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BINANCE
The exchange rate between the naira and dollar plunged to N888/$1 on Binance a crypto platform.
Binance Chief Executive Officer issued a statement via his twitter account to say that “Binance Nigeria Limited is a scam.
Binance's native token, BNB, experienced a significant price drop, falling about 25% from June 5 to 12, reaching its lowest level since 2022.
Nigeria’s SEC Raises Concerns Over Binance Nigeria's Unauthorized Operations in the Cryptocurrency Market .
The regulatory scrutiny on Binance raises questions about the status of ecosystem tokens and emphasizes the need for clearer regulations and increased cooperation between industry players and regulators.
Bitcoin and the Crypto market dropped to record lows on June 5 Wall Street opened, as the United States securities regulator sued the world's largest crypto exchange
The naira rose against the dollar in the peer-to-peer trading market after unconfirmed reports that CBN's official exchange had been devalued to N631/$ from N461.6/$.
The naira currency gained one naira against the US dollar and settled at 758 naira/dollar against last week's high of 778 naira per dollar thus with a differential of N20/$
The Nigerian naira has fallen on Binance's P2P trading platform due to the country's deteriorating economy and drop in FDI.
Elon Musk recently changed Twitter's blue bird logo in favour of Shiba Inu's image as the symbol for dogecoin
Binance said that it will temporarily stop accepting dollar transactions on its platform come Wednesday, February 8th
The decision followed heavy withdrawals from customers who are worried about Binance's stability amid the FTX saga