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Some cryptocurrency exchanges in Nigeria faced accessibility issues for users, prompting speculation of imposed restrictions on crypto sites, the Financial Times reported. On Wednesday, local media reported that Nigeria’s telecom regulator, the Nigerian Communications Commission (NCC), received instructions from the country’s apex bank to suspend access to crypto websites, including Binance, Coinbase and Kraken. This development occurred a day after Binance imposed limits on peer-to-peer transactions trading the…

There is intense apprehension at the Central Bank of Nigeria (CBN) Thursday that the Naira may weaken further as the Federation Account Allocation Committee (FAAC) is set to disburse allocations from the revenues generated into the federations’ accounts among the federal, state and local governments. Sources within the apex bank Thursday told PREMIUM TIMES that there are concerns that funds from FAAC were often illegally converted to dollars by some corrupt state governors at the unofficial market, with a ripple…

Tyler and Cameron Winklevoss have donated $4.9 million to the political action committee Fairshake, according to new filings with the U.S. Federal Election Committee. It’s just the latest windfall for Fairshake, which is spending millions to run attack ads against Katie Porter, a Democrat who’s running for Dianne Feinstein’s old U.S. Senate seat in California.What Drew Noomi Rapace to Constellation?The new donation from the Winklevoss twins, first reported by Crypto Telegraph Wednesday, comes after huge players in the…

The Nigerian government has blocked the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds. Sources within the major telecommunication companies in the country told PREMIUM TIMES Wednesday evening that the Nigerian Communications Commission (NCC) communicated the directive to telcos and they had started acting on it. Apart from Binance, other platforms such as Forextime, OctaFX, Crypto, FXTM, Coinbase, Kraken,…

Coinbase Global on Thursday posted its first quarterly profit since 2021 on sturdy trading volumes due to a resurgence of interest in crypto, sending its shares up nearly 13% after the bell.Investor enthusiasm for crypto was rekindled in recent months by the US Securities and Exchange Commission's (SEC) highly anticipated approval of the first spot bitcoin exchange-traded funds (ETFs).Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIT…

Investors in cryptocurrency trading platform Coinbase are waking up to some welcome news. As of the time of the writing, shares of Coinbase (ticker: COIN) are up over 12% to above $186 per share. That’s a price COIN shares haven’t seen since March 2022.Shares rose on the reporting of Coinbase’s Q4 2023 financial results, which were announced yesterday after the bell. The main headline from Coinbase’s Q4 was that the company reported its first profit in two years. The company generated $905 million in net revenue for the…

Here are the top 10 crypto platforms useful for trading and investing in Feb 2024 Cryptocurrencies are digital assets that utilize cryptography to safeguard transactions and limit the creation of new units. They are decentralized, which means they are not governed by a central authority or middleman. Cryptocurrencies can be used for various purposes, such as payments, remittances, investments, trading, and more. However, to buy, sell, or store cryptocurrencies, you need a platform that can facilitate these…

There’s good news for steroid fans: juicers will finally get their day on the field. A who’s who of extremely online investors pitched in to fund a series of events called the Enhanced Games, which describes itself as “the 21st Century Olympics without drug testing.” The list includes Christian Angermayer, venture capitalist, Balaji Srinivasan, former Coinbase CTO, and Peter Thiel, PayPal co-founder and frenemy of Elon Musk. Alex Winter on the Most Important Modern Horror Movie “Unlike the Olympic Games, Enhanced believes…

Coinbase Legal Triumph Over XRP Sparks Speculation: SEC May Hesitate on Appeals in Ripple Case The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple, the company behind the XRP cryptocurrency, may take a new turn depending on the outcome of another case involving Coinbase, the largest crypto exchange in the U.S. Coinbase is facing a lawsuit from the SEC over its proposed lending product, which would allow users to earn interest on their crypto holdings. The SEC claims…

Garry Tan, whose success in Silicon Valley has likely inspired many of the founders he mentors, is once again attracting attention for his posts on the social platform X. On Friday night, the Y Combinator president, investor, and former entrepreneur, published a post that might have prompted some to wonder if his X account was hacked. Wrote Tan, addressing seven San Francisco supervisors who oversee the delivery of local government services: “Fuck Chan Peskin Preston Walton Melgar Ronen Safai Chan as a label and…