One legal expert says if the class action lawsuit progresses, it could put the “efficacy of blockchain analytics itself” on trial. Binance and its former CEO Changpeng Zhao (CZ) are facing a new class action lawsuit from three crypto investors who say they couldn’t recover their stolen assets because the exchange failed to prevent money…
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Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X. Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results. On Aug. 9, local anti-censorship organization VE sin…
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Football icon Cristiano Ronaldo is rolling out a new NFT collection with Binance commemorating different stages of his illustrious career. Cristiano Ronaldo will continue his Web3 foray by launching a new nonfungible token (NFT) collection with Binance commemorating his path from humble beginnings to football stardom. The collection, dubbed “Forever Worldwide: The Road to Saudi…
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Gambaryan’s lawyer, Chukwuka Ikuazom, objected, citing Nigerian law, stating he couldn’t plead until Binance, the primary defendant, was served. The tax evasion trial in a Nigerian court involving cryptocurrency exchange Binance and two of its executives has been adjourned to May 17. This delay occurred because the exchange had not yet been formally served with…
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Key Points: Binance will return to India, pay a $2 million fine, and comply with regulations. Previous non-compliance led to a ban, impacting the Indian crypto market. The re-entry of Binance in India is expected to shake up Indian market dynamics amid the crypto boom. Binance, a major cryptocurrency exchange, is gearing up to re-enter…
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Key Points: Binance tightens KYC standards for users under its Binance Link Program, effective March 20, 2024. Sub-account holders failing to meet Binance KYC requirements risk full account restrictions by May 20, 2024. Exchange Link account holders must ensure compliance and provide necessary user information, with Binance communicating solely through them. Binance, one of the…
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Key Points: Binance executive sues Nigeria’s NSA and EFCC over human rights violations. The Nigerian government charges Binance with tax evasion amidst currency impact concerns. Legal proceedings are adjourned as executives seek release; the digital asset community demands freedom. Detained Binance executive Tigran Gambaryan has taken legal action against Nigeria’s National Security Adviser (NSA) and…
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According to local crypto stakeholder Nathaniel Luz, Nigeria’s crypto ecosystem will see the rise of new crypto exchanges that will fill the vacuum created by Binance’s exit. Local cryptocurrency stakeholders have lamented the current ban on Binance naira operations in Nigeria, stating it will affect the livelihoods of many Nigerians and could increase youth unemployment…
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The committee’s Chair, Ginger Onwusibe, warned that if Binance ignores the summons, the committee will exercise its constitutional authority and take necessary actions. The Nigerian House of Representatives Committee on Financial Crimes has called Binance CEO Richard Teng to appear before the committee over suspicions of terrorism financing and money laundering. According to a local…
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Binance urged users to convert and redeem their tokens into other assets before the deadline. Crypto exchange Binance has said it will cease support for some of its leveraged tokens linked to Bitcoin and BNB Binance announced the decision to end support for leveraged tokens paired with Tether on Feb. 19. The leveraged tokens affected include BTCUP and…
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