The government of Nigeria has spoken out against the bribery allegations made by cryptocurrency exchange Binance, saying that the charges are baseless and an attempt by Binance to get publicity. In response to claims made by Binance CEO Richard Teng—that some Nigerian authorities wanted $150 million in crypto to resolve
In celebration of its sixth anniversary, Nexo, one of the biggest cryptocurrency ecosystems, has launched a promotional campaign. Both new and current Nexo users may benefit from the token hunt, by delving into the many Nexo ecosystem components. As a whole, the team allocated ten million NEXO tokens—about $12 million—to the event’s
One of the top three cryptocurrency exchanges in the world by volume, Bybit, has integrated Ethena Labs’ synthetic dollar USDe to be used as collateral for trading activities. In the upcoming months, Bybit expects to offer more USDe spot pairings. With this, traders will be able to use Bybit’s Unified Trading Account
Peer-to-peer trading platform for privacy coin Monero (XMR) has abruptly shut down, joining a slew of other recent closures and arrests involving crypto privacy. All new signups and ad posts for Monero trades have been blocked, as stated by LocalMonero on May 7, effective immediately. The trading of the privacy-focused
Today, Crypto.com revealed that it has crossed the 100 million worldwide user threshold. This is a major achievement for the 2016-founded firm, which leads the sector in security, privacy, and regulatory compliance. This feat came just after the release of Crypto.com’s most recent Fortune Favors the Brave brand video, INEVITABLE, which
Sports advertising on crypto.com, a leading exchange in the cryptocurrency ecosystem, is about to increase. Among the exchange’s goals in its quest for international prominence is the expansion of its dominance. Bloomberg states that Steven Kalifowitz, chief marketing officer of Crypto.com, has acknowledged the company’s intentions to ramp up its
The devastating revelation of a massive data breach has shocked the world-renowned crypto exchange Bitfinex. A breach involving 2.5 terabytes of data has reportedly occurred, exposing sensitive information belonging to almost 400,000 consumers. Because of the previous attack, people are understandably worried about the safety of their accounts and funds,
Another class action complaint has been filed against cryptocurrency exchange Coinbase, claiming that the exchange deceived investors into buying securities. Coinbase is facing allegations of securities law violations from individual complainants who have filed a formal complaint. The complaint also claims that SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ, and
On Wednesday, crypto exchange Binance completed its 21st batch of the LUNC burn mechanism, burning 1.4 billion Terra Luna Classic (LUNC) tokens. Following Binance’s most recent burn, the cryptocurrency exchange has burned more than 57 billion LUNC in total. More than 112 billion LUNC tokens have been burnt by the
Changpeng Zhao (CZ), the former CEO of Binance, pled guilty to charges of money laundering and was sentenced to four months in jail on Tuesday in Seattle. In his statement to the sentencing judge on Tuesday, Zhao expressed regret and a desire to own up to his “mistakes.” The Verge
