Tag: Binance

Court Announces New Date For Binance Executive’s Trial

Richard
Court Announces New Date For Binance Executive's Trial

Justice Emeka Nwite of the Federal High Court in Abuja has scheduled a new date for the trial of Tigran Gambaryan, a detained executive of Binance. Gambaryan is facing allegations of money laundering amounting to $35.4 million, as charged by the Economic and Financial Crimes Commission (EFCC). During the proceedings on Friday, Gambaryan’s absence was noted, and neither the defence nor the prosecution was aware of the circumstances surrounding it. Justice Nwite temporarily adjourned the court to allow both parties to ascertain the reason for the second defendant’s non-appearance. Upon…

Abuja Court Denies Binance Executive Gambaryan Bail

Richard
BREAKING: FG Drops Money Laundering Charges Against Binance Executive

On Friday, Justice Emeka Nwite of the Federal High Court in Abuja turned down the latest request for bail from the Binance Holdings Executive, Tigran Gambaryan. Gambaryan’s attorney, Mark Mordi (SAN), had previously made the case that his client’s well-being was at risk. The lawyer had explained that Gambaryan needed surgery for a slipped disc and mental health treatment for depression and anxiety. Mordi asked for a six-week release for Gambaryan to get the necessary medical care outside the prison, pointing out the poor conditions of care within. However, the…

The top 3 cryptocurrency casinos to play in the world’s most profitable cryptocurrency betting markets

Etiene Marvelous

  The convergence of cryptocurrency with online gaming in recent years has given rise to a sector with significant potential that is expanding quickly. Crypto gaming is a rapidly expanding market, especially after the global epidemic sparked a renewed interest in virtual currencies and online entertainment. Crypto casinos are becoming major players in the online gaming business as it grows, drawing in tech-savvy customers who appreciate security, speed, and privacy. The Development of Virtual Casinos: Since they initially debuted in 2012 or so, cryptocurrency casinos have become very popular. A…

As it is ready to exit Nigeria, Binance suspends its naira activities

Editor

As it is ready to exit Nigeria, Binance suspends its naira activities Before it ends its naira services this week, Binance asked Nigerians to trade or remove their holdings. After a falling out with the Nigerian government, cryptocurrency trading site Binance is planning to withdraw from the country. Before the naira services are discontinued this week, Binance invited Nigerians to discontinue the trade or exchange their NGN assets into cryptocurrency in a statement released on Tuesday, March 5, 2024. All outstanding NGN balances in Binance customers’ accounts will be automatically…

Breaking: Binance Halts Service To Nigeria, To Convert Naira Balances To USDT

Editor

Breaking: Binance Halts Service To Nigeria, To Convert Naira Balances To USDT Binance, the cryptocurrency exchange, has announced that it will no longer offer its services for Nigeria’s fiat currency, the naira. This announcement comes as a result of an ongoing regulatory conflict in the country. Starting from March 8 at 8:00 a.m. UTC, Binance will automatically convert naira balances to USDT. However, the exchange will stop supporting NGN deposits after 14:00 UTC today. Additionally, withdrawals will no longer be supported after March 8 at 6:00 a.m. UTC. According to…

Tinubu’s Govt Slams $10 Billion Fine On Binance

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Tinubu’s Govt Slams $10 Billion Fine On Binance Binance, a cryptocurrency trading platform, has been hit with a hefty $10 billion fine by the Federal Government of Nigeria. The Special Adviser to President Bola Ahmed Tinubu on Information and Strategy, Bayo Onanuga, confirmed the latest development during an interview with BBC on Friday (today). According to Onanuga, the reason behind this substantial fine is Binance’s involvement in illicit activities that have significantly contributed to the devaluation of Nigeria’s currency, the naira, in recent times. He pointed out that Binance has…

Full List: US, UK, Canada, Other Countries Where Binance Have Been Banned, Restricted

Editor

Full List: US, UK, Canada, Other Countries Where Binance Have Been Banned, Restricted Recently, some countries implemented measures to block and restrict access to the websites of prominent global cryptocurrency exchanges and virtual digital asset services providers like Binance, Kucoin, OKX, and others. Notably, major economies such as China, India, Turkey, and Nigeria have imposed restrictions on crypto trading. It is worth noting that the authorities have expressed concerns regarding the potential involvement of these exchanges in money laundering activities, aiding tax offenders, or facilitating crypto scams. Over the past…