Monero

Despite the growing popularity of cryptocurrencies and continuous innovation in the industry, there are several serious issues that plague the crypto world, including security, privacy, and processing speed. There are many hacks being reported frequently, which really lowers the trust in certain platforms and cryptocurrencies, especially for crypto newbies. However, with new crypto projects trying to establish in the sector, some of them are focusing on solving… Source link

Monero [XMR] performed impressively over the last 24 hours with a 6.28% uptick. On the previous day (10 August), the XMR price was $159 as per CoinMarketCap. At press time, it was trading at $168.16, drawing attention and possibly on its way to another solid performance like it did in July. Before now, Monero had been involved in several proposals—making moves to transition from one network to another. Additionally, the private cryptocurrency made its network upgrade a… Source link

The latest hardfork on Monero will bring key improvements in terms of network efficiency and performance. Binance said it will support the hardfork by handling all technical requirements involved for all users holding XMR in their Binance accounts.  Privacy blockchain network Monero has announced that it will undergo a network upgrade this week on August 13. This will be nothing but a hardfork in… Source link

The global crypto market has resumed its gains after facing a bout of stark bearishness. The change in the market has resulted in its leap to new highs. The value of Bitcoin, Ethereum, and others saw a speedy growth. The recent few days had brought the market to lows affecting various coins and tokens’ prices. As it has resumed gains, it will also attract investments, consolidating the coins. It is yet to be seen how long this bullishness will continue. Ripple is considering plans to buy… Source link

Monero (XMR) gets a bullish rating from InvestorsObserver Wednesday. The crypto is up 6.65% to $167.1 while the broader crypto market is up 3.54%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over… Source link

Monero receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is… Source link

On 8th August 2022, the US Treasury Department imposed sanctions on USDC and ETH addresses linked to Tornado Cash. The mixer, as such, was involved in few recent hacks in the DeFi world, including the Wormhole attack in February, the Ronin network hack by the North Korea-affiliated Lazarus Group in March, and the Horizon bridge attack in June. The body revealed that individuals and groups had used Tornado Cash to launder more than $7 billion worth of crypto since 2019. Read More:

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. Bitcoin has broken out of its trading band (USD 19,000- USD 23,000) and through the resistance of the 50-day moving average on the daily chart. The United Kingdom continues in its efforts to establish a regulatory framework for cryptocurrency, and Jerome Powell stated that the most recent rate hike would be the last… Source link

Monero Classic receives a strong long-term technical score of 73 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMC currently holds a superior long-term technical… Source link

Monero [XMR] was among the few crypto-assets to take full advantage of the bullish retracement in July. Seeing its price hike from $118 to $154, July saw the altcoin record a 30% uptick. According to data from Santiment, while the rest of the cryptocurrency market suffered at the hands of the bears in June, XMR has rallied gradually by over 41% since the middle of that month. Additionally, on 5 August, on-chain data revealed that the crypto flashed a massive spike in its… Source link