupted By Bearish Pressure

The price of Monero is facing bearish pressure against the USD. The cryptocurrency is trading in range against the USD. The selling pressure pushed the price down to $135.58 which is a demand area. The price was below the two broken EMAs. This means that the bears are in control of the market. The stochastic oscillator is at 9% in the oversold region and the signal is pointing down. This means that the price movement is downward.

The Price Of Monero (XMR) Against The USD

The price of Monero entered into consolidation and started trading between $142.63 which was in the supply area and $132.35 which was in the demand area. While $142.63 was in the upper level, $132.35 was in the lower level. You have to be cautious during this consolidation period because it’s difficult to determine if a breakout of the upper price range will occur instead of a breakdown if the lower price range. The only thing that is certain is that one of them will happen soon.

Monero is still trading in range short-term as the bears successfully pushed the price down to the $139.94 demand area toward the close of yesterday’s market. There was a daily opening candle around $140.10 with bearish signs. As the bearish momentum increased, the price set a lower range at $136.69. This range was eventually broken and a new lower range was formed at $135.39 in the demand area.

There has been the formation of a bullish hammer which pushed the price to the $137.75 supply area. At the time of writing, however, the price of Monero was consolidating. It was trading between $145.47 and $136.69 according to the price analysis of Azeez M from Bitcoin Exchange Guide. Wait patiently for a breakdown or a breakout that has a candlestick confirmation to take any long positions in the market.

Name Price 24H (%)
Bitcoin (BTC)
$8,185.64
3.2%
Monero (XMR)
$140.02
1.84%

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author Uma Johnson
Image Credit 

Don’t forget to join our Telegram channel for Crypto, Business & Technology news delivered to you daily

Privacy Coin Monero Successfully Completes First “Bulletproofs” Audit

Privacy Coin Monero (XMR) successfully completes the first audit for its new “bulletproofs” protocol



In an official blog post back in December 2017, Monero announced its intentions to pursue including the bulletproofs mechanism into its protocol. They stated that bulletproofs would lead to “massive space savings, better verification times, and lower fees.”. The deployment was supposed to happen in two stages and be available for the test network before being deployed onto the main network.

Bulletproofs were proposed by Stanford’s Applied Cryptography Group (ACG) with contributions from the members of University College London and Blockstream.

Bulletproofs are an advancement to range proofs of zero-knowledge proofs mechanism, utilized by ZCash and some other cryptocurrencies.

In privacy coins such as Monero zero-knowledge proofs allow users to conceal their transaction amount from the public ledger while being a trust less network. In order to make sure the transaction is valid Range proofs are utilized. However, Range proofs consume a lot of space by the virtue of their design. Bulletproofs enables us to do the same task without consuming as much space.

In the blog post, Monero stated that the implementation resulted in an 80% reduction of transaction size, and subsequently would lead to 80% reduction in transaction fees. There have been several discussions in the Ethereum and Bitcoin community over the possible integration of this mechanism.

In a tweet yesterday, Monero team confirmed that the first independent audit, performed by Kudelski Security, has been successfully completed.

The report stated that they found four potential security issues of low or undetermined severity and eight observations related to general code safety of the implementation. The bulletproofs mechanism is now live on the Monero test network.

Two more audits by Benedikt Bünz, the co-author of the bulletproofs paper, and Quarkslab and are forthcoming and should be completed soon. The implementation is going to be integrated into the main network during the scheduled protocol upgrade of September/October.

In a tweet back in April, Charlie Lee, founder and developer of Litecoin, stated that “bulletproof is still a working progress”. Bulletproofs is definitely a promising breakthrough and we can expect more cryptocurrencies adopting this mechanism. Bulletproofs is one of the many proposed solutions –such as lightning network, Schnorr signatures, and sharding– to tackle the scalability issue faced by all blockchains.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author Andy Peterson
Image Credit 

Monero (XMR) Price Analysis: Why Did Monero (XMR) Price Go Up and What is Going on With the Crypto Token?

Recent price movement on the charts show that Monero (XMR) spiked as trading picked a positive trend today. So why did Monero price go up? The majority of the top digital assets are also showing signs of initiating a recovery following the price dips in recent weeks. This recent trend in the charts have put Monero among the top gainers for the day and even the best performing token as well.



Monero (XMR) Price Today / USD

Crypto Currency Price 24H Changes
Bitcoin (BTC)
6652.54
5.22%
Monero (XMR)
141.511
10.13%

 

Why Did Monero Price Go Up?

Monero’s (XMR) price has scored 15 percent against the USD which is an 18 USD increase on its previous 109 USD low this past Sunday. But when we look at the slow recovery or even the uncertainty surrounding the token, it is safe to say this gain may be a temporary recovery and the coin could peak below the current price. Investors note that the token has managed to gain back the losses it suffered in recent days within only 24 hours. Even though it is still too early to determine whether the price will be sustained or not, it is good to see the XMR/USD pair trading in the green.

XMR will be included to mobile wallet Edge where users can buy, sell, send or hold coins. The fact that John McAfee has said via a tweet that an unhackable wallet which can support the XMR token with other cryptocurrencies will be introduced. Hence this announcement should be a major reason why Monero’s (XMR) “price went up.

Monero’s (XMR) Challenges

Monero (XMR) hasn’t had a smooth path since its launch in 2014. The privacy features of the token has been a major hindrance to the coin’s progress and has placed it in multiple controversies. Recall the time when the network was affected by mining malware and crypto jacking. The fact that regulatory authorities have turned their attention on privacy tokens means Monero (XMR) has had several run in’s with regulatory bodies. The token faces a possible crackdown in the form of additional regulation.

Concerns About Wallet Needs to Handled

The launch of Monero’s (XMR) wallet by the network left the crypto community thrilled. The security, privacy, and multiple language option made everything look great. But there are a few issues with GUI. Most users are worried that the wallet as user friendly as advertised.

The wallet is reportedly slow in synchronizing particularly for first time users which has caused anxiety and confuse among the community. Users are now suggesting that the wallet should be a plug-and-play option.



Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author Uma Johnson
Image Credit 

 

Monero exceeds expectations – 14% hike in the past 24 hours!

While the cryptocurrency market is constantly showing high volatility, the prices of various coins which were on the bearish side have been gaining the momentum back. On 24th June, Bitcoin [BTC], was trading at its monthly low of $5826 has bounced back to $6167 today. This has slightly driven the market to a negligible bullish side in the past 24 hours.
Monero [XMR], which is renowned as the “privacy coin” of the cryptocurrency market was constantly being observed for its poor performance since the last week of May. During the first week of May, the coin was comfortably trading at $253, however, a bearish trend was observed during the second week.

By mid-June, it dropped to as low as $114.

A Redditor named BitNobility says:
“Simply normal consolidation that occurs in all financial markets. Once it is over Monero will trend up.”

At the time of writing, Monero [XMR] is trading at $124.83 with a market capitalization of $2.02 billion. The coin is currently trending at the 13th position with a significant 14.54% increase in the past 24 hours. XMR is also showing a green mark in the past 7 days with a gain of 2.65% in its price.

A Monero proponent on Reddit says:
“Probably hopium, but I see this bitcoin crash just a consequence of the million worthless alts that people have to sell to bitcoin and cash out. We know those people aren’t going to buy the real thing but instead pack their packs and leave. XMR hasn’t decliner nearly as much, so it makes sense the real deals get back in track soon. Today is a good day.”

A Cryptocurrency enthusiast on Twitter says:
“XMR to the moon!! #HODL!”

A Redditor named Giant_mutton says:
“Have faith, great tech and community”

The coin was also listed as one of the most controversial coins due to its poor performance throughout the month. Amidst this bearish pull, on 21st June, XMR was added to the trading list of a cryptocurrency wallet named Edge. Also, last week, the Monero team released an update on its open source wallet called Monerujo. This update has been termed as “Maximum Nacho” which has eliminated the existing bugs from the code.



Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author: Laira Rebecca
Image Credit


Don’t forget to join our Twitter channel for Crypto, Business & Technology news delivered to you daily.

Has Monero [XMR] mining gotten more difficult?

During the time of Monero’s initial launch in April 2014, there were neither premine nor instamine, as in, the developers won’t get any portion of the block reward. After the fork, Monero made a lot of improvements like providing more efficiency, privacy, and flexibility to the blockchain.


Join in the fun and play on the world’s First Hybrid on-line Casino with BTC and Fiat currency payments. Check on-line for latest promotions


A large number of Monero [XMR] miners are now upset as the reward for mining the token has come down by a large margin. According to the Monero miners, the reward has drop somewhere between 25%-40% depending upon the pool they are using for the mining process.

The time required to mine one token or a coin has gone up dramatically, which makes it more difficult for the miners to mine Monero. The general principle is that the more token is mined, more difficult it would get to mine them in the future.

Monero uses the CryptoNight’s proof of work mining algorithm that can work in all existing devices with a modern x86 CPU processor and a lot of GPUs. Monero has smart mining feature which enables transparent CPU mining directly from the user’s system.

Don’t forget to join our Telegram channel for Crypto, Business & Technology news delivered to you daily

For Monero [XMR], there are around 38 trusted mining pools in the world and out of which 10 are operated globally, out of which, 20 are only located in Europe, 5 only in the United States of America, and 3 only in Asia.

Mining is the distributed process of cryptographically computing a mathematical proof to confirm and verify the transactions on the public ledger for a block which has a number of transactions and later it is added to the respected blockchain. The nodes of Monero uses the same blockchain to check whether the transactions are legitimate, to prevent attempts to re-spend which have been spent already.

As per the information given on nanopool, in the last 24 hours, about 128 blocks were mined with a Pool Hashrate of 107,806.0 kH/s.

A Reddit user has issued a concern:

“I have been using nanopool since I switched my machines over from ETH to XMR. I was averaging about .5 XMR every 22 hours like clockwork over the last 5 days. Today I noticed that has drastically changed. Per their calculator, it is going to take about 32 hours to generate the same amount. My hash rate has stayed pretty static between 67k and 70k. Is anyone else seeing the same changes?”


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author  Arjun B
Image Credit