The exchanges delisted the token in 2019, in what BSV Claims argues was collusion in anticompetitive behavior. As a result token holders missed out on potential gains of more than 9 billion pounds, the firm said. It calculated the loss by looking at gains made by other cryptocurrencies since then, BitMEX Research said. Source
Gambaryan and another company exec, Nadeem Anjarwalla, were detained by Nigerian officials after they were invited by the country to resolve a dispute with the crypto exchange Source
Lompac II, where Zhao will serve his short sentence as inmate 88087-510, is a low-security prison in Santa Barbara County, on California’s central coast. According to the Bureau of Prisons’ records, there are currently 2,160 inmates at the facility. Source
Binance users in India can no longer avoid tax payments by making cash deposits for P2P trades as the exchange has suspended this option. Major crypto exchange Binance has blocked the use of cash payments for peer-to-peer (P2P) cryptocurrency trades in India. Local users can no longer buy or sell supported cryptocurrencies by depositing or receiving cash payments. Binance P2P Users in India Cannot Use Cash Anymore Before now, Binance allowed Indian traders to use an escrow option that allows users to close transactions after cash has been received or…
Amidst the backdrop of this year’s skyrocketing BTC transaction fees and a congested network, the latest Binance Research report, “The Future of Bitcoin #3 – Scaling Bitcoin,” unveils several approaches to addressing Bitcoin scalability. As average onchain fees have climbed in 2024, Binance researchers say stakeholders across the ecosystem are poised to redefine Bitcoin’s infrastructure […] Original
In late February of this year, two Binance employees were detained by Nigerian officials without notice or a public announcement of charges. In the weeks that followed, Nigerian prosecutors charged the two with money laundering and tax offenses that are entirely divorced from the personal conduct of either man. One of those Binance employees, Tigran Gambaryan, was, in fact, the company’s lead law enforcement liaison – a former IRS criminal investigator and global educator on the use of blockchain technology for identifying and combatting precisely the kind of offenses that…
A U.S. citizen, Gambaryan has been in detention in Nigeria for more than two months. He was invited by the nation’s authorities to resolve a dispute that government has with Binance. Instead, after a meeting with government officials, he and another Binance executive, Nadeem Anjarwalla, were taken by law enforcement officials. Anjarwalla later escaped but is included in the money laundering charges. Source
“Yesterday, despite numerous signs of severe illness, my husband was still required to appear in court, where he later collapsed,” Gambaryan’s wife, Yuki Gambaryan, said in the statement seen by CoinDesk. “The conditions in the notorious Kuje prison are, in a word, devastating. My husband is a strong, healthy person, but he is facing an environment that would bring even the strongest among us to our knees.” Source
The Nigerian Correctional Service recently faced accusations of failing to bring Tigran Gambaryan, a jailed Binance executive, to a court hearing on May 22. A lawyer representing the Nigerian revenue collection agency subsequently requested the court to adjourn proceedings. This would allow him to investigate the reasons behind Gambaryan’s absence. Gambaryan Key to Nigeria’s Tax […] Source CryptoX Portal
In 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, Binance, the world’s largest cryptocurrency exchange, is commemorating this milestone with a global campaign to distribute over 5,000 pizzas to crypto traders and enthusiasts. Crypto Exchange Binance Plans to […] Source BitcoincryptoexchangeExchanges CryptoX Portal