Monero Price Is Up – The Coin Is Trading In The Green Following (XMR) Deposits & Withdrawals Re-Opening On Bithumb
Monero is finally trading in the green on CoinMarketCap. At the time of writing XMR is priced at $90.16 and the coin has a total market cap of $1,466,548,145 USD / 228,546 BTC.
Monero (XMR) deposits and withdrawals resumed on Bithumb
This comes after the great news that Bithumb decided to resume its XMR deposits and withdrawals along with more crypto operations.
The leading crypto exchange platform in South Korea was hacked back in June, but it managed to get back on track by now.
Yesterday, Bithumb representatives announced the following: “As the market prices of the following two cryptocurrencies, Monaco (MCO) and Monero (XMR) are getting stabilized with the prices differ less than 10%, we will reopen deposits/withdrawals services for them on August 14th (Tuesday), 2018, at 3:00 pm KST.”
The platform actually planned to re-open Monero (XMR) services since the beginning of the month, but, unfortunately, due to the high price difference and instability in the Monero market, Bithumb had to postpone the XMR operations on the platform until yesterday, August 14.
Users who would like to deposit their Monero (XMR) holdings on Bithumb will have to use the new deposit addresses the cryptocurrency exchange created.
Monero attacks to surge in 2019
Other than this, there’s also some bad news regarding the future of Monero, at least according to a recent report coming from Cyber Threatscape.
It seems that hackers boosted the deployment of crypto mining malware in 2018, but the crypto jacking tendency is set to increase even more in 2019 with Monero (XMR) being the leading target due to its privacy and anonymous transactions properties.
According to the latest Cyber Threatscape report, the 2019 crypto jacking attack would mine XMR.
The main reason for this is that XMR is currently the most popular and dominant privacy cryptocurrency and its privacy-related features make it ideal for crypto jacking cyber attackers.
Who brought home the bacon in 2018? We've picked out 11 of the best ICOs from 2018 in terms of their return....
| November 1, 2018
Monero (XMR), as well as other significant cryptocurrencies in the market, experienced a very tough period c...
| September 12, 2018
When you need to make a crypto to crypto exchange, you usually browse the Internet and see a huge number of ...
| May 9, 2018
We are standing on the cusp of a new period in global finance. The potential for blockchain and shared hyper...
| April 25, 2018
With cryptocurrency adoption ramping up in enterprise and merchant applications, much of the focus has been ...
| April 22, 2018