In a bold move that is sending shockwaves throughout the cryptocurrency community, Nigeria’s Federal Inland Revenue Service (FIRS) has initiated legal proceedings against Binance Holdings Limited. The case centers on allegations of over $81 billion in unpaid taxes and penalties related to the crypto exchange’s operations in the country. The specifics of this claim, as
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In the ever-evolving landscape of cryptocurrency, the advent of new scams poses an increasing threat to inexperienced and even seasoned users alike. Recently, Richard Teng, the CEO of Binance, has brought attention to a particularly insidious fraud known as the “share-seed-phrase” scam. This bogus scheme is carefully crafted to exploit users’ fears surrounding their financial
The cryptocurrency market is known for its volatility and the rapid spread of information, both accurate and misleading. On February 17, Changpeng Zhao, commonly known as CZ, the founder and former CEO of Binance, firmly denied rumors suggesting that the leading cryptocurrency exchange was seeking a buyer. This speculation ignited discussions among crypto enthusiasts and
The cryptocurrency landscape has witnessed a significant evolution, particularly in the trading dynamics of popular digital assets. Among these, XRP, the native token of the Ripple network, has recently emerged with remarkable momentum, particularly within U.S.-based exchanges. A recent report by Kaiko underscores a notable uptrend in XRP’s trading volumes, indicating a rising interest that
In a significant turn of events for the cryptocurrency exchange Bybit, CEO Ben Zhou recently announced that the platform is no longer subject to the blacklist of France’s Autorité des Marchés Financiers (AMF). This major milestone is the culmination of over two years of dedicated collaboration with the French regulatory body aimed at resolving compliance
As 2024 draws to a close, Coinbase has positioned itself as a formidable player in the cryptocurrency exchange landscape, showcasing remarkable growth and strategic foresight. The firm reported revenue of $2.3 billion for the fourth quarter, significantly surpassing analyst expectations of $1.87 billion. This impressive result reflects an 88% increase from the previous quarter and
The cryptocurrency market is currently witnessing an unprecedented upswelling in trading activity, particularly in the derivatives segment. This phenomenon is epitomized by CME Group’s report highlighting record-breaking trading volumes for Q4 2024. The growth trajectory observed underscores not only increasing institutional interest but also a robust engagement from retail investors. This article delves into the
In an impressive turnaround, Robinhood has reported a staggering increase in its crypto trading volume, achieving a remarkable 400% rise in the fourth quarter of the year. This surge propelled the trading volume to an astounding $70 billion, primarily driven by retail investors’ renewed interest as Bitcoin surpassed the $100,000 mark. This resurgence in the
Crypto.com has taken a significant leap in establishing its footprint across the European Economic Area (EEA) with the announcement of its comprehensive crypto asset services. As indicated in a recent post, the platform proudly asserted its readiness to offer these services to all EEA member states. This strategic expansion underscores the company’s commitment to enhancing
In 2024, the cryptocurrency trading landscape saw a remarkable shift, with total trading volumes on centralized exchanges soaring to $18.83 trillion, as reported by CoinGecko. This surge highlights a significant rebound from the previous years’ challenges, including increasing regulatory scrutiny and market volatility. The data spans five years, offering insights into market dynamics and the