Crypto-Market Top 5 Weekly Performers: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Monero

Cryptocurrency gains this year have again out-performed gains from traditional assets like oil, equity, and gold. Moreover, the weekly gains during the last of a couple of weeks have been more than impressive; reviving memories of the 2011 and 2017 parabolic moves in Bitcoin. Nevertheless, Bitcoin and cryptocurrencies have become more sophisticated investment assets since then.
The market gains are primarily governed by the price of Bitcoin [BTC]. Nevertheless, the altcoins have been testing their support levels for long and an anticipation of an alt-season finally came to yield as most cryptocurrencies posted double-digit gains at the end of the week.
Bitcoin [BTC]
The gains on Bitcoin are usually spread larger than altcoins. Moreover, there are a plethora of altcoins, which can be manipulated far more easier and is affected far more greater than Bitcoin on a weekly scale.
Nevertheless, during the second week of May, Bitcoin was the best performing cryptocurrency during the week. The market dominance of Bitcoin near 60% and the total market capitalization of Bitcoin broke above $125 billion. Bitcoin has added more than $25 billion during the week to its total MCap.
BTC/USD 4-Hour Chart (TradingView)
Opening Price: $5717
Closing Price: $7182
The weekly gains: 25.62%
Weekly High/Low:  $7464/
Bitcoin Cash [BCH]:
The altcoin rise began late into the week as Bitcoin [BTC] crossed $7000. The rise in almost all top coins was almost vertical in the next few trading sessions. Bitcoin cash [BCH] crossed $350 level after the break-out towards the end of the week.
Moreover, it also outperformed Litecoin [LTC] to regain 4th position according to the total market capitalization of cryptocurrencies.
BCH/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $290
Closing Price: $362
The weekly gains: 24.8%
Weekly High/Low: $387/$270
Litecoin [LTC]:
Litecoin [LTC] was testing the support and resistance in the $70-$78 range for over a week. The bull market momentum from Bitcoin [BTC] pushed Litecoin above this range to test yearly highs again.
LTC/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $74
Closing Price: $90
The weekly gains: 21.1%
Weekly High/Low: $95/$70
Ethereum [ETH]:
Ethereum [ETH] reached a new year-to-date high at $207. The price of Ethereum also broke above the resistance and support near $165 it broke upwards. The total market capitalization of Ethereum also broke above $20 billion. The dominance of Ether is also consistent ner 10%.
ETH/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $161
Closing Price: $194
The weekly gains: 20.4%
Weekly High/Low: $207/$157
Monero [XMR]:
Monero [XMR], the most popular privacy-focused cryptocurrency also gained a considerable amount after the altcoins break-out began. This is can partly be attributed to the recent attacks on Zcash’s economic system.
XMR/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $66
Closing Price: $78
The weekly gains: 18.18%
Weekly High/Low: $63.68
One other cryptocurrency which gained around 20% as well included Bitcoin SV [BSV]. The price of BSV at press time is $63.43.
While most of the cryptocurrencies were in the green, Binance [BNB] Coin and Cosmos [ATOM] recorded negative gains at 6.6% and 24% respectively.
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 5: 00 Hours UTC on 12th May 2019. 
The post Crypto-Market Top 5 Weekly Performers: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Monero appeared first on Coingape.
Source: CoinGape

Crypto-Market Update: $200 Bn MCap Target Set As Alts LTC, XMR and BAT Rise With Bitcoin [BTC]

Bitcoin [BTC] has been relentless as it continued to rise five days in a row breaking past another important level at $6500 in the same week. The altcoin gains on a daily scale suggested that the gains from Bitcoin have started pouring into the altcoins as well as they tested key support levels.
The price Bitcoin [BTC] at 4: 00 Hours UTC on 11th May 2019 is $6581. While the market dominance of Bitcoin stayed above 58%, the rise on altcoins pushed the market towards $200 billion MCap. The total market cap of Bitcoin alone added more than $5 billion in a day.
Litecoin [LTC], Bitcoin Cash [Cash] and Ethereum [ETH]
Litecoin [LTC] gained over 2% higher than Bitcoin on a daily scale. The price of Litecoin [LTC] at 4: 00 Hours UTC on 11th May 2019 is. It is also testing key Support and Resistance level near $78.
LTC/USD 1-Day Chart on Coinbase (TradingView)
Bitcoin Cash [BCH] and Ethereum [ETH] gained along with Bitcoin’s wave as the Hodlers seemed to hold their position. The price of Ether and BCH gained 3.20% on a daily scale.
Monero (XMR) also gained slightly above Bitcoin [BTC] on a daily scale by 3%. It also tested the key resistance level at $70.
XMR/BTC 1-Day Chart on Kraken (TradingView)
Basic Attention Token (BAT) Gains Big
Basic Attention Token gained higher than almost all the cryptocurrencies on a daily scale. It gained over 25% on a daily scale as it wiped out the losses during the week.
BTC/USDC 1-Day Chart on Coinbase (TradingView)
XRP’s Resilience at $0.3 was surprising as the cryptocurrency was unbudged from price. While Stellar, Cardano’s ADA and EOS gained lightly along with Bitcoin’s momentum as well.
The price of XLM and ADA at 4: 00 Hours UTC on 11th May is 0.00001431 BTC and 0.00000980 BTC respectively.
Also Read: Bitcoin [BTC] Price Cycles Replicated Until Now, $50000 Target Predicted by Peter Brandt
The rise in Bitcoin [BTC] has continued as it moves to test $6600. Moreover, a break above $6450 it was the key support level before the beginning of the bear market in November 2019. Hence, while the short orders on Bitcoin [BTC] fear extreme liquidation, the Bitcoin bulls have been celebrating the rise.
Do you think that Bitcoin will stabilize at this level or a greater upside is possible? Please share your views with us. 
The post Crypto-Market Update: $200 Bn MCap Target Set As Alts LTC, XMR and BAT Rise With Bitcoin [BTC] appeared first on Coingape.
Source: CoinGape

Monero blockchain records all-time high transaction count; average transaction fee falls to 3-year low

Monero, the famed privacy coin, saw improved scalability with its privacy feature, as evidenced by Monero recording an all-time high transaction count.
According to BitInfocharts, the number of on-chain transactions for Monero reached 9,389 on April 30, 2019. However, as per MoneroBlocksInfo, the transaction count reached 9,249, with 13.87 transactions per block.
Source: BitInfoCharts
The transaction count for Monero during the crypto-frenzy of 2017 was 7,123. However, that record was shattered on April 30. The transaction fee also simultaneously decreased to a low unseen since December 2015. The average transaction fee came down to $0.025. The number of transactions started to skyrocket from 4,425 to 9,389 on April 25, 2019, which was an increase of 112% [almost double].
Dr. Sarang Noether, full-time researcher at Monero Research Lab and the individual responsible for the organization of audits of the bulletproof implementation, proposed a new signature scheme that reduces the size of ring signature substantially in a report. The report stated,
“For our present ring size of 11, a typical 2-input/2-output transaction uses 2.54 kB of space and takes (on my test machine) 13.0 ms to verify the MLSAG signature. Using CLSAG, the same transaction requires only 1.9 kB of space and takes 11.1 ms to verify the signature. This reduces the transaction size by 25% and the verification time by 15% too”
The implementation of this new signature scheme was also addressed by Noether, stating,
“It depends on the results of our security analysis, which is ongoing and not yet complete. The code itself is not terribly complex.”
The report also outlined the proposal and review of the “Dandelion” update. However, the timeline for the same was not announced yet. Noether commented,
“No specific timeline for D++ yet. There are some design decisions that would need to be made before moving forward with the code and testing. Fortunately, this is not a consensus upgrade, and could be done with any wallet release”
The post Monero blockchain records all-time high transaction count; average transaction fee falls to 3-year low appeared first on AMBCrypto.
Source: AMB Crypto

Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

Coinspeaker
Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated
Binance published their new Research Report in which they took on a different approach in understanding crypto assets. The research showed Bitcoin and Ethereum move in lockstep and the XRP price is the least correlated to other top cryptoassets.
Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Source: CoinSpeaker

Crypto-Market Update: Bitcoin (BTC) Recovers But Altcoins XRP, XLM, and XMR Test Support Levels

Bitcoin continued to build support above $5250 over the weekend after incurring losses due to the Bitfinex Vs. New York AG court proceedings revelation. The bulls seemed to have increased the buying pressure tremendously about the $5000 mark.
However, the altcoins haven’t seemed to recover from the sudden price drop and have continued to trade lower on a weekly scale.
BTC/USD 1-week Chart on Coinbase (TradingView)
The price of Bitcoin at 4: 30 UTC on 26th April is $5295. It is trading 0.5% higher on a daily scale and at par on a weekly scale as well. This is the third continual week when Bitcoin maintained its price above the $5150 mark on an average.
Also Read: Bitcoin Weekly Forecast: The Tag of War Between the Bears and The Bulls Carries On
Litecoin [LTC] and Bitcoin Cash [BCH]
Bitcoin Cash [BCH] broke below the $300 mark on 11th April after gaining over 120% since the beginning of the year at $330. However, it is testing the $250 as support.
BCH/BTC 1-Day Chart on Coinbase (TradingView)
The price of Bitcoin Cash [BCH] at 4: 00 hours on 29th April 2019 $254. It is trading 3.54% lower on a daily scale.
Litecoin [LTC] broke below the key support level at $78 dollars. The price of Litecoin [LTC] at 4: 00 hours on 29th April 2019 $68.11. It is trading 2.67% lower on a daily scale.

LTC/USD 1-Day Chart on Coinbase (TradingView)
XRP and Stellar (XLM)
XRP and Stellar are also testing key support levels. The number of stablecoins and speculations of company-specific coins like Samsung, Facebook and even existing cryptocurrencies like Binance has aimed to foster the development using their platform itself.
The price of XRP is trading below the $0.3 level. The price of XRP  at 4: 00 hours on 29th April 2019 $0.297. It is trading at par on a daily scale.
Peter Brandt, a leading chart analyst tweeted an analysis of XRP suggesting it is at “do or die point,
XRP/USD Chart Analysis (Peter L. Brandt)
Stellar (XLM) is also trading below the $0.1. Monero (XMR) is also testing the support level at $60. The price of Monero (XMR) at 4: 30 Hours UTC on 29th April is $61.3. It is trading 2.59% lower on a daily scale.
While Tron (TRX) and EOS traded at par with the price from the past day, they are trading 6% and 10% lower respectively on a weekly scale. Tezos (XTZ) and Basic Attention Token (BAT), two of the biggest gainers of the month, traded at $1.18 and $0.398 respectively.  IOTA gained more than 10% on a daily over its new partnership with British Car Manufacturer, Jaguar Land Rover.
Total Market Capitalization of Altcoins Excluding Bitcoin (Coinmarketcap)
As the total market capitalization of the cryptocurrency market is still around $170 billion, the dominance of Bitcoin [BTC] has been on the rise since the second week of April. The dominance of Bitcoin over the cryptocurrency markets is currently 54.5%. While Bitcoin recovered from the sudden move on 26th April on Bitfinex hysteria, altcoins have continued to trade in below $80 billion.
Do you think that altcoins will continue to lose or a revival is on the horizon? Please share your views with us. 
The post Crypto-Market Update: Bitcoin (BTC) Recovers But Altcoins XRP, XLM, and XMR Test Support Levels appeared first on Coingape.
Source: CoinGape

Six Cryptocurrencies to Watch in 2019

Coinspeaker
Six Cryptocurrencies to Watch in 2019
Nora Mork, a tech and business journalist, shares her list of six most promising cryptocurrencies you should definitely keep an eye on in 2019.
Six Cryptocurrencies to Watch in 2019

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Source: CoinSpeaker

Crypto-Market Update: Bitcoin [BTC] Drops Below $5k; Altcoin, ETH, XRP, and XMR Traders Panic on Bitfinex News

Bitcoin [BTC] dropped by more than 8% on 25th April 2019, as it plunged below $5k support. On a daily scale, the candle-stick recorded a loss of 8.76% from $5450 level. The negative movement in the market has been attributed to another Exchange related fraud this time involving Bitfinex.
BTC/USD 1-Day Chart on Coinbase (TradingView)
However, the market has apparently corrected from the sudden crash as it traded only 1.72% lower on a daily scale. The price of Bitcoin at 3: 00 UTC on 26th April 2019 is $5235.
Before Binance, Bitfinex was the leading Cryptocurrency Exchange in terms of volume. USD-Tether stablecoin was also first made popular on this Exchange. Recently, the New-York’s Attorney General’s office has accused the Exchange of covering up to $850 million using USDT.
The news broke late on 25th April 2019 and it caused a temporary frenzy in the markets. Moreover, the altcoins bore the maximum brunt of the fall as the total market capitalization of altcoins (excluding Bitcoin) lost about $5.8 billion dollars.
Market Capitalization of Altcoins Only (Coinmarketcap)
The total market capitalization of the cryptocurrency markets including Bitcoin also fell below $170 billion. Furthermore, the dominance of Bitcoin over the cryptocurrency markets gained another percent; Currently, Bitcoin’s dominance is 54.8%.
Litecoin (LTC) Traders Not Moved
The Exchange-related scam was reported on the illicit use of USD-Tether. Moreover, the Bitcoin traders were too vulnerable and apprehensive of a drop as the news brought extreme FUD (Fear, Uncertainty, and Doubt) in the markets acting as a catalyst.
LTC/USD 1-Day Chart on Coinbase (TradingView)
However, Litecoin traders remained unhinged, the losses it incurred due to Bitcoin’s fall were moderate and covered in a matter of hours nonetheless. The price of Litecoin [LTC] at 3: 15 hours UTC on 26th April is $74.17. It is trading 1.07% higher on a daily scale.
Ethereum (ETH), Monero (XMR) and Dash (Dash) and XRP
Ether (ETH), Monero (XMR) and Dash (DASH) fell by around or more than 5% on a daily scale registering highest losses amongst the top cryptocurrencies. Ethereum broke the $160 support line during the crash. The price of ETH at 3: 20 hours UTC on 26th April is $155.9. It is trading 5.42% lower on a daily scale.
Monero (XMR) and Dash (Dash) also broke key support levels. They are trading 7.45% and 5.02% lower on a daily scale respectively.
Also read: Ethereum, Monero and XRP Bullish, Peter Brandt Lists Stop Loss Levels To Watch-Out For
While XRP lost less in terms of percentage on a daily scale it also broke a key support level of $0.3. The price of XRP at 3: 30 hours UTC on 26th April is $0.293.
The top losers in the top 20 cryptocurrencies by market capitalization were Tezos (XTZ) and IOTA with 12.52% and 10.86% loss respectively. The price of Tezos at 3: 30 hours UTC on 26th April 2019 is $1.10. It wiped out most of the gains of the month, it touched a high of $1.47 in April.
Do you think that the market would correct on the daily or bears would grab hold of the opportunity? Please share your views with us. 
The post Crypto-Market Update: Bitcoin [BTC] Drops Below $5k; Altcoin, ETH, XRP, and XMR Traders Panic on Bitfinex News appeared first on Coingape.
Source: CoinGape

Crypto-Market Update: Altcoins BCH, XMR, LTC Consolidates as BAT Token, Enjin and Tezos Lead Weekly Gains

Bitcoin broke the weekly high to trade above $5300 on 20th April 20, 2019. Most of the traders still feel that Bitcoin (BTC) is in a ‘no-trade’ zone as the price continues to hover $5200 market. However, it is acting as strong support.
The total market capitalization of the cryptocurrency markets is $181.347 billion. Bitcoin’s dominance fell back to 51.9% as the altcoin make a comeback; Bitcoin’s dominance was 54% at the beginning of the week.
BTC/USD 7-Day Chart on Coinbase (TradingView)
Litecoin [LTC] and Bitcoin Cash [BCH]
Bitcoin [BCH] also gained considerable over the week and most of it can be attributed to #WeAreHoldonaut and #DelistBSV which favored Bitcoin Cash (BCH).
BCH/USD 1-Day chart on Coinbase (TradingView)
The price of bitcoin Cash (BCH) at 3: 00 Hours UTC on 20th April 2019 is $307.75. It is trading about 10% higher on a weekly scale.
Litecoin (LTC) traded in a small range around $80 dollars. It has gained considerably in the past last quarter. The price of LTC at 4: 00 Hours UTC on 20th April 2019 is $82.2. It is trading about 4.1% higher on a weekly scale.
Binance (BNB) Coin Continues to Lead the Race
Binance (BNB) coin has reached it’s All-Time High mark and is facing resistance to breaking past it. The price of BNB at 2: 30 Hours on 20th April 2019 is $24.27. It is trading 12.84% higher on a daily scale.
BNB/USD 1-Day chart on TradingView
Monero (XMR) Completes 5 years
Monero celebrated its fifth anniversary on 19th April 2019. The lead developer of the coin mentioned the ‘apparent hate’ that Monero received due to its drive for privacy. However, with added fungibility, Monero is actually the closest to the traditional monetary system of hand-to-hand cash transactions.
The price of Monero at 3: 30 Hours UTC on 20th April is $69.84. It is trading 2.78% higher on a daily scale and over 5% higher on a weekly scale.
Most of the other top altcoins including Ethereum, XRP, and DASH seem to be in the consolidation phase as they traded in the green with over 1.5% gain over the week.
BAT, Tezos and Holo token Gained 30% Over the Week
Basic Attention Token (BAT) also gained another leg up as it registered a 40-week high. The BAT token at 3: 20 Hours on 20 April 2019 is $0.388.
BAT/USD 1-Week Chart on Bitfinex (TradingView)
However, it was third the best performing coin the top fifty as cryptocurrency associated with Samsung, Enjin Coin (ENJ) gained 40% in the past week. The price of ENJ at 3:40 Hours UTC on 20th April is $0.20.
Tezos (XTZ) held on to its gains above $1.35, gaining over 170% since the beginning of the year. It gained 42% over the week as it consolidated back strongly above the $1 mark.
Some of the other tokens which gained over the week were Holo chain and Tezos. Holo Chain also gained about 18% on a weekly scale. The price of Holo at 3:45 Hours UTC on 20th April is $0.00143.
Do you think that altcoins will continue to gain in the new ‘tokenized’ ecosystem or Bitcoin (BTC)’s volatility will still affect the entire cryptocurrency market? Please share your views with us. 
The post Crypto-Market Update: Altcoins BCH, XMR, LTC Consolidates as BAT Token, Enjin and Tezos Lead Weekly Gains appeared first on Coingape.
Source: CoinGape

Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC] and Monero [XMR] accepted for payments by adult site CamSoda

Bitcoin [BTC] and other cryptocurrencies in the market have been trying to gain more adoption in terms of real-world use-cases. One way of doing this is being accepted as a mode on payment in exchange for services. One of the main industries that have taken the lead in this regard is the adult entertainment industry. CamSoda, an adult entertainment company, announced cryptocurrency payment support for most of the leading cryptocurrencies in the market.
The first digital currency accepted by an adult site was Verge [XVG], a trendsetter in the cryptocurrency space. After a huge marketing round over a “mysterious” partnership that was billed as the “biggest collaboration in the entire industry,” the Verge team announced its partnership with PornHub, a popular website for adult content.
This partnership received both positive and negative responses from the cryptocurrency space, with a majority stating that it could push forth cryptocurrency adoption. The next notable announcement was Tron [TRX], currently the eleventh-largest cryptocurrency, being accepted as a mode of payment on PornHub. Additionally, the two coins also gained support from Brazzers, Natakugames, and Traffic Junky.
The acceptance of cryptos for payments by CamSoda is the latest affair between the adult entertainment industry and cryptocurrencies, Hard Fork reported. The leading adult industry player will allow its users to purchase tokens with seven different digital currencies. The cryptos listed on the platform are Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Litecoin [LTC], Monero [XMR], Tron [TRX], and ZCash.
Source: CamSoda | Hard Fork
Daryn Parker, VP of CamSoda, said in a statement to Hard Fork,
“Now that we are seeing more adoption of the technology, we decided to give our users what they’ve been asking us for some time”
The post Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC] and Monero [XMR] accepted for payments by adult site CamSoda appeared first on AMBCrypto.
Source: AMB Crypto

Monero Fixes Bug After a User Claims to have Lost USD 80000

Bugs are pretty common in the software coding industry and so is with the projects in the blockchain world. But not all teams are able to patch things quickly. Well, that’s not the case with Monero team which has fixed a bug in the Ledger Monero code within quick time.
Monero says the number of wallets involved was minimal
In early march Ledger, Dev team had posted on warning on Monero’s (XMR) subreddit on March 4 advising users to avoid using the Nano S Monero app. Apparently, a bug associated with the app was discovered when a Redditor named MoneroDontCheeseMe posted a claim that he believes to “have just lost ~1680 Monero [around $80,000] due to a bug.” In the account, the user stated that after transferring about 0.000001 XMR from the Ledger to a view-only wallet, the user sent another 10, 200 and then 141.9 XMR.
According to the report, before sending the last transaction, MoneroDontCheeseMe had about 1,690 XMR in the wallet and 141.95 XMR in an unlocked balance, which is why he or she decided to send 141.9 XMR. Still, after the transaction, the user’s wallet is reportedly showing a balance of 0 XMR.
Furthermore, according to the Reddit user, the amounts sent and the transactions recorded on the blockchain did not line up. The user also mentioned that the 200 XMR transactions actually deducted 1691.001 XMR from the Ledger Wallet, and also that the amounts reported for the 10 XMR transactions are strange.
Also Read: Binance’s Trust Wallet Partners with Celer Network Aiming to Boost dApps Experience
While things were pretty unclear, a post appeared on Monero’s Reddit page stating that all was now fixed and patched by developers luigi1111 and stoffu. According to the post
“A few weeks ago some Ledger Monero users got affected by a bug in the Ledger Monero code. Due to the bug, a handful of transactions were erroneously constructed and the wallet was not able to spot (and subsequently credit) the change, thereby letting the user believe their funds were lost. Fortunately, we were, in collaboration with the Ledger team, able to resolve this bug and recover the ‘lost’ funds of the affected users.”
Ledger change output bug post mortem (with a happy end!) from Monero

The post further stated that only a minimal wallet was impacted. This helped the dev team of Ledger and Monero to collaborate and give out a solution quickly. Hope Monero will be able to keep itself out of such bugs in the future.
Will Monero’s dev team continue to solve such bugs and make it a top coin? Do let us know your views on the same.
The post Monero Fixes Bug After a User Claims to have Lost USD 80000 appeared first on Coingape.
Source: CoinGape

Ledger Monero bug: ‘Lost’ funds of users affected by Ledger change output bug successfully recovered

On 8 April 2019, one of the moderators of the Monero sub-Reddit released a post-mortem of the Ledger bug that affected Monero users, resulting in them ‘losing’ their funds.
An announcement by Monero || #XMR on Twitter read,
“We have, in collaboration with the Ledger team, successfully managed to recover the ‘lost’ funds of the users affected by the Ledger change output bug”
The initial announcement regarding the bug was made in early March, 2019 by the Ledger team on Reddit. Even Kraken, a leading exchange in the US, released an official statement claiming that they would be suspending its funding services till this issue was fixed by the team.
The Ledger team had stated,
“In the last version of Monero client 0.14 with application 1.1.3, it seems there is a bug with the change address: The change seems to not be correctly sent.”
Udi Wertheimer, a coder, had stated that this bug would result in XMR users incurring a massive loss of funds if they tried to spend the money stored in their Ledger wallets. He also requested them to refrain from doing so.
Nevertheless, according to the post-mortem report, transactions were “erroneously constructed and the wallet was not able to spot [and subsequently credit] the change.” This was what led investors to assume that their funds were lost.
This issue was resolved by a collaboration between the Ledger and the Monero team, and the ‘lost’ funds have been recovered. The post-mortem further revealed the reason why Ledger wallets could not identify the change and credit the balance.

The post stated,

“The bug was investigated by Ledger and described to both luigi1111 and stoffu. Fortunately, luigi1111 designed a concept that would allow one to retrieve the lost funds. Subsequently, stoffu created the required manual patch. Lastly, the Ledger team assisted the affected users with retrieving their funds.”

The post further assured that from now on, pull requests pertaining to Ledger’s Monero code would be thoroughly checked and reviewed by the team, as a step towards avoiding similar bugs in the future.
The post Ledger Monero bug: ‘Lost’ funds of users affected by Ledger change output bug successfully recovered appeared first on AMBCrypto.
Source: AMB Crypto

Monero [XMR] surges post Fluffypony’s bullish remarks; Basic Attention Token [BAT] up by 6%

Most major coins have attained new normalcy after the sudden pump in the cryptocurrency market earlier this week. However, Monero [XMR] and Basic Attention Token [BAT] managed to register over 5% growth in a largely stagnant market. Monero’s surge could be a result of Riccardo Spagni’s, the Co-Founder of Tari and one of the core developers of Monero, remarks on Bitcoin [BTC] and Monero [XMR].
Spagni AKA Fluffypony said that Monero would find its use-case globally in a “very large way” and that Bitcoin was “too far along” not to be a reserve currency in the future. The BAT surge was attributed to the recent updates in the ecosystem by enthusiasts.
Monero [XMR]
Source: CoinMarketCap
At press time, Monero was valued at $68.97, with a market cap of $1.16 billion. The 24-hour trading volume of XMR was noted to be $92 million, while it surged by 5.44% within the past day. It noted a seven-day growth of 28.30% and dipped by 0.40% within an hour at press time.
XMR was highly traded on Bithumb via the XMR/KRW pair and registered a volume of $106 million. The second place was taken by CHAOEX with a volume of $11 million via the XMR/USDT pair. Huobi global followed CHAOEX, as it noted a volume of $10 million via the XMR/BTC pair.
Basic Attention Token [BAT]
Source: CoinMarketCap
At press time, BAT was valued at $0.3094, with a market cap of $386 million. It registered a 24-hour trading volume of $45 million and reported a seven-day growth of 15.53%. XMR spiked by 6.34% over the past day and by a meager 0.33% within the past hour, at press time.
BAT was highly traded on ZB.COM via the BAT/USDT pair and it noted a volume of $8 million. LATOKEN took the second place with a volume of $6 million via the BAT/ETH pair. The third place was taken by IDCM via the BAT/BTC pair with a volume of $5 million.
A Redditor, ferretinjapan, commented,
“Monero has qualities that other cryptos and Fiat doesn’t have. Genuine privacy. People WILL pay big bucks if they know without a shadow of a doubt that governments are shit scared of people using it.”
The post Monero [XMR] surges post Fluffypony’s bullish remarks; Basic Attention Token [BAT] up by 6% appeared first on AMBCrypto.
Source: AMB Crypto

Monero [XMR]’s privacy feature may lead to pressure on countries to address status of privacy coins

Monero [XMR], one of the leading privacy coins in the space, was in the headlines earlier this month because of its hard fork. The coin has now made a comeback due to the same reason. Binance Research posted a research article titled, ‘Examining the Implications Behind Monero’s Latest Fork’ that focuses on the effects of the updates introduced on Monero during the recent hard fork.
The hard fork that occurred on 9 March, 2019 was a non-contentious fork, which did not result in the creation of a sidechain. Notably, this fork carried out four main upgrades, dynamic block size algorithm update, change in Proof-of-Work [PoW] algorithm, addition of dummy encrypted payment ID, and “shrinking the size of amount encodings and using deterministic masks,” to simplify amount commits.
Interestingly, this hard fork was supposed to take place in the next few months, but was advanced because of the dominance of ASIC miners on the Monero network. The fork successfully decreased its dominance by over 80 percent, according to data by 2miners.
The report by Binance Research stated that one of the upgrades, the addition of dummy encrypted payment ID, “made it harder” to discover the origins and destination of a transaction.
The report stated the implication to be,
“As several countries (e.g., France) and individual US states (e.g., Texas) are discussing whether or not privacy coins should be banned, this additional privacy feature may lead to higher pressure on countries to create legislature to directly address the status of privacy coins.”
It further stated,
“Regarding the improvement in the countermeasure to prevent a “big bang attack”, the initial issue was that the size of the block could increase exponentially.”
Source: Binance Research
Additionally, the report stated that the long-term blocksize will be able to increase by “up to 1.4x after 50,000 blocks.” It added that the second addition was pertaining to the change in miner fees “as it is now calculated based on a long-term median block weight versus the previous 100-block median weight.”
The report said,
“As fees are now set based on the long-term median block weight, fees would not decrease when the amount of transactions keep increasing at a lower pace.”
The post Monero [XMR]’s privacy feature may lead to pressure on countries to address status of privacy coins appeared first on AMBCrypto.
Source: AMB Crypto

Monero [XMR] paired with Bitcoin [BTC] and Ethereum [ETH] on KuCoin

Monero [XMR], the thirteenth largest cryptocurrency by market cap, gained support from KuCoin, one of the leading cryptocurrency exchange platforms. KuCoin announced the same through an official blog post, which stated that they would be supporting the popular privacy currency on their platform, enabling trading services for the Monero community.
The official announcement read that the coin would be paired along with Bitcoin and Ethereum. Furthermore, the blog stated that the deposits for Monero had already been enabled for its users. Trading services for the cryptocurrency will begin from 26 March at 18:00 [UTC + 8] and withdrawal services will be enabled from 28 March at 18:00 [UTC + 8].
The exchange also warned users about the risks associated with investing in cryptocurrencies, stating that this equates to being a venture capital investor. The exchange also reminded its users that the cryptocurrency market has no opening or closing time like the trading market. More so, the exchange also advised users to be careful before entering the cryptocurrency and blockchain technology space. They said,
“KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence there are still risks when investing. KuCoin is not liable for investment gains or losses.”
Notably, this news came in right after Binance, the largest cryptocurrency exchange by trade volume, and Tor Project announced additional support for the privacy coin.
Earlier this month, Binance announced that they added more trading pairs for Monero; with the coin being paired with Binance Coin [BNB] and Tether [USDT]. This was followed by Tor Project, a non-profit organization, announcing that they would be accepting Monero for donations.
The post Monero [XMR] paired with Bitcoin [BTC] and Ethereum [ETH] on KuCoin appeared first on AMBCrypto.
Source: AMB Crypto