Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
Binance is still accessible in the country even after the three-month countdown that the Philippine SEC set for banning the crypto trading platform.
A deposition from Binance.US' chief operating officer claims the SEC’s suit last year caused banks to pull support from the exchange, “effectively choking the business.”
"The allegations of the SEC severely undermined institutional trust in our platform," Binance.US executive Christopher Blodgett said during a deposition.
The SEC and Binance.US filed a joint status report detailing ongoing discovery efforts on Tuesday.
Two Binance executives were recently detained in the country, and the exchange’s CEO Richard Teng, has been summoned to appear before a committee.
Binance will suspend all services involving the Nigerian naira later this week after facing issues with local financial regulators.
The exchange allegedly enabled funds to leave Nigeria while the country is trying to restrict capital outflows.
The removal of the naira by Binance from its P2P market came amid claims by Nigerian authorities that the platform contributed to the devaluation of the naira.
The share of weekend Bitcoin trading volume has been in decline since 2018 but has dropped considerably since the U.S. launch of spot Bitcoin ETFs in early January.
The Terraform Labs co-founder, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the United States to face fraud charges.
The creators of a wallet drainer application have registered their business in the United Kingdom.
The project had been preparing for its listing on crypto exchange Binance for the past two years.
India banned crypto exchanges that didn’t comply with FIU guidelines, but market experts point to a lack of regulatory clarity and high taxation, forcing crypto traders to rush to foreign exchanges.
The National Institute of Standards and Technology is analyzing the iOS version of the Binance Trust Wallet app for a vulnerability that could potentially be used to steal funds from crypto wallets.
Solana becomes the 4th largest crypto by market cap despite a major network outage on Feb. 6.
January saw higher spot trading volume on centralized exchanges amid the approval of spot bitcoin ETFs in the U.S.
Over $120 million in XRP was stolen from Ripple Labs Executive Chairman Chris Larsen earlier this week.
Binance has reportedly been turned away by at least three Financial Conduct Authority-authorized partners since October.
The plaintiffs, who are also suing Iran and Syria, say the crypto exchange facilitated the financing of Hamas and other terrorist groups between 2017 and 2023.
Two former hostages and families of victims killed in the Oct. 7 attacks are seeking damages from Binance, Iran anunder the United States Anti-Terrorism Act.
The 2024 outlook highlights plans to increase active validators from 40 to 100 and merge Beacon Chain (BC) to enhance blockchain efficiency and speed up decentralization.
One such scam involves the use of a seemingly genuine LinkedIn account of Binance co-founder Yi He.
Binance.US’ legal team will be allowed to address “whether a digital asset remains a security in perpetuity” and staking as a security in court.
Binance is finally opening its Thailand exchange to the general public eight months after it announced an expansion into the country.
Although Google’s Play Store blocked the FIU-notified crypto exchanges, they are still available and working for old users with the app installed and on the web.
Binance, KuCoin and eight other crypto exchange applications were blocked by Apple App Store India weeks after the Indian Finance Ministry’s notice against nearly a dozen foreign non-registered crypto exchanges.
Apple has removed Binance, KuCoin and other offshore cryptocurrency exchanges from its India app store days after nine such entities were sent compliance show cause notices by the Indian government.
Market maker says the uptick in over-the-counter trading was due to volumes moving off-exchange.
The wallet receiving the hefty payout is the address that mined the Bitcoin network's first-ever block reward some 15 years ago, commencing the start of the blockchain.