Binance, the world’s largest cryptocurrency exchange, has decided to delist four cryptocurrencies – BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS). The decision to delist these assets is based on various factors such as poor trading volume, liquidity, level of public communication, and stability of the network from attacks. Support for all spot trading
Currency exchange
Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), recently made allegations against cryptocurrency exchange Binance. According to Akinwumi’s testimony in a legal case brought by the Economic and Financial Crimes Commission (EFCC), Binance and its executive, Tigran Gambaryan, are being accused of conducting transactions that are typically reserved for authorized banks
Taiwan Mobile, the second-largest telecom operator in Taiwan, has taken a significant step by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move reflects the company’s efforts to break into the crypto market and integrate digital assets with mainstream services. The Financial Supervisory Commission’s latest report now lists Taiwan
KuCoin, a popular cryptocurrency exchange, recently announced that it would start collecting a 7.5% value-added tax on trading fees from its Nigerian users starting from July 8. This decision was outlined in a statement released on July 3, where the firm specified that the VAT would be applied to transaction fees in each trade for
Binance, one of the largest cryptocurrency exchanges in the world, recently announced that it is implementing stricter measures to address account misuse. The company stated that certain account features on the platform are being misused or exploited to gain unfair advantages such as better fee rates and higher API limits over other users. While it
Coinbase, the largest cryptocurrency exchange in the United States, has taken legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The exchange filed lawsuits alleging that both regulatory bodies failed to respond to information requests related to closed crypto cases. Coinbase is seeking to compel the SEC and
The cryptocurrency industry experienced a significant milestone in May, with a total of $1 billion in investments reported. Ethereum emerged as the dominant player in these investments, showcasing its strong market presence. Despite facing money laundering accusations, Binance executives had tax evasion charges dropped by Nigerian authorities. This development sheds light on the complex legal
The recent revelation by blockchain security firm CertiK regarding a critical vulnerability in crypto exchange Kraken’s deposit system has sent shockwaves through the cryptocurrency community. The firm uncovered an issue in Kraken’s deposit system that failed to differentiate between various internal transfer statuses, leading to a deeper probe into the potential for malicious actors to
South Korea’s Financial Supervisory Service (FSS) has recently addressed the concerns surrounding the potential removal of various digital assets from local cryptocurrency exchanges. This development comes in light of the Virtual Asset User Protection Act, which aims to enhance compliance and scrutiny of listed tokens on these platforms. Contrary to initial reports, the FSS has
Recent developments in the ongoing saga between Nigeria and Binance have seen the Federal Inland Revenue Service (FIRS) withdrawing tax evasion charges against Tigran Gambaryan and Nadeem Anjarwalla, high-ranking executives at the exchange. This move comes after a series of events that have garnered media attention and raised questions about the relationship between the two