Monero (XMR) breaks $300 resistance, here are levels to watch

Monero (XMR) breaks $300 resistance, here are levels to watch
ôîòî ïîêàçàíî ñ : invezz.com

2021-4-13 17:23

Monero (XMR) price has continued to rally higher as the price action now trades at a 3-year high above the $300 handle. 

Fundamental analysis: Developer accuses MobileCoin of borrowing code

Monero’s lead maintainer Riccardo Spagni has accused MobileCoin of borrowing Monero’s code without acknowledging its origins.

MobileCoin utilizes Ring Confidential Transactions (RingCT) for privacy and Stellar consensus for faster block times. The group’s chief executive Josh Goldbard said that it is the “only [coin] ever built that is both privacy-protecting and fast.”

Goldbard’s claims have faced criticism and MobileCoin also said it implemented CryptoNote, a ring signature-powered protocol that allows transaction privacy. Spagni has responded to those claims and said MobileCoin was using Monero’s code without acknowledging its source.

“MobileCoin claims to be based on CryptoNote, but it’s not. It’s based on Monero…not sure why there’s no credit where credit is due?” said Spagni.

To back his allegations, Spagni said that MobileCoin uses features first seen in Monero including “RingCT, subaddresses, and bulletproofs.”

MobileCoin senior engineer Alex Graveley denied Spagni’s allegations and said MobileCoine did not borrow Monero’s tech and even said Monero has “the worst codebase” in a tweet which he later deleted. 

But Spagni is not the first one to criticize MobileCoin. Coinkite’s Peter Todd recently voiced his concern over MobileCoin’s centralization and claimed that its consensus protocol is based on centralized technologies such as Intel SGX, Stellar Consensus Protocol, and Amazon S3.

“Putting the consensus in Intel SGX makes it impossible for a second dev team to even exist: unless you run the official binaries, you aren’t on MobileCoin,” Todd said. He also added that MobileCoin is “hostile to forks.”  

Technical analysis: New multi-year highs

Monero (XMR) price is up over 30% in April to extend its impressive bullish monthly streak. The privacy-oriented digital asset previously gained over 12% and 59% in March and February, respectively. 

Monero (XMR) weekly chart (TradingView)

The price action is now trading above the $300 mark where a key resistance line is located. For the first time in 3 years, XMR price has been able to extend above this mark. The next target on the upside for crypto traders looking to buy Monero is $375 while the broken resistance will now transform into support.

Summary

Monero developer Riccardo Spagni has accused MobileCoin of using Monero’s code without giving any credit. Separately, the XMR price is trading above the $300 handle for the first time in over three years.

The post Monero (XMR) breaks $300 resistance, here are levels to watch appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Monero (XMR) íà Currencies.ru

$ 160.99 (+0.03%)
Îáúåì 24H $69.967m
Èçìåíåèÿ 24h: 0.85 %, 7d: 11.28 %
Cåãîäíÿ L: $159.44 - H: $163.83
Êàïèòàëèçàöèÿ $2.97b Rank 39
Öåíà â ÷àñ íîâîñòè $ 321.36 (-49.9%)

monero code mobilecoin price xmr borrowing accuses

monero code → Ðåçóëüòàòîâ: 32


Ôîòî:

Hackers fix 20 security flaws in cryptocurrency-related platforms in 2 weeks

White-hat hackers continue to rid blockchain projects of their bugs, having earned a minimum of $7,400 for fixing security flaws in popular cryptocurrency platforms like Monero and Stellar. Seven cryptocurrency-related projects dished out rewards to blockchain hackers for finding and patching 20 software bugs in the past two weeks (between March 14 and 28), according to HackerOne data reviewed by Hard Fork.

2019-3-28 20:27


Amid Massive CoinHive Cryptojacking on Microsoft Platform, Company Removes Eight Free Apps

Most of the stories in the media about cryptojacking and hacking are due to a vulnerability in a crypto exchange or simply highly advanced hackers. However, in a new report by Symantec, Microsoft has been the victim of the presence of a surreptitious Monero mining code on multiple applications. As such, Microsoft has since removed […]

2019-2-16 00:12


Ôîòî:

Report: GitHub hosts the most cryptocurrency mining malware of any site

It’s no secret cryptojackers prefer Monero, but now researchers have determined exactly how much they have gained with illicit cryptocurrency mining malware. In a new study, academics from Universidad Carlos III de Madrid and King’s College London calculated that crypto-mining malware has generated roughly 720,000 XMR – or 4.

2019-1-10 14:47


Ôîòî:

How Do you Mine Monero on a Laptop?

In this guide, we explore how to mine Monero on a Windows-based laptop. Before we get started with mining, let’s first understand the technology behind the privacy-centric cryptocurrency. This is the third post of our Trade Code series, if you haven’t already, check out our latest post about writing your first Ethereum smart contract with minimal coding experience.

2018-8-29 01:00


What Is Masari?

All major cryptocurrencies have seen their code being forked over the past few years. It is a trend affecting Bitcoin, Ethereum, Litecoin, and so forth. Monero has seen its fair share of forks too, although the Masari project has been overlooked by a lot of people. Nearly a year after being first announced, now is […]

2018-8-5 02:00


Ôîòî:

Monero Glitch Allowed Hackers To Steal XMR From Exchanges

The Next Web’s in-house cryptocurrency column recently reported that Monero, the foremost privacy-centric cryptocurrency, was subject to a relatively minor cybersecurity vulnerability. According to the technology news outlet, “inventive” hackers could create false transaction data via the copying of a simple line of code from the Monero wallet code base, which is open-sourced and easily […] The post Monero Glitch Allowed Hackers To Steal XMR From Exchanges appeared first on Ethereum World News.

2018-8-3 06:14