The CEO of Coinbase Brian Armstrong and the cybersecurity pioneer John McAfee are praising privacy coins. Meanwhile, a privacy coin Monero (XMR) gains 5%.

The hashrate of Monero reached an all-time high (ATH) of 1.1358G a few days ago. However, while many welcomed the development, it also lent fuel to a few debates within the Monero community. While many were unsure as to what caused the hash rate of Monero to spike, others voiced skepticism of some who claimed that Monero’s recent hard form was the reason behind the hash rate reaching a new ATH.

The hash rate of Monero (XMR) cryptocurrency has surged up by 186% after the company has upgraded its network by implementing the RandomX.

Monero has witnessed a dramatic movement in the last week. And in the said timeframe, XMR price has risen by 6.26%. The momentum has been lost now, and it is unlikely to grow at the previous bullish line further. As per the current trend, it may trade up to its weekly support area around $62 in the near-term.

Monero (XMR), the biggest privacy-focused cryptocurrency by valuation, increased from $44 to $58 in the past seven days by a staggering 30 percent.

Zero-fee trading has been taking traditional equity markets by storm, as major brokerage firms adopt the model to stay competitive. While this is quickly becoming the standard for stock trading, most crypto exchanges rely on fees, and brokerage firms are still few and far between.

XMR Riccardo Spagni shifts roles from being the lead maintainer to a backup maintainer. He will further work on Tari, but there is not as much hype for Tari.

Bad actors are now embedding the MyKings Monero (XMR) mining botnet in JPEG images of popular singer, Taylor Swift, in a bid to cover their cryptojacking activities on their hosts’ computers, according to a ZDNet report on December 19, 2019.

The European Union Agency for Law Enforcement Cooperation, also known as Europol, has confirmed that Monero transactions remain anonymous as the agency is following the development of privacy coins.

XMR trades with heavy fluctuations over the last two days, and the price has now gone below $65. Though the degree of drop seems not significant, its continuity may irk the investors. However, Monero may witness a price recovery soon as per the current movement noticed.

The departure of Ricardo ‘Flufllypony’ Spagni as the leading developer of Monero caused a stir in the community of the privacy coin. In an interview with Monero Talk, Spagni outlined why he quit and the current challenges posed to the cryptocurrencies ecosystem.

Monero is arguably the biggest single-digit gainer on the first Friday of December. The crypto has increased in value by 2% on the day after opening the trading session at $55.01. The price ascended to an intraday high of $55.35 and currently teeters at $54.16.

The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule, in a Dec. 5 blog post.

Snipa spoke on his views on the future of the cryptocurrency market. He explained how there is not a single coin suitable for all use cases. He stated: “The idea that a single currency is going to be better than the rest is completely absurd to me […] Certainly, in some ways you can consider the fact that bitcoin is a transparent ledger where you can see how funds are flowing is actually a positive in a lot of use cases, it’s not a positive in every use case which is somewhere Monero shows off.”

Riccardo Spagni, known as Fluffypony, ventured down as the lead maintainer of the Monero. Various reasons went into this choice, including centralization worries from being the lead figure for the task. The Monero Core group made a declaration recently with regard to certain job changes inside the undertaking.

Monero (XMR) has once more reaffirmed its commitment to the idea of decentralization as new mining rules have narrowed the advantages for having expensive mining hardware.

XMR coin was priced $52.61 at the beginning of the month and soon rose to $53.84. For the next two days, Monero’s price was able to reach $55.79 by a 5.50% hike. On December 04 and 05, the coin was traded twice at the price level of $52. XMR price managed to rise from $52 and was able to rise marginally to $54.92 on December 7. From December 13 onwards, the trend has changed as the bears have gained back their hold over the coin.

The past 72 hours has been a revelation in the cryptocurrency field as the top digital assets gained handsomely showing possible signals of a bullish breakout in the coming days. Monero (XMR), a privacy coin, breached into the top 10 largest cryptocurrencies list on Coinmarketcap after soaring 4.71% in the past 24 hours. The total market capitalization of XMR stands at $1,012,495,092 USD, as at time of writing.

The Monero (XMR) network has been successfully upgraded to RandomX, a new mining algorithm that aims to be ASIC-resistant.

The hash rate of Monero (XMR) dropped by 80% when the cryptocurrency machines stopped working during the hard fork meant to curb ASIC Mining.