Latest updates from Monero (XMR): XMR detects consolidation and new malware appears
Last weekend, Monero (XMR) recorded a decline in prices. The price was somewhere around $ 47, and fell below $ 44.
XMR affects consolidation
The token managed to lose about 5% of the market value in more than 24 hours.
While this bearish momentum persists for money, XMR seems to have achieved consolidation.
The privacy-oriented currency has been pulled down in recent days by a constant downward pressure that has continued around, but a slight upward pressure has meant that prices entered the consolidation phase.
BCFocus notes that the current resistance level for XMR is $ 44.5.
Monero could become the standard for anonymity, as money is the ideal choice if you like freedom of information. This is mainly due to its strict privacy features.
XMR is the best choice for investors who want to keep their transactions safe from hacks. But XMR has also made news on cybercriminals, because it seems to be their favorite currency for me.
Monero has recently made headlines after his reputation has been wiped out by hackers and cybercriminals.
A new document mentioned by Blockchain Reporter has analyzed the actions of illegal encryption.
The newspaper has just been published by Sergio Pastrana, of the Carlos III University of Madrid and Guillermo Suarez-Tangil, of the King & # 39; s College of London.
According to the report, Monero (XMR) seems to be the most affected digital resource with 4.3% of its total illegal extraction.
There was also a new malware that hovers around, which uses a really worrying trick to avoid detection and encryption on cloud servers, according to Coindesk's latest reports.
Researchers at Twi Xingyu Jin and Claud Xiao, who collaborate with the cybersecurity company Palo Alto Networks, have published a report describing and explaining that the new Rocke group malware targets public cloud infrastructures.