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💎 Monero ($XMR): Privacy and Growth Potential! 🔒🚀 Monero, the ultimate privacy coin, is gaining momentum as digital privacy becomes a top global priority. 🌍✹ With its unmatched anonymity, fungibility, and expanding adoption, $XMR is primed for long-term growth. Analysts predict rising demand will fuel significant price increases as more users seek secure and private transactions. 📈💾 🌐 Binance Suspends $XMR Spot Trading: In response to global regulations, Binance has paused spot trading for Monero. đŸš«đŸ’± But don’t worry—$XMR is still available on trusted exchanges like KuCoin and Kraken, offering easy ways to trade and invest. đŸ’»đŸ”‘ 🚀 Why Monero Stands Out: ‱ Complete Privacy: Hidden transactions and untraceable coins. đŸ•”ïžâ€â™‚ïžđŸ”’ ‱ Global Demand: More people are turning to $XMR for secure financial independence. 🌟💡 ‱ Future Growth: With its unique features, Monero is set to thrive in the evolving crypto space. đŸ’ŽđŸ”„ 💬 What’s Your Take? Are you holding $XMR or planning to invest? Let’s discuss its potential below! 👇✹ #Monero #xmr #CryptoPrivacy #Binance #CryptoGrowth
💎 Monero ($XMR): Privacy and Growth Potential! 🔒🚀

Monero, the ultimate privacy coin, is gaining momentum as digital privacy becomes a top global priority. 🌍✹ With its unmatched anonymity, fungibility, and expanding adoption, $XMR is primed for long-term growth. Analysts predict rising demand will fuel significant price increases as more users seek secure and private transactions. 📈💾

🌐 Binance Suspends $XMR Spot Trading:
In response to global regulations, Binance has paused spot trading for Monero. đŸš«đŸ’± But don’t worry—$XMR is still available on trusted exchanges like KuCoin and Kraken, offering easy ways to trade and invest. đŸ’»đŸ”‘

🚀 Why Monero Stands Out:
‱ Complete Privacy: Hidden transactions and untraceable coins. đŸ•”ïžâ€â™‚ïžđŸ”’
‱ Global Demand: More people are turning to $XMR for secure financial independence. 🌟💡
‱ Future Growth: With its unique features, Monero is set to thrive in the evolving crypto space. đŸ’ŽđŸ”„

💬 What’s Your Take? Are you holding $XMR or planning to invest? Let’s discuss its potential below! 👇✹
#Monero #xmr #CryptoPrivacy #Binance #CryptoGrowth
🚹 BREAKING: Amin Rahman Sentenced for Funding IS with Cryptocurrency 🚹In a landmark case, Amin Rahman, a UK resident, has been sentenced to prison for financing terrorism by sending over ÂŁ16,000 worth of cryptocurrency to the Islamic State (IS) group. This case sheds light on the darker side of digital currencies and the growing need for stringent regulations. --- 🔎 The Case Unveiled Using the Monero app, Rahman transferred funds to support the IS group. Known for its advanced privacy features, Monero enables users to hide the origins, amounts, and destinations of cryptocurrency payments, making it a favored choice for illicit activities. 🔐 How Did He Get Caught? Despite his calculated efforts to avoid detection, Rahman’s transactions were uncovered through modern forensic techniques and the persistent work of security agencies. Investigators pieced together his activities, proving that even in the digital age, anonymity is not guaranteed. --- ⚖ A Warning to All This case is a stark reminder that: 1ïžâƒŁ Cryptocurrencies Can Be Traced: No matter how private a platform claims to be, forensic tools are becoming increasingly sophisticated. 2ïžâƒŁ Criminals Will Face Justice: Rahman’s conviction is a warning to anyone misusing digital currencies for illegal purposes. --- 🌐 A Call for Global Action As cryptocurrencies become more widely adopted, so does the potential for misuse. Authorities are urging for: Stronger Regulations: To prevent digital assets from being exploited for harm. Enhanced Global Cooperation: To track and prosecute offenders across borders. Increased Awareness: To balance the benefits of blockchain technology with the risks of illegal activities. --- This case highlights the double-edged nature of technology. While cryptocurrencies can revolutionize finance, they can also be used for harm. It’s up to governments, organizations, and the crypto community to ensure these tools are used responsibly. Stay informed, stay vigilant. 📱 | | | |

🚹 BREAKING: Amin Rahman Sentenced for Funding IS with Cryptocurrency 🚹

In a landmark case, Amin Rahman, a UK resident, has been sentenced to prison for financing terrorism by sending over ÂŁ16,000 worth of cryptocurrency to the Islamic State (IS) group. This case sheds light on the darker side of digital currencies and the growing need for stringent regulations.
---
🔎 The Case Unveiled
Using the Monero app, Rahman transferred funds to support the IS group. Known for its advanced privacy features, Monero enables users to hide the origins, amounts, and destinations of cryptocurrency payments, making it a favored choice for illicit activities.
🔐 How Did He Get Caught?
Despite his calculated efforts to avoid detection, Rahman’s transactions were uncovered through modern forensic techniques and the persistent work of security agencies. Investigators pieced together his activities, proving that even in the digital age, anonymity is not guaranteed.
---
⚖ A Warning to All
This case is a stark reminder that:
1ïžâƒŁ Cryptocurrencies Can Be Traced: No matter how private a platform claims to be, forensic tools are becoming increasingly sophisticated.
2ïžâƒŁ Criminals Will Face Justice: Rahman’s conviction is a warning to anyone misusing digital currencies for illegal purposes.
---
🌐 A Call for Global Action
As cryptocurrencies become more widely adopted, so does the potential for misuse. Authorities are urging for:
Stronger Regulations: To prevent digital assets from being exploited for harm.
Enhanced Global Cooperation: To track and prosecute offenders across borders.
Increased Awareness: To balance the benefits of blockchain technology with the risks of illegal activities.
---
This case highlights the double-edged nature of technology. While cryptocurrencies can revolutionize finance, they can also be used for harm. It’s up to governments, organizations, and the crypto community to ensure these tools are used responsibly.
Stay informed, stay vigilant.
📱 | | | |
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Bullish
$SCRT has almost the same function as #Monero , if this coin maybe could enter the other side of maket like its brother it might reach the same price as it is predecessor how much again is it? 3 digits ? 4 digits ?
$SCRT has almost the same function as #Monero , if this coin maybe could enter the other side of maket like its brother it might reach the same price as it is predecessor how much again is it? 3 digits ? 4 digits ?
Meanwhile in the underground... Monero-forks are all the rage right now. RYO ZEPHYR Protocol #RYO #ZEPH #Monero
Meanwhile in the underground...

Monero-forks are all the rage right now.

RYO

ZEPHYR Protocol

#RYO #ZEPH #Monero
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Most popular privacy coins: To better explain privacy coins, here are some popular privacy coins: Beam: Beam uses the Mimblewimble (MW) protocol, which eliminates the need for any address. This currency makes transactions without addresses. Dash: Dash is a fork of Bitcoin based on the CoinJoin method. Dash gives users the option of whether they want the transaction to be public or private. Monero: Monero has the largest market cap on the list of privacy coins. It was launched in 2014 as a fork from Bytecoin. Monero relies on stealth addresses and ring signatures to hide everything from sender and recipient addresses to an entire amount. Verge: Verge is an open source project run by volunteers. The project aims for privacy via I2P and TOR, as these protocols encrypt data. After encryption, TOR sends communications to a distributed network run by volunteers. This combination completely hides IP addresses for untraceable transactions. Verge was originally launched as “DogeCoinDark” as an anonymous version of “Dogecoin”. Zcash: Zcash relies on the zk-SNARKs protocol to hide personal and confidential data, such as cryptocurrency addresses and the amount in the transaction. One of the unique features of Zcash is that it not only offers completely private transactions, but it also offers completely public transactions and the ability to make some aspects of a transaction public and some private. $DASH {spot}(DASHUSDT) #zcash #monero #verge #BEAMX
Most popular privacy coins:
To better explain privacy coins, here are some popular privacy coins:
Beam:
Beam uses the Mimblewimble (MW) protocol, which eliminates the need for any address. This currency makes transactions without addresses.
Dash:
Dash is a fork of Bitcoin based on the CoinJoin method. Dash gives users the option of whether they want the transaction to be public or private.
Monero:
Monero has the largest market cap on the list of privacy coins. It was launched in 2014 as a fork from Bytecoin. Monero relies on stealth addresses and ring signatures to hide everything from sender and recipient addresses to an entire amount.

Verge:
Verge is an open source project run by volunteers. The project aims for privacy via I2P and TOR, as these protocols encrypt data. After encryption, TOR sends communications to a distributed network run by volunteers. This combination completely hides IP addresses for untraceable transactions. Verge was originally launched as “DogeCoinDark” as an anonymous version of “Dogecoin”.
Zcash:
Zcash relies on the zk-SNARKs protocol to hide personal and confidential data, such as cryptocurrency addresses and the amount in the transaction. One of the unique features of Zcash is that it not only offers completely private transactions, but it also offers completely public transactions and the ability to make some aspects of a transaction public and some private.
$DASH
#zcash #monero
#verge #BEAMX
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Monero (XMR) Soars 25% in Four Weeks Amid European Botnet Mining Raids and Mining Shutdowns Monero (XMR) has surged 25% over the past four weeks following crackdowns on Botnet mining operations in some countries in Europe and the decision to shut down a leading miner. This price action demonstrates the resilience of privacy-focused cryptocurrencies despite regulatory challenges. This significant reversal of Monero in particular reveals how external factors such as regulatory actions can affect market behavior. Monero's Rise Amid Mining Pressures in Europe Monero (XMR) has surged an impressive 25% in the last month, outpacing major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). According to TradingView data, XMR briefly surpassed $180 last week, reaching its highest value since January 23, and was last traded at around $170 on Kraken. Impact of Regulations While the exact reason for this price increase is unclear, discussions on social media suggest that recent crackdowns against Botnet mining in some European countries may play a significant role. Botnet mining involves using compromised computer networks to mine cryptocurrencies without permission, and Monero is favored because its strong privacy features make it difficult to track such illegal financial transactions. 📈📉 #FavoriToken #monero #xmr
Monero (XMR) Soars 25% in Four Weeks Amid European Botnet Mining Raids and Mining Shutdowns

Monero (XMR) has surged 25% over the past four weeks following crackdowns on Botnet mining operations in some countries in Europe and the decision to shut down a leading miner.
This price action demonstrates the resilience of privacy-focused cryptocurrencies despite regulatory challenges.
This significant reversal of Monero in particular reveals how external factors such as regulatory actions can affect market behavior.

Monero's Rise Amid Mining Pressures in Europe
Monero (XMR) has surged an impressive 25% in the last month, outpacing major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). According to TradingView data, XMR briefly surpassed $180 last week, reaching its highest value since January 23, and was last traded at around $170 on Kraken.
Impact of Regulations
While the exact reason for this price increase is unclear, discussions on social media suggest that recent crackdowns against Botnet mining in some European countries may play a significant role. Botnet mining involves using compromised computer networks to mine cryptocurrencies without permission, and Monero is favored because its strong privacy features make it difficult to track such illegal financial transactions.

📈📉 #FavoriToken #monero #xmr
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Bullish
#Monero is delisting Binance ... ... AND flying back to $166 ! $XMR $BTC
#Monero is delisting Binance ...

... AND flying back to $166 !

$XMR $BTC
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Bullish
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đŸȘ™ Crypto and Blockchain News (January 6, 2024): 1ïžâƒŁ Blockworks: Over the past decade, the US government has been confiscating and selling #bitcoin (BTC). Due to the growth of the first cryptocurrency and the entire market, authorities remain in the positive. Currently, US authorities own Bitcoin worth $8.3 billion. This is $3.3 billion more than three months ago. đŸ›ïž 2ïžâƒŁ HB: The South Korean subsidiary of the cryptocurrency exchange HTX — Huobi Korea — will cease operations on January 29. Representatives cited challenging business conditions as the reason for closure. Users will be able to withdraw funds from the platform even after the specified date. 💾 3ïžâƒŁ Binance: The largest cryptocurrency exchange, Binance, has assigned "monitoring tags" to a range of coins, including privacy-focused ones like #monero and Zcash. 🔐 4ïžâƒŁ Cointelegraph: Paolo Ardoino believes that cryptocurrencies, in general, do not need blockchain or tokens. According to Ardoino, the next significant breakthrough in the crypto industry will not be another token or blockchain-based application. He asserts that in 2024, innovations rooted in cryptography for enhanced privacy should take center stage. đŸ€” 5ïžâƒŁ The Block: Companies such as BlackRock, Grayscale, Fidelity, VanEck, Valkyrie, Hashdex, Franklin Templeton, Bitwise, Wisdomtree, ARK Invest, 21Shares, Invesco, and Galaxy have submitted updated filings to the #sec under Form 19b-4. 🏱 💙 What's your take on these news? Share your thoughts! Comment below!
đŸȘ™ Crypto and Blockchain News (January 6, 2024):

1ïžâƒŁ Blockworks: Over the past decade, the US government has been confiscating and selling #bitcoin (BTC). Due to the growth of the first cryptocurrency and the entire market, authorities remain in the positive. Currently, US authorities own Bitcoin worth $8.3 billion. This is $3.3 billion more than three months ago. đŸ›ïž

2ïžâƒŁ HB: The South Korean subsidiary of the cryptocurrency exchange HTX — Huobi Korea — will cease operations on January 29. Representatives cited challenging business conditions as the reason for closure. Users will be able to withdraw funds from the platform even after the specified date. 💾

3ïžâƒŁ Binance: The largest cryptocurrency exchange, Binance, has assigned "monitoring tags" to a range of coins, including privacy-focused ones like #monero and Zcash. 🔐

4ïžâƒŁ Cointelegraph: Paolo Ardoino believes that cryptocurrencies, in general, do not need blockchain or tokens. According to Ardoino, the next significant breakthrough in the crypto industry will not be another token or blockchain-based application. He asserts that in 2024, innovations rooted in cryptography for enhanced privacy should take center stage. đŸ€”

5ïžâƒŁ The Block: Companies such as BlackRock, Grayscale, Fidelity, VanEck, Valkyrie, Hashdex, Franklin Templeton, Bitwise, Wisdomtree, ARK Invest, 21Shares, Invesco, and Galaxy have submitted updated filings to the #sec under Form 19b-4. 🏱

💙 What's your take on these news? Share your thoughts! Comment below!
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Mining Cryptocurrencies at Home â›ïžđŸ–„ïž (The Basics You Need to Know)🎆 Cryptocurrency mining is an exciting way to generate income in the digital world. Although it may seem complex, with the right resources and the right information, you can safely start mining cryptocurrencies from home. â˜đŸ» Many people believe that the only cryptocurrency that can be mined is Bitcoin, but this is not the case. There are other options that I will name at the end. Prerequisites 1. Computer with decent processor (minimum 4 cores) or Mining Rig (ASIC or GPU)

Mining Cryptocurrencies at Home â›ïžđŸ–„ïž (The Basics You Need to Know)

🎆 Cryptocurrency mining is an exciting way to generate income in the digital world. Although it may seem complex, with the right resources and the right information, you can safely start mining cryptocurrencies from home.
â˜đŸ» Many people believe that the only cryptocurrency that can be mined is Bitcoin, but this is not the case. There are other options that I will name at the end.
Prerequisites
1. Computer with decent processor (minimum 4 cores) or Mining Rig (ASIC or GPU)
Monero Mining In Android Cpu mining Supported By Monero ocean Pool Steps: 1:-Download XMRrig From Play store 2:-Atomic Wallet As Well as From Play store 3:-Setup Configurations In XMRrig 4:-start Mining #monero #XMR
Monero Mining In Android Cpu mining Supported By Monero ocean Pool

Steps:

1:-Download XMRrig From Play store
2:-Atomic Wallet As Well as From Play store
3:-Setup Configurations In XMRrig
4:-start Mining
#monero #XMR
🔐 Cybersecurity News (December 20, 2023): 1ïžâƒŁ Zilliqa: Developers of the Zilliqa blockchain platform have restored the network's functionality, which had been unable to process blocks for over half a day. On December 18, the team reported a "critical situation" in the #blockchain that led to a halt in block production. They assured the safety of user assets but requested a temporary suspension of deposits and withdrawals. 🚀 2ïžâƒŁ BreachForums: An unusual announcement surfaced online: a cybercriminal is selling access to a data request panel used by law enforcement agencies. The perpetrator posted the corresponding message on the BreachForums website. The hacker is offering the compromised product for $10,000 in #bitcoin (BTC) or #monero (XMR). According to the post, this is private access used exclusively by law enforcement agencies. đŸ•”ïžâ€â™‚ïž 3ïžâƒŁ OKX: The team at the OKX cryptocurrency exchange has fixed a vulnerability affecting the iOS wallet application. Developers thanked CertiK researchers for identifying the bug and urged users to promptly update the application to the latest version (6.45.0). đŸ“± 4ïžâƒŁ Justice: A federal grand jury in Phoenix, Arizona, returned a 50-count indictment for fraud and money laundering against the founder of the mining company Dunamis Global Technologies. According to case materials, 45-year-old Jeremy Saurby deceived millions of dollars from at least 150 victims under the guise of cryptocurrency mining investment opportunities. ⚖ 5ïžâƒŁ Ledger: As a result of the compromise on December 14, the #ledger Connect Kit library incurred approximately $600,000 in damages to wallet users. According to the statement, the company will fully compensate the affected parties. The compensation process will be overseen by Ledger CEO Pascal Gauthier. đŸ’Œ 🚀 Subscribe to our crypto channel for real-time updates from the world of cryptocurrencies!
🔐 Cybersecurity News (December 20, 2023):

1ïžâƒŁ Zilliqa: Developers of the Zilliqa blockchain platform have restored the network's functionality, which had been unable to process blocks for over half a day. On December 18, the team reported a "critical situation" in the #blockchain that led to a halt in block production. They assured the safety of user assets but requested a temporary suspension of deposits and withdrawals. 🚀

2ïžâƒŁ BreachForums: An unusual announcement surfaced online: a cybercriminal is selling access to a data request panel used by law enforcement agencies. The perpetrator posted the corresponding message on the BreachForums website. The hacker is offering the compromised product for $10,000 in #bitcoin (BTC) or #monero (XMR). According to the post, this is private access used exclusively by law enforcement agencies. đŸ•”ïžâ€â™‚ïž

3ïžâƒŁ OKX: The team at the OKX cryptocurrency exchange has fixed a vulnerability affecting the iOS wallet application. Developers thanked CertiK researchers for identifying the bug and urged users to promptly update the application to the latest version (6.45.0). đŸ“±

4ïžâƒŁ Justice: A federal grand jury in Phoenix, Arizona, returned a 50-count indictment for fraud and money laundering against the founder of the mining company Dunamis Global Technologies. According to case materials, 45-year-old Jeremy Saurby deceived millions of dollars from at least 150 victims under the guise of cryptocurrency mining investment opportunities. ⚖

5ïžâƒŁ Ledger: As a result of the compromise on December 14, the #ledger Connect Kit library incurred approximately $600,000 in damages to wallet users. According to the statement, the company will fully compensate the affected parties. The compensation process will be overseen by Ledger CEO Pascal Gauthier. đŸ’Œ

🚀 Subscribe to our crypto channel for real-time updates from the world of cryptocurrencies!
Monero may rise to 177.4 - 178.6 Our preference Our next up target stands at 178.6. Alternative scenario Below 172.4, expect 170.3 and 169.0. Comment The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 174.5 and 174.5). Supports and resistances 181.2 ** 179.9 * 178.6 ** 177.4 174.8 last 173.2 172.4 ** 170.3 * 169.0 ** #monero #XMR
Monero may rise to 177.4 - 178.6

Our preference
Our next up target stands at 178.6.

Alternative scenario
Below 172.4, expect 170.3 and 169.0.

Comment
The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 174.5 and 174.5).

Supports and resistances
181.2 **
179.9 *
178.6 **
177.4
174.8 last
173.2
172.4 **
170.3 *
169.0 **

#monero #XMR
Top 15 Cryptocurrencies Based on Trading Price🚀 Top 15 Cryptocurrencies Based on Trading Price 🚀 🔝 Check out the latest update on the top-performing cryptocurrencies based on their trading price, and their 24-hour percentage change, market capitalization, & supply type. 👇 Here’s the breakdown of the Top 15 Coins by Trading Price: {spot}(BTCUSDT) {spot}(ETHUSDT) {spot}(MKRUSDT) {spot}(BNBUSDT) Bitcoin continues to lead the pack with an impressive market cap of $1.95 Trillion!Ethereum is second, with a market cap of $470.73 Billion, fueled by its inflationary supply model, supporting continuous network upgrades.Binance Coin (BNB) follows with a deflationary supply model, and its market cap stands at $104.80 Billion.Solana (SOL) and Avalanche (AVAX) show strong market positions with No Fixed Supply, meaning their supply increases based on network usage and demand.Monero (XMR), Litecoin (LTC), and others on the list have a Limited Supply, ensuring their scarcity as time progresses. 💬 Discussion: Which supply type do you think is the most effective for long-term growth?What’s your opinion on the deflationary approach for Binance Coin and the inflationary approach of Ethereum? 🚹 #Crypto #BinanceSquare #Bitcoin #Ethereum #BNB #Solana #Monero #Litecoin #Cryptocurrency 🚹

Top 15 Cryptocurrencies Based on Trading Price

🚀 Top 15 Cryptocurrencies Based on Trading Price 🚀
🔝 Check out the latest update on the top-performing cryptocurrencies based on their trading price, and their 24-hour percentage change, market capitalization, & supply type.

👇 Here’s the breakdown of the Top 15 Coins by Trading Price:


Bitcoin continues to lead the pack with an impressive market cap of $1.95 Trillion!Ethereum is second, with a market cap of $470.73 Billion, fueled by its inflationary supply model, supporting continuous network upgrades.Binance Coin (BNB) follows with a deflationary supply model, and its market cap stands at $104.80 Billion.Solana (SOL) and Avalanche (AVAX) show strong market positions with No Fixed Supply, meaning their supply increases based on network usage and demand.Monero (XMR), Litecoin (LTC), and others on the list have a Limited Supply, ensuring their scarcity as time progresses.
💬 Discussion:
Which supply type do you think is the most effective for long-term growth?What’s your opinion on the deflationary approach for Binance Coin and the inflationary approach of Ethereum?
🚹 #Crypto #BinanceSquare #Bitcoin #Ethereum #BNB #Solana #Monero #Litecoin #Cryptocurrency 🚹
Monero (XMR) to Delist from Binance: Understanding the DecisionOn February 20, 2024, Binance, one of the world's largest cryptocurrency exchanges, announced the delisting of Monero ($XMR ) along with three other tokens. Binance Tweet on XMR, $ANT , $MULTI & VAI delistingThis decision, while not unprecedented in the volatile world of crypto, has sparked discussions and raised questions about the future of privacy coins like #Monero . While Binance cited that these tokens no longer met their listing standards, they didn't provide specific details regarding the rationale behind the move. However, several potential factors may have contributed to this decision:Increased Regulatory Pressure:Governments and financial institutions have been increasingly vigilant regarding privacy coins due to their potential to facilitate anonymous transactions, which could be exploited for illegal activities such as money laundering or terrorism financing. This mounting regulatory scrutiny may have influenced exchanges like #Binance to reconsider their support for such coins to avoid regulatory backlash.Concerns about Unethical/Fraudulent Conduct:Privacy coins, by design, offer enhanced anonymity, making them attractive for individuals seeking to engage in illicit activities. While Binance hasn't directly accused Monero of unethical behavior, the inherent nature of privacy coins raises concerns about their potential misuse. Exchanges may opt to #Delist such coins to mitigate risks associated with facilitating illicit transactions.Lack of Commitment/Development Activity:Exchanges like Binance prioritize #Projects with active and dedicated development teams, ensuring continuous improvement and innovation. If Binance perceived a lack of commitment or development activity within the Monero ecosystem, it might have questioned the coin's long-term viability or its alignment with Binance's vision for the cryptocurrency landscape.Trading Volume and Liquidity:Low trading volume and liquidity can hinder the efficiency of trading activities, posing challenges for users looking to buy or sell tokens. Exchanges strive to maintain a vibrant and liquid marketplace to enhance user experience. Delisting tokens with inadequate trading activity ensures a healthier and more efficient trading environment for users.Network/Smart Contract Stability:Identified vulnerabilities or instability within Monero's network or smart contracts could raise concerns about user safety and the integrity of transactions. Exchanges like Binance prioritize the security and reliability of supported assets, and any perceived risks to user funds could prompt #delisting actions.It's essential to emphasize that these are speculative reasons, as Binance has not publicly disclosed the specific factors behind their decision to delist Monero. Furthermore, the delisting only affects trading on Binance; Monero remains operational on its native blockchain and can still be traded on other platforms.đŸȘ·

Monero (XMR) to Delist from Binance: Understanding the Decision

On February 20, 2024, Binance, one of the world's largest cryptocurrency exchanges, announced the delisting of Monero ($XMR ) along with three other tokens. Binance Tweet on XMR, $ANT , $MULTI & VAI delistingThis decision, while not unprecedented in the volatile world of crypto, has sparked discussions and raised questions about the future of privacy coins like #Monero . While Binance cited that these tokens no longer met their listing standards, they didn't provide specific details regarding the rationale behind the move. However, several potential factors may have contributed to this decision:Increased Regulatory Pressure:Governments and financial institutions have been increasingly vigilant regarding privacy coins due to their potential to facilitate anonymous transactions, which could be exploited for illegal activities such as money laundering or terrorism financing. This mounting regulatory scrutiny may have influenced exchanges like #Binance to reconsider their support for such coins to avoid regulatory backlash.Concerns about Unethical/Fraudulent Conduct:Privacy coins, by design, offer enhanced anonymity, making them attractive for individuals seeking to engage in illicit activities. While Binance hasn't directly accused Monero of unethical behavior, the inherent nature of privacy coins raises concerns about their potential misuse. Exchanges may opt to #Delist such coins to mitigate risks associated with facilitating illicit transactions.Lack of Commitment/Development Activity:Exchanges like Binance prioritize #Projects with active and dedicated development teams, ensuring continuous improvement and innovation. If Binance perceived a lack of commitment or development activity within the Monero ecosystem, it might have questioned the coin's long-term viability or its alignment with Binance's vision for the cryptocurrency landscape.Trading Volume and Liquidity:Low trading volume and liquidity can hinder the efficiency of trading activities, posing challenges for users looking to buy or sell tokens. Exchanges strive to maintain a vibrant and liquid marketplace to enhance user experience. Delisting tokens with inadequate trading activity ensures a healthier and more efficient trading environment for users.Network/Smart Contract Stability:Identified vulnerabilities or instability within Monero's network or smart contracts could raise concerns about user safety and the integrity of transactions. Exchanges like Binance prioritize the security and reliability of supported assets, and any perceived risks to user funds could prompt #delisting actions.It's essential to emphasize that these are speculative reasons, as Binance has not publicly disclosed the specific factors behind their decision to delist Monero. Furthermore, the delisting only affects trading on Binance; Monero remains operational on its native blockchain and can still be traded on other platforms.đŸȘ·
Do You Know TOP 50 Oldest Crypto? Here are the names of the top 50 oldest cryptocurrencies, based on their launch dates: Bitcoin (BTC) - January 2009 Litecoin (LTC) - October 2011 Namecoin (NMC) - April 2011 SwiftCoin (STC) - October 2011 Terracoin (TRC) - October 2012 Peercoin (PPC) - August 2012 Feathercoin (FTC) - April 2013 Novacoin (NVC) - February 2013 Freicoin (FRC) - December 2012 CHNCoin (CNC) - September 2013 WorldCoin (WDC) - May 2013 Digitalcoin (DGC) - May 2013 GoldCoin (GLD) - May 2013 BBQCoin (BQC) - May 2013 Yacoin (YAC) - May 2013 Mincoin (MNC) - April 2013 Bytecoin (BCN) - July 2012 Primecoin (XPM) - July 2013 Megacoin (MEC) - May 2013 Ixcoin (IXC) - August 2011 Anoncoin (ANC) - June 2013 Devcoin (DVC) - March 2011 Quarkcoin (QRK) - July 2013 Infinitecoin (IFC) - June 2013 Freicoin (FRC) - December 2012 Digitalcoin (DGC) - May 2013 GoldCoin (GLD) - May 2013 BBQCoin (BQC) - May 2013 Yacoin (YAC) - May 2013 Mincoin (MNC) - April 2013 Bytecoin (BCN) - July 2012 Primecoin (XPM) - July 2013 Megacoin (MEC) - May 2013 Ixcoin (IXC) - August 2011 Anoncoin (ANC) - June 2013 Devcoin (DVC) - March 2011 Quarkcoin (QRK) - July 2013 Infinitecoin (IFC) - June 2013 Zetacoin (ZET) - August 2013 Dogecoin (DOGE) - December 2013 DigitalNote (XDN) - May 2014 Nxt (NXT) - November 2013 Reddcoin (RDD) - January 2014 BitShares (BTS) - July 2014 BlackCoin (BLK) - February 2014 Counterparty (XCP) - January 2014 Ripple (XRP) - February 2013 Dash (DASH) - January 2014 NEM (XEM) - March 2015 Monero (XMR) - April 2014 Please note that this list is based on the knowledge available up until September 2021, and there may be newer cryptocurrencies that have emerged since then. It's always a good idea to conduct. #crypto #oldcrypto #bitcoin #monero #BinanceTournament

Do You Know TOP 50 Oldest Crypto?

Here are the names of the top 50 oldest cryptocurrencies, based on their launch dates:

Bitcoin (BTC) - January 2009

Litecoin (LTC) - October 2011

Namecoin (NMC) - April 2011

SwiftCoin (STC) - October 2011

Terracoin (TRC) - October 2012

Peercoin (PPC) - August 2012

Feathercoin (FTC) - April 2013

Novacoin (NVC) - February 2013

Freicoin (FRC) - December 2012

CHNCoin (CNC) - September 2013

WorldCoin (WDC) - May 2013

Digitalcoin (DGC) - May 2013

GoldCoin (GLD) - May 2013

BBQCoin (BQC) - May 2013

Yacoin (YAC) - May 2013

Mincoin (MNC) - April 2013

Bytecoin (BCN) - July 2012

Primecoin (XPM) - July 2013

Megacoin (MEC) - May 2013

Ixcoin (IXC) - August 2011

Anoncoin (ANC) - June 2013

Devcoin (DVC) - March 2011

Quarkcoin (QRK) - July 2013

Infinitecoin (IFC) - June 2013

Freicoin (FRC) - December 2012

Digitalcoin (DGC) - May 2013

GoldCoin (GLD) - May 2013

BBQCoin (BQC) - May 2013

Yacoin (YAC) - May 2013

Mincoin (MNC) - April 2013

Bytecoin (BCN) - July 2012

Primecoin (XPM) - July 2013

Megacoin (MEC) - May 2013

Ixcoin (IXC) - August 2011

Anoncoin (ANC) - June 2013

Devcoin (DVC) - March 2011

Quarkcoin (QRK) - July 2013

Infinitecoin (IFC) - June 2013

Zetacoin (ZET) - August 2013

Dogecoin (DOGE) - December 2013

DigitalNote (XDN) - May 2014

Nxt (NXT) - November 2013

Reddcoin (RDD) - January 2014

BitShares (BTS) - July 2014

BlackCoin (BLK) - February 2014

Counterparty (XCP) - January 2014

Ripple (XRP) - February 2013

Dash (DASH) - January 2014

NEM (XEM) - March 2015

Monero (XMR) - April 2014

Please note that this list is based on the knowledge available up until September 2021, and there may be newer cryptocurrencies that have emerged since then. It's always a good idea to conduct.

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