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

Namrata Shukla



Ethereum [ETH] and Tron [TRX] Price Analysis: ETH undergoes price correction while TRX remains bullish
Source: Pixabay

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

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

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.”

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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.


Binance Chain’s ‘decentralization’ questioned by Bitcoin enthusiast; calls Binance DEX just an app




Binance Chain's "decentralization" questioned by Bitcoin enthusiast; calls Binance DEX as just an "app"
Source: Unsplash

Udi Wertheimer, an independent developer and a “Bitcoiner” posted a series of tweets taking a jab at Binance Chain, which is slated to launch on April 23.

According to Wertheimer’s tweets, Binance has not updated the “source code” or “binaries” for the Binance Chain; and despite enquiring about it on the official telegram group of Binance, he was offered any source code.

He said that Binance recommended users, who want to migrate tokens to Binance chain, use the official SDK, which will be done via official HTTP API using Binance’s trusted servers. Binance DEX, which will make use of the Binance Chain, also has no source code or binaries which are open source. He stated:

“There’s almost nothing there. So I looked for the source code. Guess what, THERE’S NO SOURCE CODE. They only have binaries, and only for a light client, no full node at all!”

He commented on the Binance Chain and the Dex that all Binance did was release an “app that connects to the API of your new centralized infrastructure”. In addition, the “Light Node” is a program that helps users access and interact with the Binance Chain in a secure and decentralized manner; the source code for which is “closed source” according to Wertheimer.

Wertheimer further added:

“Just releasing the binaries won’t be enough, and there’s no indication I could find anywhere that they intend to release the source code, like, ever. In any case, regardless of what may happen in the future, what’s released so far amounts to nothing more than a new website.”

A Twitter user, @bag_holder commented:

“Lol seems like a very Chinese thing to do. “BORROW” IP, make some edits, then keep it to oneself”

Another Twitter user, @thecryptostefan commented:

“There’s a branch with the full node implementation, no? I thought they just hadn’t merged it to master yet when I was looking last night. I think it’s the prerelease branch or one of those.”

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