Tag: Binance

Kraken and Binance delisted Bitcoin SV. Now, they’re being sued for $13bn

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Bitcoin SV was pulled from both exchanges in 2019 after Dr Craig Wright claimed he was Satoshi Nakamoto. Now, a class action alleges that caused the coin’s investors big losses. Fresh from a damning ruling that Craig Wright “extensively and repeatedly” lied about being Bitcoin’s pseudonymous creator Satoshi Nakamoto, another crypto showdown is now unfolding in British courts. The case currently being heard by the Competition Appeals Tribunal in London relates to Bitcoin Satoshi Vision — Bitcoin SV for short — which was created back in 2018 following a hard…

Binance Resumes Mastercard Payments for Crypto

“Following an extensive review of the rigorous controls and processes that Binance put into place, Mastercard made the decision to allow Binance-related purchases on its network,” a Binance spokesperson said via email. “We look forward to adding support for further products, such as withdrawals, at a later date.” Source

US Lawmakers: Jailed Binance Executive, US Citizen, Wrongfully Detained by Nigeria

A group of U.S. lawmakers led by Micheal McCaul, the House Foreign Affairs Committee chairman, has accused the Nigerian government of wrongfully detaining Tigran Gambaryan. The lawmakers have asked the Biden Administration to transfer Gambaryan’s case to the Office of Special Presidential Envoy for Hostage of Affairs. Nigeria Using Gambaryan’s Detention to ‘Extort His Employer’ […] Source CryptoX Portal

Binance Discontinues Cash Payment Option for P2P Crypto Trades in India

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…

Bitcoin’s Scaling Dilemma: Binance Report Sheds Light on BTC’s Enhancement Hurdles 

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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

The U.S. Response to Binance Exec Tigran Gambaryan’s Detention Is Shameful

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…

Binance Executive Jailed in Nigeria is Suspected of Having Malaria, Family Says

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