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

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Monero

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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