The recent incident involving the Nigerian government obtaining a court warrant to detain Binance officials has sparked controversy and raised concerns about the rule of law in the country. According to reports from local media outlet Premium Times, the officials were detained for at least twelve days, despite their insistence on being taken to their
Exchanges
Coinbase, a leading cryptocurrency exchange, has recently come under fire for its clash with the Securities and Exchange Commission (SEC). The SEC’s rejection of Coinbase’s rulemaking petition has been met with strong criticism from the exchange, labeling the decision as “arbitrary and capricious.” Coinbase’s argument hinges on the need for clear regulations and compliance guidelines
Coinbase, the leading US-based cryptocurrency exchange, has experienced a significant increase in its market share following the launch of several spot Bitcoin exchange-traded funds (ETFs) in January. This surge in market dominance has led analysts at Goldman Sachs to upgrade their rating on Coinbase shares from selling to neutral. The bank analysts cited the surge
Bitcoin recently reached an all-time high of $69,000 on Mar. 5, only to experience a swift 14% correction shortly after, dropping its price to $59,300. Despite this drop, Bitcoin managed to climb back up to $66,000 the following day. The intense price volatility on Mar. 5 led to record-breaking trading volumes on centralized exchanges. An
Cryptocurrency exchange Binance recently announced its decision to discontinue all services associated with the Nigerian local fiat currency, Naira (NGN), in a phased approach. This move caught many users by surprise as they were informed that they would no longer be able to access various NGN-related services, including deposits, withdrawals, conversions, spot trading, P2P, Auto-invest,
Recently, popular cryptocurrency exchange Coinbase faced an issue where some users experienced an empty balance in their accounts. This occurred on March 4, and the company quickly provided an update to let users know they were aware of the problem. The fix was implemented after roughly three hours, and the issue was fully resolved within
There have been reports claiming that the Nigerian government is contemplating levying fines as high as $10 billion on Binance, a popular cryptocurrency exchange. According to local media outlets, Bayo Onanuga, the special adviser to the Nigerian president, has accused Binance of profiting from facilitating illegal transactions within the African country. Onanuga stated that the
Coinbase, one of the leading cryptocurrency exchanges, is currently facing technical issues that have affected the performance of its site and app. Many users have reported seeing a zero balance on their accounts, adding to the frustration of an already volatile market. The exchange has acknowledged these problems and stated that they are working to
Recently, a screenshot of Justin Sun’s wallet balance on the HTX exchange has sparked controversy within the crypto community. Sun, the founder of the Tron network, revealed that he owns over a quarter of the assets on the exchange, amounting to approximately 28,614 units of Bitcoin valued at around $1.6 billion. This disclosure was made
HTX, the crypto exchange previously known as Huobi, has recently resubmitted its application for a Virtual Asset Trading Platform (VATP) license in Hong Kong. This move follows the withdrawal of its initial application, as reported on the Securities and Futures Commission (SFC) website. The initial application, filed via its Hong Kong subsidiary Huobi HK on