The Monero Moon (Issue 34)
The Monero Moon is a curated weekly newsletter regarding all things Monero.
Development, Releases, and Technology
selsta provided an update to their work as a Monero developer. While working towards getting Monero ready for the next network upgrade, selsta has been debugging the Monero GUI wallet, and finished a seed redesign. Check it out in the update below or here for more detail.
Justin Berman shared a development report update regarding his work on Monero. Of note is the pull request submitted to increase Monero’s ring size to 16! Read more here.
Monerujo v2.4.1 "Baldaŭ" has been released! Monerujo is an android wallet for Monero, and even offers Ledger hardware wallet support. New features to this recent update include multiple colour themes and UI tweaks. More information regarding this release can be found here.
Haveno, a non-custodial, decentralized exchange being built on Monero and Tor, recently announced plans for their front-end development. You can read more about it and their CCS proposal here.
One lucky Monero miner solo mined a block in less than a week, using a single PC with a Ryzen 5 3600 with around 2500 H/s!
It is highly recommended you run a node to help secure the Monero network. You can also solo mine via the official Monero GUI wallet which can be found here, or partake in pool mining and join the decentralized and permissionless P2Pool. You can even mine XMR on a mobile device! The official Monero website getmonero.org is a fantastic place to get started mining with lots of helpful information.
CryptoGrampy is building an Android GUI Monero node (for which he has a CCS funding proposal for). This week on Twitter CryptoGrampy informed everyone that he has started the work of updating the UX and functionality of an old android Aeon node he found archived on Github, and is hoping to adapt it to Monero.
hinto-janaiyo has released XMRig-Auto-Build v1.2. XMRig-Auto-Build is a bash script that builds the latest XMRig straight from source. Check it out here!
xmrsale have released v2.0. xmrsale is a lightweight Monero payment processor with a woocommerce plugin that allows anyone to accept Monero. While xmrsale advocate for users to run their own node, they understand this is not a possibility for everyone, so with the update you can now run xmrsale without hosting your own Monero node. Check out xmrsale here.
It is now official that a nation state accepts Monero donations.
Monero featured heavily in Motherboard’s article What Happened to the Dream of Private Cryptocurrency? This is a great article, discussing Monero and privacy technologies place in the world today and moving forward. It features Monero advocates Seth Simmons and Vik Sharma who do an excellent job highlighting Monero’s uniqueness.
Bitcoin.com published an article titled Privacy Crypto Assets XMR, ZEC See Double-Digit Gains Amid Tightened Global Economy. You can read the article here.
Wasabi Wallet, a privacy-focused Bitcoin wallet that implements trustless CoinJoin announced they will start refusing unspent transaction outputs (UTXOs) from registering to coinjoins. Wasabi developer nopara73 came out to say this is “a major setback in Bitcoin’s fungibility”. Wasabi wallet users already were subject to crypto exchanges such as Binance and Bitfinex freezing their accounts for withdrawing BTC to Wasabi, or attempting to withdraw BTC to Wasabi wallet. Unfortunately for Wasabi wallet, it is likely to be difficult for them to attract or retain users now.
The Financial Times published an article titled NCA calls for regulation of crypto mixers used in ‘churning criminal cash’. The article details how the UK’s National Crime Agency has called for the regulation of sophisticated mixing technology used by criminals to avoid detection when laundering money through cryptocurrencies.
The European Parliament’s economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union.
It was reported by Reuters that Ukranian border guards have seized “16 kilograms of gold, tens of thousands of dollars and euros and thousands of packs of cigarettes from Ukrainian diplomats as they tried to smuggle them into neighbouring Poland”. One has to wonder, if they held Monero or another cryptocurrency’s private keys while crossing the border, would they have run into the same issues?
N.S. Lyons published an article titled Just Say No to CBDCs. Lyons provides an entertaining dystopian narrative, followed by insightful discussion regarding the negative implications a central bank digital currency may have on society.
Comedian turned political activist Russell Brand published a YouTube video arguing the need to adopt and use cryptocurrencies to promote freedom and avoid government overreach.
MAGIC Grants, a public charity that provides undergraduate scholarships for students interested in cryptocurrencies and supports various critical cryptocurrency public payment infrastructure, reported they have over 74 XMR on their balance sheet.
The next MoneroKon 2022 Planning Meeting is scheduled to take place on Sunday, March 20th 2022 at 18:00 UTC in the #monero-events IRC channel. Additionally, check out the MoneroKon 2022 website for more information on the upcoming Monero conference to be held in Lisbon in June 2022. They are also accepting presentation and workshop proposals if you want to get involved.
The Monerotopia event is taking place in Miami on April 7th, and they have an amazing lineup of speakers and even Crytp0 Bear is putting on a concert. Head over to their website and grab a ticket to one of the hottest Monero conferences around!
Guns N’ Bitcoin’s Freedom Tech Trade Show and Conference is taking place in Miami from the 9th-10th of April. This year they’re adding the topic of Monero, and the conference will feature talks from members of the Monero community. More information can be found here.
Exchanges and Merchants
MoneroUK shared a YouTube video tutorial demonstrating how to exchange BTC to XMR via Cake Wallet.
The Monero Observer’s Spring 2022 CCS proposal has been approved and is now accepting contributions. Support their work here.
Several crowdfunding proposals are awaiting community feedback before they can start accepting funds through the Community Crowdfunding System (CCS). For now they are just proposals, but if they receive some positive feedback from the community they will be moved to a “Funding Required” stage so that they can accept Monero donations through the CCS.
CryptoGrampy proposed a bounty for an Android GUI Monero node. You can read more about it here.
Winston has put forward a CCS proposal seeking funding to create a FOSS Android app called Whatnero that will encompass all of the available information regarding Monero in a user-friendly manner so that newcomers or experts can easily access all of the information to learn about Monero. Check out the proposal here.
Haveno has put forward a proposal to fund their front-end development. You can read more about it and their CCS proposal here.
Finally, we at The Monero Moon have also put forward another CCS proposal for funding the next 18 issues. If you enjoy reading the Monero Moon please show us some support and comment whether you support our proposal. Our previous CCS proposal from last year can be found here.
Trading & Speculation
XMR/USD has printed an ascending triangle on the daily chart. This is a bullish pattern that has just broken out. Target of $300+
DonYakka published a chart predicting bullish price momentum for XMR. His potential targets are well up into the four figure range.
Total Monero in Circulation — 18,093,829 XMR
Monero Total Marketcap — $3,387,942,048
XMR/USD Price — $188 USD
LocalMonero.co Street Price — $203 USD
Average Transaction Fee — 0.00013 XMR ($0.025)
Hashrate — 2.968 Ghash/s
Monero Mining Pools Hashrate Distribution —
Spotted on the streets of Stockholm…
If you like the newsletter and want more of this content, then shout me a round of beers by donating some spare Monero you didn’t lose during your boating accident.
Want to help contribute to the Monero Project? Developers, marketers, event coordinators, translators, Instagram personalities, meme creators, public speakers — whatever your skills may be, it is extremely likely there is something you can do to assist. I urge you to reach out to the Monero community on Reddit, IRC, GitHub, Twitter, or Telegram. The official Monero website is GetMonero.org.
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DISCLAIMER: This publication contains opinion for informational purposes only and does not constitute investment advice. Information may contain errors and omissions. Use solely at your own risk. The author of this publication and/or the authors of articles linked to from this site may have financial investments that may bias their opinions, including ownership of Monero currency. Always do your own research, form your own opinions, and never take risks with money or trust third parties with out verifying their credibility.