The Nigerian Federal Government has successfully located a Binance executive who fled Nigeria, Nadeem Anjarwalla, in Kenya. This development has intensified international collaboration as Nigerian authorities work closely with the Kenyan Police Service to facilitate Anjarwalla’s extradition. The pursuit of Anjarwalla involves several key law enforcement agencies, including the Economic and Financial Crimes Commission (EFCC), the…
The world’s biggest cryptocurrency exchange, Binance, has announced that the value of assets it holds for its users has crossed the $100bn threshold. The crypto exchange made this disclosure in a statement on Monday. This achievement comes amid a surge in digital asset prices and an influx of strong inflows throughout March. The exchange wrote…
The world’s biggest cryptocurrency exchange, Binance Holdings Ltd (BHL) has been ordered to pay $4.3 billion for violations of anti-money laundering and sanctions laws in a settlement approved by a United States judge. On Friday, February 23, US District Judge Richard Jones in Washington state approved a plea agreement between Binance and federal prosecutors, which…
I understand that what I am about to explain will earn me insults from a selected few individuals because the same culprits are active here on Nairaland, so I am ready for that as well. If you go to Binance P2P, there is a heavy manipulation going on there, and from my deductions, most of…
The Nigerian government is considering blocking the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds, officials with knowledge of the policy option have told PREMIUM TIMES. The recent unprecedented weakening of the Nigerian currency has seen the naira falling…
The President Bola Tinubu-led administration has slammed a ban on the operations of Binance Nigeria Limited. Truetells Nigeria reports that the ban was disclosed in a circular by the Securities and Exchange Commission (the Commission). The Commission, in the circular sighted by TruetellsNigeria, stated that Binance Nigeria Limited is neither registered nor regulated, and its…
Binance, the world’s biggest cryptocurrency platform, has agreed to buy its financially-troubled rival FTX.com, according to an announcement Tuesday on Twitter. In a tweet, Binance chief executive Changpeng Zhao said the group had signed a non-binding letter of intent “to fully acquire FTX.com”, which is suffering from “a significant liquidity crunch”. No financial terms were…
Binance, the world’s biggest exchange for crypto-assets, has today disclosed that the firm has lost $100 million in cryptocurrency to scammers. The Company’s Chief, Changpeng Zhao said on his Twitter that “an exploit” in the system led to extra production of the exchange’s dedicated currency, adding the current impact estimate is around $100million. He said that the…
Business magnate, Elon Musk has gotten $500 million support from world’s largest cryptocurrency exchange, Binance to help purchase Microblogging platform, Twitter. Binance has joined the list of other financiers that have contributed to help Musk acquire the social media platform. Musk has received 19 pledges of about $7.1bn from investors in his quest to take over Twitter….
Binance CEO has revealed why Nigerian accounts are being blocked. NewsOnline reports that Binance’s CEO and Asia’s richest man, Changpeng Zhao (CZ), has written a letter, addressing its Nigerian users titled, “Our commitment to User Protection.” The letter from CZ, NewsOnline understands, comes after the Binance Africa team, led by Emmanuel Babalola, the African director…
