XMR Hits 10-Month Low Amid 2020 Prediction: Major Exchanges Delisting & Core Members Stepping Down

  • Monero lead maintainer Riccardo Spagni aka fluffypony steps down
  • Blockchain capital predicts the privacy coin to be delisted from major exchanges

After serving the Monero project for more than five years, the lead maintainer Riccardo Spagni, known as fluffypony is stepping down from its position, announced the team on Monday.

Spagni, one of the four individuals in the group called Magica Crypto Friends hosts an annual conference called the Magic Crypto Conference.

Snipa, a long-time contributor of the project will take over his place but fluffypony will continue to work in the capacity of a backup maintainer to fill in the position when the situation calls for.

Spagni explained that this hasn’t been a surprise development rather has been in talks for more than two years now. Looking ahead, he will continue to focus on the broader Monero ecosystem, the privacy ecosystem especially Tari, an open-source centralized project that is built as a sidechain to the Monero blockchain.

The fifteenth largest cryptocurrency is down 25% in the past month and is currently trading at a level last seen in early February.

Trading at $45.84, XMR is still down 92% from its all-time high of $593.

XMR price down 3% YTD, Source: TradingView

Meanwhile, anti-money laundering standards are pushing crypto exchanges to delist privacy-focused cryptocurrency.

Estonia-based BitBay announced the delisting last month and a month before that Korean exchange OKEx said that it would no longer allow the digital currency to trade on its platform.

This isn’t expected to stop next year as well rather can be even worse predicts Blockchain capital. The company in its 12 bold 2020 predictions stated, “privacy coins are delisted from major exchanges,” as shown in a tweet,

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin’s Intrinsic Value has Effectively Doubled After Halving: JPMorgan Report

Bitcoin “markets effectively priced in a 25% decline in the amount spent on energy per day,” says the “Global Markets Strategy: Flows & Liquidity”...

China’s National People’s Congress (NPC) Suggests a Government-Backed Blockchain Fund

The National People's Congress (NPC) in China has proposed the creation of a government-backed blockchain fund in its ongoing annual meeting. The Chinese legislative body...

The Mysterious Entity that Caused the Bitcoin Network fees to Jump 146% in May

Bitcoin price has yet again taken a dive to $8,800, recording a drop of 4%. Meanwhile, Network Demand Score which is a metric incorporating network...

Ledger and Trezor Crypto Wallets Dismiss ‘Rumored’ Hack Through a Shopify Exploit

A hacker has allegedly compromised the databases of Ledger, Trezor, Keepkey and Shapeshift hard wallets in a Shopify exploit. These storages are considered to...

Tulip Trust Addresses are Used by Someone to Sign “Craig Wright is a Liar and a Fraud”

Some of the addresses that Craig Wright, who claims himself to be the pseudo-anonymous bitcoin creator Satoshi Nakamoto, has filed in the ongoing court...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today