At a time when privacy tools and coins have become the primary target of regulators around the world, the future of privacy-focused coins looks obsolete.
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).
BTC appears to be in the early stage of a recovery this week, and ADA, XLM, XMR and MANA could follow.13300
The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs.10598
XMR is also nearing a breakdown move led by the formation of rising wedge, a classic bearish reversal pattern.8021
BTC price continues to encounter selling pressure, but a brief rally or the start of consolidation could lead to sharp gains in BNB, XMR, ETC and MANA.11109
Russian independent media Meduza has managed to raise $250,000 in funding in order to continue providing unbiased news on the war in Ukraine.2021
XMR’s bearish setup comes as Monero prepares to launch the testnet version of its hard fork this month.3177
Bitcoin has reached a critical support zone, and if there is a bounce from this level, ALGO, XMR, XTZ and THETA could move higher in the short term.16004
Bitcoin bulls are attempting to reclaim the $40,000 level and if this happens, DOT, XMR, APE and CAKE could be the first altcoins to break out.12271
The bullish setup emerges as Monero gears up to undergo a major hard fork in July 2022.8506
A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment, as more criminal groups want only XMR.7078
Monero hard forks are meant to improve the base protocol and will not result in the splitting and creation of a new coin.11034
XMR price cup-and-handle pattern fetches a bold $10,000 price prediction for 2023.7020
Many privacy coin developers are convinced that all the necessary mechanisms to regulate AECs are already in place.11167
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss which coins you should consider buying in a bear market.15492