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Monero Price Analysis: XMR Correcting But Staying Positive

This analysis brought to you by RoboForex. On Friday, October 16th, the XMR is declining slightly after another wave of the rally. The coin is generally trading at 125.40 USD. Since last week, XMR/USD has renewed the highs again. On D1, the Monero is forming a bounce off the resistance line. The goal of the correction in the uptrend is the nearest support level, which is 23.6% Fibo. The MACD histogram is above zero, while its signal lines are forming a Black Cross that, in turn, will signal further correction. The details on the chart show that in the nearest...

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Monero Price Analysis: XMR Looks Vigorous

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, October 6th, the XMR rate is correcting, though the cryptocurrency itself looks rather strong. It is generally trading near 112.20 USD. This week, the pair has renewed the highs and is now trading near the upper border of the ascending channel. On D1, the Monero is forming a bounce off the resistance level. The target level for the correction of the uptrend is the nearest support level. The MACD histogram is above zero, while its signal lines keep forming an ascending impulse, confirming further growth. The indicator and tech analysis give...

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Privacy coins: Have the good coins gone bad?

Every year more and more people become crypto enthusiasts and believe in the future of blockchain technologies and cryptocurrencies. But stereotypes are still alive. One of them says that to buy or use private cryptocurrencies is a lot of darknet users and frauds. And as we know – there is no smoke without fire. In fact, there is no fire anymore, but there is definitely a smouldering ember. The privacy of some coins makes them a preferred payment method for felons, illegal activities financing, and money laundering. But we always should remember that this level of privacy was created primarily...

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Coinbase won’t be listing Monero any time soon due to regulation worries according to Brian Armstrong

Brian Armstrong has said that he won’t be listing Monero as it's still untested grounds for lawmakers across the United States.  Speaking in an interview, Armstrong said that he wanted to take a more conservative approach so that they would pass the test of time in the long run. The Chief Executive Officer of the Coinbase platform, Brian Armstrong has said that he won’t be listing any privacy coins such as Monero as they are still untested grounds for lawmakers all across the United States. Speaking in an interview last week on the 24th of July with Peter MacCormack, Armstrong...

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Former Monero Lead Maintainer Talks on CBDCs & Privacy

Australia are now demanding customers to provide detailed invoices about the use of their funds as a condition for honouring transactions. Riccardo Spagni recently spoke on the state of privacy in the context of many problems that have come up over the past few months. Over the past 30 years, we have seen many advancements in technology. This includes things that are day-to-day uses such as smartphones, computers and of course, cryptocurrency. In a recently surfaced report, it indicates that banks in Australia are now demanding customers to provide detailed invoices about the use of their funds as a condition...

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