These past few months Monero is facing increasing attacks on multiple fronts.1. Spam and Doxing campaign to discredit Monerohttps://https://ift.tt/39JwU2N. Several targeted DOS Attack in a month utilizing sophisticated zero days against mining nodeshttps://https://ift.tt/39Lkk2R. Exchanges delisting XMR due to governments pressurehttps://www.reddit.com/r/Monero/comments/fyini7/huobi_korea_delists_monero/https://www.reddit.com/r/Monero/comments/koexu5/montero_delisted_from_bittrex_on_jan_15th_thats/4. IRS open bounty for Monerohttps://https://ift.tt/3ur7IpI. ChainAnalysis report on Darknet transactionshttps://blog.chainalysis.com/reports/2021-crypto-crime-report-intro-ransomware-scams-darknet-marketsCompletely left out Monero, though it is currently the only currency accepted by the largest darknet marketplace, WHM (White House Market). However ChainAnalysis did manage to raise 100 MM USD in their series D recently, bringing their valuation to just over $2 B USDhttps://blog.chainalysis.com/reports/series-d-announcementThink about that, a company whose only product is logging and tracking crypto transactions is valued in the billions by investors. It's likely they will be providing real time blacklisted address info with exchanges and mining companies to only allow fully compliant transactions to be processedhttps://cointelegraph.com/news/the-blacklist-marathon-only-mining-fully-compliant-bitcoin-transactionsThey aim to make email like this more commonHi Francisco,Thank you for being a valued BlockFi client. Our blockchain forensics platform detected your deposit on 11/20/2020 as having exposure to a P2P Exchange. Such a source falls under BlockFi's prohibited uses. Please be mindful of your deposit sources in the future.If you believe you've received this warning in error, please provide proof of deposit source.Best,BlockFi Investigations TeamRegards, Alyssa Robertshttps://https://ift.tt/3dtG7go company, Cipher Trace, raised 18MM USD and several undisclosed grant from the DHS(Department of Homeland Defense) for the sole purpose of tracing Monero transactions. They've filed some patents but all of it entails some sort of probabilistic methods, nothing deterministic, ie by pretending to be a Monero node using timing and ip information they may be able to narrow down the suspected address to a few hundreds addresses only under very specific circumstances that rarely happens in the real world.XMR Price chart exhibits very unusual propertieshttps://preview.redd.it/wv34xnshgcr61.png?width=1634&format=png&auto=webp&s=9d7a1eb37d167d3f483b6d51e6d5f841cb0e4b44https://ift.tt/3dGWAOK follows a very specific 24H retracement pattern. Some posits that there may be an inflation bug or an early whale liquidating his XMR holding, that would not make sense assuming the actor is rational and seeks to maximize gains. Why would any whale do this unless he aims not to profit but instead to suppressAnd there's thisSHORT INTEREST on Bitfinexhttps://preview.redd.it/mkwoyepigcr61.jpg?width=1094&format=pjpg&auto=webp&s=72c7e5530b3d894b4f32660d2ba1e5f8945ed0f9https://ift.tt/3wsL69P the short vs long ratioSYMBOLSHORT RATIOXMR170%ZEC1.7%BTC5%XRP2%On Bitfinex 34k XMR (170% of longs) are sold short, or about 8.5 MM USD at current prices. Unlike $GME, crypto exchanges are not like the regulated securities exchanges, shorts don't need to Locate the borrow and there are no Failure to delivers report by the SEC. Thus if some crypto exchanges are colluding with the shorts, there won't be any margin call short squeeze, unless a significant number of people actually start withdrawing XMR from the exchange.Furthermore, the recent Geopolitical instability in the caucus is actually bullish for XMR, as several Ukrainian elites have been known to stockpile it.https://ift.tt/3cRn94w take on this is that a group of people are buying time, trying to slow down XMR mass adoption, because unlike other cryptocurrencies it can not be easily co-opted into the current world power structure. Governments around the world would have to give up a large chunk of the control (and taxes) they currently enjoy if XMR becomes mainstream.I believe they would continue to do these attack until either of the following happensThey are able to crack or trace Monero transactionsORMonero adoption becomes so widespread that it makes continuing the attacks futile or prohibitively expensive
Submitted April 05, 2021 at 07:03PM
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