#2024withBinance Binance has always been a reliable and trustworthy partner. A trendsetter . Where Binance goes , other exchanges follow. Just like in 2024 Thank you. Binance!
🚀🧠 **Exploring DIN: Empowering User Data for AI** 🧠🚀
Ever wondered if your data could do more than fill up your phone storage? Well, DIN’s here to make your data work harder than a caffeinated programmer! ☕💻 🔹 **Empowering Users**: With DIN, you’re not just a data point; you’re a data hero! By contributing your data, you help train AI to be smarter, faster, and wittier. Think of yourself as the Tony Stark of data, powering up the AI Iron Man suit! 🦸♂️ 🔹 **Pre-Mining Rewards**: DIN's pre-mining rewards are like finding chocolate chips in your
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$ETH An expanded version with a fun twist: 💸 Why did Ethereum go to school? To become a smart contract! 🤓 Meanwhile, $SOL thought it could outshine $ETH , but they make a dynamic duo instead.🌟🚀
#AltcoinMomentum 🌟 **Altcoins are soaring high!** 🌟 With Bitcoin taking a breather, it's time for the underdogs to shine. Keep an eye out for the next big thing in crypto! 🚀 #altcoinmomentum $BTC
Authorities in the United States and Nigeria have formed a bilateral task force to combat illicit financing and crimes related to cryptocurrencies.
According to the official statement , the countries will cooperate and share information that will help law enforcement track and prosecute cybercrime perpetrators.
In addition, U.S. and Nigerian law enforcement will jointly develop strategies to combat illegal money laundering.The US Department of Justice continues to work with the Nigerian government to expand its ability to investigate crimes related to digital assets, the US Embassy in the African state said on its official website.
Interestingly, the US and Nigeria entered into a partnership agreement on cooperation just a few hours later. after release from custody of the executive director Binance Tigran Gambriyam. Recall that he spent several months in a Nigerian prison on charges of money laundering.
Crypto crimes are becoming commonplace in Nigeria, which has become the world's second-largest country in terms of digital asset users. India is in first place. Another study showed that Nigerians most often choose stablecoins to save their savings from high inflation and the depreciation of the national currency.
In the US, cryptocurrency-related crimes are also on the rise, accounting for 2023% of all investment fraud cases in 87.
Nigerian govt drops money laundering charges against Binance executive.
The federal government has withdrawn the money laundering charges filed against an executive of Binance Holdings Limited, Tigran Gambaryan.
DAILY POST recalls that the Economic and Financial Crimes Commission, EFCC had in April this year, arraigned Binance, a cryptocurrency firm, and Gambaryan over alleged money laundering.
Mr Gambaryan, a United States citizen, has been in detention since February following the clampdown on the cryptocurrency firm over alleged manipulation of naira. $BNB #NigeriaCryptoBan #NigeriaVsBinance
Binance sets two conditions before ‘registering’ under Nigeria’s SEC crypto program
The cryptocurrency trading platform Binance has outlined two conditions that must be met before it can consider registering under Nigeria’s Securities and Exchange Commission’s (SEC) special framework program for onboarding Virtual Assets Service Providers (VASPs), including crypto platforms. Binance’s position is in response to the regulatory frameworks set out for cryptocurrency platforms by Nigeria’s regulatory body, SEC, which includes opening an office in Nigeria. Nairametrics previously re
Pavel Durov's Arrest Sends Ripples Through Crypto Industry
In a surprising twist, the arrest of Pavel Durov, the Russian-born billionaire founder and owner of the Telegram messaging app, has reverberated across the crypto landscape. Durov, who was apprehended at Le Bourget airport outside Paris, faces a preliminary police investigation related to the lack of moderators on Telegram and non-cooperation with law enforcement⁴.
**Impact on Crypto Markets: $TON Takes a Hit** The news of Durov's arrest caused a rapid decline in the value of Toncoin ($TON ),
In the vast crypto galaxy, where coins twirl like binary stars, I present to you the BNB/ETH pair—a celestial tango between Binance Coin (BNB) and Ethereum (ETH). 🌟
**Why this pair?** 🤔 1. **Cosmic Synergy**: BNB and ETH are like cosmic companions, each with its unique gravitational pull. BNB fuels the Binance ecosystem, while ETH powers decentralized applications. Together, they create a harmonious dance of utility and innovation.
2. **Interstellar Speed**: BNB zips through transactions like a comet, thanks to Binance's lightning-fast network. Meanwhile, ETH, the warp drive of smart contracts, propels decentralized finance (DeFi) projects across the universe.
3. **Stellar Ecosystems**: BNB orbits within Binance's galaxy of services—spot trading, futures, NFTs, and more. ETH, on the other hand, hosts DeFi protocols, NFT marketplaces, and even intergalactic games.
**Future Potential**: 🌠 - **Interplanetary Adoption**: BNB's popularity is skyrocketing, with Binance's interplanetary reach. As more projects build on Binance Smart Chain, BNB could become the go-to fuel for DeFi and NFTs.
- **Cosmic Upgrades**: ETH's transition to Ethereum 2.0 promises faster, more efficient stargates. If successful, it could propel ETH to new galaxies, making it the ultimate cosmic currency.
- **Cosmic Collabs**: Imagine BNB and ETH teaming up for cross-chain ventures—like cosmic superheroes joining forces! 🦸♂️🌌
So, fellow stargazers, strap-on your spacesuits, grab your wallets, and ride the BNB/ETH comet. 🚀✨ Remember, in this cosmic ballet, profits orbit those who dare to #BecomeCreator! 💫
*Disclaimer: This cosmic analysis is for entertainment purposes only. Consult your financial telescope before launching any moon missions.* 🌙🔭
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 Chie
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
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.
#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