ZkSync planning on token generation this week with airdrop in middle of June - Sources
ZkSync, an Ethereum Layer 2 network developed by Matter Labs, plans to host its token generation event (TGE) this week (May 20-25, 2024), two sources with knowledge of the matter told The Block.
The token launch, including an airdrop, will follow within the next 30 days after the TGE, the sources said. The token will have a total supply of 21 billion tokens, they added.
ZkSync is currently aiming at around June 13 for the airdrop, with the company noting that it would be before Blast's token airdrop on June 26, according to an internal message screenshot seen by The Block.
Nigeria plans strict rules for $57bn crypto businesses
The Nigerian government is set to implement stringent regulations for the country’s booming cryptocurrency industry, which is estimated to be worth a staggering $57 billion.
These new rules are expected to provide a framework that will enhance transparency and security within the crypto sector.
With the increasing popularity of cryptocurrencies in Nigeria, the government’s proactive approach is seen as a necessary step to safeguard investors and ensure the stability of the market.
The Nigerian government is set to implement stringent regulations for the country’s booming cryptocurrency industry, which is estimated to be worth a staggering $57 billion.
The move comes as authorities aim to address concerns over potential risks associated with digital currencies.
These new rules are expected to provide a framework that will enhance transparency and security within the crypto sector.
With the increasing popularity of cryptocurrencies in Nigeria, the government’s proactive approach is seen as a necessary step to safeguard investors and ensure the stability of the market.
Nigeria has experienced a significant increase in its volume of cryptocurrency transactions, reaching $56.7 billion between July 2022 and June 2023. This information comes from the 2023 Geography of Cryptocurrency Report, conducted by Chainalysis, an international blockchain analysis firm based in the United States of America.
According to sources, it has been revealed that the government is considering announcing a temporary suspension of P2P crypto trading in order to develop a comprehensive set of regulations for better oversight of the industry.
In an interview with Sunday PUNCH, the Chairman of BICCoN, Lucky Uwakwe, said that the group would be seeking to reach a middle ground with the regulator, which had so far this year introduced stiffer guidelines for digital asset operators, as well as a proposed increase in the registration fees.
Nigeria plans strict rules for $57bn crypto businesses
The Nigerian government is set to implement stringent regulations for the country’s booming cryptocurrency industry, which is estimated to be worth a staggering $57 billion.
These new rules are expected to provide a framework that will enhance transparency and security within the crypto sector.
With the increasing popularity of cryptocurrencies in Nigeria, the government’s proactive approach is seen as a necessary step to safeguard investors and ensure the stability of the market.
The Nigerian government is set to implement stringent regulations for the country’s booming cryptocurrency industry, which is estimated to be worth a staggering $57 billion.
The move comes as authorities aim to address concerns over potential risks associated with digital currencies.
These new rules are expected to provide a framework that will enhance transparency and security within the crypto sector.
With the increasing popularity of cryptocurrencies in Nigeria, the government’s proactive approach is seen as a necessary step to safeguard investors and ensure the stability of the market.
Nigeria has experienced a significant increase in its volume of cryptocurrency transactions, reaching $56.7 billion between July 2022 and June 2023. This information comes from the 2023 Geography of Cryptocurrency Report, conducted by Chainalysis, an international blockchain analysis firm based in the United States of America.
According to sources, it has been revealed that the government is considering announcing a temporary suspension of P2P crypto trading in order to develop a comprehensive set of regulations for better oversight of the industry.
In an interview with Sunday PUNCH, the Chairman of BICCoN, Lucky Uwakwe, said that the group would be seeking to reach a middle ground with the regulator, which had so far this year introduced stiffer guidelines for digital asset operators, as well as a proposed increase in the registration fees.
Binance Executive held in Nigeria prison together with Boko Haram terrorists and bandits.
Yuki Gambaryan, the wife of the detained Binance Holdings Limited executive, Tigran Gambaryan, hass told the US Parliament that the Nigerian Government kept her husband, Tigran Gambaryan, in Kuje prison together with Boko Haram terrorists and bandits.
Yuki, represented by her congressman, Rich McCormick, spoke at Tuesday’s House Foreign Affairs Committee roundtable on Americans detained abroad.
According to her, the husband has spent 65 days in custody.
Gambaryan and another company executive, Nadeem Anjarwalla, were detained on February 26 following an investigation into Binance’s activities in Nigeria.
Gambaryan’s wife stated that although she couldn’t speak on behalf of the company, she stressed that the charges against her husband were completely unfounded.
She said,” My husband and the father of our two young children, Tigrin, has been in Nigerian custody for 65 days, the longest two months of our lives. On February 25, he landed in Abuja at the Nigerian Government’s request for a financial compliance policy. This is what Tigran does. He helps countries navigate the notoriously prickly finance, crime, and compliance world.
“He spends his days investigating and pursuing criminal activity on Binance, his employer’s cryptocurrency platform. However, 24 hours after his arrival, he was arrested and detained without charge or explanation.
“Today, my husband sits in the notorious Kuje prison, a place that has held Militants from Boko Haram,” she said.
Gambaryan’s wife accused the Nigerian Government of using her husband as a bargaining chip, a situation she described as devastating.
She said, “Ironically, Tigran spent more than a decade as a special agent for the United States General Revolution Revenue Service, investigating issues of national security, terrorist financing, identity theft, distribution of tile pornography, tax evasion and more”.
Nigerian Govt sends Interpol after fleeing Binance Director
Minister of Information and National Orientation, Mohammed Idris on Monday said there is no hiding place for Nadeem Anjarwalla, a Director of Binance who escaped from custody and fled the country after he was detained by the Nigerian Government.
The minister said the International Police (Interpol) were currently on Anjarwalla’s trail.
Idris was reacting to the Binance executive’s escape from Nigeria.
According to Idris, since Binance is an international firm, there is no way the culprit will evade arrest.
His explanation came barely few hours after the Office of the National Security Adviser confirmed that Anjarwalla, a key suspect in the ongoing criminal investigation regarding Binance’s activities in Nigeria, managed to escape lawful custody on Friday, March 22nd, 2024.
In an official statement released by the Head of Strategic Communication for the Office of the National Security Adviser, Zakari Mijinyawa, it was explained that collaborative efforts between the office, relevant security agencies, various government bodies and the international community are already underway to swiftly locate and detain the fugitive.
The statement stressed that security agencies are working with Interpol for an international arrest warrant on the suspect as preliminary investigation shows that Anjarwalla fled Nigeria using a smuggled passport.
The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention.
Anjarwalla, who holds British and Kenyan nationalities and serves as Binance’s Africa regional manager, was being tried by Nigerian courts before he escaped while under a 14-day remand order issued by a court.
He was scheduled to appear before the court again on 4 April 2024.
The office of the National Security Advisers, ONSA, has confirmed the escape of the Binance regional manager for Africa, Nadeem Anjarwalla.
DAILY POST reports that Anjarwalla, Binance’s Africa regional manager, escaped from custody on March 22, 2024, from an Abuja guest house, where he and his colleague, Tigran Gambaryan, were detained for alleged tax evasion.
A statement issued by ONSA head of strategic communication, Zakari Mijinyawa, said Anjarwalla fled Nigeria using a smuggled passport”.
Mijinyawa said the personnel responsible for the custody of the suspect has been arrested and investigation has begun. “Preliminary investigation shows that Mr Anjarwalla fled Nigeria using a smuggled passport”.
“The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention,” the statement reads.
Meanwhile, Binance in reaction to the development said the safety of its Manager remains top priority. The firm stressed that it is working with the Nigerian authorities to resolve the issue.
#HotTrends #BTC $BTC Court orders Binance to disclose names of users to EFCC
ABUJA-The Federal High Court sitting in Abuja has ordered Binance Holdings Limited to release to the Economic and Financial Crimes Commission, EFCC, a comprehensive detail of all persons from Nigeria trading on its platform.“Binance is a cryptocurrency exchange platform that lists more than 350 digital currencies, which serve as alternative form of payment, using encryption algorithms. The government had earlier asked Binance for information on its top 100 users in the country, as well as all transaction history for the past six months. The governor of the Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, had on February 27, disclosed that about $26 billion passed through Binance from unidentified sources. In an abrupt move on March 8, the crypto firm discontinued all transactions in naira on its exchange platform, following reports that the government demanded $10bn as retribution for profiting from “its illegal transactions” in Nigeria. However, in an ex-parte motion it filed before the court, the EFCC said it would need a detailed data of Binance users in the country to aid its ongoing investigation on issues relating to money laundering and terrorism financing.“The ex-parte motion, marked: FHC/ABJ/CS/259/2024, was filed pursuant to Sections 6(b), (h), (I), 7(1), (a)(2), and 38 of the Economic and Financial Crimes Establishment Act, 2004 and Section 15 of the Money Laundering (Prevention and Prohibition) Act, 2022 (as amended) and the inherent powers of the court.