• Uwerx has recently updated its platform and may pave the way for a surge in Monero (XMR) and Dash (DASH).
• Binance is delisting twelve privacy coins by June 26, 2023, including Monero (XMR), while Dash (DASH) is also facing massive customer loss.
• Both tokens have had some upward price movement in the past seven days but have since declined.
Uwerx Platform Update
Many people wish that the crypto market came with a clear set of rules and regulations regarding trading. However, Uwerx has shown that it is on the right track by updating its platform. This could potentially lead to an increase in both Monero (XMR) and Dash (DASH).
Monero Removal from Binance Exchange
Monero (XMR) offers user privacy and anonymous transactions through its various technologies such as Ring signatures, stealth addresses, and RingCT. Despite this, XMR will be removed from Binance following June 26th due to compliance with local laws and regulations regarding privacy coins. The token showed an upward trend over the past week but has since declined below $150 with a 2% 24-hour decrease.
Dash Facing Customer Loss
Dash (DASH) is another cryptocurrency that is uniquely successful at implementing Bitcoin’s algorithm into its own blockchain system. Its primary focus is providing users with low transaction fees anywhere as well as seamless instant financial transactions. Unfortunately, it too will be removed from Binance following June 26th due to regulatory compliance issues surrounding privacy coins. DASH started off the year strong but has since seen a decline in prices despite some short-term upticks throughout recent weeks.
The removal of these two tokens from one of the world’s largest exchanges could mean potential downward pressure for both Monero (XMR) and Dash (DASH). Nevertheless, if Uwerx can successfully implement regulations around digital assets then these two cryptocurrencies may experience an upsurge in prices once again in the future.
• Uwerx updates platform which might cause a surge in Monero & Dash • Monero set for removal on Binance Exchange • Dash facing massive customer loss • Removal could put downward pressure on both tokens • Regulations implemented by Uwerx may lead to an upsurge