Nigeria’s recent crackdown on leading cryptocurrency exchanges, including Binance, OctaFX, and Coinbase, has ignited controversy and raised concerns about the accessibility of digital assets in the country. Despite regulatory challenges, stakeholders emphasize the need for transparent dialogue to navigate the evolving regulatory landscape.
Lookonchain reports significant cryptocurrency transactions associated with a suspected address linked to Justin Sun. Over the past 32 hours, the address purchased 54,721 ETH, valued at $154.4 million, and made substantial withdrawals and deposits
New York law firm Sullivan & Cromwell, renowned for its involvement in FTX’s bankruptcy case, is poised to undertake a pivotal role as Binance’s independent monitor. Following Binance Holdings Ltd.’s substantial multibillion-dollar settlement with the US government, Sullivan & Cromwell emerges as the leading contender for overseeing Binance’s compliance with its plea agreement.
Binance’s decision to delist Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) stems from concerns over team commitment, development activity, and network stability. Trading for these tokens will cease on February 20th, with withdrawal support available until May 20th. Users are urged to adjust their portfolios accordingly.
Binance cracks down on insider trading with leak cancellations, $5 million whistleblower rewards, and public blacklisting for corrupt employees, bolstering exchange security and transparency.
Binance adds Ronin (RONIN) to its trading platform, opening spot trading for RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY pairs. This move further connects users to the Web3 gaming blockchain, but comes with a reminder of RONIN’s relative novelty and potential risks.
Responding to concerns on social media, Binance denies a user data leak involving KYC information, assuring users of account security and attributing the claims to unfounded speculation. However, questions linger regarding the source of the alleged leak and its potential connection to previous security incidents.
Chainlink, a leading decentralized oracle network, continues its multi-year token distribution plan, recently unlocking 19 million LINK ($341 million) and depositing a significant portion (15.95 million, $287 million) on the Binance exchange. This aligns with their strategy to gradually release tokens for wider adoption and network growth.
Binance’s hot wallet tagged (0xb3…AFA3) has collected 137.8k RON from thousands of wallets since January 26th. This behavior has sparked speculation about Binance’s listing of RON, leading to a 15% increase in 24 hours. However, it is more likely that Binance is collecting funds from users who mistakenly deposited RON over the past few years, although this is debatable.
Binance founder Changpeng Zhao’s (CZ) bid to visit the United Arab Emirates has hit a roadblock, with a federal judge upholding previous denials despite his offer to post a massive $4.5 billion security deposit. This latest development in the ongoing legal saga surrounding CZ adds another layer to the already complex relationship between the cryptocurrency mogul and the United States.