Cryptocurrency
The Nigerian currency, the naira, strengthened against the US dollar on the cryptocurrency exchange platform, Binance, due to sell-offs, as CBN introduced changes.
The Nigerian government has hit Binance, a cryptocurrency platform, with a $10 billion fine over foreign exchange infractions, saying it is illegal to fix FX rates.
Bitcoin has risen to a significant mark, sparking jubilation amongst crypto enthusiasts and giving a signal of a strong recovery since the 2022-2023 decline.
The Security and Exchange Commission (SEC) may slam fines on Binance and other cryptocurrency platforms over allegations of currency manipulations in Nigeria.
Adamu Garba, a prominent APC chieftain, has said Binance should face the law and pay the price for its alleged infractions against the Nigerian law.
One of President Bola Tinubu's key aides, Bayo Onanuga, has said if not tackled, the cryptocurrency trading website, Binance, will destroy Nigeria's economy.
Nigerian cryptocurrency traders traded about N1.9 billion worth of USDT on Binance following a directive by the Nigerian government to block the platform.
A cryptocurrency investor and expert has listed ways for investors to avoid being scammed after a Bitcoin investor reported that his account was hacked.
A US online pastor and his wife, Eli Regalado and his wife, Kaitlyn, are facing lawsuit in Colorado for flagging fake cryptocurrency platform, said it is God's order
Cryptocurrency
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