If peer-to-peer trading is undermining the value of our currency, we are willing to discontinue it. However, we are committed to maintaining our relationship with Binance as we hold them in high regard. Simultaneously, we urge the Nigerian government to confront corruption within our political class. Ultimately, we believe that all assets are secure in Binance and other exchanges, and there is no need for concern.
Binance to Discontinue All Nigerian Naira (NGN) Services
Fellow Binancians, Binance will discontinue all Nigerian Naira (NGN) services as per the timeline below. Users are encouraged to withdraw NGN, trade their NGN assets or convert NGN into crypto prior to the discontinuation of these NGN services. From 2024-03-08 08:00 (UTC), any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT based on the conversion rate below. Deposits, Withdrawals and Conversions: Binance will not support deposits of NGN after 2024-03-05 14:00 (UTC). Withdrawals of NGN will not be supported after 2024-03-08 06:00 (UTC). After 2024-03-08 08:00 (UTC), Binance will convert any remaining NGN balances in users’ Spot and Funding wallets into USDT on behalf of users at a ratio of 1 USDT = 1,515.13 NGN. Please note that the conversion rate is calculated based on the average closing price of the USDT/NGN trading pair on Binance Spot in the last seven days. The conversion may take approximately up to 24 hours or longer. USDT tokens will be credited to users’ Spot wallets thereafter, and users can confirm receipt of the tokens via the Convert History page. If users hold less than 0.00000001 USDT worth of NGN in their Spot and Funding wallets, they will each receive 0.00000001 USDT in their Spot wallets after the conversion. Spot: Binance will delist all existing NGN spot trading pairs (i.e., BTC/NGN and USDT/NGN) at 2024-03-07 03:00 (UTC). All open spot orders with respect to the above trading pairs will automatically be closed when trading ceases in the relevant trading pair. Users should ensure they have not selected “Hide Small Balances” in all of their wallets to view their assets after trading ceases. Convert: Binance Convert will delist NGN and all corresponding pairs at 2024-03-07 02:00 (UTC). Binance P2P: Binance P2P delisted all NGN trading pairs at 2024-02-28 15:00 (UTC).
⚠️ Binance Shocks Users: Nigerian Naira (NGN) Removed from P2P Feature ⚠️ In a startling move, Binance has pulled the plug on Nigerian Naira (NGN) transactions within its P2P feature. 🇳🇬 This decision follows accusations from the Nigerian government, blaming Binance for exacerbating the devaluation of the Naira. Presidential advisor "Bayo Onanuga" has issued stern warnings, cautioning that Binance's actions could spell economic disaster for Nigeria if left unchecked. 💼 Additionally, the government has levied a staggering $10 billion fine on Binance, labeling its transactions as illegal. This unprecedented development has sent shockwaves through the cryptocurrency community, raising concerns about the intersection of global finance and national sovereignty. 🌍 With Binance facing mounting pressure from regulators, the future of crypto in Nigeria hangs in the balance. Stay tuned for further updates as this story unfolds, and brace yourself for potential ripple effects across the crypto landscape. 💥 #Portal #BTC #BONK
If you have more than 0.25 #Bitcoin , Congrats 🥳 You will own more Bitcoin than the millionaires who do not have any, Let's Calculate, Right now, 93% of all the Bitcoins that will ever exist are already in the market. There will only ever be 21 million Bitcoins. In fact, it might be less, possibly closer to 15 million, because at least six million have been lost forever. What does 15 million signify? For context, This means, hypothetically, if every millionaire wanted just half a Bitcoin, they couldn't obtain it due to a supply shortage. As of 2023, there were 64 million millionaires. Dividing those numbers indicates the most anyone could acquire at that rate is 0.23, just under a quarter of a Bitcoin. This fact is somewhat astonishing. $BTC #trendingtopic #Write2Earn
So after the clueless Nigerian Government arrested some Binance officials and slammed a N10b fine on Binance just recently, the naira they claimed they were "trying to save" has currently crashed furthermore from N1400 to N1550. The current Government just wants to impoverish the youths of this country by clamping own on Binance. Remember when "he" said..."We will reduce the purchasing power of the people"...he really meant it. 🙄 As a Nigerian, you should know who the "he" is. If cluelessness were persons...the Nigerian Government are representatives. #TrendingTopic #Portal #Write2Earn
Cryptocurrency trading platform Binance has made the decision to remove the Nigerian currency, the naira, from its peer-to-peer (P2P) service, prompting discontent and concern among Binance users in Nigeria. This development coincides with reports that two Binance executives have been detained in Nigeria, with their passports confiscated. The executives had traveled to Nigeria to address the country’s ban on crypto exchange websites. 👇👇👇👇👇👇👇👇 FOLLOW FOR MORE #Write2Earn #Write2Earn #Write2Earn $BNB $ETH $BTC
With TradFi interest in crypto ramping up, @BinanceVIP team has introduced a new program for high-volume traders. You can now use trading volumes from up to 2 other crypto or TradFi platforms to gain VIP status. More here 👉 https://t.co/7DrkpWXFpE
Urgent announcement 📣📣📣 The Governor of the Central Bank of Nigeria has stated that Binance facilitated transactions totaling up to $26 billion over the past year, drawing from undisclosed sources and users.
In light of this development, it is crucial for individuals seeking to enhance their understanding and awareness to consider the following points:
1) The potential for money laundering, indicating that billions of unaccounted dollars have been channeled through the system. 2) The risk of tax evasion. 3) The possibility of financing terrorism and facilitating organized crime.
I urge all Nigerians to reflect on the implications of these factors and consider their next course of action. It is essential to prioritize discernment and compliance with regulations in all financial activities.
Approximately 10 hours ago, the US Government executed a transfer of 15,085 $BTC , valued at $921 million, to 2 new wallets. As of now, the US Government's holdings amount to 200.16K #BTC , equivalent to $12.44 billion at CMP. #USGovernment
The Coinbase collapse wiped out $100 billion from Bitcoin's market value in 15 minutes. Bitcoin price fell from $64,000 to $59,000. This was a roughly 9% swing in 15 minutes, as many Coinbase users began showing a $0 balance in their accounts. It also happened when Bitcoin was less than 10% away from its new all-time high. Coinbase is reportedly still working to fix the issue. Coinbase stock $COIN also fell 5% in the 15 minutes after the outage. @ELISHA001 ✅ #Write2Eam
Here’s How Bitcoin ETFs Will Potentially Surpass Gold ETFs in AUM BTC $62,344.3 +9.26% A new metric has shown that Bitcoin exchange-traded funds (ETFs) may potentially supersede Gold ETFs in assets under management (AUM). Here’s how: Bitcoin ETFs vs. Gold ETFs A Bitcoin ETF is a financial product that tracks BTC’s price and allows investors to gain exposure to them. On the other hand, the Gold ETF serve as an investment vehicle, enabling users to gain exposure to the physical gold price. Traditional financial companies offer these products to their customers. The past two months have been a watershed moment for the entire Bitcoin ecosystem. With the approval of the spot Bitcoin ETF in the United States, investment companies have begun offering a Bitcoin-backed ETF product to clients. Since January 10, spot Bitcoin ETFs have seen noteworthy turnups in value. The majority of the companies offering this product are seeing continuous increases weekly. Gold ETFs were approved in the United States in November 2004. According to ETF.com, there are 35 gold ETFs available in the U.S. markets with a total AUM of more than $108 billion. In comparison, Bitcoin ETFs have a total AUM of over $40.4 billion from 30 ETF products. A large chunk of these Bitcoin-backed ETF products are spot Bitcoin ETFs. The AUM metric shows that Bitcoin ETF products account for approximately one-third of gold ETFs. With Gold ETFs being in existence for nearly two decades and spot Bitcoin ETFs for two months, the latter has the potential to supersede the initial. Market experts speculate that Bitcoin ETFs may surpass Gold ETFs within six months if there is a continuous inflow of about $2 billion weekly. BTC Flies To $61k The Bitcoin ecosystem is on fire as BTC inches closer to its all-time high (ATH) of $69,000. At the time of writing, the leading cryptocurrency traded at $61,000, representing a 7% increase over the past 24 hours. It is also a 20% price change over the past week.
Crypto Stocks Soar as Bitcoin Smashes Through $59K Mark for the First Time Since 2021 BTC $60,300.3 +5.87% According to CoinDesk: The cryptocurrency market is buzzing as Bitcoin (BTC) powers through the $59,000 mark, recording a fifth consecutive day of gains. This recent surge represents a 4.8% increase over the past 24 hours, pushing Bitcoin to its highest level since November 2021 and bringing it to within 14% of its all-time high of about $69,000. This resurgent strength in Bitcoin's price has spurred significant action in crypto-related stocks. Notably, the shares of Coinbase (COIN), the only U.S. traded crypto exchange, swelled by 3.9% after reaching a 52-week high of $209.94 on Tuesday. MicroStrategy (MSTR), the largest corporate holder of Bitcoin, saw its stock price increase by 7.5%. The software development company made headlines when it announced its acquisition of an additional 3,000 BTC, taking its total holdings to a whopping 193,000 Bitcoin. Among spot Bitcoin ETFs that were approved last month, BlackRock's Bitcoin exchange-traded fund (IBIT) added around 3.9%, leading the pack in terms of gains. Cryptocurrency miners also saw an uptick with Marathon Digital (MARA) and Mawson Infrastructure (MIGI) each making gains of 6.1%. HUT 8 (HUT), which recently announced that it will start liquidating its Bitcoin holdings to finance corporate growth, saw its technology stock advance by 3%. The broader crypto market mirrored this positive trend, with the CD20 increasing by 3.5%. These figures depict a flourishing crypto market as Bitcoin blazes through significant milestones.
👉 In 2023, $PEPE was valued at $0.000000055142. A $100 investment then would have given you around 1,815,742,388 tokens. 👉 Holding these tokens till today's price of $0.00000141 would make your investment worth approximately $2,561.44. 👉 If you waited for $PEPE 's last all-time high of $0.00000431, your investment could have soared to about $7,826.92. 👉 To summarize, an $100 investment in $PEPE eight months ago, held until now, could be worth around $2,561.44 or potentially $7,826.92 if sold at the peak. 👉 If you found this information helpful, consider liking, sharing, and following for more updates. #CryptoInvesting #FinancialInsights #PEPE2024 #InvestmentAdvice $PEPE
🚨🚨"PIXEL IS PROVIDING A VERY RARE OPPORTUNITY TO HELP YOU DOUBLE YOUR MONEY!! 🚨🚨 💥I know a lot of you must have come across some posts that try to give you guidelines or steps on how you can turn 100$ to 1000$ or 1000$ to 1M$. We all know that 100% of the time we opened such post, we end up disappointed because nothing written in the post actually makes sense or is already what we all know. 📌📌I HAVE GOOD NEWS!! 💥To my fellow investors who are looking for opportunities to double their funds or invest for a better profit, we have an opportunity to be able to double our funds within the average of 45+ days or lower than that. This opportunity is provided by PIXEL which is yet to get to it's max/all time high. 💥PIXEL is trading on an average of 0.5 and it have maintained that position since it's launching and listing. it have also made a movement to 0.6 during its listing before slumping back to 0.5, which shows it has very low voitality. PIXEL community is massive, not just about the free open world games, it is also about the farming, exploration, and creation, so....... 💥PIXEL MUST HIT 1$ ; it's token is the native utility and governance token in the Pixels ecosystem, and used in the following functions: In-game currency: NFT Minting: All future NFT mints from Pixels will be in $PIXEL . VIP Membership: Users will be able to purchase VIP Battle Passes in $PIXEL . The 1$ is just inevitable, it's just about time and patience. 🌟THIS OPPORTUNITY IS ACTUALLY THE MONEY DOUBLING SCHEME THAT WE HAVE ALL BEEN LOOKING FOR... DON'T MISS OUT!! 🌟ALWAYS REMEMBER : 🟩GREEN means time to take out our money 🟥RED means time to invest in our money Stay Safe💜💜 #Write2Earn #strk #Portal #TrendingTopic #MATIC