Monero

XMR developers, and the whole team at large, are ready and in high gear to fork their network on Saturday, March 9th 2019 in order to lower the effectiveness of ASICs (application-specific integrated circuits). The hard fork might cause a change to the Monero proof-of-work (PoW) algorithm and also lower the hash rate competences of ASIC miners by a significant factor of over 2.5.

Monero (XMR), the 14th largest Crypto by market cap, has confirmed its position as the most famous token with cryptojackers, even surpassing Bitcoin (BTC) – the world’s leading cryptocurrency. Monero is currently trading at $45.65 USD (-14.16%) and its market cap is $762.3 USD million.

Ransomware has always been the main means of getting access to easy money for cybercriminals. However, the tendency shifted since new powerful financial technology began to evolve. Cryptocurrency mining platforms, especially those focused on Bitcoin and Monero, have become the favourite victims of malware programs.

The creators of Monero (XMR) know it as the "burning bug" and they might have done nothing about it if a faceless user hadn't posed a clumsy hypothetical query on the crypto's subreddit last month.

Expert cryptography researchers have encouraged the Monero community to donate XMR to further the development of the popular anonymous altcoin Monero.

Recently, security experts found that hackers are currently mining for Cryptos with the help of smartphones. The Daily Mail on Wednesday, August 22, reported the increasing risk and pointed out the need to effectively protect and secure user's smartphones.

The Next Web's in-house crypto column recently reported that Monero, the paramount privacy-centric crypto, was subject to a  somewhat minor cybersecurity vulnerability.

A report submitted by the researchers of Palo Alto Networks has shown that over 5% of all Monero digital currency currently in circulation has been mined with the elp of malware. More than 2% of the total hash rate per day is created by the devices infected with cryptocurrency mining hardware.

A new cyber threat on the block that is more slippery than anything we have observed before  has emerged and that's why it's currently the malware of choice for hackers all over the African continent.