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Where To Buy Monero: Get Your Privacy Cryptocurrency Today

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On the question where to buy Monero, we at DC Forecasts have a simple solution in the form of a guide that will give you the basic information on what are the most accessible places that you can purchase Monero. Let’s find out more in the Monero news today.

Buying monero is just as easy as buying any other cryptocurrency and you can even purchase it using directly your dollars or your euros. You can buy it at a huge number of exchanges and since it is a privacy cryptocurrency, it saw a huge increase in demand over 2019 so all of the exchanges were interested in listing it which made answering the question of where to buy Monero, much simpler. These exchanges are easy to use and all they require is an online bank account or an email so you will only have to create an account, deposit an amount and continue by placing your order.

Coinbase is one of the most popular choices and is a place that you can use your credit card to buy Monero. All you will have to do is sign up on the platform, buy Bitcoins with your card and once you have them, you can transfer them to exchanges such as Bittrex, Bitfinex, and Kraken where you will be able to buy Monero tokens using your bitcoins.

The advantage of this site is that you can use other several payment methods and start trading in a matter of seconds.  LocalMonero is also another good choice where you only have to enter an e-mail to register and select the right payment method so your privacy is guaranteed. The best part of this exchange is that you can find sellers in your vicinity that will accept payments in cash and others that can be paid via Cash and other payments method. It is a website where you will be able to engage in private transactions.

Bitfinex is one of the most important exchanges and was ranked among the top three based on Monero transaction volume and it is one of the best websites for purchasing Monero or trading other currencies. You can make deposits in dollars and crypto and they offer many trade opportunities. Making deposits via bank transfer and purchasing XMR is quite easy too!

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Monero News

Where To Buy Monero XMR As A New Investor

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Do you want to buy XMR but don't know where to buy Monero XMR? Relax, you are not the only one. And if you are new to XMR, you should know that this is one of the tokens with big popularity in the altcoin news. This is simply because the cryptocurrency is the pioneer and are also doing some things that no other crypto is. Without a doubt, the Monero coin is one of those and is also one of the favorite anonymous currencies out there. But where to buy Monero XMR as a new investor? Well, there are a couple of places. XMR should always be part of your portfolio if you are trading tokens because if and when governments around the world launch a crackdown on cryptocurrencies, Monero-like coins will have great use cases to offer. Anyways, below we are listing the best places where you can buy Monero. Changelly This is a great source if you are buying cryptocurrencies for the first time. It gives you an easy option to buy XMR coins. To do this, you will have to get your Monero address ready where you would like to receive the coin and have some Bitcoin or altcoins to exchange for Monero. Binance If you look up the question "where to buy Monero XMR?" on Google, Binance will certainly pop as one of the most popular exchanges out there. The truth is, Binance is the world's largest exchange by trading volume and offers XMR/BTC and XMR/ETH pairs, meaning that you can exchange your BTC or ETH for Monero (XMR). Huobi Huobi Pro is a leading crypto exchange which is active since 2013. The volume is high and the exchange is autonomous, too. The supported pairs on Huobi exchange for Monero include XMR/BTC and XMR/ETH. Bitfinex Based out of Hong Kong, Bitfinex is another place to buy Monero from. It gives users the option to trade more than 30 cryptocurrencies and pairs in exchange of USD, EUR, ETH or BTC. Gate.io Last but not the least option if you are wondering where to buy Monero XMR is Gate.io - an exchange which got a lot of traction starting the last quarter of 2017. You need to deposit cryptocurrencies like BTC, ETH to buy XMR. For more information on XMR, make sure to follow our Monero news category!  
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Monero News

Monero Improving Privacy As A Coin: How Does It Work?

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The latest cryptocurrencies news today show that there are just so many interesting coins out there but one of them is the privacy coin Monero. Many media outlets posted about the topic of Monero improving privacy as a coin but today, we are going in detail about how the coin gets a footing in mainstream commerce and finance. As the "altcoins" grow in prominence, Monero (XMR) is one of them because it allows users to conceal nearly all details of transactions. This is why XMR is known as a privacy coin and has been used for illegal purposes, too. Ever since its launch in 2014, Monero has grown to be the 12th biggest cryptocurrency by market capitalization, holding around $1.4 billion in circulation. Now, it ranks on the 14th position and its circulation is a bit lower. But how is Monero improving privacy as a coin? Well, every transaction in the network obscures the digital addresses of the senders and receivers as well as the value of the transaction. This offers users near-total anonymity and allows them to instantaneously send digital cash without leaving any clues. Bitcoin was seen a lot like opaque as the identity of the owners of digital wallets used to send and receive the coin is not public. However, details surfacing give up clues that BTC can be used to pinpoint identities while Monero is protecting the address in a unique way. More and more criminals want to be paid in Monero and while this is not a good use of the coin, it is showing that XMR has strong privacy features. The Monero news are underlying a trend for criminals to seek alternatives to Bitcoin and Bitcoin proponents say that traditional cash is also widely used for criminal activities. On top of this, Monero is also used for "cryptojacking" as another method of illicit mining which lets hackers infect computers and steal their power to mine new coins. The developers at Monero agree with this and say that "there is a clear phenomenon of the underground using Monero, and selling malware that will contribute to Monero mining." So, the concept of Monero improving privacy as a coin is big but the illegal use of the coin is also growing. Like BTC, Monero is governed by a virtual community of hundreds of developers without a centralized authority. If we want to see changes in the future, a certain crypto regulation must be put to action.
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Monero News

North Korea Is Focused On Mining More Monero Than 2019

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North Korea is focused on mining the privacy cryptocurrency Monero this year, more than it did in 2019 and it has dramatically ramped up its crypto mining efforts as per the latest reports that we have in our Monero news below in the text. While the country was mining a lot Bitcoin as well, in May 2019 it developed a plan to rapidly accelerate its Monero mining efforts, as per the reports:
"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.
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Monero Hack Group ‘Outlaw’ Starts Targeting American Businesses

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The Monero hack group ‘Outlaw’ that specializes in hijacking the computer power of the victims to mine for coins, has returned with new tools to attack businesses that are based in the United States but also Europe, as we are about to read more in the Monero news today. The Japanese cybersecurity firm Trend Micro, reported that the Monero hack group has started infiltrating Linux-based enterprise systems that are capable of hijacking computer power and mine for the privacy coin Monero which is a process known as cryptojacking. The company said that Outlaw used a combination of the pre-existing tools and new technology to monitor programs that could detect malware. With the improved malware, you can also become able to kill the existing mining bots even the previous miners in the group’s infected systems which takes out the competition and improved mining profits. Trend Micro said that the hack group’s activity started increasing at the end of 2019 after a few months of inactivity:
"[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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