Author: Cointelegraph By Amaka Nwaokocha

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Binance exec legal battle escalates amid US-Nigeria tug of war

Binance executive Tigran Gambaryan’s wife expressed her confusion about why the Nigerian law enforcement agency cannot release her husband based on the Federal Inland Revenue Service rebuttal. Source link

Singapore flags digital payment tokens as high-risk in AML landscape

Singapore said DPT service providers, also known as virtual assets service providers, stand out as a high-risk category within the financial sector. Source link

Binance fined $2.25M by India’s financial intelligence unit

India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance Director and available company records. Source link

Crypto enthusiasts warn against naira trade ban on exchanges

Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the government turned its focus to platforms providing cryptocurrency services. Source link

Bitdeer introduces energy-efficient Bitcoin mining chip

This chip will enhance Bitcoin mining performance, minimize power consumption, lower costs, and reduce the environmental footprint. Source link

Meta faces backlash in EU for AI data usage without user consent

The complaints claimed that Meta’s recent privacy policy changes would allow the company to utilize years of personal posts, private images, and online tracking data for its AI technology. Source link

Nigeria defends Binance exec prosecution amid US lawmakers’ criticism

The minister assured that Binance had received appropriate consular access from the U.S. and all due care, following standard diplomatic protocols and the rule of law. Source link

Vitalik Buterin slams celebrity memecoins

Buterin responded to a post about Iggy Azalea’s MOTHER token potentially leading the celebrity crypto trend towards sustainable value creation. Source link

Nigeria’s Bitcoin interest unfazed by regulatory restrictions

Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin. Source link

Nigeria seeks crypto clarity one year into Tinubu’s tenure

Nigeria’s young resident population now feels more bewilderment due to the administration’s recent actions against Nigeria’s crypto industry. Source link