The decision in the tax evasion trial against Binance, a cryptocurrency exchange, is expected from a Nigerian court on October 11th. Among Binance’s four accusations of tax evasion is a failure to register with the Federal Inland Revenue Service (FIRS) of Nigeria. Local media reports that Ayodele Omotilewa, a lawyer
Coinbase CEO Brian Armstrong recently cut down on his holdings in the cryptocurrency exchange, according to reports. On Thursday, July 12, Armstrong sold off approximately $5 million worth of COIN shares. The recent decline in COIN stock price may have been accelerated by the dump. Brian Armstrong reportedly received $4.92
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the introduction of the Bybit Card in Argentina, allowing users to smoothly bridge the gap between digital finance and everyday transactions. Exciting welcome kits are being offered by Bybit Card to commemorate the debut. Users who apply for
Bitstamp has assured to pay out debtors who were owed payments by Mt. Gox as soon as possible. The crypto exchange intends to reimburse investors far sooner than the 60 days allowed by their agreement with the Mt. Gox trustee for distributing tokens. Several Japanese creditors of Mt. Gox have
Bybit, a crypto exchange, is showing its backing for new projects on The Open Network (TON). By allowing pre-market trading of the token for the world record-breaking game Hamster Kombat. On July 8, Bybit made an official announcement about the launching of the Hamster Kombat (HMSTR) token on its Bybit
Sam Bankman-Fried’s (SBF) family is embroiled in a $100 million financial controversy. These involve the abuse of business assets to make political contributions. SBF is the founder of the defunct crypto exchange FTX. The Wall Street Journal (WSJ) recently published emails. That showed the SBF family handled more than $100
As part of its seventh anniversary celebration, Binance, the world’s largest cryptocurrency exchange based on trading volume and the leading global blockchain ecosystem, today announced the launch of its worldwide campaign, “Be Binance.” Over 200 million people worldwide will be able to join in on the celebration of this milestone. Rachel Conlan, Chief
A system to continuously monitor cryptocurrency exchanges for suspicious transactions has been created by South Korea’s Financial Supervisory Service (FSS). The FSS announced its collaboration with South Korean digital asset exchanges. In order to put up a mechanism for continuous monitoring of suspicious transactions on July 4. The Virtual Asset
The cryptocurrency exchange KuCoin has stated that transaction fees will henceforth be subject to a 7.5% VAT. Those Nigerian users who have completed the KYC registration process will be hit by this new charge. The transaction fees, and not the overall transaction volume, will be subject to this VAT as
CoinDCX, the biggest cryptocurrency exchange in India, has expanded into the Middle Eastern and North African market by acquiring BitOasis, a cryptocurrency exchange based in Dubai. The cryptocurrency exchange has taken the first move toward its goal of expanding internationally with this. In August of last year, CoinDCX strategically invested
