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Monero has carved out a distinct niche by prioritizing privacy and anonymity. As digital transactions become increasingly common, the demand for secure and confidential financial transactions is rapidly increasing. Monero (XMR), a digital currency built on advanced cryptographic principles, aims to meet this demand by incorporating cutting-edge technology into the blockchain to keep transaction details private. But amid regulatory challenges and market fluctuations, the question remains: Is Monero still worth the hype in 2024? What is Monero? Monero is a digital currency that prioritizes privacy by incorporating special technology into the blockchain to hide transaction details. Unlike Bitcoin, where anyone…
Listings and delistings on Binance, one of the major cryptocurrency exchanges, have always had a certain impact on the price of cryptocurrencies. This has been widely seen in the past when the prices of popular meme coins such as Shiba Inu, Pepe, and many others rose significantly. However, Monero, a popular privacy-focused token, experienced a significant drop in price and trading volume shortly after Binance announced its decision to delist the token. The announcement was not universally received, as some influencers heavily criticized the move. Immediately after this move, the XMR price began to fall significantly from above $160 to…
Binance, the world's largest cryptocurrency exchange by trading volume, announced on February 6th that it will invest its leading privacy coin, Monero (XMR), in three other tokens: Aragon (ANT), Multichain (MULTI), and Vi ( VAI) announced that it would be delisted. Delisting is scheduled for February 20, 2024. Binance stated that the token no longer meets the high listing standards expected to provide users with a healthy and sustainable crypto ecosystem. TLDR Binance announced that it will delist its privacy coin Monero (XMR) along with three other coins on February 20, 2024. Monero delisted as it no longer meets Binance’s…
Last update: February 7, 2024 07:42 EST | 6 minute read After Binance's eventful announcement, the price of Monero, the leading privacy token, plummeted. In this analysis of his XMR, we consider whether Monero is destined for further declines.A significant price drop for the Monero token has shaken the XMR market with Binance's announcement yesterday after it revealed plans to remove the popular dark web cryptocurrency from public trading on the exchange.The decision comes in the wake of Monero's refusal to comply with increasing KYC requirements with the advent of stricter crypto regulations in the West, something that XMR has…
The privacy and security-focused token comes after Binance, one of the largest crypto exchanges, announced on February 6 that it would be delisted along with three other tokens in the coming weeks. Monero (XMR) price has fallen. Monero (XMR) to be delisted this month Binance recently announced that it will delist and suspend all trading activities for Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) from 03:00 on February 20, 2024 (UTC) . This decision was made after Binance's latest review determined that the platform was no longer able to support the token. Following a review of the exchange's…
Monero (XMR), which lost most of its market value following news of its upcoming delisting, partially regained its value on February 7th.XMR maintained a market price above $160 for several days before Binance announced plans to delist the asset on February 6th. With that news, the price of XMR plummeted to $100. Although initial losses were slightly lower, assets were down by about 37% in about 12 hours.Monero has now partially recovered since its price drop. The price of XMR is $130 as of February 7th at 9pm UTC. This increase represents a 20% rise in 24 hours, or a…
The cryptocurrency sector is experiencing a strong recovery today, with many major tokens seeing healthy price gains. Monero (Cryptocurrency: XMR) One of the top 50 tokens by market cap is skyrocketing today.As of 3:30 PM ET, Monero is up 25.1% in the past 24 hours, a move that appears to reflect a partial recovery trade from yesterday's delisting crash. Binance The company announced that Monero and three other tokens would be delisted on February 20, leading to a steep drop in those tokens. Following the news, Monero crashed by over 32% in a single day yesterday.Let’s take a closer look…
Privacy coin Monero (XMR) has surged again after plummeting following news that cryptocurrency exchange Binance would delist the controversial coin.According to CoinGecko, the current price of XMR is $130.54, up more than 23% in the past day.However, the post-Binance losses have not been erased, with the cryptocurrency still down 21% in seven days. To put it in perspective, XMR has taken a big hit over the past month, losing nearly 15% of its value in 30 days.Binance, the world's largest cryptocurrency exchange, announced on Tuesday that it would delist coins that allow users to trade anonymously.Binance said the asset no…
Apple has asked a U.S. judge to dismiss a consumer lawsuit accusing it of illegally banning apps that facilitate cryptocurrency transactions and jacking up fees for Venmo and Cash Apps. Mike Scarcella of Reuters: The Cupertino, Calif.-based technology company said in documents filed Friday in California federal court that four Venmo and Cash App users who filed an antitrust lawsuit cited illegal app rules and business agreements. He said no. The lawsuit, filed in November, alleges that Apple's restrictions on cryptocurrency technology are stifling competition in peer-to-peer payments and raising fees for cash and credit card transactions on PayPal's Venmo…
February 6, 2024 11:56 AM | 2 minute read | investment company analyst bernstein project a promising future into Bitcoin (Crypto: BTC), whose price has surpassed its all-time high of $69,000 and is expected to potentially reach $70,000 this year. While the firm does not foresee a smooth and volatility-free rise, it does see Bitcoin's risk-reward balance becoming better in 2024.Enter to win $500 in stocks or cryptoEnter your email address to get Benzinga's Ultimate Morning Update, a free $30 gift card, and more.what happened: Bernstein analysts Gautam Chughani and Mahika Sapura shared their insights in a note to investors:…