Month: February 2024

Monero and Multichain collapse amid Binance’s recent announcement to delist

The cryptocurrency exchange will delist four tokens from the platform. According to the crypto exchange’s announcement on Feb. 6, Binance will delist Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) on Feb. 20. “When a coin or token no longer meets this standard or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.” Binance announcement As of this date, Binance will stop trading ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, XMR/USDT. In addition, on the specified day,…

Binance to Delist Monero Privacy Token; XMR Slides

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Ripple Initiates Large XRP Transactions Post Legal Setback

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Ripple Labs, a leading cryptocurrency payment firm, has been seen moving millions of XRP tokens following the United States Securities and Exchange Commission’s (SEC) recent victory in a legal dispute. Ripple Moves Millions Of XRP As Price Holds Steady According to a recent report, Ripple Labs moved a whopping 120 million XRP tokens valued at about $60.8 million. The move has caused quite a stir within the XRP community and heightened sell-off anxiety in the face of increased market volatility. This comes after the payment firm experienced a legal setback…

Bitcoin, Ethereum price gaps narrow on U.S. crypto exchanges post-spot ETF approvals

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Bid-ask spreads on major U.S. exchanges like Coinbase and Kraken have tightened post-spot ETF approvals, signaling enhanced market liquidity and depth, analysts at Kaiko say. Bid-ask spreads for Bitcoin (BTC), which represent the difference between the highest bid and lowest ask prices, have decreased significantly post-approval, indicating an improvement in market liquidity and deeper trading activity. In a recent research report, analysts at Kaiko revealed that U.S.-based crypto exchange Kraken experienced the highest volatility in spreads during January, reaching a peak of 10 basis points on Jan. 20. Similarly, spreads…

Chainlink and Solana holders diversifying into streaming platform

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Many regret not investing in Bitcoin (BTC) earlier on. Presently, altcoins, especially DeeStream (DST), are being monitored by Chainlink (LINK) and Solana (SOL) holders. Chainlink is under pressure Chainlink is up 3% in the past day, expanding with falling trading volume. With trading volume down by 30%, it suggests that there has been a shift in market dynamics, possibly hinting at sellers. Solana’s outlook Solana is down by 6%…

Market Dip? Not for Dogecoin Wallets As Over 400,000 New Users

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Dogecoin, the Shiba Inu-faced cryptocurrency born from a meme, finds itself in an intriguing scenario. Despite a recent 23% price plunge since December, the network is experiencing an unprecedented boom in user adoption, marking a fascinating dichotomy in its current state. DOGE Frenzy: Wallet Growth Skyrockets 86% On the bullish side, non-zero wallets, indicating active users holding DOGE, have witnessed a staggering 7.2% growth since January 22nd. This translates to roughly 414,000 new wallets joining the network in just two weeks, representing the fastest growth in Dogecoin’s decade-long history. These…