Category: Cryptocurrency News

submitted by /u/eljugador416 [link] [comments]

Once you settle into ETH being the best Place for the best products you can almost come to grips with the price at the GWEI Station only having one flavor. And that's premium. I guess we pay more cause its better….and one day VB will reach into his bag of smart contracts and refund you…
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It seems UK users will soon be unable to access Monero on one of the leading crypto exchanges. There have always been concerns around the Bitcoin competitor regarding the absolute privacy that the digital asset confers. Until now, it remains impossible to track/trace Monero transactions, making it the ultimate privacy coin, and governments are worried that individuals will use this to evade taxes. Another concern is around the use of the cryptocurrency as a criminal tool, although there is no definitive way to tell if this is true. However, it remains high enough on the list of concerns that even countries where cryptocurrencies are not illegal are clamping down on the cryptocurrency. The latest is the UK as regulations have pushed Kraken to remove access for its citizens. Delisting Monero Over Regulations In an email sent out to users that were posted on Reddit, Kraken outlines the reason for the delisting. The email explained that the crypto exchange was trying to be in compliance with UK regulations and as such, it will no longer be supporting Kraken (Payward Ltd) on its platform. The delisting will happen in a week and will affect trading activities around the privacy coin. Related Reading | Cardano Leads Altcoins As Market Marks 13th Consecutive Week Of Inflows Kraken announced in the email that as of November 26th, UK users will no longer be able to trade Monero (XMR) on the platform. All trading activities will cease including Instant Buy/Sell Services, order book trading on the XMR/BTC, XMR/USD, and XMR/EUR pairs. In addition to halted trading services, UK users will also not be allowed to fund their balances with Monero on the exchange after November 26th. However, users will be able to withdraw all of their current Monero balance to other wallets or exchanges. XMR trading at $234 | Source: XMRUSD on TradingView.com Margin trading is also affected and will slowly go into effect. On November 23rd, UK users will no longer be able to increase their Monero margin positions on the exchange but they can reduce it. Three days after, on November 26th, the exchange will force liquid all open margin positions and cancel all open orders. In closing, the Kraken team said; “We appreciate your understanding and we apologise for any inconvenience caused. Should you have any questions, please do not hesitate to contact our support team.” Why The Crackdown? Monero is one of the few cryptocurrencies that manage to confer absolute privacy to their investors. This has made it the coin of choice for investors who want to be in control of their own money. As this Reddit user eloquently puts it, it’s “One of the few coins that truly makes your money your own. Security without compromising privacy, something that was unheard of only a few years ago.” Related Reading | New Record For Bitcoin Lightning Network As Adoption Grows Monero is a cryptocurrency that has maintained the privacy component behind the creation of cryptocurrencies. It puts the investor in complete control and makes it impossible for a third party to interfere or see where the funds are going, and since governments cannot track it, then they cannot tax it. Hence the crackdown on privacy coins to limit their use by residents. Featured image from Kraken Blog, chart from TradingView.com

submitted by /u/Michellerose6834 [link] [comments]

You know the classic ones any time BTC drops 1% it's a major "rout" and "crash" yada yada yada. I always whip open my crypto app and check the price and laugh.. 65-70k CAD? It quite literally feels like yesterday that it was 1k and I was wondering if I should hop on board(spoiler I…
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After the $700 million Crypto.com arena deal in Los Angeles and the previous $175 million UFC deal they have thrown a lot of money out into the marketing/partnership world but how effective will it be? Getting your name and brand out there is half the battle, but in my personal experience, their product kind of…
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U.S. Senator Ted Cruz has introduced a bill to repeal the $1 trillion infrastructure package’s crypto provision, which he said is a “devastating attack” on the crypto industry. “I urge my colleagues in the Senate to repeal this harmful language that will create regulatory uncertainty and in turn an unnecessary barrier to innovation,” he said. […]

https://blog.matter-labs.io/tagged/zksyncannounce submitted by /u/astarinmymind [link] [comments]

I was advised to liquidity mining at: eth-flowcell.com through Coinbase Wallet. I'm not entirely sure if this is a scam. Does anyone have practical experience with this? Thank for your answer. submitted by /u/TheFantasticFuture [link] [comments]