Former U.S. President Donald Trump has made headlines once again, this time announcing his intention to accept cryptocurrency as a form of campaign donations. In a series of video clips uploaded to X by Frank Degods, a prominent non-fungible token (NFT) creator and influencer, Trump can be heard affirming his commitment to embracing crypto for…
Crypto magnate Sam Bankman-Fried was escorted out of a Manhattan courtroom, leaving his parents in tears, as he was found guilty of a litany of charges. The trial and subsequent verdict have sent shockwaves through the financial and cryptocurrency world, setting a precedent for accountability in the ever-evolving digital finance sector. Defense Expresses Disappointment, Vows…
HSBC customers will enjoy the convenience of making payments with a selection of cryptocurrencies, including popular options like Shiba Inu (SHIB) and XRP.
The Enugu Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) arraigned Rufus John Isip, a self-proclaimed forex broker, before Justice C. S. Onah of the Federal High Court in Uyo, Akwa Ibom State, on Friday, July 19, 2024. Isip, alongside his company, ITM-IT Resources Limited, faced an eight-count charge involving fraudulent conversion, money…
The Federal Government of Nigeria has refuted allegations that Tigran Gambaryan, a high-ranking executive from the cryptocurrency exchange Binance, is being subjected to unfavorable prison conditions. According to a statement released by Mohammed Idris, the Minister of Information and National Orientation, the claims are entirely “false” and the public should disregard them. Tigran Gambaryan is…
The Securities and Exchange Commission (SEC) has issued a warning to Nigerians about the risks of investing in the meme coin launched by singer Davido. The commission cautioned that investing in the coin is highly risky and may result in significant financial losses. The SEC advised Nigerians to exercise extreme caution and thorough research before…
The Economic and Financial Crimes Commission (EFCC) has taken decisive action by imposing restrictions on more than 300 accounts suspected of engaging in dubious forex transactions. This move, spearheaded by Chairman Ola Olukoyede, underscores the agency’s commitment to combating financial malfeasance. Olukoyede emphasized the seriousness of the situation, noting that these accounts have been implicated…
The Economic and Financial Crimes Commission (EFCC) takes a crucial step by arraigning Binance Holdings Ltd and one of its executives, Tigran Gambaryan, before Justice Emeka Nwite of a Federal High Court in Abuja. The charges brought against them, totaling $34.4 million, include tax evasion, currency speculation, and money laundering. This high-profile case underscores the…
In a pivotal development within Nigeria’s legislative landscape, lawmakers are weighing the issuance of arrest warrants for executives at Binance, a prominent global cryptocurrency exchange. The deliberations come amidst heightened scrutiny from the House of Representatives Committee on Financial Crimes, who convened a fact-finding session to address concerns surrounding Binance’s operations. Expressing deep-seated apprehension, committee…
