Monero Adds Multisignature Technology

The multisignature function will allow Monero to compete better with cryptocurrencies, in which this technology has already been integrated
18 December 2017   4921

Yesterday the Monero developers team announced that multisignature technology will be included in the next release. It is stated that multisig transactions and addresses will be indistinguishable from normal transactions and addresses.

Monero Twit

Multisignature Wallet structure offers an additional layer of security to cryptocurrency wallets. Such wallets require authorization from multiple users before transferring of funds.

The multisignature technology development project has been funded by the community itself and has not received any financial backing.

It is expected that the multisignature function will allow Monero to compete better with cryptocurrencies, in which this technology has already been integrated.

Monero chartsMonero Charts

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

Average price: $347,25

Marketcap: $5 379 859 990 USD

24h volume: $180 927 000 USD

Billionare's Wife Kidnappers to Demand €9M Worth XMR

Anna-Elizabeth Falkievik Hagen was allegedly abducted from her home, although the law enforcement agencies found no sign of hacking
10 January 2019   422

In late October, the wife of one of the wealthiest entrepreneurs in Norway, Tom Hagen, was kidnapped. The kidnappers are demanding a ransom of € 9 million in Monero, according to Norway Today.

Anna-Elizabeth Falkievik Hagen, 68, was allegedly abducted from her home, although the law enforcement agencies found no sign of hacking. A note with a ransom request was also found there.

Note that Interpol and Europol are involved in the investigation of the case of Falkievik, and the fact of the abduction was kept secret for a long time for security reasons.

Today, January 9, the police confirmed that Falkievik was abducted, and communication with the criminals takes place exclusively through some kind of "electronic platform". In addition, in December, the kidnappers could not provide evidence that she was still alive.

Probably the Falkievik case is the first time in Norway when a ransom is demanded in a cryptocurrency equivalent. Nevertheless, the police recommended that the criminals be denied their claims.

Tom Hagen is the founder of Elkraft AS, a power supply company. His fortune is estimated at 1.7 billion NOK (€ 170 million).

Earlier, employees of the local prosecutor’s office in Kiev and the National Police of Ukraine detained two suspects accused of stealing a miner in March of this year and stealing $ 50,000.

Now they face up to 15 years of imprisonment for robbery committed by a group of individuals in a preliminary conspiracy, infiltration and theft in a particularly large scale.