In the Daily: Monero Upgrade, Revolut Auto Exchange, SETL Administration

In this edition of The Daily we cover the latest protocol upgrade to privacy coin monero (XMR), a new feature for traders using Revolut, and the blockchain-based corporate settlements platform SETL appointing administrators for the business. Also Read: Online Bank Swissquote to Add Crypto Custodial Services Monero Undergoes Protocol Upgrade The Monero development team has…

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Report Claims 85% of the Monero Network Dominated by ASIC Miners

Over the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times…

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VIDEO: Monero (XMR) in a Nutshell

Monero (XMR) is a privacy coin which keeps the sender, receiver and the amount transferred private from prying eyes. In this video, we explore why we need privacy in all our transactions. We explore the function of Ring Signatures, Stealth Addresses and RingCT. and also look at some advantages and disadvantages of Monero. Website: https://getmonero.org/…

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US Secret Service Asks Congress for Help to Prevent Illicit Use of Privacy Coins

Privacy The US Secret Service is worried about the illicit use of cryptocurrencies. A high-ranking official of the agency has urged Congress to consider additional legislation to address anonymity-enhanced cryptocurrencies and services intended to obscure transactions on blockchains such as tumblers or mixers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Undermining US Laws…

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South Korean Crypto Exchange Korbit Drops XMR, ZEC, DASH, REP, and STEEM

Exchanges South Korean cryptocurrency exchange Korbit has announced that it will no longer support the trading of five cryptocurrencies: dash, monero, zcash, augur, and steem. This announcement came just days after hacked Japanese exchange Coincheck confirmed the delisting of privacy coins. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Farewell to Five Cryptocurrencies Korbit, one…

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Korean Exchange Bithumb Has Reserves Worth $6 Billion in 12 Cryptocurrencies

News One of South Korea’s largest cryptocurrency exchanges, Bithumb, has published its first audit report, detailing its financial performance as well as crypto reserves worth approximately $6 billion kept in 12 cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space $6 Billion Worth of Coins South Korea’s second largest cryptocurrency exchange Bithumb recently released…

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