Cross-chain DeFi protocol Sienna Network has enabled Bitcoin (BTC) and Monero (XMR) trading pairs on its decentralized exchange, giving users the ability to transact privately in two of the world’s most recognizable cryptocurrencies. Effective immediately, users of the privacy-focused SiennaSwap DEX will have the ability to trade BTC and XMR against the protocol’s native Sienna … [Read more...] about SiennaSwap adds Bitcoin, Monero trading pairs in push for privacy-focused DeFi
Monero
Jesse Powell addresses reasons for Kraken dropping Monero in the U.K
Kraken CEO Jesse Powell took to Reddit this week to discuss the situation surrounding the dropping of Monero in the U.K.He implied it was a decision he didn’t want to take, but with one eye on the “broader business” in the U.K, it was something he was forced to do.“Unfortunately, we have to pick our battles and look out for the broader business in the country.”Driven by … [Read more...] about Jesse Powell addresses reasons for Kraken dropping Monero in the U.K
Kraken to delist Monero for UK customers by the end of November
In an email quoted by Reddit users, Kraken, the world's eighth-largest cryptocurrency exchange by trading volume, announced it would be delisting privacy coin Monero (XMR) in compliance with regulations in the United Kingdom. The platform will cease all XMR trading activities, set XMR wallets to withdraw-only, and force-liquidate any existing XMR margin positions after Nov. … [Read more...] about Kraken to delist Monero for UK customers by the end of November
Monero
XMR is the native cryptocurrency of the privacy-focused blockchain network Monero. Monero was introduced in 2014 on the Bitcointalk form by a user named “Thankful_for_today” as a fork of Bytecoin. Today, Monero is an open-source project maintained by a decentralized developer community.XMR priceMonero is a privacy-focused, censorship-resistant blockchain that enables anonymous … [Read more...] about Monero
Privacy coin Monero pumps 31% amid US taxation plans
Coinciding with news that United States President Joe Biden’s proposed tax plan would require tax reporting on business transactions exceeding $10,000, the value of privacy coin Monero (XMR) climbed 31% on Friday. Biden’s American Families tax plan would require exchanges and custodians to implement tighter reporting measures to help detect tax evasion and money laundering. … [Read more...] about Privacy coin Monero pumps 31% amid US taxation plans