Cryptographers Are Always Going to Be ‘One Step Ahead’ of Regulators: Monero’...
Privacy protocols have become the focal point of regulators and law enforcement agencies when the race among central banks to launch sovereign digital currencies is heating up.
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Monero’s price bubble has popped, the value tumbling as investors scramble to get out. Recently the rising star of the cryptocurrency world, the coin’s incredible growth spurt has reversed, causing the price to plummet and the coin to lose its coveted top-five status. The privacy-focused cryptocurrency, with a strong underground following but far from the top ten, experienced a significant price surge this summer, growing in value tenfold over the course of just three months, the vast majority of that over just a few weeks. At its peak, Monero claimed a $170 million market cap, pushing the....
Monero’s stratospheric rise in value, darknet market acceptance and positive outlook mean this year could see it become Bitcoin’s de facto ‘appcoin.’ Bitcoin and ‘Giving Away Information’. The altcoin, which has shot from $0.50 to $12 per coin since January 2016, boasts privacy and anonymity features, which are gaining a steady stream of well-known fans. “If I pay my rent in Bitcoin, it wouldn’t be that hard for the landlord to figure out how much money I earned if I don’t take extra precautions,” cryptocurrency consultant Peter Todd told Wired. Then they can decide whose rent to increase.....
Privacy-centric cryptocurrency Monero (XMR) has been making waves in the community as of late. Most recently, it has been revealed that the digital currency will be used by leading Dark Net Markets. Oasis & Alphabay Will Implement Monero. According to a recent Reddit post on the Dark Net Markets (DNM) forum, Monero will be used by the Alphabay and....
Monero’s recent tenfold surge in price set off a firestorm of speculation. While some point to the Bitfinex hack possibly increasing demand for stolen Bitcoin to be converted into something less traceable, other indicators point to dark market integrations, especially from AlphaBay, as the catalyst for the price spike. CoinTelegraph reached out to Fran Strajnar, co-founder and CEO of data and research provider BraveNewCoin, for more concrete data to provide insights into the reason for Monero’s price spike. According to Strajnar, cryptocurrency is entering a new cycle of hype, and the....