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Monero (XMR): New Upgrades and a Brand New Listing

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Monero
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Monero (XMR) has come up with another upgrade of its digital wallet, followed with a most recent update that came with some pretty neat features that XMR users could enjoy for the past couple of month from since the mentioned update was published. That is how several days ago, Monero has published in an official tweet that the new updates of the system have been released for the public alongside with a new hardware wallet.

Monero Upgrades to Lithium Luna

A couple of days ago, on June 4th, Monero XMR has announced via their official Twitter account that the new Monero update has just become available for all XMR users.

The team behind the privacy coin stated that the new version “Monero CLI v0.12.2.0”, otherwise known as Lithium Luna comes with a full Ledger support, while some of the holders and users of XMR are interested in when the team behind XRM will be developing and launching the update with a full support for Monero.

Getting Ledger support has been long-expected by XRM holders, while the Monero team seemed to be delaying the update. However, this case might as well be justified since Monero has been created in a unique way that differentiates it from the majority of privacy coins, which makes the code more difficult to change and manipulate with.

So, at the time that Ledger Nano S was being developed, which is the name of Monero’s hardware wallet, the team had to make significant changes in order to be able to support the new wallet.

Further on the matter of launching new updates, the team behind XRM stated that they will be releasing GUI binaries for the new update by the end of the next week, which means that the GUI binaries can be expected to become public in less than a week at the time of this writing.

The users will get a chance to use GUI design for the new projects, which will enable XRM holders to get more familiar with Monero’s features, software and digital assets in general.

Monero Changes the Proof-of-Work

The launching of Lithium Luna and the Ledger Nano S wasn’t all from the team behind one of the most famous privacy coins as they have also changed their PoW algorithm in order to fit the needs of having new updates integrated into the system.

That is how Monero now makes up for a safer and more secure asset, given the fact that they have manipulated with their Proof-of-Work algorithm in order to prevent the notorious DOS attacks that are often initiated by ASIC miners, that way compromising the system of mining and the safety of the XRM network.

The newly added features also include Multi signature support, an input for prevention of the wallet deduction, help for the new wallet Ledger Nano S as well as help for SunOS, alongside with having been altered the PoW for the prevention of DOS attacks.

Lithium Luna update included nearly 90 developers who have been working overtime in order to bring the new updated to the XRM holders and investors. It took over 1600 commits alongside with nearly 57000 new coding lines.

Monero Listed on Huobi Pro

After the launching of the new updates alongside with presenting Ledger Nano S, Monero got a “treat” in form of getting a new listing that was announced the same day as the new updates.

This time, the privacy coin XMR has been listed on Huobi Pro exchange platform. Huobi Pro tweeted on this occasion, stating that XRM will become available with having the trading pairs with BTC and ETH on June 8th, when all interested investors will be free to trade their XMR on this exchange.

This listing came as ordered for Monero since this privacy coin needs a little backup and a dose of recognition from a high authority exchange market, especially with having been delisted from two Asian exchange markets, Korbit and Coincheck.

Coincheck and Korbit, stationed in South Korea and Japan, have both decided to delist the famous privacy coins, which also included ZCash and Dash, that way taking away strategic Asian exchanges from XRM and the mentioned privacy coins.

Monero’s Performance

Despite the launching of new updates and having been listed on Huobi Pro, which is a massive exchange with 1 billion dollars worth of transactions being made every day, XMR can be seen dropping against the dollar on June 8th.

XRM has dropped by -5.43% in the last 24 hours since the market started to show signs of sluggish atmosphere, declining its price to 158.61$ at this point.

In the meantime, XMR users are waiting for the GUI binaries to be released during the next week.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing
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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Altcoins

Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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