Monero light and hardware wallets to be launched

Monero light wallets are reaching the final stage and users will be able to store XMR in a hardware wallets
15 September 2017   1823

Monero light wallets are reaching the final stage and users will be able to store XMR in a hardware wallets, as reported by btcmanager.com.

Thus, up to now, Monero users have relied on the official Graphical User Interface and Command Line Interface wallets, with no mobile or hardware support. There was hope that Jaxx would integrate Monero into their blockchain wallets, but then the company announced it would stop the project. According to Jaxx,  there were difficulties in obtaining the required information to build a light wallet, as the privacy-focus meant that basic operations like asking a node for information were not possible.

However, now there is a new hope for wallets to support wider adoption. As btcmanager.com details, the bounty for a light wallet meeting various conditions was claimed by the creator of the Android wallet, Monerujo. For creating an Android wallet where users can connect to their own node, receive and send payments with QR codes, as well as other functions, a bounty of 36.44 XMR (worth $3,414.42 at the time of writing) was awarded to m2049rthe individual who developed the software.

Hence, once extensive testing ensures the wallet is safe, the wallet will be available on the Google Play Store and F-droid, an alternative for free and open-source software.

Monero on coinmarketcap.com Monero on coinmarketcap.com

At the time of writing, Monero cryptocurrency price is about $94, its market capitalization $1,415,111,928.

OKEx Korea to Delist Anonymous Coins Due to FATF

Monero, ZCash, DASH, Horizen and Super Bitcoin won't be supported starting from 10th of October
16 September 2019   145

The Korean division of the OKEx cryptocurrency exchange has announced the delisting of five anonymous coins, as they violate FATF standards.

On October 10, the site will stop supporting Monero, ZCash, DASH, Horizen and Super Bitcoin.

Recall that the FATF obliged the bitcoin exchange and other cryptocurrency service providers (VASPs) to follow AML and CFT procedures similar to traditional financial companies.

VASPs must exchange the personal data of participants in transactions and information about the balance of their wallets.

OKEx Korea emphasized that anonymous cryptocurrencies will not allow the exchange to comply with these rules.