Exploring an issue that continues to spur controversies in the more traditional circles of global finance, a new white paper by international law firm Perkins Coie claims that regulated financial institutions can ensure compliance with anti-money laundering (AML) obligations when supporting privacy tokens.

The security of Monero (XMR) users could soon be at risk after cryptocurrency intelligence firm CipherTrace announced the creation of tools that enable law enforc...

Monero—one of the top 20 coins of the global crypto market is now trading below $100 at $90 after reclaiming yearly high above $100 at $101 in the previous week itself. Monero is considered to be hedging security in a portfolio to subsidize the risk from the highly volatile cryptos if an investor holds any. XMR, during the significant sell-off in March, was stranded as low as $32 but had been continually strengthening after that.

While the world has grown increasingly connected, privacy has continued to erode. For many libertarians and users of cryptocurrency Bitcoin does not offer enough privacy. This is why tokens such as Monero (XMR) and zCash (ZEC) have made privacy their number one priority.

The Monero (XMR) price has regained the majority of its losses from the Sept. 2 decrease and is likely inside a bullish trend. The price is expected to break out from the current resistance area.

The U.S. government is charging ahead in its pursuit of privacy tokens, according to its latest sanctions.

Monero price (XMR) has soared from a low of $60 to hit a high of $105.5 in about three months.XMR is currently near the $88 price level, where it has traded for the better part of the last 24 hours.

The Monero (XMR) is seen recovering its loss in valuation since yesterday but the coin is still finding it difficult to cross above the $95 price mark.

Former Monero (XMR) lead maintainer Riccardo Spagni, known in crypto space as ‘Fluffypony’, has presented the result of more than a year’s work. Together with the law firm Perkins Coie and developers from Tari Labs, the whitepaper “Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies” has been published. The document has been conceived as a new legal framework in defense of privacy coins such as Monero, Zcash, Dash and Komodo, among others.

Monero (XMR) is the 16th largest digital asset with the current market capitalization of $1.7 billion. The average daily trading volume reached $128 million, which is the highest level since August 21. The coin has gained nearly 2% on a day-to-day basis to trade at $96.5 by press time.

Privacy coins are quietly being relegated to the fringes of the Blockchain space.

According to a publication by the privacy activist and Monero contributor known as ErCiccione, the privacy coin will undergo a major network update on October 17th. Network upgrades are technically hard forks and require all participants in the Monero network to update their software to integrate all new features. Regarding the question whether there will be a split and a new coin created, ErCiccione stated:

Authors of Satan Monero mining malware, which is commonly known for affecting vulnerable Windows systems, have extended the botnet capability to now target Linux systems. Once a system is infected, the malware uses the device to mine Monero (XMR), a privacy-focused digital currency, by deploying an XMRig miner.

Cryptocurrency intelligence firm CipherTrace announced today that it has developed a toolset for tracing Monero (XMR) transactions—and that it has done so at the behest of the United States Department of Homeland Security (DHS).

The abstract talks about the challenges faced when one of the blockchain is not enabled for “hashed timelock contracts” and on when atomic swaps become a problem.

The United States Internal Revenue Service has better ways to spend taxpayer dollars than offering bounties to break Monero’s (XMR) privacy, a Monero working group says.

Cyber Security Company 'CipherTrace' is based here in Silicon Valley - where the Global Crypto Press and countless other tech organizations call home.

Monero (XMR) was one of the first privacy coins in the world. This unique cryptocurrency pioneered multiple technologies to accomplish this critical task. Today, privacy is more important than ever. Consequently, Monero is also one of the most popular cryptocurrencies on the planet.

Leading cryptocurrency intelligence company CipherTrace has developed a tool that will enable the United States Department of Homeland Security (DHS) to track illicit transactions involving Monero (XMR).

For the most part, Monero has been following the steps of Bitcoin and others trading in a daily uptrend and consolidating for the past two weeks. The digital asset has already set a new 2020-high on August 21 at $105.99 and it’s now trading around $90.