In light of the increased scrutiny that Binance in Nigeria has been receiving, the crypto exchange—recently announced its intention to end all services related to the Nigerian Naira (NGN). Binance seems to have come under further scrutiny due to its past legal troubles on an international level, in the midst
In the 19th batch of the LUNC burn mechanism, crypto exchange Binance, burnt 2.21 billion Terra Luna Classic (LUNC) tokens. This brings the total number of tokens burnt by the Terra Luna Classic community to over 102 billion, while the net burn by the crypto exchange reaches over 53 billion.
In a tightening regulatory landscape for cryptocurrency exchanges in Nigeria, the government has refuted recent speculation surrounding a purported $10 billion fine on Binance. Bayo Onanuga, a special adviser to the Nigerian president on information and strategy, dismissed the allegations reported by the BBC as a misquotation. According to a
Binance, a cryptocurrency exchange, has been fined $10 billion by the Nigerian government for making money via “illegal transactions,” according to Bayo Onanuga, a special advisor to President Bola Tinubu. In a Friday interview with the BBC, Onanuga revealed the monetary fine. In recent months, the government’s position on the
A new promotion for Binance’s VIP Invitation Program was unveiled today. By aggregating their spot or futures trading volume on cryptocurrencies and traditional assets from up to two trading venues, new users who trade cryptocurrencies and/or traditional assets on other platforms can now become Binance VIPs in an even more
In a tumultuous period for cryptocurrency exchanges in Nigeria, Binance Nigeria has come under intense scrutiny as it facilitated transactions exceeding $26 billion from unidentified sources within the past year. The digital assets platform, known for its peer-to-peer trading model, allows users to engage in buying and selling cryptocurrencies with
For an unknown amount, Magic Square, a web3 app store that is backed by Binance Labs and other investors, purchased TruePNL, a token launch platform. Andrey Nayman, founder and CEO of Magic Square, stated: “The acquisition was financed entirely with cash. As part of the deal, Magic Square has acquired TruePNL’s
The activities of prominent cryptocurrency exchanges, such as Binance, OctaFX, and Coinbase, have been disrupted by Nigeria. Particularly, this step follows the Central Bank of Nigeria’s recent decision to allow cryptocurrency transactions, indicating a very uncertain regulatory environment for digital assets in the nation. Meanwhile, the Nigerian government has ordered
With the support of the nonprofit Superhumans Foundation, Binance Charity, the charitable arm of the premier global blockchain ecosystem Binance, is pleased to announce the beginning of educational programs aimed at helping Ukrainian residents affected by the conflict. These initiatives seek to provide these people fresh perspectives and provide them
Despite significant selling pressure over the global crypto market, Binance’s native token BNB has emerged as a standout performer, exhibiting a notable 7.50% surge over the last 24 hours accompanied by a 90% increase in trading volumes to exceed $2.62 billion. At the time of writing, Binance Coin (BNB) is
