THORChain, which is a decentralized cross-chain protocol, has completed an upgrade. The upgrade now supports native Monero (XMR) cross-chain swaps, according to a report by Crypto Briefing that was relayed by Techub News. This upgrade is designed to give privacy-coin users more transaction autonomy, in response to the growing regulatory pressure that exchanges are facing. Following the upgrade, the price of Monero increased by about 8.9%. The integration of native XMR means that users can now swap Monero directly on the THORChain protocol. The news was first covered by Crypto Briefing. The project has described the upgrade as a way to provide more trading autonomy for privacy coin users. The 8.9% price rise happened after the upgrade was announced. There were no additional technical details provided about the upgrade in the report. The upgrade was a direct response to the increasing regulatory pressure on exchanges. Monero is a privacy coin, and its native token is XMR. THORChain is a decentralized cross-chain protocol for swaps between different networks.
Decentralized cross-chain protocol THORChain has completed an upgrade that now supports native Monero (XMR) cross-chain swaps, according to Techub News. The upgrade is designed to give privacy-coin users more autonomy over their transactions, as exchanges face growing regulatory pressure.
Following the upgrade, the price of Monero rose by about 8.9%. The development was originally reported by Crypto Briefing.
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