Monero

The Monero price was not left behind in the recent cryptocurrency rout. The XMR is trading at $246, which is about 20% below the highest level on Monday. It has a market cap of more than $4.4 billion, according to data compiled by CoinMarketCap. What happened: The recent price action of Monero has been relatively surprising. The coin has dropped by more than 52% from its all-time high. This is despite some good news for the coin. For one, the number of ransomware… Source link

Monero Receives Anonymous 1711 XMR Donation Worth $500K The Monero team has received a $500,000 donation from an unknown donor. Monero will use the $500K donations to support its network development. Monero will publish a transparency report this month. Privacy-focused crypto project Monero has announced that its General Fund has received a donation of 1711 XMR from an unnamed donor. Roughly, the 1711 XMR received is worth around $500,000. We’re delighted to share that our General… Source link

2021 saw Monero climb by over 250% on the charts in just over 4 months. That’s an extraordinary hike, one comparable to the hikes noted by the rest of the market’s alts. In fact, such was the scale of Monero’s performance between January and the first week of May that XMR climbed to a 3-year high too. At the time of writing, however, it was a different story altogether. On the back of the wider market’s corrections, XMR lost almost 60% of its value between 10-19 May. While the… Source link

Monero XMR / USD offers you as a merchant the ability to hide the origin of transactions, as well as your identity as a sender or receiver. The interesting part about Monero recently is the fact that many websites that accept cryptocurrency payments will offer consumers a discount when paying with XRM. According to Cryptwerk, as of June, there are 988 merchants accepting Monero as a payment method. This, in turn, has boosted the currency’s appeal, which has raised its price as a… Source link

Bitcoiners can now swap BTC for Monero‘s (XMR) privacy coins without the need for a trusted intermediary, thanks to atomic swaps developed by an Australian team. The tools developed by CoBloX, a five-member blockchain research team based in Sydney’s Northern Beaches, allow strangers who don’t trust each other to safely swap their Monero tokens for Bitcoin and vice versa. In simple terms, the funds are locked away cryptographically and if both parties don’t complete the… Source link

Australia-based COMIT Network, a research and development (R&D) workgroup, recently announced that “trustless” atomic swaps between Monero (XMR) and Bitcoin (BTC) are currently live on Mainnet. According to a release, this allows users to trade XMR for BTC without having to trust a third-party or intermediary (or even the trading counterparty). Users are able to seamlessly conduct trades globally without using a “regulated” financial institution. The XMR digital currency is… Source link

SHERIDAN, Wyo., May 28, 2021 /PRNewswire/ — COMIT Network, an Australian research and development workgroup, have announced that trustless atomic swaps between Monero and Bitcoin are now live on mainnet. This allows users to trade XMR for BTC without needing to trust an intermediary or the trading counterparty. Users can more easily trade worldwide without using a regulated financial institution. The Monero cryptocurrency is best-known for its private and fungible properties. Unlike other… Source link

Since the launching of Bitcoin in 2009, many alternative cryptocurrencies have emerged into this young space. Among the cryptocurrencies include Ethereum that debuted in 2015, Monero in 2014, and Dogecoin in 2013. Today, let focus on Monero. Monero attracted users in its early days due to its privacy features. It was widely used in the darknet markets to purchase illicit products and services. Apart from purchasing products, crypto is used… Source link

Monero (CRYPTO: XMR) sold off over 60% on Wednesday in sympathy with Bitcoin (CRYPTO: BTC) following an announcement from the Chinese government regarding its plan to crack down on Bitcoin mining and trading. On Thursday and Friday, Monero staged a big recovery and surged almost 150% from its Wednesday low of $136.35 back up to $338.79 before retracing slightly. See Also: Bitcoin, Ethereum Chart Major Recovery But These Cryptos Are Striking The… Source link

Coinciding with news that United States President Joe Biden’s proposed tax plan would require tax reporting on business transactions exceeding $10,000, the value of privacy coin Monero (XMR) climbed 31% on Friday. Biden’s American Families tax plan would require exchanges and custodians to implement tighter reporting measures to help detect tax evasion and money laundering. Banks and financial institutions would also be required to report account inflow/outflow information to the Internal… Source link