Monero’s link to a high-profile hack raises concerns and market risks. The revelation of Monero’s involvement in a high-profile hacking case, with the accused demanding ransom in the cryptocurrency, may negatively impact XMR’s price. The Finnish investigation, uncovering the intricate process of converting Bitcoin to Monero, adds complexity and raises concerns globally. CRYPTO BREAKING NEWSFinnish […]
Monero faces a delisting threat amid a liquidity crisis and regulatory pressures. Monero (XMR) encounters growing obstacles securing exchange listings amid regulatory pressures, contributing to a historic low in liquidity, as Kaiko’s recent analysis reveals. The report underscores a notable decline in market liquidity for privacy tokens, particularly Monero, driven by removals from various crypto […]
OKX Exchange delists Monero (XMR) pairs, signaling a bearish trend ahead. According to OKX, on January 5, 2024, the OKX exchange will eliminate 11 trading pairs, citing the need to uphold a robust spot trading environment. The users’ feedback partly influenced this decision. As one of the world’s largest cryptocurrency exchanges, OKX handles a daily […]
Monero (XMR) is poised for a notable upswing, with projections indicating a surge from the $170.00 level to an impressive $200.30. Despite a recent lukewarm performance, Monero’s reputation as the foremost privacy coin sets the stage for an anticipated 2024 rally. On November 26, XMR traded around $170.21, experiencing a positive shift on November 28 […]
Privacy tokens faced a significant setback amidst the cryptocurrency market surge. The privacy-focused cryptocurrency sector underwent a substantial $440 million downturn in market capital within the last ten months, displaying a 0.6% contraction against the U.S. dollar. Monero (XMR), holding the top spot in cryptocurrency capitalization among privacy coins, has observed a decline from $170.90 […]
Monero (XMR) saw a remarkable surge of 8.66% on October 30, as privacy cryptos gained an ECB (European Central Bank) boost. This surge was influenced by the European Central Bank’s Central Bank Digital Currency (CBDC) program, which sparked widespread conversations within the digital currency sphere. Although the CBDC program isn’t specifically aimed at Monero, it […]
Elliptic’s report on the surge in cross-chain crime, particularly the laundering of funds through cryptocurrencies like Monero (XMR), poses a severe threat to Monero’s growth. As the report highlights, privacy coins like Monero used in illicit activities have increased, negatively impacting Monero’s reputation and adoption. Criminals exploit privacy features for money laundering, inviting regulatory scrutiny […]
Gaming firm Razer has experienced a security breach, with a hacker demanding $100,000 in cryptocurrency in exchange for stolen source code and back-end login details. The breach includes the compromise of folders labeled ‘zVault’ and encryption keys related to Razer’s rewards system. The stolen data was offered for sale on a hacker forum, with the […]
Bears’ Pressure increases in Monero market Monero (XMR) Price Analysis: 13 February In case sellers are successful in lowering the price below $152, Monero may drop to the $144 and $134 range. If the $152 support level holds, the price might increase to the resistance levels of $185, $203 and $218. Key Levels: Resistance Levels: […]
