The Monero Moon (Issue 47)
The Monero Moon is a curated weekly newsletter covering all the latest news within Monero (XMR).
Note: This issue of the Monero Moon attempts to cover all the important news over the past two weeks. It is highly likely some information may have been missed due to myself attending MoneroKon 2022 and the impact of travel. If I have missed any indispensable information, please contact me and I will include it. You can also check out the Monero Observer for a healthy dose of Monero related news content.
Development, Releases, and Technology
The number of daily Monero transactions reached an all time high of 42,244 transactions on the 15th of June!
noot aka Elizabethereum, the developer working on Monero-Ethereum atomic swaps, recently provided an update informing the Monero community the User Interface now has integration with Metamask so users can sign and submit transactions entirely in their browser. More information can be found here.
benevanoff provided a demo of Simpla Vendejo, an app that runs a view-only Monero wallet to verify payments and keeps track of them in a MySQL database. This is a simple way to self host a Monero e-shop. Check out this post for more information.
kayabaNerve has released Monero Secret Sharing, a tool to generate a Monero wallet distributed across a specified amount of shares with a specified amount required to recover the wallet as a whole. Please note this is a proof of concept which only supports generating testnet addresses, and is not a multisig tool. More information can be found here.
XMRig v6.18.0 has been released. This release includes v15 Monero network upgrade support. More information can be found here.
Penumbra, a fork of the Haveno DEX that is strongly aligned with the values of decentralisation and privacy, recently published a new design document outlining that design of the protocol. Check it out here.
There is a 2 XMR bounty offered from Haveno for whoever can restore the Funds tab of the Bisq legacy desktop app. Check out this post for more information.
MasFlam has open sourced their ‘MoneroChad’ Discord bot. MoneroChad is a Discord bot that provides mainly Monero and cryptocurrency related commands. Check it out here on GitHub.
mj provided a Dev Report for May-June 2022. mj goes into detail regarding their on work decoy algorithms and SolOptXMR. Check it out here.
xmrvsbeast made an announcement to public node operators that have enabled P2Pool zmq support that the default port used for zmq by P2Pool conflicts with monerod Tor port, and that nodes should be adjusted to 18084 instead. Check out this post for more information.
Monero Observer aput out a new Dev Report to provide a big picture view of Monero development activity throughout the past week. If you’re interested in the nitty gritty, check it out here.
In case you were unaware, Monero is scheduled to undergo a network upgrade (hard-fork) on the 16th of July 2022, at block 2,668,888. This is a consensual upgrade agreed upon by the Monero community in order to improve Monero’s privacy and performance, and will require all users to update their software. The new software is v0.18 "Fluorine Fermi", and will be released one month before the network upgrade around the 16th of June. The network upgrade will include a variety of new features such as:
Ring-size increase from 11 to 16 to increase privacy
Viewtags to reduce wallet-sync times by up to 40%
Bulletproofs+ to reduce transaction sizes by ~7%, and improve verification performance by ~7%.
A complete list of upgrades and improvements will soon be released along with the new software. If you want to learn more about Monero’s upcoming network upgrade, please check out this post on the official Monero website.
If you can help with Monero’s upgrade, be it simply notifying wallet or exchange providers, please check out this ‘upgrade checklist’ to ensure all parties appropriately update their software and make the necessary changes.
Additionally, help test the upcoming major Monero release for bugs on the Monero Testnet. Testnet funds (tXMR) available for anyone willing to help out! Check out this post from garth_xmr for more information on how to get started and why you should help.
Seth For Privacy is also asking for people to test Monero's code. He has tried to make it as easy as possible by publishing a new Docker image, so anyone on Ubuntu can simply run the link above and be good to go. If you’re running a different operating system such as Windows, reach out to Seth and he will do his best to get you up and running.
The Monero Community Workgroup have began uploading videos from Monero Konferenco 2022, a Monero focused conference that took place in Lisbon last weekend. The first two videos can be viewed here, or below.
Howard Chu, also a speaker at MoneroKon 2022, has made his slides from his talk Decentralizing Monero Mining available for everyone here.
Monero Talk have published a special edition episode featuring interviews from the recent MoneroKon 2022 conference in Lisbon last weekend! Watch it here or below.
The Monero.com Twitter page held a Twitter Space event a few days ago. Check it out here!
The Monero Standard #16 has been published. Check it out on the LocalMonero.co website here!
Revuo Monero Issue #125 has been published. Check it out here for a fix of Monero news.
Bitcoin has again come under scrutiny from cryptocurrency developers, with Peter Todd pointing out the potential issues on long term chain security relying on transactions alone to incentivize miners.
It is reported that the US is looking to use monetary policy to ‘positively’ discriminate on the basis of race until they achieve equality of outcome.
A Reddit user has reported that China is looking to require internet users to be ID verified in order to participate in online discussion. Check out this post for more information.
By all reports the MoneroKon 2022 conference was a great success and was the first since 2019 due to Cvoid. There was a great variety in speakers and everyone had a great time. Follow Monero Konferenco on Twitter to stay up to date with any news that comes out related to the event.
A Monero Research lab meeting will take place on Wednesday June 29th. It is planned to include discussion regarding such as decoy algorithms and analysis of transaction volume anomalies. You can find links to and more information regarding the meeting here thanks to the Monero Observer. The MRL meeting will take place at 1700 UTC in the #monero-research-lab channel on IRC if you want to lurk in real time.
Exchanges and Merchants
Cake Labs have announced they will soon have a gift card marketplace, and allow you to buy discounted gift cards with XMR within their Cake Wallet and Monero.com wallets. This service will only be available to users in the US to begin with. They have also included an exchange auto router to enable users to receive quotes before making an exchange to or from XMR. Check out this YouTube video for more information!
Ghostnet marketplace has now launched. Ghostnet is a grassroots crypto only P2P marketplace that include jobs and product/services listings, consulting, and other privacy services. You can sell through them like you would on Amazon, or publish your own classifieds ads free of charge. Check it out here.
A Monero subreddit user is selling 1 acre of farm land in India for 500 XMR. If you are an Indian resident and are interested, check out this post for more details.
OKX has added XMR/USDC spot trading pairs.
Poloniex, a long time and somewhat controversial exchange providing XMR trading pairs, have announced they have re-enabled their Monero wallet for withdrawals after two months of being disabled.
WideVPN are now accepting payment in XMR, and are offering a free year if you pay with Monero. Check out this post for more information.
Irina, the COO of crypto exchange aggregator Swapzone.io, recently held an ‘Ask Me Anything’ on the Monero subreddit. Check it out 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.
CCS Projects requiring funding or have been recently funded:
The Monero Bounties website, an alternative to the tradition Monero CCS, can be used to raise funds for Monero related tasks. john_r365 is looking for funding to add the bounty funded amount to the home index and bounty header on the Monero Bounties website. An example is below.
The Signal forked Molly.im Project aiming to integrate support for Monero will not meet their proposed deadlines according to lead developer Oscar Mira. One of the reasons is due to the drop in price of XMR after receiving CCS funding.
Trading & Speculation
FlokiCrypto is predicting downside price action before a move up on the XMR/USD pair.
Solldy is bullish given that volatility decreased and the price reversed when XMR/USD fell into a liquidity zone.
Total Monero in Circulation — 18,138,691 XMR
Monero Total Marketcap — $2,249,667,081
Coinmarketcap Ranking — #28
XMR/USD Price — ~$124 USD
XMR/BTC Price — 0.00588 BTC
LocalMonero.co Street Price — $146 USD
Average Transaction Fee — 0.000068 XMR ($0.0084)
Hashrate —2.555 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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If you have any suggestions, corrections, or feedback, please contact me on Twitter @johnfoss69 or on Reddit u/johnfoss68.
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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.