Today Monero price became more $ 240

Monero hit own price record on December, 05 and can grow up more
05 December 2017   959

The price charts indicate that the prices of the privacy-focused cryptocurrency Monero are at an all-time high and could grow up else. CoinMarketCap reported the XMR has appreciated 19 percent in the last 24 hours. Monero (XMR) moved hit previous record over $ 210 today and was trading at the new lifetime over $ 240.12. In the short-term Monero could grow up to $265–$270 levels.

Also this cryptocurrency could became more popular including due to using payments scheme in music industry. A range of well-known musicians for example Mariah Carey, G-Eazy, Marilyn Manson and more has begun accepting the privacy-oriented cryptocurrency Monero. Now users can buy albums and merchandise at a discounted cost, including 15 percent reductions on items from Carey's store, Mötorhead, Alice Cooper and more.

CoinMarketCap data shows the rally is being in part fueled by Korean desks. Volumes of trading pair of XMR/KRW which  one of the largest South Korean exchanges Bithumb reported about, have grown up by 30 percent over the last day.

Monero Team to Kill Coin Burning Bug

A scenario of a hypothetical attack described by one of the participants of Monero's subreddit helped to identify the bug
26 September 2018   474

Developers of the Monero cryptocurrency have eliminated a bug that could allow intruders to "burn" funds in organizations' wallets, while sacrificing only a small amount in the form of transaction commissions. This is reported in the official announcement of the project.

A scenario of a hypothetical attack described by one of the participants of Monero's subreddit allowed to identify the bug.

Practically speaking this bug is exploited as follows. An attacker first generates a random private transaction key. Thereafter, they modify the code to merely use this particular private transaction key, which ensures multiple transactions to the same public address (e.g. an exchange's hot wallet) are sent to the same stealth address. Subsequently, they send, say, a thousand transactions of 1 XMR to an exchange. Because the exchange's wallet does not warn for this particular abnormality (i.e. funds being received on the same stealth address), the exchange will, as usual, credit the attacker with 1000 XMR. The attacker then sells his XMR for BTC and lastly withdraws this BTC. The result of the hacker's action(s) is that the exchange is left with 999 unspendable / burnt outputs of 1 XMR.

dEBRUYNE at Get Monero

Monero developers note that this method does not allow the attack organizer to directly receive the XMR coins deposited in this way. However, an attacker can withdraw XMR through bitcoins, and the exchange will remain with 999 non-consumable or "burned" outputs from 1 XMR.

The created fix was privately distributed to exchanges and large merchants, in order not to attract unnecessary attention to the time of elimination of problems. According to the developers, the exploit was not used to perform real attacks.

In early August, because of the critical bug in the code of Monero, which allows to manipulate the amount of transactions, Livecoin suffered losses exceeding $ 1.8 million.