Bitcoin price remains pinned below $50,000 but the drop in BTC dominance could propel ETH, BNB, XMR and CAKE higher over the short term.
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).
Monero's price is closing in on its 2017 all-time high as network upgrades, atomic swaps and real-world integrations catch the attention of retail and institutional investors.36934
Traders appear to be waiting for a trigger to start the next leg of Bitcoin's uptrend and if that happens, XLM, MIOTA, XMR and XTZ could join the party.57077
If Bitcoin can hold $58,000 as support, altcoins like ETH, VET, XMR and FTT may resume their uptrend and hit new highs this week.79319
Bitcoin is not as private as people might think, but multiple other assets that come with anonymity-boosting features do exist.22383
Privacy coins such as Monero, Dash and Zcash are beginning to show signs of life.22401
Bitcoin is facing minor resistance near $50,000 but if this psychological barrier is crossed, a major breakout could occur in select altcoins.91463
The Monero community has raised $150,000 as part of a proposal to add XMR as a payment option on the Tesla website.16077
More than 53 blockchain projects have emerged as multi-billion dollar market cap crypto unicorns, a signal that the 2021 bull market is just getting started.64372
The malware campaign has not been active since it was first detected in January, leading researchers to believe that it "may still be in the reconnaissance and weaponization stage."9721
The world's largest cryptocurrency asset management firm could be set to dip its toes into DeFi after filing five new coin trust registrations.21980
Bitcoin has broken its all-time high and has more than doubled in value at the peak, but why have some other coins failed to keep up?19563
Can privacy coins be better managed to satisfy both law enforcement interests and those who like the greater anonymity they provide?43760
A wrapped version of the XMR privacy coin has launched on the Ethereum network.16076
Coinbase is the latest company to go public with its concerns regarding the U.S. Treasury proposal on crypto wallets.27140