Monero has risen in price to a peak of two years, and developers launched the latest Ethereum 2.0 testnet

Ripple CTO sold 40,000 ETH for $1

Ripple CTO David Schwartz said that he had sold 40,000 ETH for $1 per coin.

Today, these savings would be valued at $15.5 million. According to Schwartz, in 2012, he and his wife drew up a “risk mitigation plan” for their cryptocurrency investments, which they used as a guide for the transaction.

Schwartz also added that he regrets the sale of a significant amount of bitcoins at the rate of $750 and XRP tokens at $0.10, but did not disclose the exact volume of sales.

Private cryptocurrency Monero has risen in price to a peak of two years

Privacy-focused cryptocurrencies rose sharply in trading on Monday.

The price of Monero (XMR), the largest of them, climbed to $135 and updated its two-year high. Over the past week, XMR has risen in price by almost 20% — in comparison, Bitcoin has added only 6.5% in value. Since the March collapse, Monero rate has strengthened 4.9 fold.

On Sunday, representatives from the United States, Great Britain, Australia, Canada, New Zealand, as well as India and Japan signed a joint statement to create backdoors in encryption algorithms. This will allow authorities to access encrypted information when needed. According to CoinDesk analyst Omkar Godbole, backdoor access “potentially diminishes the privacy-safeguarding utility of such software and is driving increased interest in the privacy coins.”

Developers Launched Latest Ethereum 2.0 Testnet

The developers have launched the Zinken testnet, which should be a dress rehearsal for the launch of Ethereum 2.0.

The launch took place on Monday and was successful with enough validators and no major bugs.

The previous Spadina testnet, which served a similar function, suffered from low participation rates. The analysis showed that the problems were due to bugs in the clients.

Zinken became the first Ethereum testnet to cross the shutdown threshold in a matter of minutes. According to developer Danny Ryan, after a successful rehearsal, “Client teams are finishing audits and making final preparations for a mainnet launch.”

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