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Are You Discreetly Mining Monero (XMR)?

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Monero

If you are following the updates on cryptocurrencies, you might be aware of the recent buzz about Monero. Apparently, a Monero (XMR) mining malware has been detected which is secretly mining Monero on Android devices. The XMR mining malware, which was identified by the renowned security company Malwarebytes, operates by redirecting the users to a website that has the potential to capture the processing power of your device. This is not the only instance where a currency has been secretly mined from the users’ computers, the reports have confirmed.

The New XMR Mining Malware Attacks Android Devices

As pointed out by the China-based Cyber Security Company 360Netlab, the new XMR mining software has gone viral, affecting thousands of vulnerable Android devices. If the report published by 360Netlab is to be believed, the ADB.Miner worm scans can break into any type of Android device, from smartphones, tablets to television sets. The infected device can mine Monero(XMR) currencies discreetly, consolidating the funds to an e-wallet.

Statistically speaking, the mining worm ABD.Miner has managed to affect over 7,000 Android devices worldwide, especially in China and South Korea. The researchers further decried that the mining speed of the malware is incredibly high, and the number of attacks is likely to go up.

Popular XMR Mining Attacks

The XMR mining malware has been spread via the publicly accessible Android Debug Bridge or ABD on the open port 5555. Many such instances of Monero mining have been reported since the publication of the report, and similar incidents were observed in the past as well. The report issued by the Cointelegraph underscores another critical attack. As evident from the report, the mining malware Smorinru botnet has mined over 9,000 coins since it first came into the scene in May 2017. The malware attack on Jan 26, which infiltrated several PCs and devices through online ads, affected thousands of users across the globe.

Are Jenkins Servers Running a Monero Mining Malware?

Are you using Jenkins Servers? There is some bad news for you, as the Israel based security firm Check Point has confirmed that Jenkins servers are running Monero mining software. According to sources, the crooks running the XMR mining malware have accumulated over $3 million worth of XMR. The mining malware that runs on Windows machines were connected to the Jenkins servers, whereby it operates discreetly unlike other mining activities that run on PCs and are easy to detect.

The statement issued by Check Point reveals that the hacking of such an influential Jenkins server was an “operation that uses a hybridization of a Remote Access Trojan (RAT) and XMRig miner”.

Although the anomalies on the Jenkins servers are not considered as a threat by many crypto enthusiasts, the developers are not entirely ruling out the risks of servers getting hacked. Based on the findings of the security expert Mikail Tunc, there are more than 25,000 vulnerabilities on Jenkins servers.

Monero’s Journey from the Dark Web to the Mainstream Crypto Market

With a market cap of $3,501,527,166 USD (as of 15.03.2018), Monero has established itself as one of the major altcoins. It has come a long way from its dark days, anchoring a permanent place on the mainstream crypto space. This controversial altcoin, a favorite choice of currency for many, has managed to thrive despite the malicious controversies surrounding it.  As the king of the dark-web, XMR is all set to transform the monetary systems around the world.  Known for its anonymity, the dark-web’s favorite cryptocurrency has caught the attention of the Salon, the popular US-based news outlet.  Conveniently enough, this award-winning news platform now allows its users to mine Monero on their computer. People who would use ad-blocking will be provided with two choices; users can either turn on their ads or allow the website to maneuver the extra power of the devices to mine cryptocurrency.

Final Thoughts

Monero has earned an outstanding reputation for its anonymity and privacy, drawing both new and experienced traders. The dark-web’s favorite cryptocurrency, which has witnessed some interesting developments in the recent times, is likely to become a permanent mark on the crypto space. With Salon offering the scope of mining XMR, the mainstream uptake of this currency is in the offing, the analysts predict.

We will be updating our subscribers as soon as we know more. For the latest on XMR, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Brian Klug via Flickr

Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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