Connect with us

Blogs

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

Published

on

Monero
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Elite