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Monero Gets A Second Layer

There is always experimentation, development, and innovation going on in the crypto space. Even established coins must continually evolve to keep pace with a changing environment. But it's great to see development that adds significant value and capability to an existing coin rather than start a new ecosystem from scratch. In May, Monero (XMR) founder Ricardo 'FluffyPony' Spagni announced a new project. Tari will be a blockchain protocol for digital assets that will be built on Monero. The Tari Labs team initially consists of Spagni, Naveen Jain, and Dan Teree. Spagni is sensitive to the appearance of centralization in Monero...

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Man Who Illegally Mined $45.00 Worth Of Monero Becomes The First To Be Sentenced In Japan

Japanese authorities have issued out their first ever sentence for a malicious crypto mining offence according to reports out today. Interestingly though, the person in question has only been found guilty of illegally mining just $45.00 worth of Monero. Hardly worth going to prison for, is it? We can’t be sure if this is just the start of a bigger investigation, or if this is just a case of the authorities trying to make an example of someone, either way though, it carries a very strong message that no form of malicious mining or cryptojacking will be tolerated, no matter...

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Monero (XMR) – Bitcoin (BTC) Atomic Swaps Could Be A Game Changer For Privacy Coins

Monero (XMR) is hailed as the king of privacy coins and a notable contemporary of Bitcoin (BTC). The cryptocurrency has not been in the news the same way as other cryptocurrencies of its stature, including Bitcoin (BTC). However, it continues to garner support from chauvinists of privacy and decentralization. Monero (XMR) has long been a favorite among investors who wanted to buy, sell or store without Uncle Sam peeping around. For this reason, Monero (XMR) found its first use case as a cryptocurrency to be used on the dark web mainly for purchase of medicines and drugs. Its untraceable nature...

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Monero Expected To Breakout Soon

As it builds into a triangle like pattern, Monero is expected to be soon ready for a breakout soon. As you can see from the chart below, the open-source cryptocurrency is currently developing inside a balanced triangle pattern and is nearing its peak which is a sign that it could breakout any minute now. The 100 SMA is lower than the long-term 200 SMA which is a signal that the course with the least struggle is to the downside. In laymen terms, a higher break is less likely to happen than a lower break. Despite this, the gap has shrunk...

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Monero Network Due For A Big Upgrade

According to reports out this morning, the Monero network is due to see some big changes, changes that could entirely change the face of Monero. Recently, Monero has been under scrutiny on the basis that it has statistically been under a large volume of mining attacks, due to certain vulnerabilities that seem to make Monero more hackable. Of course, Monero developers have worked to resolve these issues and thus, recently we have had no further reports of large scale hacking taking place within Monero, suggesting that for now, all vulnerabilities have been resolved. At the time of writing, Monero is...

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