Bitcoin could pick up momentum above $56,100 and that could attract buying in DOT, UNI, LINK, and XMR.
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).
“I am actively working with my attorneys on a way to return to South Africa as soon as possible so I can address this matter and get it behind me once and for all,” said Riccardo Spagni.8887
Smart contract capabilities are rendering old-school megalithic crypto projects obsolete as blockchains evolve beyond just being a medium of exchange.20118
The Monero Project introduced a new trustless way to exchange between Monero and Bitcoin last week.13338
An arrest warrant for Riccardo Spagni was issued on July 20, 2021, at the request of the South African government. He was apprehended the same day in the United States.31555
Bitcoin’s sharp rally brought out the bulls, and if the momentum continues, UNI, LINK, SOL and XMR could move higher.18334
Monero developers are working on a software fix for a newly identified bug that may expose the occurrence of an output transaction made right away after receiving funds.6287
If Bitcoin price remains in the current range, ADA, THETA, XMR and AMP could bounce higher over the coming days.41212
MATIC, EOS, XMR and AAVE could rally higher over the coming days if Bitcoin price can sustain within the $30,000 to $33,000 support zone.80573
Monero’s surge amid cryptocurrency taxation news adds to an 84% bounce since the recent market crash.17216
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.63817
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.40420
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.58145
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.80079
Bitcoin is not as private as people might think, but multiple other assets that come with anonymity-boosting features do exist.24354