In a July 3 report from HackerOne, the Monero Developer team unveiled a bug that may be used to steal XMR from exchanges. What they had discovered was that this vulnerability made it possible for an attacker to send fake XMR to an exchange, convert it into another cryptocurrency and make a withdrawal.
A bounty worth 45 XMR was given to the developers that found and fixed the bug. Interestingly enough, back in April, another bug was found and fixed relating to the Ledger hardware wallet. That bug gave an impression of missing funds in the hardware wallet. This just enforces the fact that open source is great for projects and white hat developers.
After a sound support level established at 77.510 USD on May 19 ’19, XMRUSD transitioned into a hidden bullish divergence pattern on June 12 ’19 with support set up at 81.98 USD.
The price increased by about 38.8%, then corrected the bullish swing again, entering into another hidden bullish divergence pattern on July 03 ’19, this time setting support at 82.617 USD.
We expect the XMR price to head back up towards the 121.12 USD resistance.
From the above 4-hour chart, movement started with a price decline on June 24 ’19 19:00 with resistance setup at 119.99 USD, followed by another breakdown of bullish accumulation on June 29 ’19 23:00, and finally reversing by a regular bullish divergence in combination with a breakout of bearish accumulation on July 02 ’19 19:00 (82.617 USD).
XMR increased by about 21.0% from a subsequent breakout of bearish accumulation on July 03 ’19 15:00 (85.80 USD).
Confidence towards holding the privacy coin Monero XMR also increases as we see a rapid price surge at press time.
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