News list for "cryptocurrency"
Nigerian authorities have sued cryptocurrency exchange Binance for more than $79 billion in financial losses and $2 billion in back taxes. The amount is almost 19 times the $4.30 billion fine Binance paid after pleading guilty to violating U.S. banking laws in 2023. The Nigerian tax authority, the Federal Revenue Service (FIRS), also claimed that Binance was operating illegally within the country, the report said.
Adorni, spokesperson for President Millai, said it was an "insult" to believe that Millai had been involved in bribes in promoting cryptocurrencies, and that the government did not currently plan to fire any officials over the cryptocurrency scandal.
According to Coinglass data, about 9,555 bitcoins have flowed into major cryptocurrency exchanges over the past week. Of these, CoinbasePro saw 186.29, Binance 1030.92, and Bitfinex 6,340.19. At present, the cumulative balance of crypto exchanges Bitcoin is about 2.23 million.
According to Wen Wei Po, the reporter recently went to more than a dozen cryptocurrency exchange shops (OTC) in Hong Kong and found that TEDA is the most popular among cryptocurrencies. About half of the exchange shops allow cash to be exchanged for cryptocurrency without real-name registration. At present, these exchange shops do not need to submit transaction reports to law enforcement agencies. According to a store staff involved in KYC certification, personal information needs to be register...
On February 8, according to Techinasia, Binance's Indonesian cryptocurrency exchange Tokocrypto announced the appointment of Calvin Kizana as the new CEO. It is reported that Tokocrypto will exceed 4 million users in 2024.
According to CoinDesk, Swiss cryptocurrency trading platform and artificial intelligence-led investment house Smart Valor is exploring the possibility of selling all or part of its business. CEO and co-founder Olga Feldmeier said in an interview that the company is conducting a strategic review after receiving a large number of inquiries from large global exchanges, cryptocurrency platforms, and traditional financial (TradFi) institutions, including banks and trading platforms. The European Unio...
The Trumps' "coin launch" has polarized opinion in the cryptocurrency industry, with some seeing it as an innovative venture and others as a predatory tactic to exploit the viscosity of Trump's fans. Morningstar head Kenneth Lamont has told investors not to trade cryptocurrencies without proper knowledge of the risks involved, "If Trump follows through on his campaign promises,...
According to Coinglass data, in the past week, the major cryptocurrency exchanges have accumulated 11,020 bitcoins, including Coinbase Pro outflow of 8272.50, Binance outflow of 3469.23, and Bitfinex inflow of 1584.71. At present, the cumulative balance of bitcoin on crypto exchanges is 2.1943 million.
The Giving Block, a company that works with nonprofits to promote cryptocurrency donations, has launched an emergency fundraiser for victims of the Los Angeles wildfires in Southern California. Ben Pousty, chief operating officer of The Giving Block, said the goal of the fundraiser is to raise $2 million, while Jared Isaacman, CEO of Shift4, the parent company of The Giving Block, will donate $1 million to the charity. Since its inception, its platform has raised about $200 million in cryptocurr...
Liechtenstein crypto exchange LCX has officially submitted a pre-application for a MiCA license for the pan-European crypto asset market. If approved, LCX will become one of the first regulated cryptocurrency exchanges to comply with European MiCA regulations.
Russian Central Bank Governor Nabiullinna: We have no plans to invest in cryptocurrencies.
Speaking at Abu Dhabi Financial Week, crypto exchange Binance CEO Richard Teng said the company is still considering potential locations for its global headquarters, with tax laws and the ability to attract talent being key factors in making that decision, according to Techinasia. Teng did not disclose which regions are being considered.
Nigerian cryptocurrency exchange Bitmama has temporarily suspended its virtual Mastercard service due to unforeseen issues with its providers. The current situation comes as African fintech companies are facing card service challenges, including exchange rate fluctuations, chargeback fraud and insufficient funding. Some fintech companies blame provider issues, while others cite high costs and limited revenue opportunities. Despite these obstacles, some fintech companies such as Bitmama and Chipp...
According to FOX Business, New York's top cryptocurrency regulator - the New York Department of Financial Services (NYDFS) - is about to approve a new stablecoin, RLUSD, issued by cross-border transfer firm Ripple. According to people familiar with the matter, the New York Department of Financial Services has informed Ripple that it will approve the product, which the company plans to launch on December 4. If approved, Ripple would be able to legally offer RLUSD to the public, making it a major ...
The Reddit crypto sub-forum r/cryptocurrency has partnered with Unstoppable Domains to launch the ".MOON" on-chain domain, which is also reported to be the first blockchain domain based on the Reddit community. The service is built on the Polygon blockchain and allows Reddit's crypto sub-forum community members to establish digital identities and interact with over 865 blockchain applications and wallets, enabling the sending and receiving of cryptoassets and NFTs while creating unique digital p...
