Monero has seen a surge in discussions on social media platforms following the news of LocalMonero’s closure. Santiment data indicates a significant uptick in interest in Monero (XMR) as a result of this announcement. The closure of LocalMonero, a peer-to-peer exchange based on Monero (XRP), has generated a mix of internal and external factors as
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Recently, The Wall Street Journal published a troubling report accusing Binance, the world’s largest cryptocurrency exchange, of firing its head of market surveillance after he flagged concerns about potential market manipulation by a high-profile client. According to sources within Binance, the surveillance team had uncovered suspicious trading activity by DWF Labs, a firm operated by
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The recent underwhelming performance of Bitcoin has not gone unnoticed by institutional investors, who are now showing signs of bearish sentiment. Data from CoinShares has revealed a significant outflow of $284 million from Bitcoin investment products last week. Most of these outflows came from US Spot Bitcoin ETFs, with $156 million exiting these funds. This
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Recently, it was announced that the Japanese exchange Coincheck is planning to become one of the two publicly listed exchanges in the United States, alongside Coinbase. This move is set to take place by the second or third quarter of this year through a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners
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