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Binance May Get Banned For Illegal Sales Promotion In This Nation

Binance has been receiving a heavy backlash from global regulators and think tanks over its trading and promotion policies. In the latest development, World’s...

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Expected Boost For Parody Coin (PARO), As Algorand (ALGO) And Monero (XMR) Remains Bullish

Privacy settings Decide which cookies you want to allow. You can change these settings at any time. However, this can result in some functions no...

Monero (XMR) Supporters Accuse Exchanges of Paper Trading, Coordinate a ‘Bank Run’

Supporters of OG privacy coin Monero (XMR) claim that crypto exchanges are not being honest about the amount of XMR in their reserves. Proponents of...

Monero (XMR) Supporters Accuse Exchanges of Paper Trading, Coordinate a ‘Bank Run’

Supporters of OG privacy coin Monero (XMR) claim that crypto exchanges are not being honest about the amount of XMR in their reserves. Proponents of...

Monero (XMR) Supporters Accuse Exchanges of Paper Trading, Coordinate a ‘Bank Run’

Supporters of OG privacy coin Monero (XMR) claim that crypto exchanges are not being honest about the amount of XMR in their reserves. Proponents of...

EU Votes to Crack Down On Crypto Privacy

The European Union has approved rules that target anonymity in the digital asset space after a close vote on Thursday afternoon. The Committee on Economic...

FTM, ADA, and XMR Garner Investors Attention Amid Market Fumble

FTM, ADA, and XMR Garner Investors Attention Amid Market Fumble

Monero’s latest increases have been double-digits despite the current market scenario. The Cardano network will reach the 3.5 million address

The post has appeared first on thenewscrypto.com

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Privacy Crypto Assets XMR, ZEC See Double-Digit Gains Amid Tightened Global Economy

Privacy Crypto Assets XMR, ZEC See Double-Digit Gains Amid Tightened Global EconomyOver the last week, the United States and president Joe Biden’s administration tightened sanctions against Russia a great deal. The U.S. banned Russian energy imports, a number of other types of imported goods, and a series of harsh financial sanctions against Russia. In the midst of a restricted global economy, the top two privacy-centric crypto […]

Monero (XMR) Price Surges 10% in Last 24 Hours Following Recent Developments

Monero (XMR) Price Surges 10% in Last 24 Hours Following Recent Developments

The RINO wallet was released and is currently available in a public beta. The ‘Oxygen Orion’ version of Monero GUI

The post has appeared first on thenewscrypto.com

Is cryptocurrency a workaround for sanctions against Russia?

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption War-mongering Russia is finding itself increasingly isolated. Can cryptocurrency help the rogue state soften the blow of sanctions?

Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally

Privacy coins, Zcash (ZEC) and Monero (XMR), have been outperforming larger cryptocurrencies in the last 24 hours. The sudden surge on the price of these cryptocurrencies seems to be responding to recent developments around the Russia-Ukraine conflict, and the signed of an executive order from the U.S. Joe Biden administration. Related Reading | Monero (XMR) Price Slides As Canada Includes Crypto In Emergencies Act At the time of writing, Zcash (ZEC) records a 11.7% profit trading at $142, while Monero (XMR) records a 15.5% profit trading at $195. These cryptocurrencies have been following the general sentiment in the crypto market flipping towards a more positive stands as Bitcoin breaks above $41,000. Zcash And Monero React To A FED Coin As mentioned, the U.S. President Joe Biden has signed an executive order which has surprise for its positive approach to cryptocurrencies and digital assets. As the war between Russia and Ukraine ranges on, the International Community has quickly imposed financial sanctions of Putin, the Russian elite, and its banking system. As Coin Center’s Executive Director Jerry Brito said, mainstream media have been pushing a negative narrative around cryptocurrencies. Classifying them as “dangerous”, and with the potential to allow Russia to evade sanctions. Fortunately, some U.S. government officials have also look at the other side of the coin. The core message in this executive order, as Brito said, is a serious acknowledgment from the U.S. Federal Government of cryptocurrencies as legitimate assets. The crypto market seems to have gotten used to negative or nothing messages from the U.S., thus, why this news could have been translated into a relief rally. Jake Chervinsky, Head of Policy at the Blockchain Association, commented the following on Biden’s executive order and why it has been perceived as bullish by market participants: Anyone worried that President Biden’s executive order would spell doom & gloom for crypto can fully relax now. The main concern was that the EO might force rushed rulemaking or impose new & bad restrictions, but there’s nothing like that here. It’s about as good as we could ask. In addition to the total surge in cryptocurrencies, privacy coins like Zcash and Monero seem to have benefited from the shift in narrative. The executive order also contemplates the creation of a U.S. Central Bank Digital Currency (CBDC). This assets have been perceived as the oppositive of Bitcoin, Zcash, and Monero. Rather than give individuals power over their finances, they seem to provide governments with absolute control and oversight on the national currency. Thus, why some investors might have decided to increase their ZEC and XMR holdings. POTUS: “My Administration places the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC” FedCoin 🚨 Worth noting this entire executive order on digital assets is heavy on CBDCs, doesn’t mention Bitcoin pic.twitter.com/PuXtVI34hD — Alex Gladstein 🌋 ⚡ (@gladstein) March 9, 2022 Privacy About To Gain More Relevance? Other privacy coins have seen a similar rally with Dash (DASH) recording a 12.8% increase over the past day. Oasis Network (ROSE), Secret (SCRT), Horizen (ZEN), and Keep Network (KEEP) averaging a similar profit during the same period. In low timeframes, data from Material Indicators suggest retail investors have been leading ZEC and XMR rallies. Investors with bid order of around $100 injected close to $1 billion in liquidity for the ZEC/USDT trading pair. Related Reading | Monero (XMR) Readies For A Breakout As It Touches Important Milestone The XMR/USDT trading pair has seen a similar story. Retail investors are also leading the rally in lo timeframes.

Crypto Index Tracker – Crypto Markets Surge on Ruble Collapse

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The start of the week has seen crypto markets surge as the ruble plunged upon news of the US and allies imposing stricter sanctions. This suggests the apparent increased demand for crypto could be a result of Russians looking to ditch the ruble in favor of Bitcoin and other cryptocurrencies. This week, we also add […]

The post Crypto Index Tracker – Crypto Markets Surge on Ruble Collapse appeared first on The Daily Hodl.

Crypto ATM company GENERAL BYTES upgrades popular model with new 10″ touchscreen

GENERAL BYTES, one of the largest bitcoin and cryptocurrency ATM manufacturers, recently announced it has upgraded the BATMTwo, its most popular ATM model, with a permanent screen upgrade. The 7-inch touch screen is now a 10-inch screen, and all newly ordered BATMTwo ATMs will ship with this more ergonomic touchscreen. The new 10″ screen on […]

The post Crypto ATM company GENERAL BYTES upgrades popular model with new 10″ touchscreen appeared first on CryptoNinjas.

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