- 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.
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,
2020 predictions from our State of Crypto year-end wrap-up (full report: https://t.co/ismqqKs1kA)
#7 is controversial. Those that don’t understand BTC will panic. However, not only would it be a positive development, it’s also an inevitable part of a successful BTC trajectory. pic.twitter.com/ePvqpH7ASz
— Spencer Bogart (@CremeDeLaCrypto) December 13, 2019