Circle Invest app adds Monero support

Circle Internet Financial adds Monero support for their cryptocurrency trading app Circle Invest
08 May 2018   1318

Circle Internet Financial, a fintech startup backed by venture capital from Goldman Sachs, announced that they added Monero (XMR) support to their zero-commission cryptocurrency investment app Circle Invest.

Best known for their peer-to-peer payment app Circle Pay, Circle Internet Financial announced in March 108 that they are launching a new application for zero-commission cryptocurrency trading, called Circle Invest. While available strictly in the United States, the app has already gathered quite a large audiency by supporting from the start five most popular cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, Ethereum and Ethereum Classic. A little later Circle added Zcash (ZEC) support.

And from now on they support for the most popular privacy-oriented cryptocurrency – Monero. The news were released on Circle's official blog:

Last week, we welcomed Zcash to the coin family on Circle Invest. Today, we continue to grow our coin collection by supporting Monero as our new listed crypto asset. This brings our investable crypto assets to a total of 7 coins, making Circle Invest one of the only platforms you can invest instantly and seamlessly in the widest breadth of coins by using your bank account.
Rachel Mayer, Circle Senior Product Manager

While marketed as a zero-commission trading app, Circle Invest still gets its revenue from transactions by having a buy-sell price spread of 1.5-2%.

At the moment of press, these are main XMR market parameters:

  • Average price $228.26
  • Market cap $3,654,260,500
  • 24h volume $40,022,200

BlackSquid Hidden Miner to Attack US & Thai PCs

The malware is distributed through malicious websites, compromised web servers, network drives, and USB drives; it uses different exploits and vulnerabilities
05 June 2019   277

Trend Micro researchers have discovered a new malware that mines the Monero cryptocurrency on users' devices, reports ZDNet.

Most of all, a new malware miner called BlackSquid is popular in Thailand and the United States. The maleware is distributed through malicious websites, compromised web servers, network drives, and USB drives. BlackSquid uses EternalBlue, DoublePulsar, server vulnerabilities CVE-2014-6287, CVE-2017-12615, CVE-2017-8464 and errors in the ThinkPHP web application.

BlackSquid uses various tricks to keep the program unnoticed. For example, if a program detects that it was running in a virtualization environment, or finds debugging tools, then the malicious functions will not be activated.

Unnoticed, the malware installs the XMRig mining script. The attack does not end there - the program also scans the system for the a video card in order to extract coins more efficiently. After infecting one computer on the network, the virus tries to spread to other systems.