Nigerian Users Criticize Binance for Imposing Exchange Rate Caps on USDT to Naira Transactions

Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove “users behaving in a malicious or manipulative way.” The Nigerian Currency’s Woes Some Nigerian users of Binance’s peer-to-peer (P2P) platform have […] Source

Crypto Exchange Binance Announces Support for New Ethereum Layer-2 Scaling Altcoin Starknet (STRK)

Top global crypto exchange Binance has rolled out trading support for the new Ethereum (ETH) layer-2 scaling project Starknet (STRK). Starknet kicked off its first token allocation on Tuesday. The project plans to distribute more than 700 million Starknet tokens to nearly 1.3 million addresses. Eligible individuals and groups will have four months to claim their tokens, and unclaimed STRK will be distributed in future rounds. Binance attached a seed tag to STRK. The exchange applies seed tags to lower-liquidity tokens that have more volatility potential, and users who own…

Cryptocurrency Exchange Bitget Eyes Latam Expansion

Bitget, a top 15 cryptocurrency exchange, is seeking to expand its operations in Latin America, a market traditionally dominated by incumbents like Binance and Bitso. Maximiliano Hinz, Bitget’s growth director for Latam, believes that the exchange can differentiate by focusing on serving beginner investors with tools like its copy-trading feature. Bitget Aims to Gain Traction […] Source

Government Prosecutors Urge Judge To Accept Plea Deal for Crypto Exchange Binance: Report

US government prosecutors are reportedly urging a federal judge to accept crypto exchange Binance’s plea deal. In November 2023, the top global crypto exchange was hit with a $4.3 billion fine by the U.S. Department of Justice (DOJ) to settle a multi-year investigation. Changpeng Zhao, Binance’s controversial chief executive, said he would plead guilty to violating US anti-money laundering laws and step down as CEO. A sentencing memo filed to a federal court in Seattle last week indicates that prosecutors want the case’s judge to accept the plea deal, according to…

Crypto exchange FixedFloat reportedly suffers $26m hacker attack

Automatic decentralized crypto exchange FixedFloat seemingly suffered a multi-million hacker attack, resulting in a loss of Bitcoin and Ethereum. In an X post on Feb. 18, the FixedFloat team addressed the issue after it was first reported by blockchain researcher @reprove. While the details regarding the nature of the hack remain undisclosed, the developers characterized it as a “minor problem.” Despite this, the acknowledged a loss of at least 1,700 Ethereum (ETH), valued at approximately $4.7 million at the time of writing. , @FixedFloat just got exploited/the developer ran away…

Gaming Altcoin Built on Ronin (RON) Explodes After Going Live on Crypto Exchange Binance

A Web3 gaming altcoin built on the Ronin (RON) blockchain is soaring after securing a listing on top crypto exchange Binance. Pixels (PIXEL), an open-ended game focused on farming and exploration, shot up Monday from a low of $0.4711 to a high of $0.6887, a more than 46% increase. At time of writing, PIXEL has retraced slightly to $0.5916, and is sitting at a market cap of $441 million. Pixels’ big move comes as Binance announced Monday the token was available on its platform for a number of different trading…

Cryptocurrency Exchange Fixedfloat Hacked, Close to $26 Million Lost in BTC and ETH

Fixedfloat, an automatic cryptocurrency exchange, has been hacked by an unknown attacker who siphoned almost $26 million worth of BTC and ETH. The exchange, which has already acknowledged the attack, is investigating the event and working to eliminate all possible vulnerabilities. Meanwhile, Fixedfloat’s platform remains closed until further notice. Fixedfloat Loses $26 Million in ETH […] Source

Digital Bank is Taking on Coinbase With a New Crypto Exchange

The digital bank Revolut is developing a new cryptocurrency trading platform designed for seasoned crypto traders, according to an e-mail sent to customers this week. The new platform will offer more advanced trading features like deeper market analytics and lower trading fees than Revolut’s existing crypto services. etoro: Experience a reliable, user-friendly platform trusted by millions. Stay ahead in the crypto world. Board the Crypto Train now! In fact, Revolut aims to offer a fully independent crypto exchange in addition to standard digital asset services. The question is, however, whether…

Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls

In the first month of 2024, Nigeria’s headline inflation rose from nearly one percent to 29.9%. However, on a year-on-year basis, the January 2024 headline inflation rate was 8.08 percentage points higher than the January 2023 rate. Many commentators identify foreign exchange shortages as the root cause of the naira’s poor performance against major currencies. […] Source