2024

Aragon

Monero

<a href="https://bitcoinworld.co.in/monero-xmr-crumbled-35-following-binance-delisting-announcement/" title="Monero (XMR) Crumbled 35% Following Binance Delisting Announcement" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Binance to delist four altcoins, including Monero (XMR) from trading to protect users, and Monero crumbled 35% since the delisting announcement, losing over $1B in market cap.</li>
</ul>
Binance, the leading cryptocurrency exchange, issued a three-week notice on four altcoins, which will be completely removed from the platform.&nbsp;
The shocking announcement on Tuesday morning declares the all-around delisting of Monero (XMR), Aragon (ANT), Vai (VAI), and Multichain (MULTI) from Binance’s services.
The message by the crypto titan laid out various factors that contributed to the decision.&nbsp;
While the key factors included trading volume, liquidity, and network stability, Binance also outlined “evidence of unethical/fraudulent conduct or negligence.”&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/what-ronin-ron-plunged-nearly-30-after-binance-listing/" aria-label="“What? Ronin (RON) Plunged Nearly 30% After Binance Listing” (Edit)" rel="noopener noreferrer nofollow">What? Ronin (RON) Plunged Nearly 30% After Binance Listing</a>
<a href="https://twitter.com/binance/status/1754764386831347865" rel="noopener noreferrer nofollow">According</a> to the statement, the full removal of all XMR trading will occur on February 20, 2024.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> will delist the following tokens on February 20, 2024.
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24ANT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ANT</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24MULTI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MULTI</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24VAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$VAI</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24XMR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XMR</a>
 Full details here <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/3YRKqYrb7T" rel="noopener noreferrer nofollow">https://t.co/3YRKqYrb7T</a>
 — Binance (@binance) <a href="https://twitter.com/binance/status/1754764386831347865?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 2024</a>
</blockquote>
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The mass media have stigmatized illicit activity involving privacy-focused blockchains, while money laundering prevention tactics by legal bodies have often been a miss.&nbsp;
Known as a coin “private by design”, the veteran altcoin is labeled a go-to cryptocurrency for cybercriminals in the Financial Crime Academy’s (FCA) latest research, increasing legal scrutiny surrounding private crypto coins with obfuscated transaction history.
<h3 id="span-style-font-weight-400-xmr-bloodbath-escalates-with-33-drop-in-a-single-day-span">XMR Bloodbath Escalates With 33% Drop In A Single Day</h3>
Binance’s clean-up move sent shockwaves through the crypto markets on Tuesday morning. XMR plummeted by 16.9% at 9 AM GMT, facing another immediate 5% drop in the afternoon.&nbsp;
The private blockchain, existing since 2014, witnessed its longest red candle in a year to fall below $120 at publication.
Measured by market cap, Monero lost an eye-watering $1 billion in global market cap in less than 24 hours.&nbsp;
Now at $2,019,267,810, XMR could be heading to a double-digit price range for the first time since September 2020.&nbsp;
Nevertheless, Monero is still available for trading across 126 centralized and decentralized cryptocurrency platforms worldwide.
The move has raised immense backlash from crypto enthusiasts who believe in the intrinsic value of undecipherable blockchains, bringing uncompromising anonymity to crypto traders.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/metamask-partners-with-robinhood-to-enable-in-wallet-crypto-purchases/" aria-label="“MetaMask Partners With Robinhood To Enable In-Wallet Crypto Purchases” (Edit)" rel="noopener noreferrer nofollow">MetaMask Partners With Robinhood To Enable In-Wallet Crypto Purchases</a>
To illustrate, free speech proponent and former Congress candidate Douglas Touman <a href="https://twitter.com/DouglasTuman/status/1754880940411588744" rel="noopener noreferrer nofollow">remarked</a> that Monero is “unstoppable” and is “born to thrive outside of the State-controlled fiat system.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Well at least losing all my <a href="https://twitter.com/hashtag/monero?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#monero</a> in that boating accident doesn’t feel so bad anymore <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f61d.png" alt="😝" class="wp-smiley" style="height: 1em; max-height: 1em;"> … 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… <a href="https://t.co/JAd0iyeRku" rel="noopener noreferrer nofollow">pic.twitter.com/JAd0iyeRku</a>
 — Douglas Tuman (@DouglasTuman) <a href="https://twitter.com/DouglasTuman/status/1754880940411588744?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 2024</a>
</blockquote>
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Binance possibly delists Monero due to its privacy and anonymity. Last year, Binance was fined $4.3 billion by the Department of Justice (DoJ) for violating several anti-money laundering prevention rules.
<blockquote>
 Disclaimer: The information provided is not trading nor financial advice. Bitcoinworld.co.in holds no liability for any trading or investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any trading or investment decisions.
</blockquote>
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#Binance #WRITE2EARN
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The post <a href="https://bitcoinworld.co.in/monero-xmr-crumbled-35-following-binance-delisting-announcement/" rel="noopener noreferrer nofollow">Monero (XMR) Crumbled 35% Following Binance Delisting Announcement</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Monero (XMR) Crumbled 35% Following Binance Delisting Announcement

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