The Nigerian Securities and Exchange Commission (SEC) has once again emphasized that Binance’s activities within the country are illegal. In a recent statement, the regulator specifically mentioned Binance’s official website and highlighted that the platform is neither registered nor regulated by the Commission. Despite this warning, Binance remains a prominent crypto platform in Nigeria, solidifying
Exchanges
In a recent development, Binance has moved to dismiss the charges filed against it and CEO Changpeng ‘CZ’ Zhao by the U.S. Commodity Futures Trading Commission (CFTC). Binance argues that the CFTC acted outside its powers and failed to establish personal jurisdiction. According to Binance, the CFTC’s complaint should be dismissed because it did not
The legal saga surrounding cryptocurrency exchange FTX’s founder, Sam Bankman-Fried (SBF), has taken yet another twist. Recent reports suggest that SBF might face a potential gag order, preventing him from discussing FTX and the individuals involved in the case publicly. Judge Lewis Kaplan will decide on the necessity of this order during a hearing scheduled
The cryptocurrency exchange giant, Binance, has recently announced the successful integration of the Bitcoin Lightning Network (LN) for its deposits and withdrawals activities. This move is seen as a significant step towards improving user experience and addressing scalability issues in the crypto trading world. By adopting the LN payment protocol built on Bitcoin, Binance joins
The recent announcement by Kain Warwick, the founder of Infinex, has created a buzz in the cryptocurrency world. Infinex, a groundbreaking frontend, aims to revolutionize the decentralized exchange (DEX) market by serving as a frontend to the derivatives liquidity protocol, Synthetix. Unlike its counterparts, Infinex focuses on enhancing the user experience and overcoming prominent obstacles,