Monero’s crypto of choice as ransomware ‘double extortion’ attacks increase 500%
A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment, as more criminal groups want only XMR.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment, as more criminal groups want only XMR.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Tether Q3 Profit Hits $1.5B While USDT Reserve Buffer Nearly Doubles to $8B
Key Takeaways: In Q3, Tether achieved an operating profit of $1.5 billion. Reserve assets rose to almost $8 billion. U.S. Treasury...
Polygon Extends Open Money Stack to Solana for Stablecoin Payment Flows
TL;DR: The company said customers can fund accounts through bank transfers, cards, cash or digital assets, then route supported to...
Circle and ACI Bring USDC Settlement Into Latin American Payment Operations
TL;DR: ACI Worldwide and Circle announced a collaboration on October 27 to demonstrate how USDC settlement can fit into payment sy...
THORChain pauses operations after Ethereum reorg triggers double refund
The incident highlights the vulnerability of cross-chain protocols to blockchain reorgs, impacting their reliability and complicat...
1kx report finds tokenized assets and payments now out-earn blockchains
The shift towards tokenized assets and payments signals a growing integration of blockchain with real-world applications, impactin...
Tether posts $1.5 billion Q3 profit as reserve buffer nearly doubles
Tether's robust profit and reserve growth enhance its stability, but its reliance on interest rates ties its fortunes to market fl...