Amid IRS bounty and competitor progress, Monero developers ship a major update

First announced in September, Monero developers today went live with a network update featuring a new version of its node software, codenamed ‘Oxygen Orion.’ The product of 30 contributors, the update promises significant improvement across nearly all aspects of the privacy-focused cryptocurrency’s performance.  The highlight of the new update is the compact linkable spontaneous anonymous group (CLSAG) feature. According to the Monero blog, CLSAG will reduce transaction sizes by 25% and improve transaction times by 10% while maintaining transactional privacy. The developers wrote:  “CLSAG enables smaller and faster transactions with…

Read More

The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning

The United States Internal Revenue Services (IRS) has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins like Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) Lightning Network.  The official proposal, published last week, says the IRS will accept submissions in the form of working prototypes until September 16. If accepted, applicants will receive an initial payment of $500,000. This grant will allow applicants to develop their prototype into a working concept over the next eight months. Once the pilot test…

Read More

Tron Obstructed Legitimate Attempts to Claim Its $1 Million Twitter Hack Bounty

There is more to Tron’s bounty on the Twitter hackers than the company is willing to talk about. An anonymous source contacted this Cointelegraph reporter, asking to be put in touch with Tron to collect the company’s $1 million bounty for identifying the people responsible for last week’s Twitter hack. Cointelegraph extended the courtesy of connecting this source with Tron after examining the highly credible evidence that was on offer. It was surprising to then observe Tron representatives make every excuse to avoid a source who had come forward with…

Read More

Gitcoin Teams Up With ETCLabs for Crypto Bounty Payments in ETC

Crypto bounty payment platform Gitcoin announced it has enabled contributor payouts in Ethereum Classic (ETC). In partnership with Ethereum Classic Labs, bounty seekers now have the option to receive pay in ETC for their work on various open-sourced projects, Ethereum Classic Labs said in a March 16 announcement. The ETC core team confirmed to Cointelegraph that this partnership provides the option for ETC payout, regardless of the project being worked on. “This allows hunters to receive pay in ETC for our bounties and enables people who want to pay in…

Read More