The Monero Moon (Issue 45)
The Monero Moon is a curated weekly newsletter covering all the latest news within Monero (XMR).
Development, Releases, and Technology
Monero’s Tail Emission is in approximately six days on the 8th of June. A few weeks back the official Monero Twitter handle put out a tweet thread outlining why Monero has a tail emission, how it works, and what it means for users. Check it out below.
Below is a video of Dr. Kim explaining Monero’s tail emission and supply schedule in comparison to Bitcoin, and why it’s good. Thanks to Untraceable for bringing this to everyone’s attention again. Watch it below.
ᴜɴᴛʀᴀᴄᴇᴀʙʟᴇ @DontTraceMeBruhLoading #Monero Tail Emission ▓▓▓▓▓▓▓▓▓▓▓▓░░░░ ⌛️ 𝟯𝟴 days to go 𝟐𝟕𝟓𝟖𝟗 blocks left https://t.co/sWpaVKcWQ4
SChernykh released P2Pool v2.1. It includes a range of changes such as Stratum server now using automatic difficulty adjustment by default, and it’s handling of internet outages is more robust as it can now fully restore after long-lasting outages. Check out the update here.
PiNodeXMR v5 has been released! According to PiNode, it is the closest thing to a Monero OS for single board computers. It is open source and free, and supports Tor and I2P, P2Pool, a block explorer, and many other beginner friendly features. Essentially, PiNode-XMR will allow you to run your own full or pruned node on a low power device 24/7, and spend your XMR privately on your own node that you can trust. Learn more here and here.
DangerousFreedom1984 provided an update on their work regarding the development of Python tools and educational material for checking inflation in Monero. DangerousFreedom1984 claims to have not found any bugs that could lead to inflation up to now. You can learn more here.
Monero Talk published a video from the Monerotopia conference featuring Lee Clagett aka VTnerd, a Monero Developer and an XMR p2p Network Expert, discussing the importance of P2P encryption in Monero.
Monero’s favourite geriatric, CryptoGrampy, has made an alpha release of the Monero HotShop Point of Sale. Please note, it's in an alpha state and you should only be using it with test amounts and test wallets. If you can test the software and provide any feedback to Grampy before he dies of old age that’d be great. You can find more information about the Monero HotShop Point of Sale here.
Spirobel has created a repo to collect scripts to play with the monero-wallet-rpc! Check out the tweet below for more information.
Aki Mayumi has released the mobile wallet Shruum v1.2.1 on their website. Check out the tweet below for more details.
UnstoppableSwap announced they are planning to continue developing BTC<>XMR Atomic Swaps and a GUI application to support this. UnstoppableSwap developer Binarybaron explained it is being built around the swap-cli and will empower even non-technical people to swap their BTC for XMR in a safe, decentralized and trustless manner. They have also opened a CCS to help fund the development. Check out this post for more information.
Mjxmr provided an update of his project SolOptXMR - Solar Optimal mining of XMR, with the goal to create open-source software that aids people mining Monero with excess solar power. Mjxmr informed the community the initial setup has been completed. More information can be found here.
HackerIndustrial is proposing to develop a Monero specific fork of Seedsigner called Monerosigner. Monerosigner will be an offline signing hardware wallet built around the raspberry pi zero SBC. HackerIndustrial is planning on forking the codebase and removing the bitcoin components and replacing them with Monero/privacy specific features. Read more about it here.
A Monero Research lab took place on June 1st. It includes discussion regarding multisig and decoy algorithms. You can find links to and more information regarding the meeting here thanks to the Monero Observer. MRL meetings usually take place at 1700 UTC in the #monero-research-lab channel on IRC if you want to lurk in real time.
Midipoet recently represented the Monero community at the Oslo Freedom Forum, an annual human rights conference run by the Human Rights Foundation and largely Bitcoin focused. You can read his report of the conference here.
Cake Wallet, a mobile wallet that originally began as a Monero only wallet, announced they are now sponsors of the What Bitcoin Did podcast. The ad can be listened to in the tweet below, and promotes using Monero as a method to spend privately!
AMBcrypto published Will Monero [XMR] be able to rally amid recovering broader crypto sentiments. Check out the article here.
Monero Talk recently interviewed Nam Sardar, founder of Need Capital and Monero advocate. Doug and Nam chat about the importance of digital cash and why they see Monero as the best shot at having true cash in the digital age.
Monero Talk also released a video from the Monerotopia conference featuring Henry, the CEO Techlore, speaking about building usable privacy tools.
hoiru, the creator of iseeyour.cash, announced the launch of moneroj.info, a site where they will be sharing knowledge and useful articles about Monero for newbies and non-tech savvy people. More information can be found here.
LoveraTV published a news video for all the Monero Spanish speakers in the community. Watch it on YouTube below and switch on English subtitles.
Miro, a popular online collaborative whiteboard platform, now includes a Monero icon.
melon_crust is building a website to help people learn all about Monero. Check out learnmonero.co!
A Monero Tail Emission Day Global (Meet Up) celebration is taking place in NYC, Denver, Las Vegas, Chicago, Florida, Georgia, and more places 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! Monerotopia are also live streaming an episode and broadcasting with fellow Monero meetups all around the globe! More information can be found here. Reach out to @chowbungaman in the Monerotopia Telegram, or Matrix chat if you want create your own meetup or want to join one. You can also email them at email@example.com
The next Monerokon 2022 Planning Meeting is scheduled to take place on Saturday, June 4th 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 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. Please note the Monerokon Conference in 2022 is now SOLD OUT, but more tickets may become available.
Monerokon are also looking for volunteers to help out with a number of different roles at the conference, so if you can lend a hand reach out to them here.
Majestic Labs, an instant crypto exchange focused on privacy and Monero, have announced they are giving away 40 tickets to Monerokon for free. All you have to do is contact them explaining why you think you should go. Check out this post for more information.
Exchanges and Merchants
Coincards have again reported increased global usage of Monero on their services, up from 20% to 25%, second only to Bitcoin. Monero is also the most used currency on Coincards within the USA with 44% of the share.
You can now buy and sell Monero with fiat including USD, EUR, CAD, and GBP on Monero.com
A new service called FiatRefill has been developed for those wanting to spend XMR. FiatRefill is an online platform that allows you to spend your crypto in ANY online store! Check out their website for more information.
If you’re a Nano holder, you can now trade it for Monero on Kuyumcu, a cryptocurrency swap service. Please read the FAQ before using the service as there are minimum and maximum tx amounts.
OrangeFrem.com, a website which compares rates on instant, KYC-free exchanges, offering the OrangeFren Guarantee. The OrangeFren Guarantee is that they will refund you if your money is stolen, or if you're forced to lose your privacy and undergo KYC questions, or if the exchange lies about their exchange rate. Check out this post for more details!
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.
Trading & Speculation
On the XMR/BTC pair, Monero has officially broken out from a four year down-trend against Bitcoin and the monthly candle has closed above the line of resistance. Bulls can hope to see the ratio keep moving up. A pullback and retest to around ~0.0059btc could be healthy.
Monero’s dominance of the total crypto marketcap has been on the increase for the past four months now.
Since mid December 2021, Monero has been trending up against Ethereum, establishing higher lows for over 5 months.
Trade Ogre saw some large XMR buy bids come in over the past few days. On May 30th someone traded well over 120 BTC to more than 19,000 XMR by placing one massive buy wall order on Trade Ogre Exchange. The buy wall started off at 0.00645btc then was shifted up to 0.0066 to ensure the order was filled. Thanks to 1centarmy for bringing this to everyone’s attention.
A Twitter user who goes by the name of Ergo claims the buyer of XMR on Trade Ogre to be the Cream flash loan exploiter.
∴Ergo∴ @ErgoBTC@DontTraceMeBruh @tdrud Both burns from the same address. Seems to be related to the Cream Flash Loan exploiter? https://t.co/SBgZlRTWiQ renBurn #1: https://t.co/M1QDJXZFOK https://t.co/zGGsksUea2 ren Burn #2: https://t.co/ttPN6BNSTM https://t.co/d7flb0Hcbm https://t.co/y3bQaZKE1N
Chad Thackray, a software developer, recently spoke at the Monerotopia conference regarding Monero’s price profile and why it matters. Watch it below.
Total Monero in Circulation — 18,129,242 XMR
Monero Total Marketcap — $3,506,789,322
Coinmarketcap Ranking — #25 (last week #25)
XMR/USD Price — ~$195 USD
XMR/BTC Price — 0.00650 BTC
LocalMonero.co Street Price — $225 USD
Average Transaction Fee — 0.00012 XMR ($0.022)
Hashrate —2.877 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. wwwThe official Monero website is GetMonero.org.
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