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The Securities and Exchange Commission has adopted rules requiring market participants who play a key role in providing liquidity to comply with federal securities laws, including virtual currencies.The SEC voted 3-2 to adopt the rulemaking at Tuesday's meeting, and the proposed 194-page format included one reference to cryptocurrencies in a footnote. The 247-page rule adopted Tuesday applies to people trading cryptoassets that meet the definition of securities or government securities, except those with assets of less than $50 million. According to the rules adopted, the rules will have an impact on decentralized finance. “If an individual’s trading activities in cryptoassets,…
Monero XMR/USDThe digital currency known for its privacy features fell 37% in a day after Binance announced it would soon delist the cryptocurrency from its trading platform.what happened: According to a statement from Binance on February 6th, Monero is aragon Ali/US dollar, multi chain (Crypto: Multi), and Vai VAI/USDwill be delisted from the exchange on February 20, 2024.As a result, Binance will suspend all trading pairs related to Monero. This includes pairing it with Monero. Bitcoin BTC/USD, Ethereum ETH/USD, tether USDT/US dollarand binance coin BNB/USD.The announcement further detailed that after a trading halt, “all trading orders will be automatically deleted…
On February 6th, Binance announced that it will delist Monero (XMR) and three other cryptocurrencies from its services on February 20th. Following this announcement, Monero experienced massive panic selling. However, as Finvold reported on January 4 of this year, the crypto market was already anticipating delisting. On this occasion, Binance labeled XMR under a “monitoring tag”, providing a clear signal to the market leading to this latest announcement a month later. As a next step, the centralized exchange will remove the four currently available Monero pairs on February 20th. The pairs are XMR/BNB, XMR/BTC, XMR/ETH, and XMR/USDT. Binance will void…
Monero {{XMR}} fell about 30% on Tuesday, hitting a 20-month low after crypto exchange Binance announced it would stop listing privacy tokens on February 20th.Monero and the three other tokens to be delisted (Aragon {{ANT}}, Multichain (MULTI), and Vai (VAI)) no longer meet the standards expected by Binance, the exchange said in a blog post. Ta.”If a coin or token no longer meets these standards, or if the industry changes, we will conduct a more detailed review and may result in delisting,” Binance said in a statement.Privacy coins are cryptocurrencies that maintain anonymity by hiding the flow of money on…
Monero (XMR), the market's largest privacy-focused cryptocurrency, will be delisted by Binance, the world's largest cryptocurrency exchange. Binance said in the announcement that after the review, XMR will be subject to a new delisting. XMR, popular since 2014 for those seeking blockchain anonymity, fell quickly after the announcement and is currently trading at $108.80, down about 32% in the past 24 hours. In addition to Monero, Binance also announced that it will delist decentralized governance network Aragon (ANT), artificial intelligence-focused blockchain Viot (VAI), and enterprise blockchain platform Multichain (MULTI). According to the cryptocurrency exchange, various factors are taken into account…
Cryptocurrency markets are sending mixed messages during U.S. business hours on Tuesday. While major players prefer Bitcoin (BTC)Ethereum (ETH), XRP, Cardano (ADA) are stuck in holding patterns, and some altcoins are facing a different fate. For example, Monero has taken a hit after the largest cryptocurrency exchange, Binance, announced that it would delist its XMR trading pair. This move, likely due to regulatory concerns, caused the price of Monero to plummet. So while some altcoins are reflecting Bitcoin's cautious consolidation, others like Monero are feeling the sting of the bearish news. Binance to delist XRP: Can XMR weather the storm?…
We do the research and you get the alpha!Get exclusive reports and access key insights on airdrops, NFTs, and more. Subscribe to Alpha Reports today and step up your game.To Alpha ReportBinance will delist privacy coin Monero (XMR) along with several other assets on Feb. 20, the company announced in a blog post on Tuesday morning.Following the news, the price of XMR fell 17% and is currently trading at $138.00, according to data from CoinGecko. With a market capitalization of $2.6 billion, it is by far the largest asset to be delisted.Other coins include Aragon (ANT), Multichain (MULTI), and Vai…
Mike ScarcellaApple has asked a U.S. court to dismiss a consumer lawsuit accusing the iPhone maker of illegally banning apps that facilitate cryptocurrency transactions and inflating fees for platforms like Venmo and Cash App.The Cupertino, California-based technology company said in a filing in California federal court on Friday that the four Venmo and Cash App users who filed the antitrust lawsuit did not cite any unlawful app rules or business agreements. The lawsuit, filed in November, alleges that Apple's restrictions on cryptocurrency technology have stifled competition in peer-to-peer payments and driven up fees for cash and credit card transactions on…
On Feb. 6, privacy and security-focused token Monero (XMR) saw its price fall after Binance, one of the largest cryptocurrency exchanges, announced it would delist it along with three other tokens within the coming weeks. Monero (XMR) is scheduled to be delisted this month Binance recently announced that it will delist and cease all trading activity for Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) effective February 20, 2024 at 3:00 AM UTC. This decision was made after Binance's latest review determined that the platform can no longer support these tokens. Binance revealed its decision to delist the tokens,…
After review, Binance removed the four altcoins from trading to protect its users. Monero It has fallen 35% since the announcement, losing more than $1.B in Market capitalization. Binance was fined $4.3 billion for violating anti-money laundering laws. Major cryptocurrency exchange Binance has issued a three-week notice to permanently remove four alternative cryptocurrencies from its platform. In a shocking announcement on Tuesday morning, Binance declared that Monero (XMR), Aragon (ANT), Vai (VAI), and MultiChain (MULTI) would be removed from its services. The message from the crypto giant outlined various factors that contributed to the decision. Key factors include trading volume,…