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.

dd - Monero Price Is Up – The Coin Is Trading In The Green Following (XMR) Deposits & Withdrawals Re-Opening On Bithumb

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.

cryptojacking 1 - Monero Price Is Up – The Coin Is Trading In The Green Following (XMR) Deposits & Withdrawals Re-Opening On Bithumb

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.


Companies Mentioned

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CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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