Connect with us

Altcoins

Monero is modest about their enhanced XRM wallet features

Simran Alphonso

Published

on

Monero [XMR] is modest about their enhanced XRM wallet features
Source: Pixabay

Monero has added some new highlights to its cryptocurrency wallet. Monero propelled its crypto wallet a month ago which offered numerous intriguing features. The changes were noticed and liked by XMR users. However, Monero upgraded its wallet again, as per the observance.

There are four new fascinating features with respect to the new highlights. These moves are made to establish its importance and uniqueness in the crypto wallet organizations.

Monero has developed its dialect front and is putting forth its administrations in 10 dialects now. This will empower the Monero wallet to target more people over the long haul and also give access to more individuals.

Monero has worked on its synchronization. It implies that the Monero wallet can be downloaded, introduced, and synced with a laptop or desktop in a short measure of time. Monero has chosen to enable the wallet to sync with the blockchain even before the installation.

Monero has updated its wallet and modestly enhanced its features but some Twitteratis have more expectations.

Senero, a Twitterati tweeted:

“why there is no monero hardware wallet? can anyone elaborate? via /r/Monero https://ift.tt/2J2SwM9  The title #senero #monero”

Monero has even enhanced the security front. The capacity of the private keys of a crypto wallet is a significant errand. Monero offers another component called “Cold Storage”. Most of the benefits (keys) would be put away in a disconnected frosty stockpiling. At the season of the exchanges, the delivery will be obscured to keep up the security of the clients. Along these lines, the exchange will be on a more secure scale.

Monero has likewise offered the facility of instant deactivation. This demonstrates when one has lost the gadget, it can be taken care of as no information is left unsecured or accessible. The new features also enable access to one’s wallet from various sources.



Follow us on Telegram | Twitter | Facebook



Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

Altcoins

Bitcoin [BTC/USD] Technical Analysis: Cryptocurrency fails to climb on the bull after price stays locked down

Akash Anand

Published

on

Bitcoin [BTC/USD] Technical Analysis: Cryptocurrency fails to climb the bull after price stay locked down
Source: Unsplash

The cryptocurrency market’s bearish woes do not seem to have waned with several popular coins seeing a continuous price downturn. Bitcoin [BTC], XRP, and Ethereum [ETH] have only enjoyed sporadic bullish spikes with a definite control being exerted by the bear.

1-hour

The one-hour BTC chart shows the gradual drop in prices. The support has been holding at $3214.17 while the resistance is maintained at $4160.21. The recent downtrend took the prices down from $3558.58 to $3367.97.

The Relative Strength Index shows a slight spike towards the overbought zone. This means that the buying pressure is increasing slightly more than the selling pressure.

The Bollinger band shows a clear divergence with the upper band and the lower band indicating an imminent sideways price movement.

The Parabolic SAR has been predominantly bearish with the markers staying above the markers. At the time, the SAR indicators were below the price candles which is a bullish sign.

1-day

The one-day chart for Bitcoin does not paint a better picture for the cryptocurrency with no uptrends in sight. The long-term support has been holding at3346.6 while the recent downtrend saw the price fall from $6262.97 to $3408.

The MACD indicator shows the MACD line and the signal line moving as a conjoined pair. Other than the bearish dip, the MACD histogram has been undergoing a lull.

The Chaikin Money Flow indicator is just below the zero line, which is a sign of the money flowing out of the market being more than the money coming into the market.

Conclusion

The above-mentioned indicators all point to an extended bear run with the prices still being clamped below the $4000 mark. With the year coming to a close, the predicted bull run does not seem to be occurring anytime soon.

Continue Reading

Altcoins

Binance Coin [BNB] takes off by 11.31%; ERC20 uniswap bug affecting BNB users, but CZ says funds are SAFU

Published

on

Binance Coin [BNB] takes off by 11.31%; ERC20 uniswap bug affecting BNB users, but CZ says funds are SAFU
Source: Unsplash

Binance Coin [BNB], in the 24-hour time frame, has spiked by a massive 11.31% leaving other Bitcoin [BTC], Ethereum [ETH], XRP, and other cryptocurrencies to eat dust amid the doom-December.

In the 24-hour time frame, the BNB coin started trading at $4.63 with a market cap of $605 million on December 11, 16:30 UTC. The price dipped to $4.59 within a couple of hours but didn’t stay there for long as the prices saw four significant spikes.

Source: CoinMarketCap

The first spike propelled the price to $4.90 while market cap increased by $34 million, this was followed by a correction of prices to $4.83.

The prices couldn’t reach the $5 mark as the prices exhausted at $4.97. The third spike which was followed after the correction also lost the strength and ended up at $4.97.

The most significant rise was the one that took place on December 12, 16:10 UTC which propelled the prices beyond the $5 mark as it reached $5.15. The market cap also took a huge bump and reached $675 million.

The price fluctuation could be attributed to two reasons, the first being the launch of Binance DEX, which will swap the ERC20 token, BNB from Ethereum platform to Binance blockchain, which was announced by Binance and CZ.

It could also be due to a bug that was tweeted out by a Twitter user Uniswap.

The tweet stated:

“1/ WARNING: BNB providers

Due to a bug in the binance BNB contract it’s possible to add liquidity to the Uniswap BNB<>ETH liquidity pool but not remove it.

This bug is a variation on the “missing return value” ERC20 bug which affects several tokens.”

CZ replied to this tweet:

“Nothing new here. If you send token to a contract address, you won’t get it back. Just like if you send tokens to an address you don’t control for no reason, or a (valid formatted) address no one controls, you won’t have a way to get it back.”

CZ eventually being the humble person he is, tweeted out saying that people who had lost tokens due to this would recieve BNB from Binance.

CZ replied in subsequent tweets about this bug.

“Protecting users is not just talk. It requires action. Stay #SAFU!”

“One guy actually made quite a bit of profit out of his honest mistake. He sent it when it was cheap, and got it back when it was a big multiple.”

Continue Reading

Trending