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The platform released the news about its ring confidential transactions feature (or RingCT), one which allows users the ability to hide the amount sent in a transaction, on Dec. 27. The price of XMR has since gained almost 60 percent.

Relatedly, Kraken has launched support for trading Monero as one of the leading cryptocurrencies that have seen a huge 40x market cap growth in 2016.

Monero plans a hard fork for block 1220516 to enable RingCT transactions by Jan. 9 or 10.

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