Tag: Binance

Nigerian Presidential Adviser Assails Binance, Calls for Measures Against the Crypto Exchange

Bayo Onanuga, a special adviser to the Nigerian president, has leveled accusations against Binance, blaming it for exacerbating the local currency’s depreciation against major currencies. Onanuga called for immediate action against Binance, warning that its activities could potentially undermine the economy. Binance, however, has refuted these allegations, attributing the naira’s depreciation to “complex factors” that […] Source CryptoX Portal

Crypto Exchange Binance Faces $10B Demand From Nigerian Government: BBC

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BNB Barrels Past $400, As Binance TVL Nears $5 Billion

Recently, the Binance Smart Chain emerged as the top Layer 1 platform with the biggest number of BNB users. There has also been a noticeable increase in its volume. The optimistic outlook for the cryptocurrency market as a whole has also contributed to BNB’s success. With a market capitalization of around $2.30 trillion, Bitcoin’s latest ascent beyond $63,000 suggests that investor confidence has increased. BNB Approaches $5 Billion TVL Total Value Locked (TVL) for BNB Chain increased steadily this year and is currently close to $5 billion. It’s crucial to remember…

Binance salvages $4b in botched crypto deposits

Binance has recovered billions in bungled deposits following its $4.3 billion settlement with the U.S. Department of Justice. Crypto exchange Binance reported over $4 billion of rescued customer deposits initiated within the last two years as the company looks to improve its operations under new leadership amid a bull cycle.  The report found 381,616 cases of crypto tokens deposited to the wrong address between 2022 and 2023, with virtual currencies stuck due to project upgrades and sometimes because of incompatible assets. Binance Chief Security Officer Jimmy Su said similar cases…

Justin Sun Moves $100M To Binance, Stacking Ethereum?

Justin Sun, the co-founder of Tron–a smart contracting platform for deploying decentralized applications (dapps), is once again moving and shuffling millions of dollars. According to Lookonchain data on February 29, Sun reportedly transferred 100 million USDT to Binance, days after moving huge sums earlier this week. Justin Sun moves $100 million USDT to Binance | Source: Lookonchain via X Justin Sun Holds Millions Of ETH: Will The Co-founder Buy More? From February 12 to 24, a wallet associated with Sun acquired 168,369 ETH for an average price of $2,894. This purchase, valued…

Nigeria Detains Two Binance Executives, Crypto Platform Accused of Exchange Rate Manipulation

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Nigerian authorities have reportedly detained two senior executives from Binance who had recently arrived in the country. The Central Bank of Nigeria’s governor stated that in 2023 alone, $26 billion flowed through the cryptocurrency exchange from sources and users that the bank could not adequately identify. Passports of Binance Executives Seized Authorities in Nigeria have […] Source

Binance expands VIP program to attract traditional asset holders

Binance is changing its VIP program to attract investors from conventional trading sectors, offering them lower fees and other exclusive privileges.  Under the new program, prospective users can qualify for VIP status on Binance by combining trading volumes from cryptocurrencies and traditional assets, such as stocks, across various external trading platforms.  Binance continues efforts to captivate significant traders following a trend where notable financial institutions from Wall Street have scaled back their cryptocurrency dealings in the U.S. due to increasing regulatory scrutiny. Previously, to achieve VIP status, Binance clients were…

Binance and KangaMoon soaring, Chainlink is under pressure

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. Binance Coin (BNB) and KangaMoon (KANG) are firm. KangaMoon recently hit an all-time high, and BNB is up by 30%. However, projects like Chainlink have seen significant declines.  These declines have caused Chainlink investors to diversify, and as a result, tokens like BNB and KangaMoon are seeing an uptick in new investors.  Chainlink under pressure Although it…