The Office of the National Security Adviser is set to extend its investigation into cryptocurrency operations by summoning executives from various platforms in Nigeria. This development follows the recent detention of two senior Binance executives, revealed by the Financial Times. Sources...
Amidst growing concerns over the impact of cryptocurrency trading on Nigeria's economy, Presidential spokesman Bayo Onanuga has issued a stern warning against the popular exchange platform Binance, alleging its potential to dismantle the country's financial stability.
Speaking on a televised...
Following weeks of speculation, the Financial Times has confirmed the arrest of two high-ranking Binance executives in Nigeria. The arrests occurred after the Nigerian government implemented a ban on the cryptocurrency exchange's website, leading to heightened tensions in the country's crypto...
Nigerian government has taken measures to block online platforms, including Binance, OctaFX, Coinbase, and others.
The decision aims to curb what the government perceives as continuous manipulation of the forex market and illicit movement of funds. Reports suggest that the Nigerian...
In an unexpected turn of events, Binance, the world's largest cryptocurrency trading platform, has confirmed its collaboration with President Bola Tinubu's administration to block Nigerians from engaging in dollar-naira trade on its platform.
The announcement, made in a commitment to P2P users...
The Financial Intelligence Unit (FIU) under the Finance Ministry has issued show cause notices to nine offshore cryptocurrency and virtual digital assets platforms, including major players like Binance and Kucoin, for non-compliance with anti-money laundering laws.
The FIU, responsible for...
Image Credit: Mehrdad Esfahani/SNN
Portuguese football sensation Cristiano Ronaldo is entangled in a class-action lawsuit in the United States, accused of causing financial losses to investors who followed his promotion of Binance, the world's largest cryptocurrency exchange.
The plaintiffs...
Bitcoin trading is the act of buying/selling bitcoins with other currencies. Several exchanges allow users to trade bitcoins against other cryptocurrencies or fiat. Cryptocurrency trading, however, is the trading of Bitcoin against altcoins on cryptocurrency exchanges. Examples include Bittrex...
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