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Monero ({{XMR}}) fell roughly 30% on Tuesday to its lowest price in 20 months after cryptocurrency exchange Binance announced it would stop trading privacy tokens as of February 20.The exchange said in a blog post that Monero and the three other tokens it is delisting – Aragon (ANT), Multichain (MULTI) and Vi (VAI) – no longer meet the standards expected by Binance.”If a coin or token no longer meets these standards or the industry changes, we may conduct a more detailed review and delist it,” Binance said.Privacy coins are cryptocurrencies that hide the flow of funds across the network to…

Monero, the leading privacy-focused cryptocurrency, plunged to its lowest price in months as Binance announced the upcoming delisting of the token from its platform.Binance will delist Monero (XMR) on February 20, 2024, along with other tokens such as Aragon (ANT), Multichain (MULTI), and Vai (VAI), the exchange announced on February 6. did.As a result of the delisting, Binance has removed all four trading pairs related to Monero, including trades against Bitcoin (BTC), Ether (ETH), Tether (USDT), and Binance's native coin, BNB (BNB). I will do it.“All trading orders will be automatically deleted upon completion of trading on their respective trading…

Monero (XMR) fell about 30% on Tuesday, hitting a 20-month low after crypto exchange Binance announced it would stop listing its 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.”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…

JPMorgan (JPM) said in a research note on Thursday that the growing dominance of stablecoin Tether (USDT) is detrimental to the broader cryptocurrency ecosystem.“We believe the increased concentration on Tether over the past year is negative for the stablecoin world and the broader crypto ecosystem,” the bank said.stable coin Analysts led by Nikolaos Panigirtzoglou say Tether faces regulatory risks across multiple jurisdictions and that “Given the lack of regulatory compliance and transparency, Tether is largely at risk.” Says.However, the bank said there are opportunities for other stablecoins as issuers that adhere more closely to existing regulations could benefit from the…

Tether (USDT), the leading stablecoin, surpassed the financial giants in just 90 days and boasts an impressive run rate of $11.4 billion annually. This success has led to nearly $100 billion in circulation, which exceeded Goldman Sachs' profits last quarter, as reported by Bitwise CIO Matt Hogan. However, JPMorgan has expressed concerns about Tether's dominance, citing regulatory and transparency issues. Growing to $100 billion! JPMorgan analysts led by Nikolaos Panigirtzoglou see Tether's growing dominance over the past year as a potential risk to stablecoins and the broader crypto market. There is. Transparency regarding Tether's regulatory challenges is seen as a…

The opinions expressed in this article are those of the author and do not in any way represent the editorial position of Euronews. The timing of a recession is difficult to predict, but one thing is certain: the potential for downside to Europe's future economic growth is real, writes Osama Rizvi . advertisementRising rents, mortgages and energy prices have created a difficult economic situation for people living in the euro area, where wages barely cover basic necessities. It certainly feels like a recession, but is it really?The International Monetary Fund (IMF) says that although there is no formal definition of…

breadcrumb trail linklocal businessenergyworkB.C. said cryptocurrency mining consumes “significant amounts of electricity” by running high-performance computers 24 hours a day.Article author:canadian pressDarryl GreerPublished February 5, 2024 • Last updated: February 6, 2024 • 2 minute read Register for free here to save this article. Or sign in if you have an account.The Law Courts building, home to the B.C. Supreme Court and Court of Appeal, photographed on Thursday, Nov. 23, 2023, in Vancouver. A cryptocurrency mining company has lost a bid to force BC Hydro to supply vast amounts of electricity. This supports the right of state governments to suspend…

Although there are no major macroeconomic events scheduled this week, there are quite a few important crypto events scheduled. Bitcoin price appears to be in a distribution phase and could fall to a daily imbalance of around $41,400. Investors should pay close attention to BTC as the majority of altcoins are highly correlated with pioneering cryptocurrencies. Only a select few altcoins tend to carve their own path. Bitcoin Price Analysis – Read More AI may gain attention The focus of the next few weeks will be on artificial intelligence (AI) for two main reasons: February 8th to 10th – World…

breadcrumb trail linklocal businessenergyworkB.C. said cryptocurrency mining consumes “significant amounts of electricity” by running high-performance computers 24 hours a day.Article author:canadian pressDarryl GreerPublished February 5, 2024 • Last updated: February 6, 2024 • 2 minute read Register for free here to save this article. Or sign in if you have an account.The Law Courts building, home to the B.C. Supreme Court and Court of Appeal, photographed on Thursday, Nov. 23, 2023, in Vancouver. A cryptocurrency mining company has lost a bid to force BC Hydro to supply vast amounts of electricity. This supports the right of state governments to suspend…

Bitcoin recorded gains on Monday, with the digital asset surpassing the $43,000 level. The move comes as markets expect the Federal Open Market Committee (FOMC) meeting in May to begin a cycle of U.S. central bank interest rate cuts.The world's largest cryptocurrency by market capitalization rose more than 0.5% in the past 24 hours to $43,100 as of 7:30 a.m. ET, according to The Block's price page.Andre Dragos, head of research at ETC Group, said market participants expect the Fed to begin a rate-cutting cycle in May based on the amount currently priced in federal funds futures.Federal funds futures contracts…