Untraceable Cryptocurrency Monero is Booming
The value of Monero has more than tripled in the last ten days moving from around $2.47 to $8.10 as at the time of this publication. Described as the new digital currency that online drug-dealers have started to adopt because it enables them to conduct business with more anonymity, the price of two-year-old Monero skyrocketed lately, driven by the announcement of several darknet markets to accept Monero as payment. AlphaBay, one of the most popular sites for buying drugs like liquid LSD and hybrid cannabis, said last week it has partnered Oasis to begin accepting Monero on September 1.....
Related News
The precipitous rise of Monero in the past few days has caused many users and traders to ask: what’s behind the surge of the self-proclaimed “untraceable” XMR token? Monero Surge Indicative of Demand for Privacy? For those familiar with the altcoin market, it’s not how much a coin has made, but more how much has it made for you lately? The latest....
Oasis Market, a darknet marketplace has shut shop in what appears to be an exit scam. Oasis Market, the deep web marketplace has gone dark! Users fear that this might be the last they are going to see of Oasis Market as many lose funds. The marketplace is said to have made away with over 150 BTCs and an undisclosed amount in Monero. The exit of Oasis Market comes at the time when it was rising up the ranks of darknet marketplaces, alongside AlphaBay, Silk Road 3, Dream Market and others. The notoriously promising marketplace was one of the few to start accepting Monero alongside Bitcoin....
Monero has ranked among the top altcoins since its release in April, even earning its own market as a trading pair on the altcoin exchange Poloniex. However, the Monero price has been in decline for the past several months. CCN examines this altcoin price movement to help investors make wise trading decisions. Also Read: Monero Market Added To Poloniex Cryptocurrency Exchange. Monero Price Trending Downwards. The Monero price has been in decline for several months, and the fall continued during the past week. On October 24, the Monero price was 212,653 satoshis. Over the next two days, the....
“We believe Monero is by far the best cryptocurrency at the moment to buy/sell anonymously,” an unknown rep of Monero Market told CCN before the Monero-focused dakrnet marketplace went offline today. The representative added: Bitcoin is not anonymous anymore. There has been lot’s of article of buyers/sellers being busted recently and this is just the tip of the iceberg. We believe in Monero and we do believe our market will grow in the next months as more and more people will get busted using Bitcoin. Monero Market was the first darknet marketplace to solely use Monero, a crypto-currency....
Three blockchain analytics firms reportedly have Monero-tracking abilities, which could affect XMR price — but can anyone actually track it? Recently, the United States Internal Revenue Service caused a stir in the crypto community when it put a bounty on the head of anonymity-focused crypto-asset Monero (XMR), offering $625,000 to anyone who could effectively track the purportedly untraceable asset. As the crypto and blockchain industry values anonymity and privacy, questions arise on the result of the effort, not to mention its plausibility.“As of the current stage of cryptography....