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Binance
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
Binance CEO Richard Teng was summoned by a committee of Nigeria's House of Representatives to appear for an investigation on alleged money laundering and financing of terrorism, according to a report from Punch. CoinDesk Regulator Reporter Camomile Shumba weighs in on the latest news and Binance's plans to discontinue its Nigerian Naira (NGN) services amid increased scrutiny from the country’s regulators.
Bitcoin Tumbles 10% After Hitting Record High; Triggers $1B Crypto Liquidations
Bitcoin's new all-time high Tuesday quickly turned into a bloodbath, flushing out overzealous leveraged traders.
WIF Rebounds on Binance Listing Plan as Other Meme Coins Run Out of Steam
Dogwifhat jumped by more than 25% after the crypto exchange said it will list the token.
Binance Will Discontinue Its Nigerian Naira Services After Government Scrutiny
Two Binance executives were recently detained in the country, and the exchange’s CEO Richard Teng, has been summoned to appear before a committee.
Nigerian Parliamentary Committee Summons Binance CEO Teng: Report
Two executives of the exchange were detained last week on arrival in the country.
Nigeria Government Demands $10B From Crypto Exchange Binance: BBC
A spokesperson for the president later denied an amount had been set, People's Gazette reported.
Nigeria Detains Binance Executives as It Investigates the Crypto Exchange: Reports
The detentions are not necessarily arrests, a National Security spokesman told Bloomberg.
Judge Signs Off on Binance's $4.3B Plea Deal With U.S. Prosecutors
Binance pleaded guilty to violating sanctions and anti-money laundering laws last year.
BNB Price Climbs to Highest Since FTX Crash Amid Airdrop Frenzy, Easing Binance Worries
BNB holders transferred over $400 million worth of BNB tokens in 24 hours to benefit from cross-chain gaming project Portal's upcoming airdrop, Arkham Intelligence noted.
Coinbase Pushes Back on Reports It's Blocked in Nigeria
Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders.