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Tag: Binance

Binance halts support for USDC stablecoin on Tron blockchain
News

Court orders Binance to surrender users data to FG

The Federal High Court in Abuja has issued a compelling mandate to Binance Holdings Limited, the renowned global cryptocurrency entity, to divulge comprehensive information regarding its most influential users within Nigeria. This order, issued by Justice Emeka Nwite, comes as a response to an ex parte motion presented by the Economic and Financial Crimes Commission […]

Crypto

Crypo platform NoOnes emerges top choice for Nigerian Binance users

In a groundbreaking shift within the cryptocurrency landscape, NoOnes, the innovative peer-to-peer platform, is rapidly asserting itself as the go-to choice for Binance users in Nigeria seeking seamless and efficient P2P transactions. The platform is revolutionising P2P trade with its unique community, mission and team of advocates as Binance users in Nigeria are increasingly adopting […]

Binance opens crypto trading to Syrians after US lifts sanctions
Crypto

Binance execs remain detained as Nigeria demands top users identity

Nigeria is actively seeking information from Binance regarding its top 100 users in the country and their complete transaction history spanning the past six months, according to a report from the Financial Times. This development coincides with recent reports from Wired revealing the identities of two Binance executives who were detained two weeks ago: Tigran […]

Nigerians search to 'sell bitcoin' after Binance exit — Google
News

Nigerians search to ‘sell bitcoin’ after Binance exit — Google

A large number of Nigerians are looking to “sell bitcoin,” according to a recent Google Search Trends survey. According to the data, the number of people searching for “sell bitcoin” has increased by an astounding 376% worldwide. Nigeria is ranked first on the list. The licensing of spot Bitcoin Exchange-Traded Funds by US authorities has […]

Binance halts support for USDC stablecoin on Tron blockchain
Crypto featured

Binance halts Nigerian service amid govt crackdown

Effective March 8, Binance is set to cease all transactions and trading activities involving Nigeria’s local currency, aligning with a broader nationwide effort to curb cryptocurrency exchanges. “Fellow Binancians, Binance will discontinue all Nigerian Naira services as per the timeline below. Users are encouraged to withdraw NGN, trade their NGN assets, or convert NGN into […]

Binance opens crypto trading to Syrians after US lifts sanctions
Crypto

FG slams $10bn fine on Binance over forex crisis

The Nigerian Federal Government has imposed a $10 billion fine on the cryptocurrency trading platform Binance, alleging its involvement in influencing the country’s forex crisis. The Special Adviser to President Bola Tinubu on information and strategy, Bayo Onanuga, revealed the fine in an interview with the BBC on Friday. Onanuga stated that Binance engaged in […]

FG to reveal outcome of Binance probe soon - NSA
News

FG to reveal outcome of Binance probe soon – NSA

Melvin Onwubuke The Office of the National Security Adviser has announced that the Federal Government is investigating the activities of Binance, a cryptocurrency exchange platform. Two executives of Binance, were reportedly arrested by agents of the Nigerian Government. The National Communication Commission, in efforts to curb the constant manipulation of the forex market and illegal […]

Binance working with Nigeria govt to resolve exec's detention, CEO says
Crypto

FG arrest two Binance executives

By Alex Omenye   The Federal Government has arrested two Binance executives in Nigeria this week, The Financial Times reported. Last week, both executives had flown to Nigeria in response to a website ban and were subsequently arrested by the office of the National Security Adviser, as outlined in the same report. In a tumultuous […]

Binance working with Nigeria govt to resolve exec's detention, CEO says
Crypto

Binance, Coinbase suffer restriction in Nigeria

Some cryptocurrency exchanges in Nigeria encountered accessibility challenges, leading to speculation about potential restrictions on crypto sites, as reported by the Financial Times. Local media previously suggested that Nigeria’s apex bank instructed the Nigerian Communications Commission, the telecom regulator, to suspend access to crypto websites, including Binance, Coinbase, and Kraken. This development came shortly after […]

Binance working with Nigeria govt to resolve exec's detention, CEO says
Crypto

Binance sets price cap as presidential aide calls for ban

The cryptocurrency stablecoin Tether’s selling price on Binance’s peer-to-peer exchange has been capped, as the company has also stated that it is willing to cooperate with Nigerian authorities. In a blog post published on Wednesday, Binance stated that its P-2-P platform is driven by the market and not by Nigerian currency rates. “Binance serves as […]

Binance opens crypto trading to Syrians after US lifts sanctions
Crypto featured

Binance restricts USDT/NGN trading

The world’s largest cryptocurrency exchange, Binance has implemented restrictions on peer-to-peer transactions involving the USDT/NGN pair as the naira experienced record lows on Tuesday. The exchange, serving as an escrow for Nigerians trading naira for USDT (a stablecoin pegged against the US dollar), stated that this measure is aimed at protecting users from fraud and […]

FG moves to restrict Binance, other crypto platforms
News

FG moves to restrict Binance, other crypto platforms

Nigerian government is contemplating the restriction of access to Binance and similar cryptocurrency platforms over the decline of the Naira. This consideration stems from concerns over alleged manipulation of the foreign exchange market and unauthorized financial flows, which are believed to be contributing to the naira’s significant devaluation, reaching a record low of N1,800 against […]

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