LIVETriaxialTick5
@TriaxialTick5
Let me share my journey in the Web3 space. Back in 2017, I began researching various blockchain technologies and projects. It was an exciting time.
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Nigerian SEC set to issue crypto exchanges licenses to promote industry.
The Nigerian Securities and Exchange Commission (SEC) has revealed its plans to issue licenses to crypto exchanges in the country to complement the growing adoption of cryptocurrencies in the country.
In June the Nigerian SEC launched a new program aimed at speeding up the registration process of Virtual Assets Providers (VASPS).
SEC also announced amendments to its rules on Digital Assets Issuance, offering platforms, Exchanges, and Custody.
In an interview today on Bloomberg, Nigerian SEC Chief Emomotimi Agama reiterated his commitment to regulating cryptocurrency in Nigeria for the sake of young Nigerians who are neck deep into the industry.
“Being a crypto enthusiast and fintech enthusiast, I can tell you without doubt that this is going to happen sooner than you think.”
“We must support the youths of this country to be able to achieve the benefit that is accruable in fintech. The market size is huge and it is growing,”
Fast-growing crypto economy
Nigeria has one of the fastest-growing crypto economies in the world with a very high demand for crypto assets. This statistic has forced the hand of the Central Bank of Nigeria to lift restrictions on Nigerian banks facilitating cryptocurrency transactions after a ban that lasted for two years.
The Apex bank stated that it was improper to continue upholding stringent measures in a sector that is growing so fast and has massive potential.
Nigeria was named the second biggest economy in terms of crypto adoption last year and in August 2022 was named the most crypto-crazy country by volume of Google searches.
Crypto entities delist Naira peer-to-peer
Following the crackdown on crypto entities earlier this year, top exchanges have closed down Naira P2P and Naira withdrawals on their platforms.
Big crypto exchanges like OKX and Binance have delisted their Naira p2p trading following accusations of currency manipulation and money laundering from Nigerian Authorities.
The Nigerian SEC in its latest move to issue licenses to crypto exchanges is a 360-turnaround in policy following earlier crackdowns on crypto entities.
The SEC chief explained in his Bloomberg interview that the regulatory body wants to provide a platform where crypto dealings will be transparent and devoid of bad actors.
“The SEC wants to provide a platform where people can formally do these things and we are able to get all of the information that we need,”
“What we will not encourage is the use of cryptocurrency to manipulate our currency,” Agama said.
What to know : The Nigerian authorities are still locked in a spat with Binance Ltd over claims of money laundering and tax evasion. Tigran Gambaryan a Binance executive is still been detained by Nigerian authorities at the time of the report.
#NigeriaCryptoBan #NigeriaVsBinance #CryptoNewss
In June the Nigerian SEC launched a new program aimed at speeding up the registration process of Virtual Assets Providers (VASPS).
SEC also announced amendments to its rules on Digital Assets Issuance, offering platforms, Exchanges, and Custody.
In an interview today on Bloomberg, Nigerian SEC Chief Emomotimi Agama reiterated his commitment to regulating cryptocurrency in Nigeria for the sake of young Nigerians who are neck deep into the industry.
“Being a crypto enthusiast and fintech enthusiast, I can tell you without doubt that this is going to happen sooner than you think.”
“We must support the youths of this country to be able to achieve the benefit that is accruable in fintech. The market size is huge and it is growing,”
Fast-growing crypto economy
Nigeria has one of the fastest-growing crypto economies in the world with a very high demand for crypto assets. This statistic has forced the hand of the Central Bank of Nigeria to lift restrictions on Nigerian banks facilitating cryptocurrency transactions after a ban that lasted for two years.
The Apex bank stated that it was improper to continue upholding stringent measures in a sector that is growing so fast and has massive potential.
Nigeria was named the second biggest economy in terms of crypto adoption last year and in August 2022 was named the most crypto-crazy country by volume of Google searches.
Crypto entities delist Naira peer-to-peer
Following the crackdown on crypto entities earlier this year, top exchanges have closed down Naira P2P and Naira withdrawals on their platforms.
Big crypto exchanges like OKX and Binance have delisted their Naira p2p trading following accusations of currency manipulation and money laundering from Nigerian Authorities.
The Nigerian SEC in its latest move to issue licenses to crypto exchanges is a 360-turnaround in policy following earlier crackdowns on crypto entities.
The SEC chief explained in his Bloomberg interview that the regulatory body wants to provide a platform where crypto dealings will be transparent and devoid of bad actors.
“The SEC wants to provide a platform where people can formally do these things and we are able to get all of the information that we need,”
“What we will not encourage is the use of cryptocurrency to manipulate our currency,” Agama said.
What to know : The Nigerian authorities are still locked in a spat with Binance Ltd over claims of money laundering and tax evasion. Tigran Gambaryan a Binance executive is still been detained by Nigerian authorities at the time of the report.
#NigeriaCryptoBan #NigeriaVsBinance #CryptoNewss
We can’t run away from cryptocurrency – FIRS
The Federal Inland Revenue Service (FIRS) has said from September, there would be a law to take care of existing gaps in revenue collection, including providing a legal and regulatory framework for the operation of cryptocurrency.
Executive Chairman of the service, Dr. Zacch Adedeji, said the country can no longer run away from cryptocurrency, a form of digital currency exchange which is an alternative form of payment using encryption algorithm.
Amidst calls for the regulatory framework as the cryptocurrency business evolves, the FIRS boss said the service is working on latching unto that space to boost its revenue collection in its new law.
He spoke in Lagos during a stakeholders’ engagement with the Senate and House of Representatives Committees on Finance organised by the Intergovernmental Relations Department.
The theme of the engagement was “Repositioning the FIRS to achieve its mandate.”
According to the Chairman, cryptocurrency has become a global payment system which Nigeria must embrace in a manner that would not be injurious to the economy of the country.
This is why he stated that the new law would be in place to capture crypto regulations and also address other gaps in the existing laws like the Stamp Duty which has become outdated.
He said, “The plan first is to have the law that regulates it and that is why we are here with the legislators which would be the base of charging as it’s done in other places in the world when you have this new innovation or system you just have to get ready for it. You can’t go away from it, you just have to plan to regulate it in such a way that it is not injurious to the economic development of Nigeria.”
He stated that for instance, the country is still using a Stamp Duty law of 1939 when there were no states or local governments.
“That is one reason why Mr. President set up the Tax and Fiscal Reform Committee to change and check all these laws. By God’s grace the new law will come by September and all those concerns will be addressed,” he added.
#NigeriaCryptoBan #NigeriaVsBinance #crypto #TaxProposal
Executive Chairman of the service, Dr. Zacch Adedeji, said the country can no longer run away from cryptocurrency, a form of digital currency exchange which is an alternative form of payment using encryption algorithm.
Amidst calls for the regulatory framework as the cryptocurrency business evolves, the FIRS boss said the service is working on latching unto that space to boost its revenue collection in its new law.
He spoke in Lagos during a stakeholders’ engagement with the Senate and House of Representatives Committees on Finance organised by the Intergovernmental Relations Department.
The theme of the engagement was “Repositioning the FIRS to achieve its mandate.”
According to the Chairman, cryptocurrency has become a global payment system which Nigeria must embrace in a manner that would not be injurious to the economy of the country.
This is why he stated that the new law would be in place to capture crypto regulations and also address other gaps in the existing laws like the Stamp Duty which has become outdated.
He said, “The plan first is to have the law that regulates it and that is why we are here with the legislators which would be the base of charging as it’s done in other places in the world when you have this new innovation or system you just have to get ready for it. You can’t go away from it, you just have to plan to regulate it in such a way that it is not injurious to the economic development of Nigeria.”
He stated that for instance, the country is still using a Stamp Duty law of 1939 when there were no states or local governments.
“That is one reason why Mr. President set up the Tax and Fiscal Reform Committee to change and check all these laws. By God’s grace the new law will come by September and all those concerns will be addressed,” he added.
#NigeriaCryptoBan #NigeriaVsBinance #crypto #TaxProposal
Hamster Kombat Launches Airdrop Allocation Points
On August 8th, Hamster Kombat updated its Telegram Mini App, providing more details about the much-anticipated $HMSTR airdrop weeks after revealing its first airdrop tasks. The game now features a dedicated airdrop section, outlining how players can accumulate points and qualify for a larger share of the tokens. Hamster Kombat’s Airdrop Allocation Points are the cumulative .
Key Airdrop Criteria for Allocation Points
Passive Income: Players who generate passive income within the game will see a significant boost in their airdrop points. This involves investing in in-game assets that work for you, earning rewards over time.Earn Tasks: Social media engagement plays a crucial role. Players who complete Earn tasks by interacting with Hamster Kombat’s content will gain additional points. This encourages players to be active on social platforms, spreading the word about the game.Achievements: Every achievement, whether common or unique, contributes to your points. The more achievements you unlock, the higher your position on the airdrop leaderboard.Telegram Subscriptions: Having a premium Telegram subscription is another way to climb the leaderboard. Active subscribers will earn extra points, giving them a better chance at securing a substantial airdrop allocation.Keys: Golden keys are special assets within the game that can open fortune locks, representing opportunities for greater rewards. Players with golden keys will receive additional points, boosting their eligibility.Referrals: The community aspect is vital. Players who refer friends to the game will earn points, not just for themselves but for their contributions to growing the Hamster Kombat community.
#HMSTR #airdops
On August 8th, Hamster Kombat updated its Telegram Mini App, providing more details about the much-anticipated $HMSTR airdrop weeks after revealing its first airdrop tasks. The game now features a dedicated airdrop section, outlining how players can accumulate points and qualify for a larger share of the tokens. Hamster Kombat’s Airdrop Allocation Points are the cumulative .
Key Airdrop Criteria for Allocation Points
Passive Income: Players who generate passive income within the game will see a significant boost in their airdrop points. This involves investing in in-game assets that work for you, earning rewards over time.Earn Tasks: Social media engagement plays a crucial role. Players who complete Earn tasks by interacting with Hamster Kombat’s content will gain additional points. This encourages players to be active on social platforms, spreading the word about the game.Achievements: Every achievement, whether common or unique, contributes to your points. The more achievements you unlock, the higher your position on the airdrop leaderboard.Telegram Subscriptions: Having a premium Telegram subscription is another way to climb the leaderboard. Active subscribers will earn extra points, giving them a better chance at securing a substantial airdrop allocation.Keys: Golden keys are special assets within the game that can open fortune locks, representing opportunities for greater rewards. Players with golden keys will receive additional points, boosting their eligibility.Referrals: The community aspect is vital. Players who refer friends to the game will earn points, not just for themselves but for their contributions to growing the Hamster Kombat community.
#HMSTR #airdops
Binance exec denied legal counsel as health declines
Binance exec Tigran Gambaryan is reportedly being denied legal counsel and healthcare while detained on criminal allegations in Nigeria.
Gambaryan was wheeled into an Abuja court during his last hearing on July 16 after his health deteriorated while in Kuje prison. Federal High Court judge Emeka Nwite signed an arrest warrant for the facility’s medical doctor.
However, according to his family, punitive measures have done little to aid the arrested Binance executive. A statement shared with crypto.news on Aug. 12 said Gambaryan was bedridden due to several back issues and other health concerns.
“I am begging the Nigerian government to please release him so that he can come home and receive the medical treatment he urgently needs before it is too late,” said Yuki Gambaryan, partner of the detained crypto exchange employee.
By the time of his next hearing on Oct. 11, Gambaryan will have been incarcerated for over six months amid an ongoing legal showdown between Nigerian authorities and Binance, the largest centralized crypto exchange in the world.
U.S. politicians called on President Joe Biden to address the situation, as Gambaryan is an American citizen and a former IRS agent. “We fear for his life,” wrote members of Congress in June as the month-long debacle continued.
The case against Gambaryan is part of a larger crackdown on crypto exchanges in the African nation. Nigeria has seen an exodus of platforms, especially in the peer-to-peer crypto market. Digital asset service providers like Binance, KuCoin, and OKX have shuttered P2P trading in the country and limited facilities in some cases.
#NigeriaVsBinance #NigeriaCryptoBan
Binance exec Tigran Gambaryan is reportedly being denied legal counsel and healthcare while detained on criminal allegations in Nigeria.
Gambaryan was wheeled into an Abuja court during his last hearing on July 16 after his health deteriorated while in Kuje prison. Federal High Court judge Emeka Nwite signed an arrest warrant for the facility’s medical doctor.
However, according to his family, punitive measures have done little to aid the arrested Binance executive. A statement shared with crypto.news on Aug. 12 said Gambaryan was bedridden due to several back issues and other health concerns.
“I am begging the Nigerian government to please release him so that he can come home and receive the medical treatment he urgently needs before it is too late,” said Yuki Gambaryan, partner of the detained crypto exchange employee.
By the time of his next hearing on Oct. 11, Gambaryan will have been incarcerated for over six months amid an ongoing legal showdown between Nigerian authorities and Binance, the largest centralized crypto exchange in the world.
U.S. politicians called on President Joe Biden to address the situation, as Gambaryan is an American citizen and a former IRS agent. “We fear for his life,” wrote members of Congress in June as the month-long debacle continued.
The case against Gambaryan is part of a larger crackdown on crypto exchanges in the African nation. Nigeria has seen an exodus of platforms, especially in the peer-to-peer crypto market. Digital asset service providers like Binance, KuCoin, and OKX have shuttered P2P trading in the country and limited facilities in some cases.
#NigeriaVsBinance #NigeriaCryptoBan
#MarketDownturn 📉
Crypto's in the dumps again! 😅 Whales are probably chilling in their underwater mansions, sipping on overpriced bubbly. Meanwhile, we're left wondering if we accidentally bought shares in a roller coaster instead of a crypto project. 🤦♂️
Jokes aside, the recent market drop is likely due to a combination of factors like:
* Regulatory uncertainty: Governments worldwide are still trying to figure out how to deal with crypto, which creates some nervousness among investors.
* Macroeconomic factors: High-interest rates and fears of a global recession are causing investors to be more cautious.
* Market sentiment: Sometimes, the market just gets scared, and people start selling, leading to a domino effect.
Strategies for Capitalizing on the Downturn:
* Dollar-cost averaging (DCA): Keep buying small amounts regularly, regardless of the price. This strategy helps reduce the impact of market volatility.
* Focus on quality projects: Do your research and invest in projects with strong fundamentals and a real-world use case.
* Diversification: Don't put all your eggs in one basket. Spread your investments across different cryptocurrencies to reduce risk.
Tips for Staying Strong:
* Keep your emotions in check: Don't panic sell or make impulsive decisions.
* Remember, the market is cyclical: There will be ups and downs. Stay patient and focused on your long-term goals.
* Take a break if you need to: It's okay to step away from the market for a while if it's causing you too much stress.
Remember, this dip is a buying opportunity for those with a long-term vision. 💎🙌
Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always do your own research before investing in cryptocurrencies.
#CryptoMarketMoves #MarketDownturn
Crypto's in the dumps again! 😅 Whales are probably chilling in their underwater mansions, sipping on overpriced bubbly. Meanwhile, we're left wondering if we accidentally bought shares in a roller coaster instead of a crypto project. 🤦♂️
Jokes aside, the recent market drop is likely due to a combination of factors like:
* Regulatory uncertainty: Governments worldwide are still trying to figure out how to deal with crypto, which creates some nervousness among investors.
* Macroeconomic factors: High-interest rates and fears of a global recession are causing investors to be more cautious.
* Market sentiment: Sometimes, the market just gets scared, and people start selling, leading to a domino effect.
Strategies for Capitalizing on the Downturn:
* Dollar-cost averaging (DCA): Keep buying small amounts regularly, regardless of the price. This strategy helps reduce the impact of market volatility.
* Focus on quality projects: Do your research and invest in projects with strong fundamentals and a real-world use case.
* Diversification: Don't put all your eggs in one basket. Spread your investments across different cryptocurrencies to reduce risk.
Tips for Staying Strong:
* Keep your emotions in check: Don't panic sell or make impulsive decisions.
* Remember, the market is cyclical: There will be ups and downs. Stay patient and focused on your long-term goals.
* Take a break if you need to: It's okay to step away from the market for a while if it's causing you too much stress.
Remember, this dip is a buying opportunity for those with a long-term vision. 💎🙌
Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always do your own research before investing in cryptocurrencies.
#CryptoMarketMoves #MarketDownturn
1 $DOGS = $0.004 Pre-Market
TON Network
Drop your $DOGS invite link if you have less than 10K $DOGS points 👇
#Airdrops_free #mememcoinseason2024 #ton_blockchain
TON Network
Drop your $DOGS invite link if you have less than 10K $DOGS points 👇
#Airdrops_free #mememcoinseason2024 #ton_blockchain
Founder and CEO, Telegram, Pavel Durov, Narrates how he had 100 biological children around the world despite being unmarried.
The 39-year-old entrepreneur made this known through his popular channel on Monday evening.According to him, despite his preference to remain single and alone, 15 years ago, his friend (unnamed) approached him to give his sperm in a clinic, which he acceded to and resulted in him helping over 12 families all over the world have kids due to what he described as ”high-quality donor material’.Narrating, he said, “I was just told that I have over 100 biological kids. How is this possible for a guy who has never been married and prefers to live alone?
“Fifteen years ago, a friend approached me with a weird request. He said that he and his wife couldn’t have kids due to a fertility issue and asked me to give sperm at a clinic for them to have a baby. I laughed my ass off before realising he was dead serious.“The boss of the clinic told me that ‘high-quality donor material’ was in short supply and that it was my civic duty to give more sperm to anonymously help more couples. This sounded crazy enough to get me to sign up for sperm donation.“Fast forward to 2024, my past giving activity has helped over a hundred couples in 12 countries to have kids. Moreover, many years after I stopped being a donor, at least one IVF clinic still has my frozen sperm available for anonymous use by families who want to have kids.”He hinted that he would plan to open-source his DNA so that his biological children could easily find him, stressing, “Of course, there are risks, but I don’t regret having been a donor. The shortage of healthy sperm has become an increasingly serious issue worldwide, and I’m proud that I did my part to help alleviate it.”The Telegram founder is a Russian-born Emirati entrepreneur. In 2022, he was recognized as the richest expat in the United Arab Emirates, according to Forbes. In February 2023, Arabian Business named him the most powerful entrepreneur in Dubai. #Telegram #offtopic
The 39-year-old entrepreneur made this known through his popular channel on Monday evening.According to him, despite his preference to remain single and alone, 15 years ago, his friend (unnamed) approached him to give his sperm in a clinic, which he acceded to and resulted in him helping over 12 families all over the world have kids due to what he described as ”high-quality donor material’.Narrating, he said, “I was just told that I have over 100 biological kids. How is this possible for a guy who has never been married and prefers to live alone?
“Fifteen years ago, a friend approached me with a weird request. He said that he and his wife couldn’t have kids due to a fertility issue and asked me to give sperm at a clinic for them to have a baby. I laughed my ass off before realising he was dead serious.“The boss of the clinic told me that ‘high-quality donor material’ was in short supply and that it was my civic duty to give more sperm to anonymously help more couples. This sounded crazy enough to get me to sign up for sperm donation.“Fast forward to 2024, my past giving activity has helped over a hundred couples in 12 countries to have kids. Moreover, many years after I stopped being a donor, at least one IVF clinic still has my frozen sperm available for anonymous use by families who want to have kids.”He hinted that he would plan to open-source his DNA so that his biological children could easily find him, stressing, “Of course, there are risks, but I don’t regret having been a donor. The shortage of healthy sperm has become an increasingly serious issue worldwide, and I’m proud that I did my part to help alleviate it.”The Telegram founder is a Russian-born Emirati entrepreneur. In 2022, he was recognized as the richest expat in the United Arab Emirates, according to Forbes. In February 2023, Arabian Business named him the most powerful entrepreneur in Dubai. #Telegram #offtopic
Meta will appeal $220m fine by FCCPC
#MetaverseLife #meta #NigeriaCryptoBan
Affiliate Company has said its parent body, Meta, will be appealing the $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) regarding its violation of Nigeria’s data privacy laws.
The organisation, said this in a statement made available to the News Agency of Nigeria on Saturday in Lagos.
It said: “We disagree with the decision today as well as the fine and Meta will be appealing the decision.
“In 2021, we went to users globally to explain how talking to businesses among other things would work and while there was a lot of confusion then, it has actually proven quite popular.”
#MetaverseLife #meta #NigeriaCryptoBan
Affiliate Company has said its parent body, Meta, will be appealing the $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) regarding its violation of Nigeria’s data privacy laws.
The organisation, said this in a statement made available to the News Agency of Nigeria on Saturday in Lagos.
It said: “We disagree with the decision today as well as the fine and Meta will be appealing the decision.
“In 2021, we went to users globally to explain how talking to businesses among other things would work and while there was a lot of confusion then, it has actually proven quite popular.”
Bitcoin miners’ AI push will send price to $200K - Bernstein.
Will Bitcoin hit $200,000 by next year?
Bernstein says yes!
But with a little help.
Forget about mass adoption or solving world hunger.
There's a new theory for why Bitcoin will moon: Artificial Intelligence.
According to analysts at Bernstein, AI could be the key to sending Bitcoin prices soaring to $200,000 by next year.
Let’s compare Bitcoin mining to the 19th-century ice industry.
Just as ice production inadvertently spurred the development of electrical grids, Bitcoin mining could pave the way for a more robust infrastructure to support AI's immense power demands.
#CPI_BTC_Watch #BinanceTurns7 #bitcoin☀️
Will Bitcoin hit $200,000 by next year?
Bernstein says yes!
But with a little help.
Forget about mass adoption or solving world hunger.
There's a new theory for why Bitcoin will moon: Artificial Intelligence.
According to analysts at Bernstein, AI could be the key to sending Bitcoin prices soaring to $200,000 by next year.
Let’s compare Bitcoin mining to the 19th-century ice industry.
Just as ice production inadvertently spurred the development of electrical grids, Bitcoin mining could pave the way for a more robust infrastructure to support AI's immense power demands.
#CPI_BTC_Watch #BinanceTurns7 #bitcoin☀️
Nigeria's detainment of Binance Executives sets dangerous precedent, CEO warns
Richard Teng, CEO of Binance, condemned Nigeria's detention of two of its executives during a crackdown on cryptocurrency.
Teng revealed that Binance executives initially engaged in discussions with Nigerian authorities in January, followed by a subsequent meeting on February 26. During this meeting,
Nigerian authorities labeled the issues concerning Binance as matters of national security. They demanded the delisting of the naira currency from Binance's platform and requested detailed information on all Nigerian users.
The detention of Gambaryan and Anjarwalla after collaborative meetings with Nigerian authorities was strongly condemned by Teng. He stated that this action sets a dangerous precedent for companies worldwide.
Binance halted all transactions and trading in naira in early March in response to the situation, with the hope that their colleagues would be released and dialogue with the Nigerian government could continue.
Teng emphasized the need for Gambaryan's release and expressed Binance's commitment to resolving any issues with Nigerian authorities, including engaging with the Federal Inland Revenue Service (FIRS) on potential historic tax liabilities.
#BinanceTurns7 #NigeriaCryptoBan #NigeriaVsBinance
Richard Teng, CEO of Binance, condemned Nigeria's detention of two of its executives during a crackdown on cryptocurrency.
Teng revealed that Binance executives initially engaged in discussions with Nigerian authorities in January, followed by a subsequent meeting on February 26. During this meeting,
Nigerian authorities labeled the issues concerning Binance as matters of national security. They demanded the delisting of the naira currency from Binance's platform and requested detailed information on all Nigerian users.
The detention of Gambaryan and Anjarwalla after collaborative meetings with Nigerian authorities was strongly condemned by Teng. He stated that this action sets a dangerous precedent for companies worldwide.
Binance halted all transactions and trading in naira in early March in response to the situation, with the hope that their colleagues would be released and dialogue with the Nigerian government could continue.
Teng emphasized the need for Gambaryan's release and expressed Binance's commitment to resolving any issues with Nigerian authorities, including engaging with the Federal Inland Revenue Service (FIRS) on potential historic tax liabilities.
#BinanceTurns7 #NigeriaCryptoBan #NigeriaVsBinance
From BNB to the Moon: A Tale of Survey Rewards.
Remember the days when BNB was just a humble $30? 🌙 Ah, sweet nostalgia! Let me take you back to that magical time when I was a crypto tadpole, swimming in the shallow pools of the blockchain.
---
📅 **Six Months Ago**
I received an email from Binance: "Participate in our survey and earn 3 BNB!" My heart raced. Three whole BNB? That's like finding a golden ticket to Willy Wonka's crypto factory. I clicked faster than a DeFi yield farmer chasing the latest APY.
The survey was straightforward. Questions like, "How many times have you accidentally sent your crypto to the wrong address?" and "Do you prefer hodling or moonshot trading?" I answered with the enthusiasm of a Shiba Inu meme.
---
🚀 **Fast Forward to the Moon**
Six months later, BNB had morphed into a majestic rocket ship. It soared past $300 like a caffeinated kangaroo on steroids. My 3 BNB? Now worth enough to buy a small moon base. 🌕
I strutted around like a crypto peacock. Friends asked, "How did you get so rich?" I'd lean in, whispering, "Binance survey, my friend. The secret sauce."
---
🔍 **The Search for More Surveys**
I scoured my inbox for more survey invitations. "Rate our UI for 0.001 BNB!" I clicked. "Predict the next bull run for 0.002 BNB!" I clicked harder. I even took a survey about surveys (meta, I know).
---
🤑 **The Moral of the Story**
Life lesson: Never underestimate the power of a seemingly insignificant reward. That 3 BNB? It taught me that sometimes, the smallest seeds grow into the mightiest oak trees. Or in this case, the most intergalactic crypto rockets.
So next time you see a survey, my fellow crypto voyager, don't scoff. Click that button. Who knows? Maybe one day, you'll be sipping moon martinis with Elon Musk, reminiscing about the good ol' days when BNB was just $30.
---
*Disclaimer: This post is not financial advice. BNB prices can be as unpredictable as a cat riding a unicycle.*
---
**#CryptoLife #BNBToTheMoon #BinanceTurns7 #SurveyRewards** 🌟
---
📅 **Six Months Ago**
I received an email from Binance: "Participate in our survey and earn 3 BNB!" My heart raced. Three whole BNB? That's like finding a golden ticket to Willy Wonka's crypto factory. I clicked faster than a DeFi yield farmer chasing the latest APY.
The survey was straightforward. Questions like, "How many times have you accidentally sent your crypto to the wrong address?" and "Do you prefer hodling or moonshot trading?" I answered with the enthusiasm of a Shiba Inu meme.
---
🚀 **Fast Forward to the Moon**
Six months later, BNB had morphed into a majestic rocket ship. It soared past $300 like a caffeinated kangaroo on steroids. My 3 BNB? Now worth enough to buy a small moon base. 🌕
I strutted around like a crypto peacock. Friends asked, "How did you get so rich?" I'd lean in, whispering, "Binance survey, my friend. The secret sauce."
---
🔍 **The Search for More Surveys**
I scoured my inbox for more survey invitations. "Rate our UI for 0.001 BNB!" I clicked. "Predict the next bull run for 0.002 BNB!" I clicked harder. I even took a survey about surveys (meta, I know).
---
🤑 **The Moral of the Story**
Life lesson: Never underestimate the power of a seemingly insignificant reward. That 3 BNB? It taught me that sometimes, the smallest seeds grow into the mightiest oak trees. Or in this case, the most intergalactic crypto rockets.
So next time you see a survey, my fellow crypto voyager, don't scoff. Click that button. Who knows? Maybe one day, you'll be sipping moon martinis with Elon Musk, reminiscing about the good ol' days when BNB was just $30.
---
*Disclaimer: This post is not financial advice. BNB prices can be as unpredictable as a cat riding a unicycle.*
---
**#CryptoLife #BNBToTheMoon #BinanceTurns7 #SurveyRewards** 🌟
How Nigerian Binance users transact business – Witness
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, Tigran Gambaryan, said this in his testimony before the trial judge, Emeka Nwite, of the Federal High Court, Abuja.
Led in evidence by EFCC’s lawyer, Ekele Iheanacho, the witness who heads the Payment Policy and Regulation Division in the Payments System Management Department of the CBN, said the bank did not issue any licence to the cryptocurrency firm to operate in Nigeria.
“In the course of carrying out our operations, we normally monitor development within the SEC (Securities and Exchange Commission), monitoring the activities of payment service providers and the usage of the payment system.
“We observed in doing that that Binance provides a trading platform where users trade virtual assets.
“And to consummate their transactions for the purpose of settlement of payments, the users make use of the payment system for the purpose of transferring or making payment to one another.
“These traders normally trade in pseudo-names (pseudonyms) that hide their identities and they are not authorised by the CBN” .
He said they discovered that platform users received and made payments or transferred payments to one another using the payment system to consummate transactions on Binance Peer-to-Peer (P2P) platform.
Binance documents
Submission of certified true copies of documents made available to SEC by Binance, which was equally made available to the investigating team at the office of the National Security Adviser, and pages generated on the firm’s website were tendered in evidence and marked as Exhibits 8 and 9 by the judge.
Mr Akinwumi said that Page 2 of Exhibit 8 introduced Binance as the world’s leading crypto exchange, with users from over 190 countries.
“They have the full address of the website on the page, which is https://www.binance.com.
“Binance has what is called Binance Academy. That is on page 16 of Exhibit 8.
“Generally, Exhibit 9 explains to Nigerians on how to deposit Naira in the Nigerians wallet on the Binance platform.”
“So, as I explained earlier, Binance maintains accounts and needs revenue for its services.
“Page 2 of Exhibit 9, under the Fiat Section, shows the rates applied for regular users.”
After giving his evidence, the judge, Mr Nwite, adjourned the matter until 16 July for cross-examination of the witness.
(NAN)
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, Tigran Gambaryan, said this in his testimony before the trial judge, Emeka Nwite, of the Federal High Court, Abuja.
Led in evidence by EFCC’s lawyer, Ekele Iheanacho, the witness who heads the Payment Policy and Regulation Division in the Payments System Management Department of the CBN, said the bank did not issue any licence to the cryptocurrency firm to operate in Nigeria.
“In the course of carrying out our operations, we normally monitor development within the SEC (Securities and Exchange Commission), monitoring the activities of payment service providers and the usage of the payment system.
“We observed in doing that that Binance provides a trading platform where users trade virtual assets.
“And to consummate their transactions for the purpose of settlement of payments, the users make use of the payment system for the purpose of transferring or making payment to one another.
“These traders normally trade in pseudo-names (pseudonyms) that hide their identities and they are not authorised by the CBN” .
He said they discovered that platform users received and made payments or transferred payments to one another using the payment system to consummate transactions on Binance Peer-to-Peer (P2P) platform.
Binance documents
Submission of certified true copies of documents made available to SEC by Binance, which was equally made available to the investigating team at the office of the National Security Adviser, and pages generated on the firm’s website were tendered in evidence and marked as Exhibits 8 and 9 by the judge.
Mr Akinwumi said that Page 2 of Exhibit 8 introduced Binance as the world’s leading crypto exchange, with users from over 190 countries.
“They have the full address of the website on the page, which is https://www.binance.com.
“Binance has what is called Binance Academy. That is on page 16 of Exhibit 8.
“Generally, Exhibit 9 explains to Nigerians on how to deposit Naira in the Nigerians wallet on the Binance platform.”
“So, as I explained earlier, Binance maintains accounts and needs revenue for its services.
“Page 2 of Exhibit 9, under the Fiat Section, shows the rates applied for regular users.”
After giving his evidence, the judge, Mr Nwite, adjourned the matter until 16 July for cross-examination of the witness.
(NAN)
From BNB to the Moon: A Tale of Survey Rewards
---
Remember the days when BNB was just a humble $30? 🌙 Ah, sweet nostalgia! Let me take you back to that magical time when I was a crypto tadpole, swimming in the shallow pools of the blockchain.
---
📅 **Six Months Ago**
I received an email from Binance: "Participate in our survey and earn 3 BNB!" My heart raced. Three whole BNB? That's like finding a golden ticket to Willy Wonka's crypto factory. I clicked faster than a DeFi yield farmer chasing the latest APY.
The survey was straightforward. Questions like, "How many times have you accidentally sent your crypto to the wrong address?" and "Do you prefer hodling or moonshot trading?" I answered with the enthusiasm of a Shiba Inu meme.
---
🚀 **Fast Forward to the Moon**
Six months later, BNB had morphed into a majestic rocket ship. It soared past $300 like a caffeinated kangaroo on steroids. My 3 BNB? Now worth enough to buy a small moon base. 🌕
I strutted around like a crypto peacock. Friends asked, "How did you get so rich?" I'd lean in, whispering, "Binance survey, my friend. The secret sauce."
---
🔍 **The Search for More Surveys**
I scoured my inbox for more survey invitations. "Rate our UI for 0.001 BNB!" I clicked. "Predict the next bull run for 0.002 BNB!" I clicked harder. I even took a survey about surveys (meta, I know).
---
🤑 **The Moral of the Story**
Life lesson: Never underestimate the power of a seemingly insignificant reward. That 3 BNB? It taught me that sometimes, the smallest seeds grow into the mightiest oak trees. Or in this case, the most intergalactic crypto rockets.
So next time you see a survey, my fellow crypto voyager, don't scoff. Click that button. Who knows? Maybe one day, you'll be sipping moon martinis with Elon Musk, reminiscing about the good ol' days when BNB was just $30.
---
*Disclaimer: This post is not financial advice. BNB prices can be as unpredictable as a cat riding a unicycle.*
---
🌟 **#CryptoLife #BNBToTheMoon #BinanceTurns7 #SurveyRewards** 🌟
---
Remember the days when BNB was just a humble $30? 🌙 Ah, sweet nostalgia! Let me take you back to that magical time when I was a crypto tadpole, swimming in the shallow pools of the blockchain.
---
📅 **Six Months Ago**
I received an email from Binance: "Participate in our survey and earn 3 BNB!" My heart raced. Three whole BNB? That's like finding a golden ticket to Willy Wonka's crypto factory. I clicked faster than a DeFi yield farmer chasing the latest APY.
The survey was straightforward. Questions like, "How many times have you accidentally sent your crypto to the wrong address?" and "Do you prefer hodling or moonshot trading?" I answered with the enthusiasm of a Shiba Inu meme.
---
🚀 **Fast Forward to the Moon**
Six months later, BNB had morphed into a majestic rocket ship. It soared past $300 like a caffeinated kangaroo on steroids. My 3 BNB? Now worth enough to buy a small moon base. 🌕
I strutted around like a crypto peacock. Friends asked, "How did you get so rich?" I'd lean in, whispering, "Binance survey, my friend. The secret sauce."
---
🔍 **The Search for More Surveys**
I scoured my inbox for more survey invitations. "Rate our UI for 0.001 BNB!" I clicked. "Predict the next bull run for 0.002 BNB!" I clicked harder. I even took a survey about surveys (meta, I know).
---
🤑 **The Moral of the Story**
Life lesson: Never underestimate the power of a seemingly insignificant reward. That 3 BNB? It taught me that sometimes, the smallest seeds grow into the mightiest oak trees. Or in this case, the most intergalactic crypto rockets.
So next time you see a survey, my fellow crypto voyager, don't scoff. Click that button. Who knows? Maybe one day, you'll be sipping moon martinis with Elon Musk, reminiscing about the good ol' days when BNB was just $30.
---
*Disclaimer: This post is not financial advice. BNB prices can be as unpredictable as a cat riding a unicycle.*
---
🌟 **#CryptoLife #BNBToTheMoon #BinanceTurns7 #SurveyRewards** 🌟
Rare Binance Skateboard for sale!
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Price Negotiable .
Pay with Binance Pay.
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#Binance reacts as FG drops tax charges against executives.
Crypto exchange platform, Binance has expressed relief as the Federal High Court in Abuja cleared its executives, Tigran Gambaryan, and Nadeem Anjarwalla, of tax evasion charges filed by the Federal Inland Revenue Service.
The court’s decision came on Friday after the FIRS submitted amended charges that effectively dropped the tax evasion allegations against Gambaryan and Anjarwalla, who absconded to Kenya.
This change followed Binance’s notification of appointing a Nigerian representative, Ayodele Omotilewa, to handle its local operations. The original charges, filed on March 22, 2024, accused Binance and Gambaryan of tax evasion.
In a shared note with The PUNCH, the platform said it was relieved that tax charges against Gambaryan and Anjarwalla have been dropped because they are decision-makers at the company.
The platform said, “We are relieved that the Federal Inland Revenue Service (FIRS) has served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped.
“This further illustrates that Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government. We await the court’s ruling on this, discharging Tigran from this matter completely.”
“We commend the FIRS for their diligence and professionalism throughout this process. This situation unequivocally demonstrates Binance’s commitment to resolving this issue with the government transparently and cooperatively.
“Tigran has been detained for 110 days, and his physical health is deteriorating, including a recent malaria and pneumonia diagnosis. Binance is committed to continuing to work with the Nigerian government to resolve this,” Binance added.
On June 20, the EFCC trial is due to continue, while Tigran will remain detained at Kuje prison.
Since Tigran collapsed in court on May 23rd with Malaria, his health conditions have worsened and Tigran now has pneumonia.
#NigeriaCryptoBan #NigeriaVsBinance
Crypto exchange platform, Binance has expressed relief as the Federal High Court in Abuja cleared its executives, Tigran Gambaryan, and Nadeem Anjarwalla, of tax evasion charges filed by the Federal Inland Revenue Service.
The court’s decision came on Friday after the FIRS submitted amended charges that effectively dropped the tax evasion allegations against Gambaryan and Anjarwalla, who absconded to Kenya.
This change followed Binance’s notification of appointing a Nigerian representative, Ayodele Omotilewa, to handle its local operations. The original charges, filed on March 22, 2024, accused Binance and Gambaryan of tax evasion.
In a shared note with The PUNCH, the platform said it was relieved that tax charges against Gambaryan and Anjarwalla have been dropped because they are decision-makers at the company.
The platform said, “We are relieved that the Federal Inland Revenue Service (FIRS) has served and filed amended charges today, resulting in tax charges against Tigran Gambaryan being dropped.
“This further illustrates that Tigran is not a decision-maker at Binance and does not need to be held in order for Binance to resolve issues with the Nigerian government. We await the court’s ruling on this, discharging Tigran from this matter completely.”
“We commend the FIRS for their diligence and professionalism throughout this process. This situation unequivocally demonstrates Binance’s commitment to resolving this issue with the government transparently and cooperatively.
“Tigran has been detained for 110 days, and his physical health is deteriorating, including a recent malaria and pneumonia diagnosis. Binance is committed to continuing to work with the Nigerian government to resolve this,” Binance added.
On June 20, the EFCC trial is due to continue, while Tigran will remain detained at Kuje prison.
Since Tigran collapsed in court on May 23rd with Malaria, his health conditions have worsened and Tigran now has pneumonia.
#NigeriaCryptoBan #NigeriaVsBinance
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.
#pizzaday #binance #airdrop #ZkSync
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.
#pizzaday #binance #airdrop #ZkSync
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.
#CryptoWatchMay2024 #BTC #CryptoBanDebate
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.
#CryptoWatchMay2024 #BTC #CryptoBanDebate
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.
#CryptoWatchMay2024 #BTC #CryptoBanDebate
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.
#CryptoWatchMay2024 #BTC #CryptoBanDebate