Binance to support Cardano’s network upgrade
The Cardano network is ready for the Chang hard fork, part of the transition to the Voltaire era of decentralized network governance. Go to Source
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Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds
The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices. He called for a boycott of Binance and supported platforms that … Read more
Binance CEO Calls Nigeria’s Detention of Tigran Gambaryan Unjust
Binance CEO Richard Teng has said that Tigran Gambaryan, a former U.S. federal agent working for Binance, has been unjustly detained in Nigeria for six months. Teng reiterated claims that Gambaryan’s physical and mental health has deteriorated significantly while in detention. The CEO criticized the Nigerian government’s justification for detaining Tigran as baseless. He also … Read more
Wazirx Files for Moratorium in Singapore Court to Address Users’ Crypto Balances
Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the Insolvency, Restructuring and Dissolution Act to address users’ crypto balances. The move aims to provide a 30-day relief period for Wazirx to reorganize liabilities through a scheme of arrangement. The Singapore court will determine the duration of … Read more
Calls to release Binance exec intensify after 6 months in Nigerian detention
Binance CEO Richard Teng and family members have called for action, claiming Tigran Gambaryan has been unjustly detained in Nigeria since February. Go to Source
Former US Federal Agent Tigran Gambaryan Marks 6 Months in Nigerian Detention
Tigran Gambaryan, a former U.S. federal agent and Binance executive, has now spent six months in Nigerian detention. Lawyers say he has been denied proper medical care, leading to severe health issues, including a herniated disc that has left him unable to walk. Additionally, his lawyers said that between July 26 and August 14, they … Read more
Stakeholders urge Nigeria to adopt compliance-focused crypto regulation
While the government’s concerns are valid, industry stakeholders agree that a more measured approach could yield better outcomes. Go to Source
Long-Term Holders Secure $138M Daily As Bitcoin Market Shows Mixed Signals
In recent months, Long-Term Holders (LTH) have been consistently locking in around $138 million in daily profits despite turbulent market conditions. This steady flow of profits underscores the ongoing supply and demand dynamics, where each transaction involves a buyer and a seller, with price adjustments balancing these forces. This $138 million daily sell-side pressure from … Read more
Binance Unveils Plan to Hire 1,000 Employees This Year, Prioritizing Compliance Amid Regulatory Pressure
Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company’s commitment to bolstering its compliance operations amid increased regulatory scrutiny and ongoing legal challenges. Binance to Expand Workforce With 1,000 New Hires Amid Regulatory Scrutiny Binance CEO Richard … Read more
India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report
The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather feedback on effective regulation. India is emphasizing the importance of international … Read more
