The United States ambassador to the United Nations, Linda Thomas-Greenfield, has joined the clamour for the release of Tigran Gambaryan, an executive of Binance, the world’s largest cryptocurrency exchange. Mr Gambaryan has been in detention in Nigeria since February. Ms Thomas-Greenfield made the request during a conversation with Nigeria’s Minister of Foreign Affairs, Yusuf Tugar, … Read more
The Federal High Court in Lagos State has jailed an impersonator of Nigerian singer Flavour, whose real name is Chinedu Okoli. The judge, Dehinde Dipeolu, sentenced on Tuesday Ikpaka Courage to two years imprisonment for fraudulently presenting himself as Flavour to dupe a United States citizen, Yvelte M. Thompson. The Economic and Financial Crimes Commission … Read more
A deputy director at the Central Bank of Nigeria (CBN), Olubukola Akinwumi, explained on Friday how Nigerians trading on Binance Holdings Limited’s platform use false names in the transactions. Mr Akinwumi, who is the Economic and Financial Crimes Commission (EFCC) ‘s second prosecution witness in the ongoing trial of the cryptocurrency firm and its executive, … Read more
The wife of a top Binance official, Tigran Gambaryan, on Thursday, called on the Nigerian authorities to stop prosecuting him and free him from detention. Yuki Gambaryan also restated her earlier call on the United States government to intervene “more forcefully” to pressure the Nigerian government to release him. Mr Gambaryan, held in a court-ordered … Read more
New Delhi: Leading blockchain and cryptocurrency platform Binance will be required to pay Rs 18.82 crore fine to restart operations in India. The Financial Intelligence Unit (FIU) has imposed this penalty on the company for operating in the country in violation of domestic anti-money laundering regulations. “After considering the written and oral submissions of Binance, … Read more
The Federal High Court in Abuja has dropped the executive of Binance Holdings Limited, Tigran Gambaryan, from the alleged tax evasion charge preferred against the company by the Federal Inland Revenue Service (FIRS). The judge, Emeka Nwite, discharged and struck out Mr Gambaryan’s name from the four counts after FIRS’ counsel, Moses Ideho, filed fresh … Read more
Multiple security motions, endless one minute silence ritual Security challenges in Nigeria dominated last week’s plenary sessions in the House of Representatives as members from different constituencies presented motions calling for interventions in their constituencies. From the killings in Enugu State to the herders invasion in Kogi State to the massacre in Kaduna State, lawmakers … Read more
“I failed here,” Zhao said before US District Judge Richard A. Jones issued the sentence. “I deeply regret my failure, and I am sorry.” Ex-Binance CEO Changpeng Zhao arrives at federal court in Seattle, Washington, on Tuesday. Photo: Bloomberg The three-year prison term prosecutors sought was more than twice the guideline range for the crime. … Read more
The federal government of Nigeria on Monday initiated criminal proceedings against Binance, a leading cryptocurrency exchange platform. The Federal Inland Revenue Service (FIRS) on Monday announced the charges filed at the Federal High Court in Abuja. In a statement signed by Dare Adekanmbi, the special adviser on media to the executive chairman of the FIRS, … Read more
Bitcoin price today fell to the $20,000 mark Binance has announced a series of educational initiatives aimed at improving awareness about blockchain technology and digital assets among Indian investors, especially the student community. The world’s largest cryptocurrency exchange platform, Binance on Friday announced a series of educational initiatives aimed at improving awareness about blockchain technology … Read more
