In this edition of The Daily, the creator of the in-browser crypto mining software Coinhive is closing down due to the low prices of monero and its forks. Also, $7.7 million of Eos has been stolen by a hacker and the crypto entrepreneur behind the money-throwing stunt in Hong Kong last year has been arrested for fraud.
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Coinhive Discontinues Monero Miner
Coinhive, the creator of the in-browser cryptocurrency miner that has become instrumental in numerous cryptojacking campaigns, as well as in many funding projects with noble causes, is closing down. Its team explained that due to the current price of monero, the main cryptocurrency the software mints, as well as the drop in its hash rate after the last fork, mining is not economically viable anymore.