XMR Community to Hold Breath While Hard Fork's Ongoing

A hard fork of Monero executed recently, but the success of the implementation is still unclear
06 April 2018   2607

The controversial hard fork of Monero's anonymous crypto currency was initiated this night, but its results are still unclear. This is reported by CoinDesk.

On the block number 1 546 000, a crypto currency software update was launched. Taking into account the ambiguity of this update, the community continues to monitor its dissemination process.

Although hard forks are not uncommon for the Monero blockchain, the last one stands out against the general background, as it is designed to introduce a new consensus algorithm that will protect the network from the ASIC-miners usage.

The decision to conduct hard fork was made in the light of the announcement by the Bitmain ob the release of the device aimed at Monero, which was made last month. After that, several groups of users announced that they don't support the new development vector of Monero and launch their own projects that will use the old code, including Monero Classic and Monero Original.

Consequently, the community continues to monitor the hash rate and the rate of release of blocks in the main Monero network to determine what percentage of miners could go to third-party blockchains.

Fluctuations in the hash-rate caused a panic on Reddit, but the developer "hyc" said that "a couple hours for us to see how the network overall hash rate settles out."

Observers also track activity in the old Monero blockchain and maintain a list of pools that have not yet updated their software to join the new chain.

The update also increased the size of the Monero ring from 5 to 7, which should help to increase the reliability of anonymous cryptocurrency tools and protect it from deanonimization, which in theory may occur with the launch of the MoneroV hardfork.

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.