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Users Warned that Mega Chrome Extension Can Steal Monero - Monero News, Price Analysis. Wednesday, September 5

05 september 2018, 17:36 by Jofor Humani

Important Monero News

Users Warned that Mega Chrome Extension Can Steal Monero

The official Twitter account of the Monero network recently posted a statement warning users that the Meg Chrome Extension has been compromised and can steal Monero (XMR). In the release, the network stated that the latest Mega Chrome Extension 3.39.4 now has functionality to steal users Monero.

Another Twitter user made another post warning users that the same version of Mega Chrome Extension has been hacked and can now catch usernames and passwords from sites such as GitHub, Amazon, Google, Microsoft portals.

Another update that came from Reddit said that an update was added to the latest version of the Mega Chrome Extension asking permission to read all data on all websites. The redditor said they checked the code of the Mega locally and suspect that the app has been hacked or that the code was altered by someone in the company.

As at the time of this report, the Mega Chrome Extention is no longer available for download.

XMR Price

The interest in Monero (XMR) has reflected in definite price movement in the charts lining up accordingly with the 38 percent to 50 percent Fib levels. At this point there is a possibility that some investors will be looking at the possibility of selling to move their profits bringing in some selling pressure.

The 100 SMA is underneath the far term 200 SMA showing that the trend may turn southwards, however the wave is showing a point of inflection indicating indecisiveness and some bullish momentum.

The 200 SMA is showing dynamic resistance ranging from $160 to $190, a clear indication that the sellers will defend this area. If the bullish pressure is sustained, XMR could test the 61.8 percent Fib effectively moving to the $200 psychological mark.

Monero Up By 12.5 Percent As More Investors Show Interest

Monero has been at the center stage of the coin market in the past days as more investors are showing interest in the coin causing the price to spike. The latest increase is coming in the wake of the report by Satis, the ICO advisory group that stated that Monero (XMR) will experience the greatest growth in future.

This is not really surprising since investors generally look out for indicators to show them where to direct their funds in a market that has thousands of options yet very little way of predicting price movement of assets.

According to the Satis report, Monero and other privacy coins will continue to be attractive to users who desire anonymity in their financial dealings. This is the original concept of Nakamoto Satoshi, the Bitcoin founder who envisioned a world in which financial transactions would be anonymous and safe. This concept has been whittled down by most cryptocurrencies such as Bitcoin and Ethereum in a bid to comply with regulatory standards.

Monero on the other hand is among the very few coins that have maintained that vision and it is obviously going to be the beneficiary as more users tend towards anonymous use of funds.

In last hours there has been a significant XMR price fall, which may be connected with the news about risk of stolen coins, but most likely it follows the shape of the rest of cryptocurrency market, which out of a sudden dropped in value.

XMR/USD Price Chart, Wednesday September 5th:

Monero XMR Price Chart

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