China News Daily TheBitTimes.com

The Ethereum (ETH)-based layer-2 project Movement (MOVE) cratered to an all-time low on Thursday after Coinbase announced it would axe trading support for the asset on May 15th. Coinbase didn’t articulate a specific reason for the delisting, but the decision materialized a few weeks after Movement became embroiled in a controversy on another top crypto exchange. In late March, Binance banned and froze the assets of a market maker that operated for Movement. The layer-2 project’s native token launched via Binance’s Airdrops Portal in December, but Binance said that after MOVE was listed, the unnamed market maker sold approximately 66 million MOVE tokens on December 10th, with few buy orders. The market maker ended up netting a profit of $38 million worth of the stablecoin USDT before being offboarded last week. Movement uses Move, a programming language originally built by a consortium backed by tech giant Meta for the now-defunct Diem project. The language...

On February 20, Binance concluded the delisting of Monero (XMR), as previously announced and reported by Finbold. The day before the delisting was tumultuous for the leading privacy coin.  Interestingly, Binance customers reported the centralized exchange suddenly suspended Monero withdraw 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: “Monero (XMR): Withdrawal suspended. Low hot wallet balance” Picked for you Will XRP ever reach $1? 30 mins ago Dogecoin price prediction as DOGE surpasses 1 million daily transactions in February 2 hours ago XRP set to soar as expert identifies '2024 Run' to $2 21 hours ago 3 cryptocurrencies under $0.10 to buy this week 21 hours ago In this context, the privacy enthusiast and commentator under the pseudonym Untraceable questioned Binance’s operation and motives. H...

One of the largest cryptocurrency exchanges, OKX, announced delist ing several trading pairs at once. According to the Dec. 29 announcement, OKX will delist stablecoin USD Coin (USDC), Tether (USDT), and Bitcoin (BTC) trading pairs with several prominent privacy-focused cryptocurrencies, including Monero (XMR) and Dash (DASH). The delist ing will take place on Jan. 4 and 5, 2024. The exact reason for this decision is unknown. Platform representatives stated the following: “To maintain a robust spot trading environment, we constantly monitor the performance of all listed trading pairs and review their listing qualifications regularly.” OKX announcement The exchange recommended that orders for these pairs be canceled prior to delist ing, otherwise they will be canceled automatically within 1-3 business days. The exchange had also suspended accepting deposits in some currencies, including XMR and DASH, on Dec. 27. Withdrawals will be suspended on Mar. 5, 2024. Earlier, the head o...