Monero Adds Multisignature Technology

The multisignature function will allow Monero to compete better with cryptocurrencies, in which this technology has already been integrated
18 December 2017   5507

Yesterday the Monero developers team announced that multisignature technology will be included in the next release. It is stated that multisig transactions and addresses will be indistinguishable from normal transactions and addresses.

Monero Twit

Multisignature Wallet structure offers an additional layer of security to cryptocurrency wallets. Such wallets require authorization from multiple users before transferring of funds.

The multisignature technology development project has been funded by the community itself and has not received any financial backing.

It is expected that the multisignature function will allow Monero to compete better with cryptocurrencies, in which this technology has already been integrated.

Monero chartsMonero Charts

At the moment of press, these are main market parameters of Monero:

Average price: $347,25

Marketcap: $5 379 859 990 USD

24h volume: $180 927 000 USD

BitBay ot Delist Monero

Exchange has to comply with “market standards” and the fight against money laundering
26 November 2019   294

BitBay cryptocurrency exchange announced the termination of support for the Monero cryptocurrency. The platform explained the decision by the need to comply with “market standards” and the fight against money laundering.

Acceptance of deposits at the XMR exchange will stop on November 29, trading will be stopped on February 19, 2020. In addition, due to the Monero network hard fork planned for November 30, the withdrawal of XMR will not be possible from November 29 to December 5.

Users are asked to finally withdraw funds by May 20 of next year.

Monero (XMR) can selectively utilize anonymity features among projects. This feature of XMR is a subject to end of transaction support. The decision was made to block the possibility of money laundering and inflow from external networks. Monero (and other cryptocurrencies with this specification) has been already delisted on other fiat-crypto exchanges for the same reason. As a licenced exchange, BitBay has to follow the market standards.
 

BitBay

 As you can see, BitBay named Monero's anonymity as the reason for delisting.