The Monero Moon (Issue 42)
The Monero Moon is a curated weekly newsletter covering all the latest news within Monero (XMR).
Development, Releases, and Technology
In preparation for the Monero network upgrade in July, developers have scheduled the testnet hard-fork to take place on May 16th 2022, block 1982800 and 1983520. This was discussed in a recently dev meeting on the 7th of May that the Monero Observer provided a great summary of. Monero developers discussed relevant dates to the upcoming network upgrade and multisig updates. You can read the summary of the meeting or the raw logs, here.
Shruum Wallet, a Monerujo fork with added security by adding and removing certain features, have released a mainnet APK. Shruum wallet features mandatory Tor usage, Sideshift support removed, mandatory passwords, and Ledger Nano S Plus support. Download it here from their website. More information can be found here.
binarybaron has released v0.3.0 of the UnstoppableSwap GUI to assist with trustless cross-chain XMR<>BTC atomic swaps. The update includes Tor integration and added labels to Monero and Bitcoin address textfields.
AnonimaUzanto has created a utility to read directly from the Monero database using only Python. The utility does not require the Monero daemon and does not require any Monero code. Check it out here.
Monero contributor Howard Chu is Adding ARM MacOSX support to Monero's reproducible builds. Check out this post or the tweet below for more information.
Gingeropolous has put forward a CCS proposal to enable him to build, maintain and administrate high-end servers to facilitate and improve Monero development and research! Check it out here.
mj-xmr shared a dev report for the months of April to May. It is a comprehensive report covering things such as Monero’s decoy algorithm. Be sure to check it out here.
ditatompel shared a Public API Monero Remote Node List (json). Check it out here.
The Monero community have expressed concern over the minexmr pool having a large percentage of hashrate. At the time of writing, minexmr.com currently has over 40% of known hashrate. Miners are urged to stop mining to minexmr.com in order to ensure and build a decentralised global network. A list of alternate mining pools can be found at miningpoolstats.stream/monero.
NOWnodes provided a guide on how to run your own Monero node. Check it out here.
You can also use the official Monero GUI wallet to run a node!
The Monero Talk team released a video from the Monerotopia conference featuring Aaron Feickert “Sarang Noether”, a Research Contributor for XMR, speaking about Supply Auditing.
Another video from the Monerotopia conference worth watching is this great video featuring Monero contributor Koe, the lead developer on the Seraphis project and primary author of Zero to Monero.
Check out these old images from 2016 comparing the coin emission and block rewards of Monero and Bitcoin.
MMGen - Multi-Mode GENerator, an online/offline cryptocurrency wallet for the command line, have released v13.1.0. Check out this post for more information.
Feather Wallet are redesigning their logo and require feedback from the Monero community. Check out this post for more information.
Curious how Monero compares to other privacy tech when it comes to usage? Check out this post from Justin Ehrenhofer. Note that the right image is in log, while the left is linear. You can see no other coin or tech compares to Monero.
The Office of Foreign Assets Control (OFAC), a financial intelligence and enforcement agency of the U.S. Treasury Department, recently added a coin mixer called ‘Blender’ to its sanctions list. The list is also comprised of many BTC and ETH addresses.
Justin Ehrenhofer highlighted how much money the US government will allocate towards being able to track the payments of immigrants.
Nam Sardar, the founder and CEO of Neel Capital, recently featured on a podcast making the case for Monero. Listen in below!
Also, check out her Monerotopia talk making the bull case for Monero in the scope of an investment portfolio in the 2020’s.
The Monero Observer provided a comprehensive summary with reference links of the Monero Community Workgroup meeting from May 1st 2022. The meeting discussed the upcoming network upgrade, latest GUI/CLI releases, and CCS proposals. It also includes the raw unedited log file from the chat. Check it out here.
MoneroFox is suggesting the Monero community to celebrate the Tail Emission Day (June 8th) with ‘Monerun2’, and withdraw out all the XMRs from the remaining exchanges that are still allowing withdrawals.
A Monero Tail Emission Day Global (Meet Up) celebration is taking place in NYC, Colorado and Las Vegas on June 8th. You can celebrate the end of Monero’s nominal supply and the beginning of tail emission with your local XMR community! You can even start your own meetup in your city! More information can be found here.
The next Monero Dev meeting is scheduled to take place on Saturday May 14th 2022 at 17:00 UTC in the #monero-dev IRC channel.
The next MoneroKon 2022 Planning Meeting is scheduled to take place on Saturday, May 14th 2022 at 18:00 UTC in the #monero-events IRC channel.
The Monerokon Conference is being helding on the 18-19th of June at Arroz Studios in Lisbon, Portugal. Monerokon are also accepting presentation and workshop proposals if you want to get involved. MoneroKon is going to be a celebration of all things Monero, privacy, and financial technology, and is aiming to be ‘the’ annual meeting of privacy advocates, cypherpunks, scientists, and philosophers. Tickets to MoneroKon are now available here on the MoneroKon website.
Exchanges and Merchants
If you feel like a punt check out the recently updated MoneroPot.com. They have adjusted their referral bonus from 20% to 15% and added 5% to Monero General Fund since the referral system isn't used as much.
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.
CCS Projects requiring funding or have been recently funded:
Trading & Speculation
It’s been another down week for Monero, losing value against both USD and BTC. The entire Terra Luna / UST fiasco, along with bearish conditions in legacy markets, has been commonly mentioned by investors and traders as a reason for the dip in prices as people go ‘risk off’.
At the time of writing, the XMR/USD pair is flirting with the 200 week SMA. There could be further downside if it loses support here so bulls will be hoping for a bounce.
Total Monero in Circulation — 18,119,879 XMR
Monero Total Marketcap — $2,486,036,110
Coinmarketcap Ranking — #32
XMR/USD Price — ~$135 USD
XMR/BTC Price — 0.00472 BTC
LocalMonero.co Street Price — $166 USD
Average Transaction Fee — 0.00011 XMR ($0.016)
Hashrate — 2.647 Ghash/s
Monero Mining Pools Hashrate Distribution —
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.