A Federal High Court in Nigeria has ordered Binance to provide detailed information on all its Nigerian users to the country’s foremost anti-corruption agency — the Economic and Financial Crimes Commission (EFCC). The ruling comes amid rising tensions between the crypto exchange and Nigerian authorities over the past month as the country’s fiat currency collapsed… Continue reading Nigeria intensifies probe into Binance with court-ordered data disclosure
Category: Binance
Why Standard Chartered reviewed its Bitcoin price forecast to $150,000
Global financial giant Standard Chartered has revised its forecast for Bitcoin’s price, now foreseeing the flagship digital asset soaring to $150,000 by year-end, citing favorable market conditions. Earlier in the year, the bank’s head of crypto research, Geoffrey Kendrick, predicted that the BTC price would climb to $100,000 by the end of the year and… Continue reading Why Standard Chartered reviewed its Bitcoin price forecast to $150,000
Binance says Nigeria ‘not yet one of its top markets,’ despite high crypto adoption in African country
Binance said Nigeria is not one of its top markets amid recent issues with authorities in the African country. In a March 13 statement , the exchange revealed its extensive cooperation with local law enforcement agencies to promote the responsible growth of crypto in Nigeria. Over the past weeks, Binance and the Nigerian authorities have… Continue reading Binance says Nigeria ‘not yet one of its top markets,’ despite high crypto adoption in African country
Crypto.com hit with €2.85 million fine by Dutch Central Bank for regulatory noncompliance
Crypto.com has incurred a €2.85 million ($3.1 million) fine from the Netherlands Central Bank for operating within the European country without registration for two years. The penalty specifically targets Forix DAX Mt, the Dutch trading entity of Crypto.com. In a March 13 statement , it was revealed that the Apex Bank imposed this fine on… Continue reading Crypto.com hit with €2.85 million fine by Dutch Central Bank for regulatory noncompliance
US court tightens grip on Changpeng Zhao with travel and passport restrictions
Changpeng Zhao , co-founder and former CEO of Binance , has been instructed by US authorities to surrender his Canadian passport before sentencing in April . The directive forms part of a series of restrictions imposed on his bond terms by Judge Richard A Jones on March 11. New restrictions Judge Jones ruled that Zhao… Continue reading US court tightens grip on Changpeng Zhao with travel and passport restrictions
Former US IRS agent among Binance staff detained in Nigeria
The Nigerian government reportedly obtained a court warrant to detain Binance officials for at least twelve days after they insisted they should be taken to their respective countries’ embassies, local media outlet Premium Times reported on Mar. 12. Detained officials identified Recently, the Nigerian government accused Binance of aggravating the country’s foreign exchange challenges by… Continue reading Former US IRS agent among Binance staff detained in Nigeria
Bitcoin’s Coinbase premium turned negative. Here’s what it means for BTC price
Coinbase Pro is a major bellwether for institutional demand. Now, data from CryptoQuant indicates that short-term selling pressure on Coinbase is mounting.
Ethereum devs grumble as Harvest Finance and Value Defi eye Binance Smart Chain
Two Ethereum-native DeFi protocols are headed to Binance Smart Chain, but critics doubt the layer-1 has staying power
Traffic to Binance surges to record highs, site goes down for maintenance
Binance suffered an outage today after announcing consecutive new all-time highs for web traffic.
3 reasons why Binance Coin (BNB) hit a new all-time high at $148
Record high trading volume and new offerings from Binance are a few of the factors behind Binance Coin hitting a new all-time high at $148.