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,
Exchanges
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
In the past 24 hours, crypto wallets linked to the now-defunct FTX exchange and Alameda Research have seen movement of over $8 million in digital assets. This includes the transfer of 2,000 units of Ethereum, valued at approximately $6.36 million, to Coinbase, and 163,727 PROM tokens, worth around $2.04 million, to Binance. The surge in
Saturn, a peer-to-peer order book built on the Bitcoin network, has recently secured $800,000 in seed funding led by Sora Ventures. This funding will allow Saturn to accelerate its vision for Bitcoin-based fungibility. The seed funding round for Saturn was led by Sora Ventures, with participation from other notable investors such as CMS Holdings, Cricket
In a shocking turn of events, Hong Kong-based crypto exchange BitForex has seemingly disappeared without a trace. On Feb 23, users were met with the suspension of the exchange’s website and trading application, leaving them unable to initiate withdrawals or access their accounts. This sudden blackout comes as a surprise to many, especially considering BitForex’s
Kraken, a prominent cryptocurrency exchange, recently faced legal action from the US Securities and Exchange Commission (SEC). The SEC accused Kraken of operating unlawfully as an unregistered securities exchange, broker-dealer, and clearing agency. The charges came after Kraken’s testimony before congressional committees, where it expressed concerns about the regulatory overreach of the SEC and advocated
