The report, which cites documents from the Securities and Exchange Commission (SEC) of Nigeria, follows headlines from February that Nigeria’s government had blocked local access to several crypto platforms, including Binance, Kraken and Coinbase. Coinbase said at the time that it remained accessible and did not immediately respond to a CoinDesk request for comment on the current status. Source
“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain. The main thing is to make sure it is convenient for governments, common people and businesses, as well as cost-effective and free of politics,” Kremlin aide Yury Ushakov said in an interview with TASS. Source
Two executives of the exchange were detained last week on arrival in the country. Source
The government of Nigeria is demanding billions of dollars from Binance, alleging that the crypto exchange manipulated the exchange rate of its fiat currency. According to a new report by the BBC, the Nigerian government is slapping Binance with a $10 billion fine, claiming that the top global crypto exchange by volume manipulated foreign exchange rates to the point where the naira – the nation’s issued currency – fell 70%. Bayo Onanuga, special advisor to Nigerian President Bola Tinubu, tells the BBC that Binance failed to register with the government…
The Nigerian government has reportedly slapped the cryptocurrency exchange Binance with a $10 billion fine. According to a Nigerian government official, Binance is being punished for causing the local currency’s recent plunge against major currencies. Binance’s Alleged Influence on the Exchange Rate The Nigerian government is reportedly demanding a $10 billion fine from the crypto […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Bank of America’s Merrill Lynch and Wells Fargo’s wealth management arm have reportedly begun offering some clients access to spot bitcoin exchange-traded funds (ETFs). Other investment platforms that offer some clients access to spot bitcoin ETFs include Fidelity, Charles Schwab, Robinhood Markets, and UBS. Major Banks Embrace Bitcoin ETFs Bank of America’s investment arm, Merrill […] Original
South Korea has delayed its efforts to relax its crypto regulations and the prohibition on spot bitcoin exchange-traded funds (ETFs). This development follows closely behind the People Power Party’s contemplation of removing certain regulations and the ETF ban before the commencement of South Korea’s general election. South Korea Holds Back on Crypto Regulation and Reported […] Source CryptoX Portal
Marathon’s shares surged by more than 20%, fueled by investor optimism ahead of the forthcoming earnings report. Anticipation surrounding Marathon‘s financial performance, particularly in the wake of Bitcoin’s recent price surge, has fueled significant investor interest. The bullish sentiment was evident as Marathon’s stock (MARA) on Nasdaq surged by 21% to $29 as of Feb. 27, according to data from Google Finance. MARA stock price in USD | Source: Google Finance Analysts from Zacks Investment Research are forecasting Q4 revenues to reach $138.2 million, reflecting a staggering increase of over…
A man in Australia has reportedly disappeared after a crypto exchange mistakenly sent his account more than $585,000. According to a new Australian Broadcasting Corporation (ABC) report, cryptocurrency trading platform Rhino Trading Pty Ltd, which operates OTCPro, allegedly slipped up and added a zero to an account deposit made by 37-year-old Mildura man Kow Seng Chai. The platform’s efforts to make contact with Chai to have the money returned were not successful and the company turned to the courts. Court documents cited by ABC show that the crypto exchange successfully…
A top Hong Kong-based crypto exchange has halted withdrawals on its platform after over $56 million was taken out of its wallets last week. According to on-chain investigator ZachXBT, BitForex engaged in some “suspicious activity” last week. “Seeing some suspicious activity with the crypto exchange BitForex. On Feb 23 their hot wallets saw outflows of ~$56.5M. Shortly after this time withdrawals stopped processing with no official announcements having been made since.” According to ZachXBT, BitForex users are not having their inquiries answered by officials on BitForex’s X and Telegram. Furthermore,…