Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000

November 8, 2024 Bitcoin.com

Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up ,000

bitcoin.com

A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government. The latest court decision came just a few months after other crypto firms, Paparaxy Global Ventures […]

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Google Fuels Nigeria’s AI Ambitions With Million Dollar Grant

November 1, 2024 Bitcoin.com

The Federal Ministry of Communications, Innovation, and Digital Economy (FMCIDE) in Nigeria has announced a $1.7 million (NGN2.8 billion) Google grant to promote artificial intelligence (AI) talent development. This will support the Ministry’s AI initiatives and align with Google.org’s $5.8 million commitment to digital skills programs across Sub-Saharan Africa. The grant will aid Data Science […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Joe Biden Thanks Nigerian President for Releasing Binance Executive Tigran Gambaryan From Prison

October 31, 2024 The Daily Hodl

Binance

US President Joe Biden has expressed his appreciation to Nigerian President Bola Tinubu for securing the release of Binance’s compliance officer Tigran Gambaryan from prison. Gambaryan, a former agent of the US Internal Revenue Service (IRS), was visiting Nigeria to address regulatory concerns about Binance when local authorities arrested and jailed him on charges of […]

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New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

US President Biden Applauds Nigeria’s Crypto Cooperation and Push for Global Reform

October 30, 2024 Bitcoin.com

bitcoin.com

U.S. President Joe Biden has praised Nigeria’s efforts in combating crypto-related financial crimes, including the recent release of a former Binance executive. Biden, Tinubu Strengthen US-Nigeria Ties With Crypto Crime Initiative The White House announced Tuesday that U.S. President Joe Biden held a call with Nigerian President Bola Tinubu, touching on recent humanitarian and diplomatic […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

President Biden thanks Nigerian President for Binance exec’s release

October 29, 2024 Coin Telegraph

Binance

A former IRS special agent and Binance’s head of financial crime compliance, Tigran Gambaryan had been in Nigerian custody with reports of deteriorating health since February.

United States President Joe Biden spoke to President Bola Tinubu of Nigeria, offering his appreciation that Binance’s head of financial crime compliance had been released on humanitarian grounds.

According to an Oct. 29 notice from the White House, President Biden had a call with President Tinubu in which he thanked the Nigerian leader for helping secure “the release on humanitarian grounds of American citizen and former US law enforcement official Tigran Gambaryan.”

The Binance executive had been in Nigeria custody for roughly eight months until being allowed to leave the country on Oct. 23.

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Money Laundering Charges Against Binance’s Tigran Gambaryan Dropped After Seven Months in Nigerian Prison: Report

October 23, 2024 The Daily Hodl

Binance

Binance executive Tigran Gambaryan’s charges of money laundering have reportedly been dropped in Nigeria after he spent seven months in prison. According to local reports, the Nigerian government is dropping all charges against Gambaryan, leaving Binance as the only defendant left in the lawsuit. The judge in the case, Emeka Nwite, ordered Gambaryan to be […]

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New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

US attorneys push Biden to help free Binance exec held in Nigeria

October 19, 2024 Coin Telegraph

Biden

Concerns increased over Tigran Gambaryan’s well-being on Oct. 18 after his illness prevented him from appearing in court.

A group of 18 state attorneys general has urged President Joe Biden to help secure the release of Binance executive Tigran Gambaryan, who has been detained in Nigeria since February 2024.

The attorneys general have asked Biden to designate Gambaryan as a hostage under the Robert Levinson Hostage Recovery and Hostage-Taking Accountability Act.

The group expressed concern over Gambaryan’s deteriorating health and the unlawful nature of his detention, according to a joint letter sent on Oct. 18.

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Binance Executive Tigran Gambaryan To Stay in Nigerian Prison After Judge Rejects His Request for Bail: Report

October 12, 2024 The Daily Hodl

Binance

Binance executive Tigran Gambaryan will reportedly remain imprisoned in Nigeria after a judge denied his request to post bail. According to a new report by Bloomberg, Gambaryan, a former agent of the US Internal Revenue Service (IRS) and Binance’s current crypto compliance officer, had his request for bail rejected by a justice of Nigeria’s Federal […]

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Global Surge in CBDC Development: 134 Countries Now Exploring Digital Currencies

September 19, 2024 Bitcoin.com

Atlantic Council

New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing forward. The U.S. remains lagging behind Europe and […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Binance exec’s mother pleads with US gov’t to secure his release

September 19, 2024 Coin Telegraph

Binance

Detained in Nigeria for more than six months and with reported deteriorating health, Tigran Gambaryan likely won’t return to court until Oct. 9.

The mother of Tigran Gambaryan, a Binance executive detained in Nigeria since February, has been calling on the United States government to end her son’s detention in the country.

In a Sept. 18 interview from California news outlet KMPH Fox 26, 75-year-old Knarik Gambaryan urged US authorities to take action to secure Tigran’s release from Nigeria, claiming that he had been “detained wrongfully” and citing his deteriorating health. On Sept. 3, a video emerged through social media appearing to show the Binance executive’s physical condition for the first time since being detained by authorities, leaving him barely able to walk to court.

“He’s just a regular US Citizen,” said Knarik Gambaryan. “The US government has to take care of its people. He’s not a criminal.”

Nigeria

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