Prices of the popular privacy coins went into freefall after Bittrex’s announced today that it will delist Monero, Dash and Zcash later this month.
As Decryptreported earlier today, the exchange announced that it will delist Monero (XMR), Dash (DASH), and Zcash (ZEC) on January 15, 2021, at 23:00 UTC.
The sudden announcement sent the prices of these privacy coins into a downward spiral. Since the announcement by Bittrex, the price of XMR is down by 12.4%, ZEC is down 9.5% and DASH is down 8.7%, according to CoinGecko. That's an average drop of 10%.
Several exchanges, such as US-based ShapeShift, South Korea’s Bithumb, and the Netherlands-based exchange, LiteBit, have already delisted or refused to list privacy coins to comply with governments concerned with money laundering.
Crypto exchange Bittrex today announced that it will delist privacy coins Monero (XMR), ZCash and Dash on Friday, January 15, at 23:00 UTC.
#Bittrex Customers:
The $XMR, $ZEC, and $DASH markets will be removed on Friday, January 15th at 23:00 UTC.
Details: https://t.co/8qAdjuwryJ
— Bittrex (@BittrexExchange) January 1, 2021
The Bermuda-registered exchange did not provide a reason for the delistings, but all three are privacy coins—a class of cryptocurrencies that offer untraceable transact...
Decrypt has reached out to Bittrex for comment on the delisting and will update this piece should we hear back.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
The price of Bitcoin fell to a two-week low on Monday before recovering some losses, as other major cryptocurrencies also seesawed two days ahead of U.S. President Donald Trump’s deadline to impose steep tariffs.
The leading digital asset edged up 1% to $83,465, according to crypto data provider CoinGecko. Ethereum, the second largest crypto by market capitalization, rose 1.1% to about $1,840, while Solana, the sixth largest, climbed 1.4% to over $125.
The upturn comes as investors look toward A...
Japan’s biggest Bitcoin treasury company, Metaplanet, has issued more debt to buy the cryptocurrency.
The firm, which trades on the Tokyo Stock Exchange, said Monday that it had issued a two billion yen ($13.3 million) zero-coupon ordinary bond to fund more Bitcoin buys.
Metaplanet CEO Simon Gerovich made the announcement on X, saying the company—which is also an investment firm that owns a hotel—was “buying the dip.”
押し目買い!Buying the dip! https://t.co/nOIQrAveap
— Simon Gerovich (@gerovich)...
The world's richest man Elon Musk appears to have greenlit the revival of old school video app Vine, after an xAI employee announced that the company has acquired the defunct mobile app.
In response, the Pump.fun launched Vine Coin, VINE, created by the app’s co-founder, has spiked 122% over the past three days.
Musk’s love affair with Vine started back in January when he said he was “looking into” bringing back the popular app, amid concerns that TikTok would be banned in the U.S.. Not long aft...