Monero

The Internal Revenue Service is splashing out $1 million as it attempts to find a way to trace transactions made using the privacy coin Monero. Monero is one of the hardest privacy coins to trace (Photo: Monero) Crypto intelligence firm Chainalysis and the data analytics company Integra FEC will each receive an upfront payment of $500,000 so they can begin developing their proposed tool. If their technology subsequently passes rigorous testing and is approved for wider use, the… Source link

Both Monero and Binance Coin continued to improve their standings in the market, as they attempted to regain control over key resistance levels. Moving averages for Binance Coin also confirmed the presence of bullish momentum. The Basic Attention Token (BAT) was seen consolidating near its support levels. Further with a persistent downtrend, a bearish outlook was prominent in BAT as it lost control of a crucial resistance level earlier in the month. Binance Coin [BNB] Source: BNB/USD on… Source link

First episode of Monero TV is broadcast about its increased darknet market presence. New library for development involves Monero Core C++ code. Independent working group Monero Outreach has launched Monero TV, a product dedicated to the dissemination of news and content on the privacy coin. Monero TV has been created in keeping with Monero Outreach’s mission to educate people about Monero through “wide range of media outlets”. Monero TV has been defined as a “bootleg” station,… Source link

There is still a level of uncertainty surrounding the Monero project Internal Revenue Service is seeking a tool that can be used to trace privacy coins like Monero As long the price of Monero is above $80 this cryptocurrency is not in the “sell” zone If the price jumps above $100 it would be a signal to buy this cryptocurrency and we have the open way to $110 The price of Monero (XRM) has advanced from $61 above $105 in less than three months and the current price stands… Source link

Bitcoin Dominance rose to 61.66 and could rise to 64 in the coming weeks and at press time the world’s largest cryptocurrency is being traded at $10,436. Source: CoinStats Altcoins like  Bitcoin SV could be set to bounce off a level of support but was more likely to sink beneath the same level in the near-term. Monero showed its uptrend was at an end and could lose a level of support while BAT showed indecisiveness in the near-term but was likely to be headed south. Bitcoin SV [BSV] Source: Source link

Monero fell through a bullish channel to test support after showing a bearish divergence, and it appeared feasible that the price would break beneath the support level as well. Crypto.com Coin invalidated a bullish pattern as it dived past a level of support. IOTA slid ever lower on the charts, in continuation of its trend in the past month. Monero [XMR] Source: XMR/USD on TradingView The cyan arrow highlights indecision in the market as price threatened to break beneath the channel. Bulls… Source link

Bitcoin Bitcoin rallied by 5.84% in the week ending 20th September. Following on from a 0.54% gain from the week prior, Bitcoin ended the week at $10,934.5. It was a particularly bullish start to the week. Bitcoin rallied from a Monday intraweek low $10,259.0 to a Saturday intraweek high $11,185.0. Steering clear of the first major support level at $9,935, Bitcoin broke through the first major resistance level at $10,675 and the second major resistance level at $11,019. It was a bearish end to… Source link

Monero developers and Perkins Coie present Whitepaper after 18 months of work. Whitepaper concludes that the use of Monero presents less risk to authorities than other payment methods. Former Monero (XMR) lead developer Riccardo Spagni, known in crypto space as ‘Fluffypony’, has presented the result of more than a year’s work. Together with the law firm Perkins Coie and developers from Tari Labs, the whitepaper “Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies”… Source link

Source: Adobe/alswart Exploring an issue that continues to spur controversies in the more traditional circles of global finance, a new white paper by international law firm Perkins Coie claims that regulated financial institutions can ensure compliance with anti-money laundering (AML) obligations when supporting privacy tokens. “This 40-page report is the most comprehensive to-date on compliance and Monero and will greatly assist adoption of XMR!” the team behind the most popular… Source link

The IRS want to trace Monero transactions, which – unlike Bitcoin – are entirely private Cracking Monero could help the IRS trace those who have avoided paying tax, and assist in criminal investigations Do you think you can crack Monero’s layers of privacy? The IRS would like to hear from you. Monero (XMR) is a famously privacy-centric cryptocurrency, with features built into it from its inception that claim to make transactions untraceable and completely private, hiding the details… Source link