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Kraken will delist Monero from the listing in Ireland and Belgium
On June 10, the Kraken cryptocurrency exchange will delist the anonymous cryptocurrency Monero (XMR) for users from Ireland and Belgium.
Deposits and trading in XMR will stop on May 10. After this date, all transactions will be automatically closed.
The withdrawal will remain open until the coin is completely turned off. After the specified period, all XMR not withdrawn from the balance are converted into bitcoin.
Kraken published a statement on the eve of the appearance in the European Union of a new package of measures to combat money laundering and the financing of terrorism, which will tighten the rules in force for the crypto industry.
Paraguay abandoned the ban on Bitcoin mining
The Paraguayan Senate suspended consideration of a bill on a moratorium on cryptocurrency mining, paying attention to the financial side of the issue. Cointelegraph reports this.
On April 3, a group of senators introduced a document that provided for a 180-day ban on the mining of cryptocurrencies and the opening of new Bitcoin farms in the country. It was proposed to extend this period in the absence of full regulation of the industry and guarantees from the National Electricity Authority (ANDE) of uninterrupted supply to the population.
Politicians cited the theft of electricity by illegal miners, as well as the disruptions they caused in networks. With reference to ANDE, they announced a possible loss for the year of up to $60 million. Despite the fact that all the claims concerned unregistered cryptocurrency miners, the senators proposed a total ban.
Hashlabs Mining co-founder Jaran Mellerud estimates that passing the bill would cost the country more than $200 million in lost revenue per year.
On April 8, another group of legislators presented a declaration on the economic benefits of supporting miners, whose investments can support energy infrastructure.
On April 8, another group of legislators presented a declaration on the economic benefits of supporting miners, whose investments can support energy infrastructure.
On April 8, another group of lawmakers presented a declaration on the economic benefits of supporting miners, whose investments can support energy infrastructure.
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According to the document, in 2024, 45 registered enterprises in the industry can bring ANDE income in the amount of $48 million. In 2025, the figure is expected to grow to $125 million.
At the same time, the cost of electricity production is about $22 per MW and when sold to miners at $40, the agency can receive 45% of the net profit. Now the operator is forced to sell Brazil's surplus generation at a loss at a price of $10 per MW in a daily volume of 2000 MW per day.
According to the authors of the declaration, the development of mining in the country will provide financial revenues that can be used for the development of the energy system.< /p>
Based on the results of consideration of the document at the Senate meeting, parliamentarians scheduled a public debate for April 23 to discuss the advantages and disadvantages of mining.
Robert Kiyosaki predicted the growth of Bitcoin to $2.3 million
American entrepreneur, financial expert and the author of the book “Rich Dad Poor Dad” Robert Kiyosaki gave another forecast for the price of the first cryptocurrency. He agreed with the opinion of Ark Invest CEO Cathie Wood that in the future the value of Bitcoin will reach $2.3 million.
“Cathie Wood guarantees Bitcoin will reach $2.3 million. Do I believe her? Yes I believe you. Cathie Wood is very smart, and I trust her opinion,” Kiyosaki wrote.
He added that even if Cathie Wood’s prediction doesn’t come true, Bitcoin buyers will still benefit.
“Whether Wood is right or wrong, you will become smarter, wiser and more educated when it comes to Bitcoin. In the real world, the richest and happiest people are those who make mistakes and learn from them,” said Kiyosaki.
In his opinion, the first cryptocurrency could grow to $300,000 by the end of 2024. At the time of writing the news, the price of Bitcoin is more than $70,600.
Approximately 50% of presales in the Solana ecosystem turned out to be a scam
About 50% of projects in the Solana ecosystem that conducted a presale in the period from November 2023 to February 2024 turned out to be a scam. This was reported by CoinDesk with a link to a Blockaid report.
According to the company’s co-founder Ido Ben-Nathan, the study highlights two factors that contributed to the spread of fraud in the Solana ecosystem. In particular, these are:
exponential growth in the number of tokens in recent months, dictated by the high excitement around memcoins;
the spread of FOMO syndrome among users amid the rapid recovery of the ecosystem.
According to Ben-Nathan, this highlights the need to tighten security measures on the network.
“The excitement around memcoins among users is growing. It encourages us to look for new opportunities, which is what malicious actors take advantage of,” he noted.
