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Blockchain Association Says Tigran Gambaryan’s Detention Harms Nigerian Web3 Industry

Blockchain Association Says Tigran Gambaryan’s Detention Harms Nigerian Web3 IndustryNigeria’s detention of Binance executive Tigran Gambaryan is impacting the country’s blockchain industry, an organization representing blockchain and crypto associations has warned. Evidence of this impact includes the decline in foreign investments. The organization also argued that the continued detention of the Binance executive could jeopardize valuable collaborations and associated benefits. Nigeria’s National Interests A […]

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Kenya Concludes Worldcoin Investigation

Kenya Concludes Worldcoin InvestigationKenyan police have reportedly closed their investigation of Worldcoin, allowing the latter to resume its activities in the East African nation. The chief legal officer at Tools for Humanity confirmed that Worldcoin would soon resume registering Kenyan users. Tools for Humanity Praises ‘Fair’ Investigation The Kenyan police have reportedly concluded their investigation into Worldcoin, which […]

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Nigeria Rejects Claims Jailed Binance Executive Denied Quality Healthcare

Nigeria Rejects Claims Jailed Binance Executive Denied Quality HealthcareA Nigerian government official has rejected claims that the jailed Binance executive is being denied access to quality healthcare. In an apparent reference to the U.S. calls for Tigran Gambaryan’s release, the official stated that only the court, not the Nigerian government, can authorize such action. Tigran Gambayran’s Detention Court Sanctioned The Nigerian government has […]

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US Lawmaker Urges Nigerian Government to Grant Humanitarian Release for Jailed Binance Employee

US Lawmaker Urges Nigerian Government to Grant Humanitarian Release for Jailed Binance EmployeeTwo U.S. lawmakers, French Hill and Chrissy Houlahan, have added their voices to calls for the release of jailed Binance executive Tigran Gambaryan. The lawmakers made this call shortly after visiting Gambaryan at Nigeria’s notorious Kuje Prison. Hill believes that Gambaryan is being wrongfully detained on charges related to money laundering. Prison Officials Accused of […]

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Nigerian Court Dismisses Fugitive Binance Exec’s Rights Lawsuit

Nigerian Court Dismisses Fugitive Binance Exec’s Rights LawsuitA Nigerian court dismissed a human rights violation lawsuit filed by the fugitive Binance executive, Nadeem Anjarwalla, against law enforcement agencies. In his ruling, Judge Inyang Ekwo reportedly cited Anjarwalla’s lack of legal representation as one of the reasons for dismissing the lawsuit. Binance Exec’s Lack of Representation Leads to Lawsuit Dismissal A Nigerian Court […]

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Ethiopia Approves CBDC Launch Draft Proclamation

Ethiopia Approves CBDC Launch Draft ProclamationThe Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow central banks. Proclamation Grants Ethiopian Central Bank Authority to Launch […]

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South African Retailer Accepting BTC Sees Significant Increase in Monthly Crypto Transactions

South African Retailer Accepting BTC Sees Significant Increase in Monthly Crypto TransactionsThe South African retail giant, Pick n Pay, has reported a significant increase in the value of monthly cryptocurrency payments, rising from approximately $1,350 to $54,000. The regions of Gauteng, KwaZulu-Natal, and the Western Cape in South Africa account for the lion’s share of Pick n Pay’s crypto transactions. Retailer Sees More Crypto Transactions in […]

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Ghana Central Bank Partners With Singapore Regulator to Demonstrate Use of Digital Credentials in Global Trade

Ghana Central Bank Partners With Singapore Regulator to Demonstrate Use of Digital Credentials in Global TradeThe Ghanaian central bank recently collaborated with the Monetary Authority of Singapore (MAS) to demonstrate the use of digital credentials in international trade. The second phase of Project DESFT culminated in the execution of cross-border trade between the West African nation and Singapore in April 2024. Ghana’s CBDC to Streamline Cross-Border Trade The Bank of […]

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Nigerian Minister: Binance Fails to Pay Taxes on Over $20 Billion Turnover

Nigerian Minister: Binance Fails to Pay Taxes on Over  Billion TurnoverIn 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government minister disclosed. The Nigerian official also seemed to refute U.S. lawmakers’ claims that Tigran Gambaryan, an imprisoned Binance executive, is being held hostage by his government. Tigran Gambaryan Detained on Allegations of Contributing to Naira Depreciation […]

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Nigerian Interest in Crypto Persists Despite Crackdown; Meme Coins Prevail in Country’s North

Nigerian Interest in Crypto Persists Despite Crackdown; Meme Coins Prevail in Country’s NorthIn the northern states of Katsina and Borno, residents are increasingly interested in the meme coin dogecoin. Meanwhile, in Delta State, known for its financial services leaders, bitcoin garners significant attention. A Nigerian lawyer has called on authorities to implement cryptocurrency regulations if they aim to have an impact on the industry. USDT Favored in […]

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