Finance & Crypto News Website
Bitcoin takes a dip, falling 7% to $67.7K after a near brush with $72K on May 21st. While it may seem like a significant setback, the fact that Bitcoin is only 9% away from its record high is keeping investors hopeful. However, their optimism is being tested as they question why the recent influx of … Read more
Hong Kong recently made headlines for its tough stance on unlicensed cryptocurrency exchanges. The Securities and Futures Commission (SFC) issued a directive ordering eleven platforms, including well-known ones like HKbitEX, PantherTrade, and Crypto.com, to either secure a license or shut down. Among these, only Crypto.com managed to secure approval, while others, such as OKX, Bybit, … Read more
Binance Billionaire Behind Bars. Changpeng Zhao Checks into Lompoc Prison for Four-Month Sentence. The news has been officially announced by the powerhouse legal team at Latham and Watkins, as reported by CNBC. EljaBoom, a renowned blockchain guru and crypto connoisseur, also took to X to spread the word. Referring to Zhao as his “friend,” Boom … Read more
The highly anticipated tax evasion trial of Binance’s top executive, Tigran Gambaryan, has taken a dramatic twist in Nigeria. Amidst the intense courtroom atmosphere, Gambaryan was nowhere to be found. As the news spread like wildfire, speculations arose about his safety, especially considering the notorious reputation of Kuje prison where he is currently detained. The … Read more
Binance Executive Denied Bail by Federal High Court in Abuja for Alleged Money Laundering and Tax Violations in Nigeria In a dramatic turn of events, Justice Emeka Nwite delivered a crushing blow to Gambaryan’s hopes for freedom on Friday. Despite the defendant’s plea for bail, the wise judge deemed it too risky, given the possibility … Read more
In a dramatic turn of events, Justice Emeka Nwite of the Federal High Court in Abuja has refused to grant bail to Tigran Gambaryan, a high-ranking executive at the renowned cryptocurrency exchange Binance. According to sources, Gambaryan is embroiled in a scandal involving alleged money laundering and tax fraud in Nigeria. Bail Decision Amidst Flight … Read more
Binance, one of the leading cryptocurrency exchanges, has caused quite a stir with its recent announcement to withdraw support for XRP, injecting an unexpected twist into the market narrative. Surprisingly, despite this news, XRP’s price has displayed a minor recovery, showcasing the resilience of investors amidst these unfolding events. What’s Brewing Behind Binance’s Plan to … Read more
The Surprising Dip in Derivatives Trading Volume on Major Exchanges in April by 1.4%. Binance, the king of centralized exchanges, saw a whopping 72% surge in futures trading last month. The Wu Blockchain team revealed that this explosive growth was sparked by Binance’s genius move of offering a limited-time discount on USDC perpetual contracts. Traders … Read more
In a stunning revelation, Binance CEO Richard Teng has come forward to claim that his executives, Tigran Gambaryan and Nadeem Anjarwalla, were targeted by individuals seeking a hefty cryptocurrency bribe. This shocking incident allegedly occurred before their arrest in Nigeria on February 28, 2024. The crypto community is left reeling as more details of this … Read more
Forensic Risk Alliance Takes the Helm as Binance’s Outside Monitor, Following Guilty Plea for Money-Laundering and Trade Sanctions Violations by the Justice Department Insider reports reveal that the Forensic Risk Alliance (FRA) has emerged victorious in a fierce battle for a confidential case, beating out heavyweight contenders such as Wall Street powerhouse Sullivan & Cromwell. … Read more