Despite negative mining malware press, data protection -oriented crypto monero increases by 36% in 2 weeks - markets and prices

Despite negative mining malware press, data protection -oriented crypto monero increases by 36% in 2 weeks - markets and prices

The data protection-oriented crypto-asset Monero has recorded considerable growth in the past two weeks and has increased by $ 36 % compared to the US dollar. Despite the negative press from the "Spider-Man: No Way Home" scores with Monero mining malware, seven-day statistics show that the crypto asset has increased by more than 21%.

Monero sees double-digit profits in the middle of mining malware headlines

The data protection-oriented digital currency monero (xmr) has recorded double-digit growth this week, while most of the crypto economy suffered losses and experienced a phase of consolidation has. Only recently, xmr made headlines after a cyberproof company warned that torrent files that contain the film "Spider-Man: NO Way Home" can contain malignant monero mining malware.

MINING MALWARE reports have been plagued by the Monero Community for years because there are some applications that hijack the CPU of a victim and then dismantle Monero without the victim noticing it. The action is sometimes as " cryptojacking ."

The previous course of the year, monero (xmr) has increased 58% compared to the US dollar and the crypto-asset has a market capitalization of around 4,4 billion US dollar and is therefore up 44th place of 12,135 crypto-assets. xmr represents 0.19 % of the crypto economy of $ 2,3 trillions on January 1, 2022.

Despite negative mining malware, data protection oriented crypto Monero increases by 36%
xmr /USD chart on January 1, 2022.

xmr target = "_ blank" class = "lar-automated-link" href = "https://markets.bitcoin.com/crypto/usdt" rel = "noopener"> usdt ) with 42% of all trades is the largest trading couple of the assets. It follows btc (18.39%), eth (7.83%), USD (5.94%), EUR (3.35%), GBP (2.32%), and JPY (2.32%).

monero ( xmr ) is an open-source network based on Kryptonote technology, which was written by Nicolas van Saberhagen in 2013. The blockchain network should be obscured, but the blockchain surveillance company Ciphertrace claims Monero tracing functions.

The data protection techniques of the project include hiding IP addresses, ring signatures , zero-knowledge-proofs, bullletproofs and stealth addresses. At the end of August 2021 A Monero developer announced btc to xmr atomic-suwap- skills. In addition, monero (xmr) is used in a number of Darknet marketplaces.

Monero also sees numerous data protection coin competitors such as horizont (zen) , line (dash) , and zcash (zec). Zen, for example, has increased 438% compared to the US dollar since the beginning of the year and increased ZEC by 130.8% last year.

What do you think that Monero has increased by 36% compared to the USD in the past two weeks in the middle of the mining malware reports? Let us know your opinion on this topic in the comments below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a Finanztech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


Bedy verification : Shutterstock, Pixabay, Wiki Commons