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!
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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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