Home / Others / Monero is on the crosshairs for another hacking scandal, but XMR / USD has not been changed so far

Monero is on the crosshairs for another hacking scandal, but XMR / USD has not been changed so far

  • XMR / USD is in a narrow range, well supported by the DMA50.
  • Hackers like to hijack other people's devices on my Monero.

Monero (XMR) is changing hands to $ 111.65, the minimum reached this week $ 103.33. The tenth largest currency by market capitalization has not changed since yesterday due to the decline in volatility. Monero's market value was $ 1.8 billion with daily trading volumes of $ 37 million, which is approximately in line with long-term average amounts.

In the meantime, Monero found himself in the crosshairs for another hacking scandal. According to the latest Cyber ​​Threat Alliance research, cybercriminals are undermining Monero and other currencies by exploiting the US government software vulnerabilities stolen last year.

The software in question is the Eternal Blue tool that allowed hackers to find the flaw in obsolete Microsoft Systems software and to subtract the computing power of unsuspecting users from digital coin generation.

In July of this year, about 85% of all illegal mining encryption activities were related to Monero, while Bitcoin's share was just 8%, the report showed .

Monero technical photo

On the daily chart, XMR / USD is currently supported by DMA50 at $ 105.68. The currency has been trading above this level since September 13th. The upside is limited by DMA100 currently to $ 117.70. The "Hammer" formation that appeared on September 12 was not able to translate into a long recovery, which could indicate that the bullish momentum has vanished. A steady growth above DMA100 and $ 120.00 will reinvigorate the bulls and pave the way to the recent recovery maximum at $ 141.92.

On the downside, a sustainable move below $ 105.68 will cause more sell-offs to $ 100 psychological and the recent low to $ 96.54.

XMR / USD, the daily chart

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