Incognito Market, a darknet marketplace for narcotics trading, has reportedly exit-scammed its users of their BTC and XMR.
Monero News
Monero (XMR) is a privacy-focused cryptocurrency that allows anonymous and untraceable transactions by default using various cryptographic technologies that provide strong privacy guarantees. To maintain decentralization, Monero undergoes regular protocol changes to its mining algorithm and other features every six months to avoid monopolies and cartelization.
Launched in April 2014 as a fork of BitMonero — itself a fork of Bytecoin (BCN) — Monero’s core development was driven by a group of largely pseudonymous developers led by Ricardo Spagni, also known as Fluffypony. Spagni left his role as lead maintainer of the project in December 2019 to further decentralize Monero’s core development and focus on building products and services on the protocol.
Over the years, Monero has garnered a reputation as a cryptocurrency of choice on the darknet because of its strong privacy and anonymity features that exceed most cryptocurrencies, including Bitcoin (BTC).
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Antoni Zolciak, co-founder of Aleph Zero, explains that delisting privacy-centric cryptocurrencies like Monero is the industry’s way of responding to regulations, and only projects willing to adapt may survive.
4610The upcoming Monero delisting might be a “sign of the slow demise of Binance,” according to some industry observers.
12100Finland’s National Bureau of Investigation reportedly traced Monero transactions in connection with the criminal trial of Julius Aleksanteri Kivimäki and the Vastaamo hack.
15084OKX said that the latest decision to remove a number of trading pairs was based on feedback from users and the OKX token delisting guidelines.
7752A security breach has resulted in the loss of 2,675.73 XMR from Monero’s community crowdfunding wallet. The cause and source of the breach remain unidentified.
18869Blockchain technology relies on mining algorithms, such as CryptoNight, to regulate cryptocurrency projects. Find out here what CryptoNight is and how it works.
Bitcoin price has flatlined, but TON, XLM, XMR and MKR are showing signs of bullish momentum.
3889Bitcoin price holding $26,000 could open up some bullish trading opportunities in TON, XMR, MNT and QNT.
4542Bitcoin’s narrow-range trading may end soon. Meanwhile, LTC, XMR, AAVE and MKR are showing strength.
4222Those of us in Italy and surrounding countries will be allowed to continue trading Zcash, Monero and other coins that Binance sought to condemn as unworthy.
5508Binance betrayed our interests with its decision to delist privacy coins. In the long run, it may mean that users leave Binance in the dust.
7777Binance users in France, Italy, Poland and Spain will no longer be able to buy or sell 12 privacy tokens starting from June 26.
13701It’s always been possible to store arbitrary data alongside blockchain transactions, but NFTs on Monero introduce a slew of new concerns.
7940Bitcoin and Ethereum’s ETH are finding buyers at lower levels, which may be a bullish sign for XMR, OKB and RPL.
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