Monero
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Popular mine-based altcoins include Bitcoin, Litecoin, and Monero.
#bitcoin☀️ #Litecoin #Monero #BTCNewATH #MarketNewHype $BTC $BNB $LIT
#bitcoin☀️ #Litecoin #Monero #BTCNewATH #MarketNewHype $BTC $BNB $LIT
$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 ?
Krisbrother:
on dirait que certains non jamais était débutant, n'oubliez pas que c'est un peu grasse à eux que d'autre s'enrichissent respecter au moins ça.
Monero (XMR) Jumps 5% After Delisting: Is $190 Next?
XMR has bounced back from delisting and regulatory issues, surging 4.39% in the last seven days. This recovery could push its price towards $190.
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Over the last six months, Monero (XMR) has faced challenges due to delistings from several exchange platforms. In February, Binance (BNB) announced that it would be removing XMR from its exchanges.
Monero (XMR) Faces Challenges but Shows Signs of Recovery
On June 10th, Kraken announced the delisting of Monero (XMR) in Ireland and Belgium, following similar actions in the U.K. This move by Kraken and Binance to remove privacy-focused coins like XMR highlights the regulatory challenges confronting cryptocurrencies.
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In Europe, the passing of the AMLR (Anti-Money Laundering Regulation) is expected to lead to the disappearance of privacy coins from the market. The delistings have significantly impacted XMR’s market growth and price stability.
Despite this tough environment, XMR has shown recovery over the past month. It has gained 12.20% in the last 30 days and 4.39% in the past seven days. Additionally, XMR’s trading volume has surged by 7.61% to $52 million in the last 24 hours.
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This recovery has sparked optimism among analysts, with predictions suggesting a potential rise to $190. Crypto analyst Sebastian noted on X (formerly Twitter) that Monero is showing significant market promise, gaining momentum off the 20-day EMA at $165. He sees potential targets of $180 and possibly $190, emphasizing XMR’s resilience and its important role in the crypto ecosystem.
Another analyst, ChartMonkey, shared long-term projections, predicting a breakout towards the all-time high in May 2025. He highlighted Monero’s strong potential for exceptional performance and advised doing your own research (DYOR).
Positive Market Indicators for Monero (XMR)
According to Market Prophit, the crowd sentiment for Monero (XMR) was positive, with a score of 0.089, and Buzz’s score was 1.0853. The Money Flow Index (MFI) has risen from 26 to 54 over the past week, indicating increasing buying pressure and a shift towards a bullish market sentiment, with more money flowing into the altcoin.
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Additionally, the Relative Strength Index (RSI) has increased from 48 to 55 in the last seven days. This sustained rise in RSI suggests that recent gains are outpacing losses, pointing to growing bullish momentum.
Source: Santiment
Sentiment data shows that the Funding Rate aggregated by exchanges has been positive for the past week. At press time, XMR’s Funding Rate was 0.01, indicating that investors are willing to pay a premium to hold long positions, reflecting confidence in future price increases.
Furthermore, Coinglass reports that XMR has experienced little to no liquidation for both long and short positions. This low level of liquidation suggests that long position holders are maintaining their positions, while few investors are betting against the market with short positions.
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Source: Coinglass
Monero (XMR) Price Update and Projections
At press time, XMR was trading at $169.03 after breaking through the $168 resistance level. This breakout suggests a potential rise to the next significant resistance level around $174.
In a more bullish scenario, XMR could reach $179 in the short term. However, if the market experiences a correction, the price may decline to a critical support level at $158.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Monero #XMR #EthereumETF #Polkadot #Bitcoin $XMR $BTC $ETH
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Over the last six months, Monero (XMR) has faced challenges due to delistings from several exchange platforms. In February, Binance (BNB) announced that it would be removing XMR from its exchanges.
Monero (XMR) Faces Challenges but Shows Signs of Recovery
On June 10th, Kraken announced the delisting of Monero (XMR) in Ireland and Belgium, following similar actions in the U.K. This move by Kraken and Binance to remove privacy-focused coins like XMR highlights the regulatory challenges confronting cryptocurrencies.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
In Europe, the passing of the AMLR (Anti-Money Laundering Regulation) is expected to lead to the disappearance of privacy coins from the market. The delistings have significantly impacted XMR’s market growth and price stability.
Despite this tough environment, XMR has shown recovery over the past month. It has gained 12.20% in the last 30 days and 4.39% in the past seven days. Additionally, XMR’s trading volume has surged by 7.61% to $52 million in the last 24 hours.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
This recovery has sparked optimism among analysts, with predictions suggesting a potential rise to $190. Crypto analyst Sebastian noted on X (formerly Twitter) that Monero is showing significant market promise, gaining momentum off the 20-day EMA at $165. He sees potential targets of $180 and possibly $190, emphasizing XMR’s resilience and its important role in the crypto ecosystem.
Another analyst, ChartMonkey, shared long-term projections, predicting a breakout towards the all-time high in May 2025. He highlighted Monero’s strong potential for exceptional performance and advised doing your own research (DYOR).
Positive Market Indicators for Monero (XMR)
According to Market Prophit, the crowd sentiment for Monero (XMR) was positive, with a score of 0.089, and Buzz’s score was 1.0853. The Money Flow Index (MFI) has risen from 26 to 54 over the past week, indicating increasing buying pressure and a shift towards a bullish market sentiment, with more money flowing into the altcoin.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Additionally, the Relative Strength Index (RSI) has increased from 48 to 55 in the last seven days. This sustained rise in RSI suggests that recent gains are outpacing losses, pointing to growing bullish momentum.
Source: Santiment
Sentiment data shows that the Funding Rate aggregated by exchanges has been positive for the past week. At press time, XMR’s Funding Rate was 0.01, indicating that investors are willing to pay a premium to hold long positions, reflecting confidence in future price increases.
Furthermore, Coinglass reports that XMR has experienced little to no liquidation for both long and short positions. This low level of liquidation suggests that long position holders are maintaining their positions, while few investors are betting against the market with short positions.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Source: Coinglass
Monero (XMR) Price Update and Projections
At press time, XMR was trading at $169.03 after breaking through the $168 resistance level. This breakout suggests a potential rise to the next significant resistance level around $174.
In a more bullish scenario, XMR could reach $179 in the short term. However, if the market experiences a correction, the price may decline to a critical support level at $158.
Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Monero #XMR #EthereumETF #Polkadot #Bitcoin $XMR $BTC $ETH
$📉 Monero Faces a Market Tumble 🚨
In the ever-volatile world of cryptocurrency, Monero (XMR) experiences a stark downturn, shedding over 36% to trade around $105.56. This drop coincides with the news of Binance's delisting of XMR, a decision that underscores the complex landscape of privacy coins amid increasing regulatory scrutiny.
As the market reacts, this serves as a real-time lesson on the influence of exchange platforms and the delicate balance between privacy and compliance in the crypto space. It also highlights the importance of diversity in asset holdings for risk management.
For crypto enthusiasts and investors, such events are a reminder to stay informed and adaptable. What are your thoughts on the future of privacy coins?
#Monero #XMR #Binance #Delisting #Write2Earn
In the ever-volatile world of cryptocurrency, Monero (XMR) experiences a stark downturn, shedding over 36% to trade around $105.56. This drop coincides with the news of Binance's delisting of XMR, a decision that underscores the complex landscape of privacy coins amid increasing regulatory scrutiny.
As the market reacts, this serves as a real-time lesson on the influence of exchange platforms and the delicate balance between privacy and compliance in the crypto space. It also highlights the importance of diversity in asset holdings for risk management.
For crypto enthusiasts and investors, such events are a reminder to stay informed and adaptable. What are your thoughts on the future of privacy coins?
#Monero #XMR #Binance #Delisting #Write2Earn
The Big 5 Cryptos Set to Boom in 2023: Monero, Polkadot, DigiToads, Filecoin, and Cardano
Altcoin season is on the horizon, and investors who understand that the time to buy is now allowing them to front-run the action will walk away with massive profits. But not all crypto projects are created equal; some will roar while others display mediocre price action.
The big five cryptos set to boom in 2023 are Monero (XMR), Polkadot (DOT), DigiToads (TOADS), FIlecoin (FIL), and Cardano (ADA). These are undoubtedly the best altcoins to invest in due to their unique value propositions, and investors adding these five top altcoins to their portfolio should strap in because 2023 will be explosive!
#Monero #Polkadot #DigiToads #Filecoin #Cardano
$XMR $DOT $TOADS $FIL $ADA
The big five cryptos set to boom in 2023 are Monero (XMR), Polkadot (DOT), DigiToads (TOADS), FIlecoin (FIL), and Cardano (ADA). These are undoubtedly the best altcoins to invest in due to their unique value propositions, and investors adding these five top altcoins to their portfolio should strap in because 2023 will be explosive!
#Monero #Polkadot #DigiToads #Filecoin #Cardano
$XMR $DOT $TOADS $FIL $ADA
🚀🚀🚀 #Monero Price Forecast: What to Expect With $XMR Crypto in 2024
Monero (XMR) has faced challenges breaking above the $178.87 resistance level, finding itself below this crucial point. The lack of substantial trading volume indicates a limited interest and momentum among buyers. Additionally, Monero has dipped below significant daily moving averages (20, 50, 100, and 200 days), signaling a bearish trend.
Over the past week, Monero experienced a 12.51% loss, with a 9.84% decline in the month. The crypto also witnessed a 7.14% dip in the last six months and a 6.71% plunge year-to-date. Despite a minimal gain of 3.56% over the past year, Monero struggles in its recovery efforts.
Technical indicators reinforce the downward trend. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (#MACD ) suggest a slipping Monero price. The current situation demands robust buyer support for recovery, but major resistance from previous levels and multiple moving averages hinders progress.
While a potential bullish recovery may be on the horizon, the challenges lie in overcoming resistance levels and key Exponential Moving Average (EMA) markers. Sellers appear to influence price action, and buyers are striving to regain control of the trend.
On daily charts, Monero portrays seller dominance, slipping below neutrality and indicating a negative outlook near the lower Bollinger band.
In the technical evaluation, Monero trades below the 50 and 200-day Simple Moving Averages (SMAs), supporting a bearish trend. The Relative Strength Index (#RSI ) stands at 31 points, and the MACD line at -2.75, along with a bearish crossover, signals potential continued bearishness.
In summary, Monero's technical indicators and price action emphasize a bearish outlook, suggesting a possible continuation of the downtrend.
Technical Levels:
- Support Levels: $149.84 and $141.86
- Resistance Levels: $178.87 and $158.89
Source - thecoinrepublic.com
#CryptoNews🔒📰🚫 #BinanceSquare
Monero (XMR) has faced challenges breaking above the $178.87 resistance level, finding itself below this crucial point. The lack of substantial trading volume indicates a limited interest and momentum among buyers. Additionally, Monero has dipped below significant daily moving averages (20, 50, 100, and 200 days), signaling a bearish trend.
Over the past week, Monero experienced a 12.51% loss, with a 9.84% decline in the month. The crypto also witnessed a 7.14% dip in the last six months and a 6.71% plunge year-to-date. Despite a minimal gain of 3.56% over the past year, Monero struggles in its recovery efforts.
Technical indicators reinforce the downward trend. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (#MACD ) suggest a slipping Monero price. The current situation demands robust buyer support for recovery, but major resistance from previous levels and multiple moving averages hinders progress.
While a potential bullish recovery may be on the horizon, the challenges lie in overcoming resistance levels and key Exponential Moving Average (EMA) markers. Sellers appear to influence price action, and buyers are striving to regain control of the trend.
On daily charts, Monero portrays seller dominance, slipping below neutrality and indicating a negative outlook near the lower Bollinger band.
In the technical evaluation, Monero trades below the 50 and 200-day Simple Moving Averages (SMAs), supporting a bearish trend. The Relative Strength Index (#RSI ) stands at 31 points, and the MACD line at -2.75, along with a bearish crossover, signals potential continued bearishness.
In summary, Monero's technical indicators and price action emphasize a bearish outlook, suggesting a possible continuation of the downtrend.
Technical Levels:
- Support Levels: $149.84 and $141.86
- Resistance Levels: $178.87 and $158.89
Source - thecoinrepublic.com
#CryptoNews🔒📰🚫 #BinanceSquare
Cryptocurrency Prices: BTC, ETH, SOL, and XRP See Price Declines
The crypto market is turbulent, with major coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP seeing price drops.
Bitcoin is down 0.5%, trading around $60,943, with outflows from Bitcoin ETFs totaling $54.13M.
BTC dominance rose slightly to 56.97%.
Ethereum fell over 1%, now at $2,364, with increased whale activity.
$SOL dropped 4% to $137.32, and $XRP is down 2%, trading at $0.5248.
Meme coins showed mixed results, with Dogecoin up 0.5%, while others like Shiba Inu and $BONK fell.
Top gainers include Monero XMR up 4%, while Sui (SUI) dropped 16%, leading the losers.
Market volatility continues amidst economic factors and whale activity.
#Write2earn #MarketSentimentToday #Memecoins #Altcoins #Monero
The crypto market is turbulent, with major coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP seeing price drops.
Bitcoin is down 0.5%, trading around $60,943, with outflows from Bitcoin ETFs totaling $54.13M.
BTC dominance rose slightly to 56.97%.
Ethereum fell over 1%, now at $2,364, with increased whale activity.
$SOL dropped 4% to $137.32, and $XRP is down 2%, trading at $0.5248.
Meme coins showed mixed results, with Dogecoin up 0.5%, while others like Shiba Inu and $BONK fell.
Top gainers include Monero XMR up 4%, while Sui (SUI) dropped 16%, leading the losers.
Market volatility continues amidst economic factors and whale activity.
#Write2earn #MarketSentimentToday #Memecoins #Altcoins #Monero
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Binance explains delisting of Monero (XMR)
Members of the crypto community have suggested that the real reason for Monero's delisting is Binance's reluctance to interact with anonymous cryptocurrencies that conflict with government interests. Regulatory authorities in the United States and other countries have many complaints about the crypto exchange. The move away from anonymous cryptocurrencies could be Binance's response to regulatory pressure.
“Monero falls on news of the delisting of the cryptocurrency from Binance. This is certainly bad for Monero, but the decision to delist can also be seen as a sign of the slow decline of the exchange itself. Now Binance is so “obedient” that it simply cannot independently choose which assets to work with,” this is how John Brown, a popular trader in the crypto community, commented on the decision to delist XMR from Binance.
In addition to Monero, the Binance team will also delist Aragon (ANT) Multichain (MULTI) and Vai (VAI) coins. Cryptocurrencies will be delisted on February 20, 2024. Along with them, trading pairs ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH and XMR/USDT will disappear from Binance. The crypto exchange team asks users to withdraw Monero, Aragon, Multichain and Vai from their accounts before February 20th.
#Monero #XMR #XMRDelisting #MULTI #ANT
$XMR $ANT $MULTI
Members of the crypto community have suggested that the real reason for Monero's delisting is Binance's reluctance to interact with anonymous cryptocurrencies that conflict with government interests. Regulatory authorities in the United States and other countries have many complaints about the crypto exchange. The move away from anonymous cryptocurrencies could be Binance's response to regulatory pressure.
“Monero falls on news of the delisting of the cryptocurrency from Binance. This is certainly bad for Monero, but the decision to delist can also be seen as a sign of the slow decline of the exchange itself. Now Binance is so “obedient” that it simply cannot independently choose which assets to work with,” this is how John Brown, a popular trader in the crypto community, commented on the decision to delist XMR from Binance.
In addition to Monero, the Binance team will also delist Aragon (ANT) Multichain (MULTI) and Vai (VAI) coins. Cryptocurrencies will be delisted on February 20, 2024. Along with them, trading pairs ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH and XMR/USDT will disappear from Binance. The crypto exchange team asks users to withdraw Monero, Aragon, Multichain and Vai from their accounts before February 20th.
#Monero #XMR #XMRDelisting #MULTI #ANT
$XMR $ANT $MULTI
🚨 Monero (XMR) Price Analysis: Is the Privacy Giant Ready to Surge? 🚨
#Monero ($Xmr) is back in the spotlight as the demand for privacy-focused coins heats up! 🌐 With rising concerns over digital privacy and financial surveillance, Monero continues to stand out in the crypto market. Let’s dive into the latest price action and see where XMR could be heading next. 📈
🔍 Current Market Overview:
Price: $160 - $165 range
24H Change: +1.8%
Market Cap Rank: #26 (Fluctuating)
🟢 Support & Resistance Zones:
Key Support: $160 🚀
XMR has held firmly around this level, showing strong buying interest. Every dip has been met with buying, indicating confidence in its long-term potential.
Resistance: $170 ⚠️
Breaking this point is crucial! If XMR pushes past this line, it could trigger a bullish breakout, aiming for $180 and beyond!
💹 Technical Indicators Flashing Signals:
RSI (Relative Strength Index): Neutral but trending upwards. Monero isn't overbought, so it has room to run if buying pressure intensifies.
Moving Averages: XMR is hovering near its 50-day moving average, which is often a trigger point for significant price action. Keep your eyes on this!
📅 What Could Drive XMR's Price?
1. Rising Privacy Concerns: With increasing scrutiny on privacy, Monero’s untraceable transactions are a unique advantage. 🕵️♂️
2. Institutional Attention: Large investors are eyeing privacy coins as part of their diversification strategy, and Monero’s consistent performance is hard to ignore. 📊
3. Technical Upgrades: XMR’s upcoming protocol updates will enhance its privacy features, making it more attractive in a world demanding more security. 🔒
🔥 The Bottom Line:
Monero has been quietly building momentum. If it can break through $170, the next leg up could take it to $180, or even higher if market conditions remain favorable. Keep an eye out for key movements around support levels and any market-wide shifts in sentiment. 📊
💡 Are you bullish on XMR? Or waiting for another dip? Let’s discuss below!
#XMR #Monero #toPrice #PrivacyCoins #BullishBreakout #CryptoAnalysis
🔍 Current Market Overview:
Price: $160 - $165 range
24H Change: +1.8%
Market Cap Rank: #26 (Fluctuating)
🟢 Support & Resistance Zones:
Key Support: $160 🚀
XMR has held firmly around this level, showing strong buying interest. Every dip has been met with buying, indicating confidence in its long-term potential.
Resistance: $170 ⚠️
Breaking this point is crucial! If XMR pushes past this line, it could trigger a bullish breakout, aiming for $180 and beyond!
💹 Technical Indicators Flashing Signals:
RSI (Relative Strength Index): Neutral but trending upwards. Monero isn't overbought, so it has room to run if buying pressure intensifies.
Moving Averages: XMR is hovering near its 50-day moving average, which is often a trigger point for significant price action. Keep your eyes on this!
📅 What Could Drive XMR's Price?
1. Rising Privacy Concerns: With increasing scrutiny on privacy, Monero’s untraceable transactions are a unique advantage. 🕵️♂️
2. Institutional Attention: Large investors are eyeing privacy coins as part of their diversification strategy, and Monero’s consistent performance is hard to ignore. 📊
3. Technical Upgrades: XMR’s upcoming protocol updates will enhance its privacy features, making it more attractive in a world demanding more security. 🔒
🔥 The Bottom Line:
Monero has been quietly building momentum. If it can break through $170, the next leg up could take it to $180, or even higher if market conditions remain favorable. Keep an eye out for key movements around support levels and any market-wide shifts in sentiment. 📊
💡 Are you bullish on XMR? Or waiting for another dip? Let’s discuss below!
#XMR #Monero #toPrice #PrivacyCoins #BullishBreakout #CryptoAnalysis
🛑 IS THIS THE END FOR PRIVACY TOKENS LIKE MONERO?⁉️
- #OKX has just dealt a major blow to the privacy sector of the #Cryptocurrrency industry.
- The exchange today announced its plans to remove privacy-focused #digitalassets from the platform, including…
Monero $XMR
Dash $DASH
ZCash $ZCASH
- The reason given by OKX for the decision is that said tokens “do not fulfill listing criteria”.
- In reality, however, it seems likely that these tokens were chosen for the cull owing to their privacy-focused nature.
- Projects like #Monero and #Zcash have come under persistent scrutiny in multiple jurisdictions, across the globe…
- … and it seems likely that the CEX is folding under the pressure of increased government scrutiny and cynicism.
- This cynicism stems from the projects’ ability to obfuscate and obscure transactional data, which some claim makes them ideal for malicious and illegal activity, such as money-laundering.
- The delisting will become effective on January 5th 2024.
‼️Other Delisted Tokens…
- The above tokens are not the only pairs set to be removed from the platform in early 2024.
- Several pairs, including some of $FLOW, $KSM, $JST, $KNC, and $ZKS, are also set to have certain $USDT and $USDC pairs removed as soon as January 4th.
How will other exchanges react to this move?👇
- #OKX has just dealt a major blow to the privacy sector of the #Cryptocurrrency industry.
- The exchange today announced its plans to remove privacy-focused #digitalassets from the platform, including…
Monero $XMR
Dash $DASH
ZCash $ZCASH
- The reason given by OKX for the decision is that said tokens “do not fulfill listing criteria”.
- In reality, however, it seems likely that these tokens were chosen for the cull owing to their privacy-focused nature.
- Projects like #Monero and #Zcash have come under persistent scrutiny in multiple jurisdictions, across the globe…
- … and it seems likely that the CEX is folding under the pressure of increased government scrutiny and cynicism.
- This cynicism stems from the projects’ ability to obfuscate and obscure transactional data, which some claim makes them ideal for malicious and illegal activity, such as money-laundering.
- The delisting will become effective on January 5th 2024.
‼️Other Delisted Tokens…
- The above tokens are not the only pairs set to be removed from the platform in early 2024.
- Several pairs, including some of $FLOW, $KSM, $JST, $KNC, and $ZKS, are also set to have certain $USDT and $USDC pairs removed as soon as January 4th.
How will other exchanges react to this move?👇
#XMR #Monero
@Wise Analyze @On-chain_News @Aayannoman
Former Monero Lead Maintainer Calls on Binance to Take a Stance on Privacy Coin Issue
Ricardo Spagni, the former lead maintainer of Monero, one of the most used privacy coins in the cryptocurrency market, has called on Binance to take a stance on the issue of privacy coins. Spagni stated that avoiding taking sides in the process is a disservice to the whole industry and that any protocol-level changes to make Monero compliant are “unnecessary.”
Former Monero Lead Dev Ricardo ‘Fluffypony’ Spagni Calls on Binance to Stand for Privacy Coins
Ricardo “Fluffypony” Spagni, the former lead maintainer of Monero, has called on Binance to change its position on delisting privacy-focused coins. In a recent X post, Spagni criticizes Binance’s stance, which could lead to the delisting of these currencies in January.
Supported by a report produced by consulting firm Perkinscoie, which states that “privacy coins protect legitimate individual and commercial privacy interests and that existing financial regulations sufficiently address the AML issues that privacy coins present,” Spagni blasted Binance’s compliance requirements.
Spagni stated:
@Wise Analyze @On-chain_News @Aayannoman
Former Monero Lead Maintainer Calls on Binance to Take a Stance on Privacy Coin Issue
Ricardo Spagni, the former lead maintainer of Monero, one of the most used privacy coins in the cryptocurrency market, has called on Binance to take a stance on the issue of privacy coins. Spagni stated that avoiding taking sides in the process is a disservice to the whole industry and that any protocol-level changes to make Monero compliant are “unnecessary.”
Former Monero Lead Dev Ricardo ‘Fluffypony’ Spagni Calls on Binance to Stand for Privacy Coins
Ricardo “Fluffypony” Spagni, the former lead maintainer of Monero, has called on Binance to change its position on delisting privacy-focused coins. In a recent X post, Spagni criticizes Binance’s stance, which could lead to the delisting of these currencies in January.
Supported by a report produced by consulting firm Perkinscoie, which states that “privacy coins protect legitimate individual and commercial privacy interests and that existing financial regulations sufficiently address the AML issues that privacy coins present,” Spagni blasted Binance’s compliance requirements.
Spagni stated:
💰 30% drop in the price of Monero (XMR)
🐳 The Binance exchange announced a few hours ago that on February 20, it will remove Monero, Aragon, Multichain and Wai digital currencies from its trading list. In response to this, the price of Monero fell by more than 30%.
According to Binance, the exchange's decision to delist Monero was based on a variety of reasons, including "helping build a healthy and stable crypto ecosystem," "evidence of fraudulent and illegal transactions," as well as in response to "periodic review requests." "Binance" has been taken.
John Brown, a cryptocurrency trader, tweeted in this regard:
Although this news is bad for Monroe, but mostly for me
I see it as a sign of the gradual destruction of Binance.
#BTC
#Monero
#Write2Earn
#TrendingTopic
#TradeNTell
🐳 The Binance exchange announced a few hours ago that on February 20, it will remove Monero, Aragon, Multichain and Wai digital currencies from its trading list. In response to this, the price of Monero fell by more than 30%.
According to Binance, the exchange's decision to delist Monero was based on a variety of reasons, including "helping build a healthy and stable crypto ecosystem," "evidence of fraudulent and illegal transactions," as well as in response to "periodic review requests." "Binance" has been taken.
John Brown, a cryptocurrency trader, tweeted in this regard:
Although this news is bad for Monroe, but mostly for me
I see it as a sign of the gradual destruction of Binance.
#BTC
#Monero
#Write2Earn
#TrendingTopic
#TradeNTell
Why is Monero’s XMR Token Price Crashing? Why Did Binance Decide to Delist Monero?
Leading cryptocurrency exchange Binance announced on February 6th that it will delist privacy coin Monero (XMR) along with three other tokens, AntShares (ANT), Multi-Collateral Dai (MULTI), and Venus (VAI) on February 20th,2024.
The news immediately sent XMR prices crashing. According to cryptocurrency data site CoinGecko, XMR fell 16.9% following the Binance announcement, dropping to $137.93. The privacy coin has since fallen even further, with the latest price updates showing XMR at $114.20.
Over the last 24 hours, XMR is down 30.44% on trading volume of $205 million. Besides, at the current price, XMR is 77.94% below its all-time high of $517.62, which it reached nearly 3 years ago on May 7, 2021.
Why Did Binance Decide to Delist Monero?
Binance likely made the move to delist XMR over regulatory concerns surrounding the privacy coin. As a privacy-focused cryptocurrency, XMR offers users anonymity by obscuring transaction details. However, this hidden nature of transactions could facilitate illegal activities.
Cryptocurrency exchanges like Binance have come under increasing regulatory pressure to crack down on tokens that enable illegal transactions. Consequently, Binance has opted to delist Monero rather than contend with potential regulatory issues.
The Future of Privacy Coins
The regulatory scrutiny facing Monero exemplifies the uncertain future confronting privacy coins. Governments and regulators favor transparent blockchains to track transactions, combat money laundering, and enforce anti-terrorism financing laws.
Hence, with exchanges unwilling to deal with possible regulatory problems, the long-term viability of privacy coins remains in doubt. Therefore, unless Monero and other anonymous cryptos adequately address regulator concerns, more delistings could occur, further eroding prices.
#Monero #DelistingAlert #delisting
The news immediately sent XMR prices crashing. According to cryptocurrency data site CoinGecko, XMR fell 16.9% following the Binance announcement, dropping to $137.93. The privacy coin has since fallen even further, with the latest price updates showing XMR at $114.20.
Over the last 24 hours, XMR is down 30.44% on trading volume of $205 million. Besides, at the current price, XMR is 77.94% below its all-time high of $517.62, which it reached nearly 3 years ago on May 7, 2021.
Why Did Binance Decide to Delist Monero?
Binance likely made the move to delist XMR over regulatory concerns surrounding the privacy coin. As a privacy-focused cryptocurrency, XMR offers users anonymity by obscuring transaction details. However, this hidden nature of transactions could facilitate illegal activities.
Cryptocurrency exchanges like Binance have come under increasing regulatory pressure to crack down on tokens that enable illegal transactions. Consequently, Binance has opted to delist Monero rather than contend with potential regulatory issues.
The Future of Privacy Coins
The regulatory scrutiny facing Monero exemplifies the uncertain future confronting privacy coins. Governments and regulators favor transparent blockchains to track transactions, combat money laundering, and enforce anti-terrorism financing laws.
Hence, with exchanges unwilling to deal with possible regulatory problems, the long-term viability of privacy coins remains in doubt. Therefore, unless Monero and other anonymous cryptos adequately address regulator concerns, more delistings could occur, further eroding prices.
#Monero #DelistingAlert #delisting
Monero may fall to 169.7 - 171.0
Our pivot point is at 175.5.
Our preference
The downside prevails as long as 175.5 is resistance.
Alternative scenario
Above 175.5, look for 177.6 and 178.8.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 174.4 and 173.9).
Supports and resistances
178.8 **
177.6 *
175.5 **
174.6
173.8 last
171.0
169.7 **
168.5 *
167.2 **
#XMRUpdate
#XMR #Monero
Our pivot point is at 175.5.
Our preference
The downside prevails as long as 175.5 is resistance.
Alternative scenario
Above 175.5, look for 177.6 and 178.8.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 174.4 and 173.9).
Supports and resistances
178.8 **
177.6 *
175.5 **
174.6
173.8 last
171.0
169.7 **
168.5 *
167.2 **
#XMRUpdate
#XMR #Monero
Investigation by #zachxbt :
Last month, a highly sophisticated social engineering attack orchestrated by three individuals—Greavys (Malone Iam), Wiz (Veer Chetal), and Box (Jeandiel Serrano)—resulted in the theft of $243 million from a single victim. The attack began on August 19, 2024, when the group impersonated Google and Gemini support to compromise the victim's accounts. They tricked the victim into resetting two-factor authentication and transferring funds to a compromised wallet, even gaining access to private keys via AnyDesk screen-sharing software.
The stolen funds, including 4064 $BTC , were quickly split among the group and funneled through over 15 exchanges, being swapped between #bitcoin☀️ , #Litecoin , #Ethereum , and #Monero . Wiz's identity was uncovered when he inadvertently shared his full name during a screen share. Greavys flaunted his stolen wealth by living lavishly in Los Angeles and Miami, while Box played a key role in impersonating a Gemini representative.
Thanks to the efforts of investigators and the @Binance Security Team, over $9 million was frozen, and more than $500,000 has already been returned to the victim. The investigation culminated in the arrests of Greavys and Box, with further funds likely seized at the time of arrest.
Last month, a highly sophisticated social engineering attack orchestrated by three individuals—Greavys (Malone Iam), Wiz (Veer Chetal), and Box (Jeandiel Serrano)—resulted in the theft of $243 million from a single victim. The attack began on August 19, 2024, when the group impersonated Google and Gemini support to compromise the victim's accounts. They tricked the victim into resetting two-factor authentication and transferring funds to a compromised wallet, even gaining access to private keys via AnyDesk screen-sharing software.
The stolen funds, including 4064 $BTC , were quickly split among the group and funneled through over 15 exchanges, being swapped between #bitcoin☀️ , #Litecoin , #Ethereum , and #Monero . Wiz's identity was uncovered when he inadvertently shared his full name during a screen share. Greavys flaunted his stolen wealth by living lavishly in Los Angeles and Miami, while Box played a key role in impersonating a Gemini representative.
Thanks to the efforts of investigators and the @Binance Security Team, over $9 million was frozen, and more than $500,000 has already been returned to the victim. The investigation culminated in the arrests of Greavys and Box, with further funds likely seized at the time of arrest.
MANTA and Monero (XMR) Price Action Seen as Weak
In this analysis, we explore the latest updates concerning Manta Network (MANTA) and the obstacles encountered by Monero (XMR) after Binance decided to remove it from its listings.
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Shortly after launching its governance token on January 18, Manta Network (MANTA) encountered a DDoS attack, disrupting its operations on major exchanges. Coin98 is contemplating a partnership to improve accessibility for MANTA. Meanwhile, Binance announced it will delist Monero (XMR) starting February 20, leading to a 19% decline in XMR’s value and affecting other cryptocurrencies on the exchange. OKX had previously made a similar decision for user safety.
Manta Network (MANTA) Overcomes DDoS Attack
Manta Network (MANTA) encountered a Distributed Denial of Service (DDoS) attack on January 18, shortly after launching its governance token. This attack disrupted MANTA’s operations on prominent exchanges like KuCoin, Binance, and Bithumb. Coin98, a major crypto platform, has shown interest in partnering with MANTA to enhance accessibility. The attack exploited MANTA’s Remote Procedure Call (RPC), generating nearly 135 million hoax requests that disrupted its operations.
Despite these challenges, founder Kenny Li assured that the situation was under control. However, regulatory scrutiny in South Korea over alleged money laundering accusations caused a significant drop in MANTA’s token value since January 22. As of February 11, MANTA was valued at $2.86, down 1.82% over the past week. Nevertheless, experts anticipate a rise to $3.65 by the end of February, leveraging the current bullish momentum in the crypto market.
Monero (XMR): Navigating the Storm of Delistings
Binance Exchange recently announced its decision to delist Monero (XMR) starting February 20, 2024, causing a sharp decline of over 19% in XMR’s value. This move, driven by security concerns, extends beyond Monero (XMR) to other cryptocurrencies also facing delisting from Binance. Similarly, OKX made a similar decision in January to delist certain cryptocurrencies, including Monero (XMR), to ensure user safety.
On-chart data for Monero (XMR) indicates it’s trading in a volatile and bearish zone, despite the broader crypto market surge led by Bitcoin (BTC). As of February 11, Monero (XMR) was trading at $118.43, down 29.65% over the past week. Experts anticipate a further decline toward the $100.00 psychological zone due to increased selling pressure and delisting from major exchanges.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Manta #Monero #Bitcoin #Altcoin #Cryptocurrency
Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com
Shortly after launching its governance token on January 18, Manta Network (MANTA) encountered a DDoS attack, disrupting its operations on major exchanges. Coin98 is contemplating a partnership to improve accessibility for MANTA. Meanwhile, Binance announced it will delist Monero (XMR) starting February 20, leading to a 19% decline in XMR’s value and affecting other cryptocurrencies on the exchange. OKX had previously made a similar decision for user safety.
Manta Network (MANTA) Overcomes DDoS Attack
Manta Network (MANTA) encountered a Distributed Denial of Service (DDoS) attack on January 18, shortly after launching its governance token. This attack disrupted MANTA’s operations on prominent exchanges like KuCoin, Binance, and Bithumb. Coin98, a major crypto platform, has shown interest in partnering with MANTA to enhance accessibility. The attack exploited MANTA’s Remote Procedure Call (RPC), generating nearly 135 million hoax requests that disrupted its operations.
Despite these challenges, founder Kenny Li assured that the situation was under control. However, regulatory scrutiny in South Korea over alleged money laundering accusations caused a significant drop in MANTA’s token value since January 22. As of February 11, MANTA was valued at $2.86, down 1.82% over the past week. Nevertheless, experts anticipate a rise to $3.65 by the end of February, leveraging the current bullish momentum in the crypto market.
Monero (XMR): Navigating the Storm of Delistings
Binance Exchange recently announced its decision to delist Monero (XMR) starting February 20, 2024, causing a sharp decline of over 19% in XMR’s value. This move, driven by security concerns, extends beyond Monero (XMR) to other cryptocurrencies also facing delisting from Binance. Similarly, OKX made a similar decision in January to delist certain cryptocurrencies, including Monero (XMR), to ensure user safety.
On-chart data for Monero (XMR) indicates it’s trading in a volatile and bearish zone, despite the broader crypto market surge led by Bitcoin (BTC). As of February 11, Monero (XMR) was trading at $118.43, down 29.65% over the past week. Experts anticipate a further decline toward the $100.00 psychological zone due to increased selling pressure and delisting from major exchanges.
Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On CryptosHeadlinesToken.com
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Manta #Monero #Bitcoin #Altcoin #Cryptocurrency
Security Expert Admits Guilt in Crypto Fraud
Shakeeb Ahmed, a lead security engineer associated with a global technology firm, confessed on December 14th to committing computer fraud related to his attacks on two decentralized #cryptocurrency exchanges.
U.S. Prosecutor Announces Ahmed's Admission
Damian Williams, the U.S. Attorney for the Southern District of New York, announced on Thursday that Ahmed admitted his guilt. This admission is significant as it represents the first conviction for hacking smart contracts.
Details of the Hacks on Cryptocurrency Exchanges
Ahmed's actions involved incidents in July 2022 at two exchanges, one labeled as a "cryptocurrency exchange" and the other part of decentralized finance (DeFi), specifically the Nirvana Finance protocol.
Ahmed's Skills and Hacking Methods
At 34 years old, Ahmed served as a top security engineer with expertise in reverse engineering smart contracts and #blockchain audits. He exploited vulnerabilities in the smart contracts of the cryptocurrency exchange to illicitly generate approximately $9 million in trading fees. He then negotiated with the exchange, agreeing to return most of the stolen funds in exchange for not contacting the police.
Ahmed's Attack on Nirvana Finance
In another attack, Ahmed targeted Nirvana Finance in July 2022. Using a so-called flash loan, he secured about $10 million, manipulated Nirvana's smart contracts, and pocketed around $3.6 million. Despite Nirvana's offer of a bug bounty, Ahmed demanded $1.4 million, leading to Nirvana's downfall and retention of all stolen funds.
Complex Money Laundering Methods Post-Attacks
Ahmed employed sophisticated money laundering techniques, including token-swap transactions, transferring fraud proceeds between different blockchains, and converting financial assets to the privacy-focused cryptocurrency #Monero (XMR).
Ahmed Faces Up to Five Years in Prison
Ahmed pleaded guilty to one count of computer fraud, facing a sentence of up to five years in prison. As part of the plea agreement, he agreed to forfeit over $12.3 million, including about $5.6 million worth of stolen cryptocurrencies. His sentencing is scheduled for March 13, 2024, before U.S. District Judge Victor Marrero.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
U.S. Prosecutor Announces Ahmed's Admission
Damian Williams, the U.S. Attorney for the Southern District of New York, announced on Thursday that Ahmed admitted his guilt. This admission is significant as it represents the first conviction for hacking smart contracts.
Details of the Hacks on Cryptocurrency Exchanges
Ahmed's actions involved incidents in July 2022 at two exchanges, one labeled as a "cryptocurrency exchange" and the other part of decentralized finance (DeFi), specifically the Nirvana Finance protocol.
Ahmed's Skills and Hacking Methods
At 34 years old, Ahmed served as a top security engineer with expertise in reverse engineering smart contracts and #blockchain audits. He exploited vulnerabilities in the smart contracts of the cryptocurrency exchange to illicitly generate approximately $9 million in trading fees. He then negotiated with the exchange, agreeing to return most of the stolen funds in exchange for not contacting the police.
Ahmed's Attack on Nirvana Finance
In another attack, Ahmed targeted Nirvana Finance in July 2022. Using a so-called flash loan, he secured about $10 million, manipulated Nirvana's smart contracts, and pocketed around $3.6 million. Despite Nirvana's offer of a bug bounty, Ahmed demanded $1.4 million, leading to Nirvana's downfall and retention of all stolen funds.
Complex Money Laundering Methods Post-Attacks
Ahmed employed sophisticated money laundering techniques, including token-swap transactions, transferring fraud proceeds between different blockchains, and converting financial assets to the privacy-focused cryptocurrency #Monero (XMR).
Ahmed Faces Up to Five Years in Prison
Ahmed pleaded guilty to one count of computer fraud, facing a sentence of up to five years in prison. As part of the plea agreement, he agreed to forfeit over $12.3 million, including about $5.6 million worth of stolen cryptocurrencies. His sentencing is scheduled for March 13, 2024, before U.S. District Judge Victor Marrero.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Floki Inu, a popular #memecoin , has experienced a significant price surge, hitting a new all-time high of approximately $0.0003394.
This 30% increase in value has pushed $FLOKI market capitalization above $3.2 billion, allowing it to surpass major cryptocurrencies such as #Cronos , #Monero and #Arbitrum . As a result, FLOKI is now ranked as the 40th-largest cryptocurrency and the fifth-largest meme coin by market cap.
#TrendingTopic
This 30% increase in value has pushed $FLOKI market capitalization above $3.2 billion, allowing it to surpass major cryptocurrencies such as #Cronos , #Monero and #Arbitrum . As a result, FLOKI is now ranked as the 40th-largest cryptocurrency and the fifth-largest meme coin by market cap.
#TrendingTopic