The global cryptocurrency market surged to unprecedented heights, led by Bitcoin’s significant rally to surpass the $72,200 mark. Riding on this wave of resurgence, altcoins also experienced a remarkable uptrend, notably Binance’s BNB token, which displayed a strong recovery with a succession of bullish candles in its daily chart. This
In an effort to better control the operations of cryptocurrency companies, the Nigerian SEC has issued new regulations. Reportedly, this new set of rules is an effort to reduce instances of digital currency fraud and money laundering. The revision of operating standards coincides with the fact that Binance, a leading
With the launch of its Next platform, cryptocurrency exchange Binance lets users predict which tokens will be added to its futures exchange next. In a statement today, the exchange said that users might suggest tokens to be listed. Any trader may bet on a nominee after they’ve been nominated. In the event
The world’s biggest cryptocurrency exchange by trading volume and leading blockchain ecosystem, Binance, is bringing a new dimension to the world of finance and fragrance with the launch of its premium perfume, CRYPTO. This innovative marketing campaign, which was organized by Binance’s female marketing professionals, is timed to coincide with
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
