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The official Monero client may have been compromised. This, cryptocurrency developers posts on Reddit.

According to the publication, one of the users drew attention to the fact that the hash of the CLI binaries files downloaded by him from the official cryptocurrency website does not match the hash of the files downloaded from the repository on GitHub. The development team concluded their storage was compromised and various CLI files were available for download within 35 minutes.

Now the download is from a backup source. It is recommended that users who have downloaded these files in the past 24 hours verify their integrity.

 If the hashes do not match, do NOT run what you downloaded. If you have already run them, transfer the funds out of all wallets that you opened with the (probably malicious) executables immediately, using a safe version of the Monero wallet, the publication said.

There is no official information about a possible theft of cryptocurrency, however, one of the Reddit users claims that after launching new CLI files, $ 7,000 disappeared from his wallet.

A user under the nickname moneromanz said that nine hours after launching these files, his cryptocurrency wallet was devastated by one single transaction. Note that he tried three times to publish a comment with this information under the post of developers, but he was constantly deleted.

How many people downloaded the compromised files is unknown. The development team is investigating the incident, the results of which will be published additional information.

Note that in November, a hard fork should happen in the Monero blockchain – an update of the protocol is scheduled for November 30. Compromised CLI files are needed just to work with the updated protocol.

During the update, the developers plan to introduce a new RandomX hardware mining algorithm and exclude long payment identifiers to increase the level of anonymity.

Over the past day, anonymous cryptocurrency has fallen in price by almost 5%. Today its course is not very volatile – in all likelihood, the news did not affect the market in any way. XMR tokens are trading at $ 59.14.


admin , 2019-11-19 14:30:32 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

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Nick Chong , 2019-11-10 12:00:38

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