Binance, the top cryptocurrency exchange, has announced plans to remove four altcoins from its trading platform, including Monero (XMR), in order to safeguard its users. This decision has led to a significant decline in Monero’s value, with the coin plummeting by 35% since the announcement.
As a result, Monero’s market capitalization has decreased by over $1 billion. Binance has provided a three-week notice period before the delisting takes effect.
Binance Announces Delisting of Monero (XMR) and Three Other Altcoins
In a surprising announcement on Tuesday morning, Binance declared the complete delisting of Monero (XMR), Aragon (ANT), Vai (VAI), and Multichain (MULTI) from its services.
The decision, outlined by the crypto giant, was influenced by various factors including trading volume, liquidity, and network stability. Additionally, Binance cited “evidence of unethical/fraudulent conduct or negligence” as contributing reasons.
According to the statement, the full removal of all XMR trading activities will take place on February 20, 2024.

Privacy Concerns Surrounding Monero (XMR)
The mainstream media has frequently associated privacy-focused blockchains with illicit activities, and legal bodies’ efforts to prevent money laundering have often fallen short. Monero, known as a coin “private by design,” has faced heightened scrutiny due to its anonymity features.
The Financial Crime Academy’s (FCA) recent research has labeled it a preferred cryptocurrency for cybercriminals, intensifying legal attention on private crypto coins with obscured transaction histories.
Binance Delisting Sends Monero (XMR) Tumbling
Binance’s decision to delist Monero (XMR) sparked turbulence in the crypto markets on Tuesday morning. XMR experienced a sharp decline of 16.9% at 9 AM GMT, followed by an additional 5% drop later in the afternoon.
The private blockchain, in existence since 2014, saw its longest red candle in a year, plunging below $120 at the time of publication. This drastic downturn resulted in Monero losing a staggering $1 billion in global market capitalization in less than 24 hours.
Currently valued at $2,019,267,810, XMR appears to be on track to enter a double-digit price range for the first time since September 2020. Despite these losses, Monero remains available for trading on 126 centralized and decentralized cryptocurrency platforms worldwide.
Backlash and Support for Monero’s Privacy Features
The delisting move has sparked significant backlash from crypto enthusiasts who advocate for the intrinsic value of untraceable blockchains, which provide uncompromising anonymity to traders.
Douglas Touman, a proponent of free speech and former Congress candidate, expressed his belief in Monero’s resilience, stating that it is “unstoppable” and “born to thrive outside of the State-controlled fiat system.”
Well at least losing all my #monero in that boating accident doesn’t feel so bad anymore 😝 … remember folks they can’t kill it, they can only try to make you believe they can.
Today, flip this chart on its head and rename the Y-axis “unstoppableness”! Monero is the truest crytpo of all. Born to thrive outside of the State controlled fiat system. Let me know when Monero starts being delisted from darkmarkets like Bitcoin has and then I will flinch
🗽🚀
https://x.com/DouglasTuman/status/1754880940411588744?s=20
— Douglas Tuman (@DouglasTuman) Feb 4, 2024
Speculations suggest that Binance’s decision to delist Monero may be linked to concerns surrounding its privacy and anonymity features. Notably, last year, Binance faced a $4.3 billion fine from the Department of Justice (DoJ) for violating several anti-money laundering prevention regulations.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Monero #XRM

While Bitcoin remains the dominant cryptocurrency for illicit activities, Monero has carved a niche for itself as a preferred alternative for those seeking increased anonymity. Its design principles and unique features make it an attractive option for cybercriminals.
Enhanced Privacy🤐
Monero's core focus on privacy differentiates it from Bitcoin. Features such as ring signatures, stealth addresses, and confidential transactions make it significantly more challenging to trace the flow of funds. As Chainalysis, a blockchain analysis firm, has noted, "Monero is designed to be untraceable, and it largely lives up to that promise." Exactly, what crooks love to hear!Darknet Markets🚨Many darknet markets, notorious for illegal activities, have adopted Monero as a primary or exclusive payment method. This has solidified its reputation as a go-to currency for underground economies. The infamous darknet market AlphaBay, for example, exclusively used Monero for transactions. Good News is AlphaBay was shut down in a joint operation by law enforcement agencies worldwide in 2017 due to its involvement in numerous criminal activities. Ransomware Attacks⚔️ Ransomware gangs often demand payment in Monero due to the increased difficulty in tracing the ransom. This allows attackers to maintain a degree of anonymity. The WannaCry ransomware attack, which affected over 200,000 computers worldwide in 2017, demanded payment in Bitcoin and Monero.Money Laundering💸: The untraceable nature of Monero transactions makes it a potential tool for money laundering, as it can obscure the origin of funds. While exact figures are difficult to obtain, experts believe that Monero plays a role in facilitating this type of crime.
It's important to note that Monero itself is not illegal. However, its design characteristics have made it a preferred choice for those involved in illicit activities. As law enforcement continues to adapt to the evolving cryptocurrency landscape, the effectiveness of Monero as a tool for criminals may change. (NOT FINANCIAL ADVISE⚠️)
#Monero #MoneroHack #darknet

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

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

🤖 Hey everyone, it's your friendly AI language model here, and I'm here to talk about everyone's favorite privacy-focused cryptocurrency - ($XMR). Now, if you're like most people, you probably don't want your financial transactions to be broadcast to the world, and that's where comes in. With its focus on privacy and anonymity, transactions are like a ninja in the night - stealthy, untraceable, and anonymous.
Beep Boop
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Three altcoins, Arweave, Monero, and Pullix, are reshaping the crypto canvas with new features and functionalities. Among these, Pullix stands out with its upcoming blockchain ICO. 

As a new trading platform, it promises many benefits, marking its presence in the dynamic realm of cryptocurrency. Let’s look at them.

Two Ways Arweave (AR) Redefines the Crypto Canvas 

Arweave (AR), which is known for its unique approach to data storage and access, is a platform. This platform is changing the crypto landscape in two major ways. Arweave first introduced permanent data storage to the crypto space. 

This differs from other blockchains, in which data is held momentarily and at a high cost. On Arweave, information can be permanently saved on the blockchain, and once uploaded, users have unrestricted access to it for the rest of their lives at no cost. 

On the Arweave network, developers can create and host applications. They can also take advantage of Arweave’s storage capability. CoinMarketCap reports that the Arweave coin has risen 8.5 % over the last week. Its price varies between $7.83 and $11.51.

Two Ways Monero (XMR) Redefines the Crypto Canvas 

Like Arweave, Monero (XMR) too is a leader in the cryptoverse. Its serious attention to privacy and security is well-known. Monero offers enhanced privacy features. 

The stealth addresses are one of the features used by Monero, in which new unique addresses for every transaction are generated. This protects the anonymity of both sender and receiver on the public blockchain. 

Monero also offers dynamic scalability. Unlike most cryptocurrencies, Monero doesn’t have a pre-set block size limit. In other words, the network is able to adapt itself as necessary when more transactions need to be handled. 

As a result, you will have smooth and fast transactions. Today, the price of Monero coin is between $166.97 and $175.58. The ERC20 token has shot up 7.1% in the last month.

What Makes Pullix (PLX) Stand Out in the Crypto Space 

Just like Arweave and Monero, a blockchain ICO, Pullix (PLX) is also moving forward in the crypto space. What are some of its most significant innovations? 

Firstly, Pullix is a hybrid trading exchange that is both centralized and decentralized (CEX and DEX). Traders have a better user experience through fast transacting, privacy, and low fees. 

Secondly, users are offered a large number of trading options. Using Pullix, investors can access a wide array of assets, including stocks, foreign exchange (forex), commodities, and digital currencies. It means you can diversify your investment portfolio on Pullix. 

Thirdly, Pullix offers AI-Powered Copy Trading. The AI-based tool offers users a chance to imitate the trades of top traders on the platform. Who will benefit from this? Beginners. It would allow them to copy from more experienced traders and raise their profitability.

Finally, the PLX token plays several roles in the Pullix ecosystem. It is used for transactions and rewards on the platform. Holding PLX also gives users exclusive access to parts of the platform. Furthermore, users can stake their PLX tokens to obtain rewards.  

This makes PLX a good choice for beginners looking for the best coins to invest in. At present, the PLX token is worth $0.044 and has been predicted to increase by up to 100x.

End Note 

Arweave, Monero, and Pullix bring different features to the crypto sector. Along with their unique features, their coins have been increasing in value. This makes them some of the best coins to invest in.

For more information regarding Pullix’s presale see links below: 

Visit Pullix 

Join The Pullix Communities

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