Satoshi

Monero

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<p>According to data from <a href="https://twitter.com/santimentfeed/status/1788386790505947301" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>, a market intelligence platform, <a href="https://coinmarketcap.com/currencies/monero/" target="_blank" rel="noopener noreferrer nofollow">Monero </a>is being discussed at an abnormally high rate following the announcement of LocalMonero’s closure. The increased attention on XMR comes as governments continue to crack down on privacy-focused assets, raising concerns about the future of financial privacy in the crypto space.</p>
<p>The heightened discussion surrounding Monero highlights the growing interest in and concern over the fate of privacy coins as regulatory scrutiny intensifies.</p>
<h2 class="wp-block-heading" id="monero-discussions-surge-as-government-crackdown-intensifies">Monero Discussions Surge as Government Crackdown Intensifies</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="833" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-252-1024x833.png" alt="" class="wp-image-488686" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-252-1024x833.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-252-300x244.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-252-767x624.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-252-1536x1249.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-252-2048x1666.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-252-184x150.png 184w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-252-100x81.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-252-430x350.png 430w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-252-788x640.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-252.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p>LocalMonero, a peer-to-peer (P2P) trading platform for the privacy-focused cryptocurrency Monero (XMR), has announced the immediate closure of its services. The announcement comes amidst a wave of recent crypto privacy closures and arrests, highlighting the growing pressure on privacy-centric assets from governments worldwide.</p>
<p>Effective immediately, LocalMonero has disabled all new signups and advertisement postings for Monero trades. The platform will completely disable the trading of XMR on May 14.</p>
<p>Users of the platform have been advised to reclaim any funds from their wallets before November 7, when the website will be taken down. Funds not withdrawn by this date may be considered abandoned.</p>
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<h2 class="wp-block-heading" id="sec-targets-ripple-s-proposed-stablecoin-in-court-filing">SEC Targets Ripple’s Proposed Stablecoin in Court Filing</h2>
<p>The U.S. Securities and Exchange Commission (SEC) has taken aim at Ripple’s proposed stablecoin in its latest court <a href="https://www.dropbox.com/scl/fi/uvoe3wqksdkvhdg1xrbqz/SEC-Redacted-Remedies-Reply-Brief.pdf?rlkey=4bpb3rnm6le549e12gizhcypf&amp;e=1&amp;dl=0" target="_blank" rel="noopener noreferrer nofollow">filing</a> against the crypto company. In a redacted remedies reply brief filed on May 7, the SEC described the proposed stablecoin as an “unregistered crypto asset” and further evidence that Ripple will continue to engage in unregulated activities if a permanent injunction is not issued against the company.</p>
<p>Ripple first revealed plans to issue a stablecoin in April but has not provided additional details about the token since then. The SEC’s targeting of the proposed stablecoin in its ongoing legal battle with Ripple has contributed to the increased discussion surrounding <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a>, as noted by Santiment.</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/kaspa-spot-listing-on-binance-inevitable-only-a-matter-of-days-why-kas-will-easily-reach-10/" target="_blank" rel="noopener noreferrer nofollow">Kaspa Spot Listing on Binance ‘Inevitable,’ Only a ‘Matter of Days’ – Why KAS Will Easily Reach $10</a></em></strong></p>
<p>In addition to the SEC’s focus on Ripple’s proposed stablecoin, <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP </a>price volatility has also been a major driver of discussions about the cryptocurrency. According to Santiment, the XRP Ledger is seeing a high rate of discussion due to the fluctuations in XRP’s price and the controversy surrounding Ripple’s planned stablecoin.</p>
<p>The increased attention on XRP and Ripple’s legal battle with the SEC highlights the ongoing regulatory challenges faced by the crypto industry and the potential impact on the development and adoption of new digital assets.</p>
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<p>The post <a href="https://captainaltcoin.com/monero-xmr-and-ripple-xrp-experiencing-unusually-high-discussion-rates-heres-why/" rel="noopener noreferrer nofollow">Monero (XMR) and Ripple (XRP) Experiencing Unusually High Discussion Rates: Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Monero (XMR) and Ripple (XRP) Experiencing Unusually High Discussion Rates: Here’s Why

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