Monero Price Bottoming and Breaking Out?

Monero - A Rising Crypto Star? Monero has been a rising star in the cryptocurrency world in the first part of 2014. This was before it plunged from its high of 58100 Satoshis to 9100 Satoshis on December 17, 2014. This big decline resembles a percentage drop of -82.16%.  The Monero price decline is a prominent example of the “pump and dump” reality in the cryptoworld: New altcoins get hyped up by large holders. This creates broad awareness. Then, altcoin traders and speculators jump on board and the price rallies. Finally, large holders dump the coins and cash in. And as a …

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What the Hell is Going on with Monero?!

by Chandler and Adam Wyatt The Discovery On July 24, 2014, bitcointalk.com member BitcoinEXpress (“BCX”) replied to a thread on the bitcoin-focused forum indicating that in under two hours he had discovered and gained possession of an exploit in the codebase of Monero (XMR). He gave no indication that he intended to use the exploit to attack the coin until other forum members started to confront him as to the veracity of the claim.  Don’t worry, it gets MUCH stranger… Fast forward July 26 when BCX posted a reply reiterating that he had no intention of attacking the coin, although …