Monero: The Ups and Downs of an Anonymous Currency

Monero: The Ups and Downs of an Anonymous Currency

Anonymous cryptocurrency Monero has jumped in value over the past couple of months. More recently though, the price has declined from its highs as the community experienced unexpected rumors. Throughout this, Monero has remained a valued asset with the sixth–highest market capitalization. It also continues to have significant trading volume. The Oasis Exit Scam. The darknet marketplace (DNM) Oasis has gone offline, and many believe the administrators left with the escrow holdings. This includes a rumored 150 BTC and some Monero (XMR) as well. During the time Oasis went offline, the dark....


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Kraken Adds Anonymous Cryptocurrency Monero

Digital currency exchange Kraken has officially opened trading for monero (XMR). The decision marks the latest validation for the privacy-oriented digital currency, which in 2016 found traction in appealing to users interested in transacting on dark markets or who otherwise desired, or believed there could be demand for, digital currencies with added privacy features. The digital currency has to date been picked up by notable darknet marketplaces, with AlphaBay announcing in August of last year it would accept the cryptocurrency and darknet market Oasis Market following suit.....

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Monero network blocks will enforce coinbase transactions to be split into new denominations. Doing so will prevent unmixable inputs from being created. Over the past few weeks, there has been a significant interest in Monero. Not only did the alternative currency gain significant value in recent weeks, but it also got accepted on various darknet markets. The developers have announced a hard fork, which will bring several changes to the ecosystem. The Monero hard fork will go into effect on September 21st. Users and miners will need to update their clients on that date – or....

Quotes

Bitcoin represents a significant threat to the currency domination of the USA, which is the only thing propping up the nation’s status as a worldwide superpower.

Rick Falkvinge, IT Enterpreneur, Politician. Founder of the Swedish pirate party