Cryptocurrency exchange Binance recently announced its decision to discontinue all services related to the Nigerian Naira (NGN) in a phased approach. This move has significant implications for Nigerian users and the crypto market as a whole. Binance has already stopped NGN deposits, and users only have until March 8 to withdraw their NGN assets. After
Exchanges
Coinbase, one of the leading cryptocurrency exchanges, faced another setback on March 4th when some users encountered an unsettling situation of seeing an empty balance in their accounts. This issue was reported at 5:36 pm UTC, causing distress among users who were puzzled by the sudden disappearance of their assets. It is worth noting that
The Nigerian government is currently contemplating imposing fines on Binance amounting to a staggering $10 billion. This decision was sparked by allegations that the exchange had engaged in facilitating illegal transactions within the African country, leading to substantial losses for the nation. Bayo Onanuga, the special adviser to the Nigerian president, highlighted that this fine
Coinbase, a popular cryptocurrency exchange, is currently facing technical issues that have resulted in degraded site performance for many users. This has led to numerous individuals seeing a zero balance on their accounts when accessing the platform. Both the Coinbase website and mobile app are currently down, complicating the situation further. These problems have also
Justin Sun, the prominent figure behind the Tron network, recently shared a screenshot of his wallet balance on social media platform X, revealing that he owns a significant portion of assets on the HTX exchange. The total value of Sun’s crypto holdings on the platform amounts to around 28,614 units of Bitcoin, which translates to
Recently, crypto wallets linked to the now-defunct FTX exchange and Alameda Research have been active in transferring digital assets. In the past 24 hours alone, these entities have moved over $8 million in various cryptocurrencies, including Ethereum and PROM tokens. The surge in the broader crypto market has likely influenced these movements. The past day
In a recent turn of events, the Justin Sun-related crypto exchange HTX, formerly known as Huobi, has resubmitted its application for a Virtual Asset Trading Platform (VATP) license in Hong Kong. This move follows the withdrawal of its initial application, which was filed through its Hong Kong subsidiary Huobi HK on Feb. 20. Surprisingly, the
Saturn, a peer-to-peer order book built on the Bitcoin network, recently announced that it has secured $800,000 in seed funding led by Sora Ventures. This capital will allow Saturn to expedite its vision for Bitcoin-based fungibility. The platform plans to use the funds to enhance its technical infrastructure, expand its team, and focus on targeted
It was on Feb 23 when users of the Hong Kong-based crypto exchange BitForex were hit with confusion and frustration as the website and trading application were suddenly suspended. This abrupt halt left users unable to initiate withdrawals or access the exchange, which had boasted a massive $2 billion in trading volume just a day
Kraken, a prominent player in the digital asset industry, has recently come under fire from the US Securities and Exchange Commission (SEC). Their claims against Kraken seem to be centered around allegations of operating unlawfully as an unregistered securities exchange, broker-dealer, and clearing agency. However, Kraken has been quick to refute these allegations, stating that