Monero

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The privacy focussed cryptocurrency, Monero, has entered the highly-anticipated “tail emission” that aims to provide a perpetual incentive to miners. The focus will be to “keep fees reasonable, ensure a lower bound of network security, and enable dynamic block sizes.”
Securing Monero Network Forever
As per the halving model of Bitcoin and other Proof-of-Work (PoW) blockchain networks, the mining reward will eventually reduce to zero. Following this, the network hash rate may decrease significantly as transaction fees alone will not be enough for miner profits. If they lose the incentive to mine, the network’s security will be at stake.
Monero’s tail emission aims to address this critical issue to maintain healthy network usage. As such, tail emission is designed to ensure that a dynamic block size and fee market can develop by implementing a linear fee of 0.6 XMR instead of allowing the block subsidy to go to zero to bring down the dependency on the transaction fees.
Subsequently, this mechanism is expected to help the privacy-focussed digital asset to provide a healthy incentive for miners while ensuring a decentralized future.
This is expected to make XMR “disinflationary” with its supply “perfectly known, predictable, and able to be projected” at any point in the future.
While explaining the potential risks and attack vectors in the future fee market of Bitcoin, Monero stated,
“This tail emission means that Monero miners are not 100% reliant on transaction fees, and so can guarantee a specific income for themselves regardless of the fee market. This security and assurance for miners is a big departure from Bitcoin’s security model.”
Privacy Concerns
The recent upgrade comes as “privacy” remains a controversial subject matter in the industry. A Reuters investigation earlier claimed Binance acted as a “conduit” to launder funds worth a whopping $2.35 billion and that Monero was leveraged by bad actors using the exchange.
Monero is slated to undergo a hard fork in July this year to enhance the base protocol and not result in the splitting and creation of a new coin. The upcoming hard fork is its fifteenth software version (v15) which will upgrade the privacy and general performance of the network.


Monero's "tail emission" upgrade is set to mark a "big departure from Bitcoin's security model."

cryptopotato.com

Monero’s Tail Emission: Everything You Need to Know

Former Monero lead maintainer, Riccardo Spagni, faces over 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities he allegedly committed when he was still employed by Cape Cookies. 
Fluffypony Pleads Not Guilty
The so-called crypto mogul and former Monero lead developer, Riccardo Spagni, has been charged with 378 counts of fraud by the South African government, a report has said. The charges follow allegations that Spagni defrauded his former employer of more than $93,500 (R1,453,561). The crimes are alleged to have taken place between October 2009 and June 2011.
As previously reported by Bitcoin.com News, Spagni was arrested in Tennessee by U.S. law enforcement. The lead maintainer’s arrest stems from a warrant that was issued by a South African court when Spagni, who is also known as “Fluffypony,” failed to make a routine court appearance.
Spagni, who has since pleaded not guilty to the charges, is accused of cheating his former South African employer, Cape Cookies, by inflating the amount of money that was due to the supplier. According to one report, the former Monero lead maintainer would then ensure that the funds would be transferred to a bank account that he controlled. Once the payment was made, Spagni would then transfer the actual amount that was due to the supplier and retain the balance.

Spagni Waives Right to Extradition Hearing
As per court documents filed in May 2022, the former developer is now facing 126 counts of fraud or contraventions of the VAT Act. He also faces “126 counts of forgery [and] 126 counts of uttering.” Attempts by Spagni’s lawyers to have the documents struck from record were reportedly rejected by a U.S. court, a report said.
Meanwhile, the revelation of the South African government’s charges against Spagni came just a few days after the former Monero maintainer reportedly waived his right to an extradition hearing. Also, in an affidavit reportedly filed on May 25, Spagni is said to have asked the U.S. court to hasten his extradition to South Africa.
What are your thoughts on this story? Tell us what you think in the comments section below. 



























Former Monero lead maintainer, Riccardo Spagni, faces over 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities he allegedly committed when he was still employed by Cape Cookies. Fluffypony Pleads Not Guilty The so-called crypto mogul and f...

news.bitcoin.com

South Africa Charges Former Monero Lead Developer With 378 Counts of Fraud and Forgery

Following a bearish start to the day, XMR climbed to a two-week high during today’s trading session. Gains in monero come as LRC also saw its price move higher, rising for a fifth consecutive day, as it approaches a multi-week high of its own. 
Monero (XMR)
Monero extended a recent bullish streak during today’s session, with prices rising to a two-week high as a result of strong gains.
XMR/USD hit an intraday peak of $204.69 earlier in the day, which is over $10 higher than yesterday’s low.
Today’s rally comes as prices have now risen for six out of seven sessions, with today’s the highest XMR has hit since May 9.

On May 12, prices declined to a bottom of $112.98, which was a fifteen-month low, however since then, we have seen significant rebounds.
This resurgence in price is encapsulated by the ascending triangle currently shown on the chart, however prices now look to have landed at a resistance level.
Resistance at $205 has so far held firm, with the RSI tracking at its own ceiling of 55.
Should we see a breakout from this ceiling of 55, then bulls will likely target take profits at $230.

Loopring (LRC)
LRC made a run for its long-term resistance level on Wednesday, as prices rose for a fifth day on the bounce.
Today’s run saw LRC/USD rise to an intraday high of $0.60, which is over 10% higher than yesterday’s low of $0.5207.
As a result of Wednesday’s surge, LRC is now marginally below its long-term resistance level at $0.6210.

To start the week, loopring broke past this ceiling, hitting a two-week high of $0.6742 in the process, and it appears as if it could be headed back there.
One obstacle in the way of this will likely be the ceiling of 50, which hasn’t been broken in just over two months.
Should this happen, there will likely be an influx of bulls pushing to take prices back towards $1.00, after falling below this last month.
Do you expect LRC to hit $1 in June? Let us know your thoughts in the comments.



























Following a bearish start to the day, XMR climbed to a two-week high during today&#x2019;s trading session. Gains in monero come as LRC also saw its price move higher, rising for a fifth consecutive day, as it approaches a multi-week high of its own. Monero (XMR) Monero extended a recent bullish ...

Biggest Movers: XMR Hits 2-Week High, LRC Climbs for Fifth Straight Day

A popular crypto analyst is naming the top five most decentralized cryptocurrencies.
In a new video, Coin Bureau host Guy tells his 2.05 million subscribers that Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and Monero (XMR) are the most decentralized cryptos.

“There are five layers of decentralization in cryptocurrency: the developer layer, the coin or token layer, the infrastructure layer, the blockchain layer and the external layer. I’ll start by saying that there’s no crypto project that scores perfectly on all five criteria but the top spot seems to belong to Bitcoin. 
This is because there are dozens of individuals and institutions building on Bitcoin. BTC supply is broadly distributed, there is no shortage of infrastructure available to interact with the Bitcoin blockchain and the Bitcoin blockchain has over 15,000 full nodes. 
The only thing Bitcoin is missing is true decentralization at the external layer, but this is where every cryptocurrency fails and I suspect not everyone would agree that this even counts as a layer.
In any case, according to a survey of various crypto experts by Cointelegraph last November, there aren’t any cryptocurrencies that come close to matching Bitcoin’s overall decentralization.”
He says Ethereum, Monero, Litecoin and Dogecoin follow Bitcoin and are still lacking in some aspects of decentralization. In the case of Monero, the privacy coin also faces regulatory issues.
“Ethereum and Monero seem to be the runners-up but as I discussed earlier, Ethereum’s decentralization still seems to be lacking on some layers. As for Monero, XMR is constantly at risk of getting delisted from centralized exchanges due to unreasonable crypto regulations.
 There’s also Litecoin and, to some extent, Dogecoin, to consider but we all know these cryptocurrencies are also lacking decentralization at some layers, to put it mildly.”
The analyst says that it is still too early to identify the other most decentralized cryptocurrencies, but he sees the possibility of Cardano (ADA), Polkadot (DOT) and Solana (SOL) being included in the list.
“By now, you’ll have noticed that most of the more decentralized cryptocurrencies have been around for a while and many believe that it’s ultimately time that has allowed Bitcoin to decentralize so much. What this means is that it might still be too soon to say what the most decentralized cryptocurrencies are, but I have a feeling that Cardano, Polkadot and possibly even Solana will be the next runners-up.
At this rate, it looks like we will only find out for sure when the regulators come around and given the exponential rate of crypto adoption, it’s only a matter of time before they come unlocking.”

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The post Bitcoin, Ethereum, Dogecoin and Two Additional Altcoins Are the Most Decentralized Crypto Assets: Coin Bureau appeared first on The Daily Hodl.


A popular crypto analyst is naming the top five most decentralized cryptocurrencies. In a new video, Coin Bureau host Guy tells his 2.05 million subscribers that Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and Monero (XMR) are the most decentralized cryptos. “There are five lay...

dailyhodl.com

Bitcoin, Ethereum, Dogecoin and Two Additional Altcoins Are the Most Decentralized Crypto Assets: Coin Bureau

Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session. 
Monero (XMR)
XMR was one of Monday’s biggest gainers, as prices rose by almost $20 from lows during Sunday’s session.
Following a low of $128.00 on Sunday, XMR/USD rallied to an intraday high of $174.62 to start the trading week.
Monday’s top came as prices surged for four consecutive sessions, hitting a near one-week high in the process.

Since these highs earlier in the day, XMR is now trading marginally below a ceiling of $173.00, as bullish strength faded as the day progressed.
The 14-day RSI is now trading at a resistance level of its own, which is below 43.14, and should it break, we could see XMR break resistance for the first time since March.
Should this happen, prices could move closer to the $200 region. A point which monero last hit only eight days ago.

Solana (SOL)
Following three consecutive sessions of gains, SOL was also higher to start the week, however prices declined as the day progressed. 
On Sunday, SOL/USD finished the day trading at $53, and went on to hit a peak of $58.88 during the early part of Monday’s session.
Since then, prices have slipped, and as of writing SOL is currently trading at a level of $52.32, which is close to a one-week low.

Overall, SOL has dropped by over $100 since the beginning of April, with prices dropping below $35 last Thursday.
Looking at the chart, the 14-day Relative Strength Index is now tracking at 33.26, which is marginally below a ceiling of 36.
Bulls are likely going to attempt to push prices towards $70, if price strength moves past the current obstacle in the RSI. 
Could we see runs higher in upcoming sessions? Let us know your thoughts in the comments.



























Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session. Monero (XMR) XMR was one of Monday&#x2019;s biggest gainers, as prices rose by almost $20 from lo...

Biggest Movers: XMR and SOL Higher on Monday

Popular privacy coin Monero (XMR) has been on a rally since the start of 2022. The cryptocurrency appears to be moving on its own as the crypto market trends sideways.
Related Reading | Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally
Recently, XMR bulls are displaying more strength. At the time of writing, XMR trades at $285 with a 6% profit in 24 hours, a 34% and 50% profit in the last two weeks and 30-days, respectively.
 XMR on an upward trend on the 4-hour chart. Source: XMRUSDT Tradingview
As announced by one of Monero’s maintainers via a post, the network will undergo an upgrade on July 16th, 2022, at the height of block 2.6 million. The “Fluorine Fermi” update will introduce new features to the network.
As the developer stated, Monero will increase its ring size from 11 to 16. The ring size is a term to refer to the total number of signers in an XMR transaction. As part of this network’s unique model, the update will provide users with more base privacy.
In addition, the network will implement an upgraded version of its Bulletproofs algorithm to decrease its transaction size by around 7%. This change is supposed to improve the network’s scalability by making “every transaction lighter and faster”.
On the latter, the network will reduce the wallet’s sync time by around 30 to 40%, the post said, and will implement a change to Monero’s fee model. Thus, users can expect to see an uptick in the network’s “security and resilience”.
As the update will be deployed via a Hard Fork, users and node operators will need to update their software. The maintainer made the following request to the users:
A new release will be announced before the network upgrade (around the 16th of June). You will only have to be using the updated software by the time the network upgrade occurs (16th July). To the end user, it will be like a simple software update.

#Monero will undergo a network upgrade on July 16th, 2022:https://t.co/9NKlGtqXAn
All users will need to do is keep their favorite wallet up to date, update their nodes once v0.18 is released (~June 16th), and enjoy even better digital cash afterwards 
— Monero (XMR) (@monero) April 20, 2022

Could Monero Be Spelling Danger For The Crypto Market?
It’s possible that Monero’s recent price action is due to its upcoming network update. As mentioned, they are substantial and will provide the users with interesting new features.
Data from Material Indicators (MI) records an increase in buying pressure from retail investors during April. At the same time, investors with ask orders larger than $10,000 have been selling into the rally. Unless larger investors classes step in, XMR could be at risk of a short-term decrease.
 Retail (in yellow on the chart) buying into XMR’s price rally as larger investors sell or stay neutral. Source: Material Indicators.
Related Reading | Monero (XMR) Price Slides As Canada Includes Crypto In Emergencies Act
Additional data provided by Jarvis Labs indicates a potential danger for the entire crypto market. According to their “Dino Index” (comprise of Ethereum Classic, Zcash, Litecoin, Bitcoin Cash, and others), a metric to track the performance of these assets to show their inverse correlation with the crypto market, there could be some obstacles ahead. Jarvis Labs said via their Telegram Channel:
Quite evident that majority of the time when these dino coins rise and btc rises, better to look at profit taking or hedging the risk and look for market tops.
 Source: Jarvis Labs via Telegram


Popular privacy coin Monero (XMR) has been on a rally since the start of 2022. The cryptocurrency appears to be moving on its own as the crypto market trends sideways. Related Reading &#124; Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally Recently, XMR bulls are d...

newsbtc.com

Monero Soars 50% As Crypto Market Weakens, What’s Behind the Rally?

The privacy coin Monero (XMR) is leaving most of the crypto market in the dust.
XMR, the 34th-ranked crypto asset by market cap, is trading at $272.05 at time of writing, up more than 76% in the past two months.

Compared to Bitcoin (BTC), which is up about 7.7% over the same time period, and Ethereum (ETH), which is up about 17.3%, Monero is leading the pack.
Monero has some big developments on the horizon, recently announcing it will undergo a network upgrade on July 16th. The hard fork aims to improve the network’s security, privacy, performance and overall resilience while keeping its proof of work consensus protocol.
Among other new features, an upgraded “Bulletproofs+” algorithm is designed to reduce the typical transaction size by about 5-7%, as well as improve typical verification performance by around the same percentage. Wallet sync times are also intended to reduce by 30-40%.
Monero is up 7.4% in the past 24 hours and nearly 16% compared to where it was priced one week ago.
XMR isn’t the only privacy coin that’s witnessed gains over the past couple of months. Zcash (ZEC) is up by about 56% since February 20th, with popular analyst Altcoin Sherpa recently saying ZEC is primed to continue its rally in a strong way.
“ZEC: No clear trend on the ZEC/BTC pair, higher lows and lower highs. Potential breakout depending on how you interpret it. The ZEC/USD pair looks great still, and I think it goes to $250 eventually.”
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The post Privacy Coin Monero (XMR) Outperforms Most of the Crypto Market Ahead of Upgrade appeared first on The Daily Hodl.


The privacy coin Monero (XMR) is leaving most of the crypto market in the dust. XMR, the 34th-ranked crypto asset by market cap, is trading at $272.05 at time of writing, up more than 76% in the past two months. Compared to Bitcoin (BTC), which is up about 7.7% over the same time period, and [&#8...

Privacy Coin Monero (XMR) Outperforms Most of the Crypto Market Ahead of Upgrade

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.  

cointelegraph.com

Monero crypto of choice as ransomware ‘double extortion’ attacks increase 500%

According to a recent update on Monero’s Github repository, the privacy-centric crypto network plans to hard fork in July, at block height 2,668,888. Monero is the largest privacy crypto asset in terms of market capitalization and during the last seven days, monero climbed 13.4% against the U.S. dollar.
Monero Aims to Upgrade in July
The development team behind the Monero (XMR) project has plans to upgrade the blockchain at some point in July, according to the Github-hosted version 15 “Network Upgrade Checklist #690.” Monero is an open-source distributed ledger with built-in privacy, as it obfuscates transactions by leveraging various techniques.
The Monero network uses privacy techniques such as ring signatures, a cryptographic method, and zero-knowledge (ZK) proof called “Bulletproofs,” stealth addresses, and it also utilizes an IP-obscuring scheme via the Dandelion++ protocol.
Monero (XMR) is the largest privacy-centric crypto asset by market capitalization, which is $4.62 billion at the time of writing. The hard fork in July is the 15th software version as the blockchain has experienced a great number of upgrades since the network’s inception in 2014.
One of the main goals behind many of XMR’s hard forks is to protect the network from application-specific integrated circuit (ASIC) miners. Four years ago, a hard fork caused the privacy-centric network to split into four different protocols. Moreover, in mid-February XMR supporters were begging monero miners to boycott a mining pool that captured 44% of the network’s hashrate.

A month prior to that, the Monero hashrate reached an all-time high on January 16, 2022, at block height 2,539,056. On that day, the network’s hashrate reached 3.62 gigahash per second (GH/s). The July upgrade aims to extend the network’s ring signature size and other ring signature parameters.
It aims to support both Trezor and Ledger hardware wallets, and developers aim to deploy the v15 testnet next month. Additionally, the privacy-enhancing ZK proof concept Bulletproofs will be upgraded to a version called “bulletproof+.”
What do you think about Monero’s upcoming hard fork in July? Let us know what you think about this subject in the comments section below. 



























According to a recent update on Monero&#x2019;s Github repository, the privacy-centric crypto network plans to hard fork in July, at block height 2,668,888. Monero is the largest privacy crypto asset in terms of market capitalization and during the last seven days, monero climbed 13.4% against th...

Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade

XMR price cup-and-handle pattern fetches a bold $10,000 price prediction for 2023.

Monero defies crypto market slump with 10% XMR price rally  — what's next?

After falling to its January 2021 all-time high of around $42,000, bitcoin has maintained that level following a relatively still trading day. The altcoins are also untypically calm today, with Monero being among the few exceptions and XMR tapping a three-month high.
Bitcoin Remains Above $42K
It’s safe to say that the primary cryptocurrency has seen better days as it attempted to jump above $47,000 earlier this week. However, it failed on both occasions when the bears returned to the scene and pushed the asset south.
As reported over the week, BTC first dropped to $45,000 before another nosedive took it down to $43,000. After bouncing off and adding a grand, bitcoin started plummeting again yesterday and fell to a 17-day low of just over $42,000.
Since then, the cryptocurrency has regained some traction and neared $43,000 hours ago. It has failed to breach that line yet and now stands a few hundred dollars lower.
Nevertheless, its market capitalization remains above the coveted $800 billion level.
BTCUSD. Source: TradingView
XMR Leads the Way
The altcoins suffered just as badly as bitcoin yesterday, but most have calmed today with minor gains. Ethereum dropped by $300 in days to $3,200 but has remained above that line following a slight increase.
Binance Coin, Ripple, Solana, Terra, Cardano, and Polkadot are also slightly in the green. Dogecoin and Shiba Inu – the two largest memecoins by market cap – have jumped by more than 3% in a day to $0.15 and $0.000025, respectively.
Cardano and Near Protocol are the only two larger-cap alts with minor declines.
Monero has stolen the show from the mid-cap altcoins with an 8% increase. As a result, XMR jumped to its highest price line since early January at $240.
The crypto market cap, down by $200 billion in less than a week, is still below the $2 trillion level.
Cryptocurrency Market Overview. Source: Quantify Crypto


Bitcoin and most altcoins have marked minor gains in a day after yesterday's bloodbath, XMR has surged the most. 

Monero (XMR)

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