Monero

Dogecoin

<div class="finbold">
 <p class="paragraph">On February 20, Binance concluded the <a rel="noopener noreferrer nofollow" title="delisting" href="https://thebittimes.com/tag/delisting.html">delisting</a> of Monero (XMR), as previously announced and reported by Finbold. The day before the <a rel="noopener noreferrer nofollow" title="delisting" href="https://thebittimes.com/tag/delisting.html">delisting</a> was tumultuous for the leading privacy coin.&nbsp;</p>
 <p class="paragraph">Interestingly, Binance customers reported the centralized exchange suddenly suspended Monero <a rel="noopener noreferrer nofollow" title="withdraw" href="https://thebittimes.com/tag/withdraw.html">withdraw</a>als on February 19, raising concerns about the company’s motives. A print screen shared on X (formerly Twitter) showed a working deposit system for XMR and the suspension warning:</p>
 <p class="paragraph">“Monero (XMR): Withdrawal suspended. Low hot wallet balance”</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Will XRP ever reach $1? <span class="self-center text-xs text-slate-500">30 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Dogecoin price prediction as DOGE surpasses 1 million daily transactions in February <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    XRP set to soar as expert identifies '2024 Run' to $2 <span class="self-center text-xs text-slate-500">21 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    3 cryptocurrencies under $0.10 to buy this week <span class="self-center text-xs text-slate-500">21 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">In this context, the privacy enthusiast and commentator under the pseudonym <em>Untraceable</em> questioned Binance’s operation and motives. He pointed out that the exchange should have all XMR available for withdrawals following its delisting schedule to avoid mass selling.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">What possible reason does Binance have to keep any XMR in a cold wallet at this point? With hours to go until <a rel="noopener noreferrer nofollow" title="delisting" href="https://thebittimes.com/tag/delisting.html">delisting</a>?<br><br>None.<br><br>They want you to have to sell XMR instead of <a rel="noopener noreferrer nofollow" title="withdraw" href="https://thebittimes.com/tag/withdraw.html">withdraw</a>ing it. Scumbags.</p>— ᴜɴᴛʀᴀᴄᴇᴀʙʟᴇ (@DontTraceMeBruh) February 19, 2024
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">According to the announcement, Binance customers will have until May 20, 2024, to withdraw any Monero left on the platform.</p>
 <h2 class="wp-block-heading" id="h-monero-price-analysis-amid-delisting-and-withdrawal-suspension">Monero price analysis amid delisting and withdrawal suspension</h2>
 <p class="paragraph">Meanwhile, a sell-off indeed happened on February 19, and Monero reached its all-time low against Bitcoin (BTC). XMR traded as low as 0.002100 BTC on Kraken, another centralized exchange and an alternative to Binance.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/02/20/b73f19ada27b91852b1325ff3fa953d6.webp" alt class="wp-image-156049" srcset="https://cdn.thebittimes.com/images/2024/02/20/b73f19ada27b91852b1325ff3fa953d6.webp 1024w, https://cdn.thebittimes.com/images/2024/02/20/b73f19ada27b91852b1325ff3fa953d6.webp 300w, https://cdn.thebittimes.com/images/2024/02/20/b73f19ada27b91852b1325ff3fa953d6.webp 768w, https://cdn.thebittimes.com/images/2024/02/20/b73f19ada27b91852b1325ff3fa953d6.webp 1536w, https://cdn.thebittimes.com/images/2024/02/20/b73f19ada27b91852b1325ff3fa953d6.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XMR/BTC daily chart. Source: <em>TradingView</em> (Finbold)
  </figcaption>
 </figure>
 <p class="paragraph">On the other hand, Monero is holding the $120 price range against the U.S. Dollar. Notably, XMR has kept its range since the <a rel="noopener noreferrer nofollow" title="delisting" href="https://thebittimes.com/tag/delisting.html">delisting</a> announcement on February 6. Trading as low as $101 following a massive sell-off and as high as $134.84 the day after.</p>
 <p class="paragraph">The XMR/USD index by <em>TradingView</em> registers a price of $119.72 by press time.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/02/20/ab839a4bf4448ebd375e26f5dd9df689.webp" alt class="wp-image-156050" srcset="https://cdn.thebittimes.com/images/2024/02/20/ab839a4bf4448ebd375e26f5dd9df689.webp 1024w, https://cdn.thebittimes.com/images/2024/02/20/ab839a4bf4448ebd375e26f5dd9df689.webp 300w, https://cdn.thebittimes.com/images/2024/02/20/ab839a4bf4448ebd375e26f5dd9df689.webp 768w, https://cdn.thebittimes.com/images/2024/02/20/ab839a4bf4448ebd375e26f5dd9df689.webp 1536w, https://cdn.thebittimes.com/images/2024/02/20/ab839a4bf4448ebd375e26f5dd9df689.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XMR/USD daily chart. Source: <em>TradingView</em> (Finbold)
  </figcaption>
 </figure>
 <p class="paragraph">As of writing, Binance has already delisted and disabled Monero trading and deposits on the platform. Some privacy enthusiasts celebrated the event, arguing that this will boost privacy and true price discovery moving forward.</p>
 <p class="paragraph">However, losing the most liquid market is a challenge XMR has to overcome in the short term to prove its resilience. Furthermore, other trading platforms and fiat ramps may decide to follow Binance’s lead, removing Monero.</p>
 <p class="paragraph">Thus, there is currently much uncertainty related to the future of this leading privacy coin, and investors must be cautious. Further development and solutions like decentralized exchanges will play a vital role in Monero’s future amid centralized exchanges’ delistings.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-suspends-monero-withdrawals-a-day-before-delisting-xmr-tbt80281.html">https://thebittimes.com/binance-suspends-monero-withdrawals-a-day-before-delisting-xmr-tbt80281.html</a></p>

Binance suspends Monero withdrawals a day before delisting XMR

目錄

TheBitTimes

在 2024年2月20日發表的其他文章

DeeStream (DST) gains Solana (SOL) & Tether (USDT) holders as streaming platform set for big gains

Binance Removes Four Altcoins from Its Trading Platform

Low-cap crypto skyrockets 400% following the ‘Polygon Killer’ comments by prominent crypto analyst

Starknet Back to Business as Exchanges Prepare for STRK Token Launch

NVIDIA Corporation (NASDAQ: NVDA) on Upbeat AI Demand

Ripple Lands New Major User, XRP Integration to Follow?

訂閱免費電子報，每天收取加密貨幣最新動態！