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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

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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