Users of a major darknet marketplace say they’ve been unable to withdraw Bitcoin (BTC) and Monero (XMR) as of Tuesday, March 5, amid growing fears of an “exit scam.” The marketplace — Incognito Market — is known mainly as a platform to trade narcotics and is valued between $10 million to $30 million, according to…
Crypto exchange Kraken has announced that it is winding down support for the Monero (XMR) privacy token for its customers based in Ireland and Belgium. Kraken posted a notice saying it would halt the trading and deposits for XMR from May 10. The exchange added that all margin trading positions must be closed before that…
A peer-to-peer (P2P) trading platform for privacy coin Monero has shuttered its services effective immediately, adding to the recent wave of crypto privacy closures and arrests. On May 7, LocalMonero announced that, effective immediately, all new signups and advertisement postings for Monero (XMR) trades are disabled. On May 14, the platform will disable the trading of the…
A bill has been introduced in the United States House of Representatives to ban cryptocurrency mixers for two years. Called the Blockchain Integrity Act, it is sponsored by five Democratic congresspeople led by Sean Casten. Casten defined a crypto mixer in a statement as a pool that allows users to “generate a new address and…
A 23-year-old man has been arrested in New York and charged with owning, running and profiting from a $100-million dark web narcotics marketplace after authorities claimed to have tracked crypto transfers that uncovered his real identity. Rui-Siang Lin, known online as “Pharoah,” was arrested at New York’s John F. Kennedy Airport on May 18 and…
Bitcoin (BTC) is down more than 4% this week, signaling that the bears are active near $70,000. However, Bitcoin investors seem to be viewing the dips as a buying opportunity. Market intelligence firm Santiment said in a post on X that Bitcoin’s dip to $66,600 saw a surge in buying while selling interest remained dormant….
Bitcoin (BTC) fell below $60,000 during the week, but lower levels attracted buyers who are trying to start a recovery. Bitcoin remains stuck inside the $56,552 to $73,777 range, indicating a tussle between the bulls and the bears. It is difficult to predict the direction of the breakout with certainty. Hence, traders may either trade…
Success in crypto trading often hinges on a deep understanding of fundamentals, sharp technical analysis skills, or access to market intelligence. However, the driving force behind price movement frequently comes down to market narratives. These stories about the market may or may not be fundamentally sound, but respecting them is crucial for success in crypto…
Updated Sept. 11, 10:08 a.m. UTC: This article has been updated to include a quote from the Chainalysis training video. A leaked Chainalysis video suggests that Monero (XMR) transactions could be traceable despite the privacy-preserving nature of the blockchain. The leaked video, which outlines the company’s tracking methods related to the coin, has since been…
Crypto exchange Kraken will end its support for privacy token Monero in the European Economic Area (EEA). Kraken announced that it would stop trading and deposits for all Monero (XMR) markets in the EEA from Oct. 31, 2024. This includes the trading pairs with United States dollars, euro, Bitcoin (BTC) and Tether’s USDt (USDT). Kraken…