India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

September 12, 2024 Bitcoin.com

Bitcoin

India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography […]

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US Authorities Attempting To Access Imprisoned Binance Employee in Nigeria: Report

September 9, 2024 The Daily Hodl

Binance

US governmental authorities are attempting to gain access to an incarcerated Binance employee in Nigeria, according to a local reports. In February of this year, Binance executive Tigran Gambaryan was arrested alongside a colleague, Nadeem Anjarwalla, who managed to escape the country. The pair had traveled to Nigeria to engage in regulatory talks. Gambaryan has […]

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US, Nigeria Convene AI Conference to Promote Inclusive Tech Adoption

September 9, 2024 Bitcoin.com

The U.S. and Nigeria will host a pan-African Artificial Intelligence (AI) conference in Lagos from September 10-11. The conference will bring together government officials, tech leaders, and civil society to discuss the opportunities and challenges of AI development and use. Participants will work to identify and harmonize tech governance strategies to ensure AI is adopted […]

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Nigerian Scammer’s Crypto Wallet Seized by Kansas Attorney General

September 6, 2024 Bitcoin.com

Bitcoin

Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a Nigerian national accused of the fraud. The court ordered full restitution and penalties, enabling the Attorney […]

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Detained Binance exec posts new bail motion citing worsening health

September 2, 2024 Coin Telegraph

Binance executive

In June, Nigeria’s Federal Inland Revenue Service dropped charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla.

The trial of Tigran Gambaryan, the Binance executive currently detained in Nigeria, recommenced on Sept. 2, 2024. Gambaryan’s attorneys filed a new motion for bail, citing the executive’s deteriorating health.

Lawyers for Nigeria’s Economic and Financial Crimes Commission (EFCC) immediately opposed the motion, arguing that Gambaryan was not in poor health, despite counsel for the government regulator submitting the detained executive’s health records to the court, which indicate that he requires surgery.

According to family spokespeople, these health records — which prison officials have failed to produce to the court for months — were lacking critical medical documentation such as MRI images performed on Gambaryan.

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Binance Executive Detained in Nigeria Now in ‘Deteriorating Condition,’ According to CEO Richard Teng

August 29, 2024 The Daily Hodl

Binance

Binance executive Tigran Gambaryan, who has now spent more than six months in a Nigerian prison, is suffering from “rapidly deteriorating” health conditions, according to the firm’s CEO. In a new blog post, Binance chief executive Richard Teng says Gambaryan can no longer walk and is in desperate need of medical care. “Tigran’s physical and […]

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Former US Federal Agent Tigran Gambaryan Marks 6 Months in Nigerian Detention

August 27, 2024 Bitcoin.com

Binance

Tigran Gambaryan, a former U.S. federal agent and Binance executive, has now spent six months in Nigerian detention. Lawyers say he has been denied proper medical care, leading to severe health issues, including a herniated disc that has left him unable to walk. Additionally, his lawyers said that between July 26 and August 14, they […]

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Goldman Sachs’ Bitcoin ETF Holdings, Hamster Kombat Rejected VCs, and More — Week in Review

August 18, 2024 Bitcoin.com

bitcoin.com

Goldman Sachs disclosed substantial holdings of $418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments to protect players from becoming exit liquidity. A Nigerian bitcoin proponent filed a lawsuit to overturn the government’s crypto ban. WBTC’s custody change has raised concerns in the defi community. Ripple’s legal chief discussed the […]

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Nigeria’s tax watchdog proposes comprehensive crypto bill

August 18, 2024 Coin Telegraph

Coin Telegraph

The Federal Inland Revenue Service’s initiative to regulate cryptocurrency and update tax laws reflects a broader trend in Nigeria toward embracing and managing digital assets.

Nigeria’s tax authority, the Federal Inland Revenue Service (FIRS), plans to seek the National Assembly’s support for a comprehensive new law to regulate cryptocurrency in the country.

According to local news, FIRS Executive Chairman Zacch Adedeji made the announcement during a recent stakeholder engagement session with the National Assembly’s Finance Committees. The proposed legislation, which FIRS aims to introduce in September, is part of a broader effort to overhaul Nigeria’s tax system.

According to Adedeji, the new bill will address the growing cryptocurrency industry, ensuring that its benefits are harnessed for Nigeria’s economy while mitigating potential risks. This regulatory push is a response to the rapidly expanding digital economy and the need for updated legal frameworks to keep pace with technological advancements.

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Tigran Gambaryan’s health worsens, surgery now required

August 12, 2024 Coin Telegraph

Binance

Gambaryan has been detained in Nigeria since February 2024 and has suffered numerous chronic health conditions during that time.

Detained Binanance executive Tigran Gambaryan’s health continues to deteriorate, according to his wife Yuki, and h requires two surgeries to remove his tonsils and correct a herniated disc in his back.

In the impassioned plea to release her husband, Yuki implored the Nigerian government to either release Tigran or allow him to seek the necessary medical attention to improve his health:

Tigran has reportedly suffered several bouts of throat infection and pneumonia. The detained Binance executive also contracted malaria earlier this year, and the combined health problems have led to Tigran being confined to a wheelchair and bedridden.

Nigeria

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