bINANCE - CryptoForPidgin

Binance Penalized $4.3M by Canadian Regulators for Unregistered Crypto Operations

May 17, 2024May 15, 2024 by Munene Raymond

Key Insights Canadian regulators fined Binance $4.3 million for not registering as a foreign money services business and neglecting transaction reporting. FINTRAC discovered that Binance failed to report 5,902 cryptocurrency transactions exceeding $10,000 from June 2021 to July 2023 using blockchain tools. The fine aligns with Canada’s ongoing efforts to regulate crypto exchanges amid similar … Read more

Changpeng Zhao, Binance’s founder, petitions for probation over prison

May 17, 2024May 2, 2024 by Munene Raymond

Key Insights: Changpeng Zhao’s legal team argues for probation, citing his first-time, non-violent offense status and extensive community backing. U.S. prosecutors advocate for a 36-month sentence for Zhao over anti-money laundering law violations. Numerous industry figures and family members have submitted letters supporting Zhao’s plea for probation. Binance founder Changpeng “CZ” Zhao’s attorneys have requested … Read more

Binance Executive Tigran Gambaryan Faces Money Laundering Charges in Nigeria

April 8, 2024 by Munene Raymond

Key Insights: Tigran Gambaryan, a senior executive at Binance, stands firm on his not-guilty plea to four counts of money laundering charges in Nigeria. The Nigerian court rejects the defense’s argument, ruling that Gambaryan served as Binance’s representative during his visits to the country. Tigran Gambaryan’s legal team requests his return to EFCC custody, challenging … Read more

Binance Halts Nigerian Naira Services Amid Crypto Crackdown

March 5, 2024 by Munene Raymond

Key Insights: Binance faces heightened scrutiny in Nigeria, leading to the discontinuation of NGN services. Central Bank of Nigeria alleges illicit transactions and “suspicious flows” of funds involving Binance. Regulatory challenges prompt Binance to delist NGN spot trading pairs and cease various NGN-related services. Global cryptocurrency exchange Binance has announced its decision to discontinue all … Read more

Binance Launchpool Welcomes Portalcoin with Unique Staking Options

February 21, 2024 by Munene Raymond

Key Insights: Portalcoin’s introduction to Binance Launchpool marks a significant step for its exposure and potential adoption worldwide. Users have a seven-day window to stake BNB and FDUSD in separate pools to farm PORTAL tokens before they become tradable. Portal is a cross-chain gaming platform aiming to bring more players to Web 3.0 through its … Read more

Binance Sets USDT Price Cap in Nigeria to Comply with Local Regulations

February 21, 2024 by Munene Raymond

Key Insights: Binance has introduced a cap on the USDT selling price in Nigeria to adhere to local forex regulations, setting the limit at 1,802 naira per USDT. Nigerian traders seek alternative exchanges as Binance blocks accounts selling USDT above the set price cap, affecting P2P market dynamics. Despite regulatory challenges, Nigeria remains the largest … Read more

Binance Don Set USDT price limit for Nigerian P2P Traders

February 21, 2024 by Meekness Nnoka

Key Note: The New USDT CAP mean say traders no go fit sell above 1802 naira per USDT. Binance, the largest crypto exchange, don set limit on d selling price of USDT for Nigerian P2P traders, as dem dey comply with local Nigerian authorities. For now, P2P traders for Nigeria no go fit sell their … Read more

Binance Announces Listing and Airdrop for Starknet’s STRK Token

February 20, 2024 by Munene Raymond

Key Insights: Binance’s listing of Starknet’s STRK token enhances liquidity and accessibility, spotlighting Starknet’s blockchain scalability solutions. Starknet’s STRK token is pivotal in governance, transaction fees, and staking within its Layer 2 solution for Ethereum. Starknet leverages zero-knowledge proofs for enhanced transaction security and efficiency, bolstering Ethereum’s Layer 2 solutions. Binance, a leading cryptocurrency exchange … Read more

Binance and SEC SAGA – Controversies Erupt

September 20, 2023 by Meekness Nnoka

Still on multiple stings on the Binance exchange, a judge recently declined to give the United States Securities and Exchange Commission (SEC) unfettered access to Binance.US software at a hearing on Sept. 18. After that, the CEO of the world’s largest crypto exchange, Binance, took to X (formerly Twitter) to clarify few things regarding its … Read more

Is There Still Hope For Pi Miners?

September 19, 2023 by Meekness Nnoka

Imagine having mined and held Pi for years only to realise that you have been delusional, and you would have not wasted your time and hopes. What about the fact that you mined and held PI and it finally paid off. That would be great, right? Anyways, let’s forge ahead. After PI’s mainnet and KYC … Read more

How to Get Your Project Listed on Binance (Dos and Don’ts)

December 22, 2022October 20, 2022 by Meekness Nnoka

Coin listing is one of the most anticipated news in the crypto space. And that is because it gives value to a crypto project and increases the holder’s motivations. Apart from the holders, coin listing news also solidifies the future of a crypto gem. As important as this activity is, many projects fail to gain … Read more

Become a cryptocurrency exchanger without capital

October 18, 2022July 17, 2022 by Meekness Nnoka

The crypto space is booming for its potential utilities and how lucrative it has been over the years. The lucrative attributes of the crypto space are a turn-on for many people, especially beginners. With this, many people are tripping into the crypto space to make ends meet. Unfortunately, people with no capital are left behind. … Read more