New features have been added as Monero announces the CLI v0.15.0.0 release named ‘Carbon Chamaeleon’ while approaching a new hard fork. The new upgrade was carried out this Saturday, revealed on the official Monero Reddit page.
The CLI v0.15.0.0 named Carbon Chamaeleon has been officially released. As for the release itself, anyone can run it and see that it is a suggested step to better prepare for the scheduled network upgrade, which is set to happen on Saturday, November 30, 2019.
As Monero announces a new upgrade, the team behind the network came out with an announcement and said:
“A user, service, merchant, pool operator, or exchange should run [the CLI v0.15.0.0 Carbon Chamaeleon] to be sufficiently prepared for the scheduled protocol upgrade on November 30.”
As expected, the main goal of the new release is to launch new features and ensure that the performance is enhanced and that any existing bugs are rectified. To be more specific, there is a full list of benefits which arise from the release and have been shared a month ago. These include:
- The new long-term Proof-of-Work (PoW) protocol algorithm named RandomX
- Long payment IDs which were set to be phased to promote user privacy and experience while reducing support work for services and exchanges
- Ten block lock time for incoming transactions to be implemented on the protocol level
- Transactions requiring two outputs
As Monero announces the new upgrade, there have been a lot of technical pieces commenting it. AMB Crypto was one of the sites which reported on this matter and gave focus to the GPG-signed hashes and the GUI v.0.15.0.0. With the former, users are urged to see the “integrity of binaries by verifying that they were signed in by Fluffypony” as the news outlet added.
The Monero news today also show that all of the processes need to be closed before putting the upgrade to work. As for the hard fork which is also upcoming, the KuCoin exchange shared that it will support Monero (XMR) during this time by putting a hold on all XMR deposit services. Huobi, Bittrex and other giants did not comment on the case.
At press time, Monero (XMR) is trading at $61.94 with a 2.29% decline on the day.
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North Korea Is Focused On Mining More Monero Than 2019
"We have observed an at least tenfold increase in Monero mining activity from North Korean IP ranges since May 2019. We believe that Monero’s anonymity and lower processing power requirements likely make Monero more attractive than Bitcoin to North Korean users.’’Monero is a privacy coin that makes it extremely hard for anyone to try and see who is sending or receiving transactions. It has been used in illegal activities previously and it is often accepted on the dark web by cryptojackers and hackers in a bid to try and steal other people’s computer power to mine cryptocurrency. The reports showed that North Korea is focused on mining more Monero since it is using the coin since August 2017 when the Bitcoin proceeds from cyberattacks were swapped to Monero. The reports also show that the North Korean military is trying to engage in crypto mining as well but the United Nations analysis are not certain if the same entity is responsible for mining the privacy coin:
"We assess that cryptocurrencies are a valuable tool for North Korea as an independent, loosely regulated source of revenue generation, but also as a means for moving and using illicitly obtained funds.’’North Korea has even considered the idea of creating its own digital currency which could potentially be used to surpass the sanctions imposed by the United States. The former Ethereum foundation member Virgil Griffiths who visited the country for a conference pleaded innocent to the charges that he was conspiring with the country to avoid the US sanctions. Virgil Griffith, the Ethereum foundation researcher has been denied bail in New York after he was initially arrested in North Korea so now he will be appealing the action. The charges against Griffith could end in giving him 20 years in a jail prison sentence. He allegedly disowned the status as an American national via text messages to members of his family which were later quoted by the US Attorney’s office.
Monero Hack Group ‘Outlaw’ Starts Targeting American Businesses
"[W]e expect the group to be more active in the coming months as we observed changes on the versions we acquired.’’Although Outlaw confined itself only to computer systems in China, Trend Micro’s report found that it was targeting businesses in the United States. The company found that the group targeted a few honeypots- a machismo that is designed to lure the hackers to attack it which was situated across the Eastern European region. The report didn’t explain where the names of the businesses that were affected by the malware. The Monero hack group also tried to steal information and to sell it to the highest bidder and the companies in the auto industry have not updated their internet security systems so they are now at high risk. Outlaw first came to light in 2018 after installing crypto-mining bots in the software of the Internet of Things devices. In 2019, Trend Micro announced that the group is attacking computer systems in China with a similar malware design that could hijack computer power to mine monero. Malware that is able to hijack the computer’s power to mine monero is not something new. In 2018, more than half a million computers were infected with a botnet that was able to mine 9,000 XMR tokens over nine months. Being a privacy coin, hackers can sell Monero without the risk of detection from the authorities.
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