Binance, a well-known cryptocurrency exchange, recently stated that Nigeria is not considered one of its top markets. This surprising revelation comes after a series of issues between Binance and the Nigerian authorities. Despite this statement, Binance acknowledged the extraordinary potential of Nigeria and expressed its intentions to continue investing in the country. Nigeria, being Africa’s
Exchanges
Crypto.com, a prominent cryptocurrency trading platform, has recently been slapped with a hefty fine of €2.85 million by the Netherlands Central Bank. The reason behind this penalty is the company’s failure to register with De Nederlandsche Bank (DNB) as required by Dutch regulations. The Anti-money Laundering and Anti-Terrorist Financing Act mandates all crypto firms operating
Coinbase, one of the leading cryptocurrency exchanges, recently made an announcement regarding its plans to launch a $1 billion bond offering. This move is aimed at raising funds to support the company’s growth and expansion in the ever-evolving crypto market. The bonds, classified as unsecured convertible senior notes, are scheduled to mature in 2030. Investors
Coinbase recently made headlines after strongly criticizing the Securities and Exchange Commission (SEC) for its decision to reject the rulemaking petition. The crypto exchange did not mince words when labeling the SEC’s decision as “arbitrary and capricious.” This critique was put forward in a petition filed before the US Court of Appeals for the Third
The Nigerian government has recently obtained a court warrant to detain Binance officials for at least twelve days. This came after the officials insisted on being taken to their respective countries’ embassies. The government’s actions were reportedly in response to accusations of Binance aggravating the country’s foreign exchange challenges by manipulating rates for profit. Reports
Coinbase, the leading US-based crypto exchange, has experienced a significant increase in its market share following the launch of multiple spot Bitcoin exchange-traded funds (ETFs) in January. This surge has caught the attention of analysts at Goldman Sachs, who have upgraded their rating on Coinbase shares from selling to neutral. As a result, they have
Bitcoin recently reached its all-time high of over $69,000 on March 5th, only to quickly experience a sharp 14% correction that pushed its price down to $59,300. This rollercoaster ride in BTC’s price led to intense volatility in the market and record-breaking trading volumes across centralized exchanges. The surge in trading volume on centralized exchanges
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
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