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Crypto-News-Flash
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Changpeng Zhao’s Influence on Binance Faces Growing Controversy Amid Official Ban
- Controversy surrounds former Binance CEO, Changpeng Zhao (CZ), as he continues to have influence on the exchange despite stepping down.
- CZ's departure followed a guilty plea for violating U.S. Anti-Money Laundering laws.
- Binance is facing regulatory scrutiny globally, with investigations into unlicensed activities and money laundering.
- Despite challenges, Binance expands its services and offerings, including integrating Dogecoin, Litecoin, and ChainGPT into its lending system.
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Livebitcoinnews
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Nigeria Sues Binance for $81.5 Billion in Damages and Taxes
- Nigeria has sued Binance, the world's largest cryptocurrency exchange, for $81.5 billion in damages and taxes.
- The government accuses Binance of tax evasion and demands $79.5 billion in economic damages and $2 billion in unpaid taxes.
- Binance has faced legal battles and accusations from Nigerian authorities regarding its involvement in currency fluctuations.
- The case will shape crypto regulations and determine the future of Binance's operations in Nigeria.
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TronWeekly
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Binance.US Resumes USD Deposits and Withdrawals After 18 Months
- Binance.US has resumed USD deposits and withdrawals after an 18-month suspension due to legal challenges and an SEC lawsuit.
- New features such as bank transfers, Auto-Buy, and OTC trading are now available for customers.
- The resumption of USD services comes after months of regulatory uncertainty and efforts to improve institutional services.
- The decision reflects Binance.US's commitment to regain customer trust and highlights the importance of regulatory clarity for crypto exchanges.
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TheNewsCrypto
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Binance Community Vote for Pi Network Draws Backlash Amid Security Concerns
- Binance has reopened its token listing process by community vote, considering the addition of Pi Network (PI).
- The current vote shows 85% support for listing Pi ahead of its mainnet launch.
- Critics, including Colin Wu of Wu Blockchain, argue that Binance's approach prioritizes user growth and traffic over security and reputation.
- Despite community support, concerns about security, regulatory risk, and Binance's listing process strategy continue to fuel debate.
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Crypto-News-Flash
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Binance US Brings Back USD Services for American Customers
- Binance US has reopened USD services for American customers.
- Users can now deposit and withdraw USD via bank transfers without fees.
- Binance US is reorganizing its activities to comply with relevant regulations.
- The platform offers over 160 cryptocurrencies for trading and staking services.
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Crypto-News-Flash
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Hedera Joins ChainGPT to Streamline NFT Minting
- ChainGPT integrates with Hedera, enabling seamless NFT minting and expanding blockchain capabilities with AI-powered tools.
- The integration allows users to mint NFTs directly on the Hedera network, offering low fees and fast transaction rates.
- ChainGPT's AI technologies simplify NFT creation by allowing users to produce digital artwork from basic language descriptions.
- The collaboration between ChainGPT and Hedera has the potential to enhance the user experience and expand the digital economy.
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Crypto-News-Flash
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Binance Under Fire: Nigeria Sues for $81.5B in Tax & Economic Losses
- Nigeria has filed an $81.5 billion lawsuit against cryptocurrency exchange Binance.
- The lawsuit alleges economic losses of $79.5 billion and demands $2 billion in back taxes.
- Binance is accused of tax evasion, foreign exchange violations, and contributing to currency depreciation.
- The case could impact investor confidence and cryptocurrency adoption in Nigeria.
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Pymnts
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Binance.US Restores USD Services After 19-Month Drought
- Binance.US has resumed accepting USD deposits and withdrawals after a 19-month suspension.
- Customers can now withdraw and deposit USD via ACH bank transfers.
- Binance.US suspended USD transactions in 2019 and operated as a crypto-only platform.
- The resumption of USD services is significant for Binance.US and its customers.
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Medium
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Slingshot Horizon Space Recap
- Vintage squadron member, Vision24, shares his journey with Slingshot DAO and highlights the qualities needed to become a squadron member.
- Tiyeye, another squadron member, gives key moderation insights and discusses the diverse backgrounds of squadron members.
- The Slingshot Squadron comprises of hierarchies with distinct roles and responsibilities.
- Community questions and answers regarding prerequisites, rewards, NFT eligibility, and the role of $SLING tokens within Slingshot DAO.
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Coinjournal
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Nigerian authorities seeking a $79.5B penalty against Binance
- Nigeria's federal government has sued Binance for a $79.5B penalty.
- The government demands $2B in back taxes for 2022-2023.
- Binance is accused of tax evasion and operating without a license.
- The outcome of the lawsuit could have significant implications for Binance and the crypto industry in Nigeria.
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Guardian
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Nigeria sues crypto giant Binance for $81.5bn in economic losses and back tax
- Nigeria has filed a lawsuit against Binance, seeking $79.5bn in economic losses and $2bn in back taxes.
- Authorities blame Binance for Nigeria's currency woes and detained two of its executives in 2024.
- The lawsuit alleges that Binance has a significant economic presence in Nigeria and should pay corporate income tax.
- Binance was already facing tax evasion charges in Nigeria and is contesting the charges.
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Massivelyop
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The reboot of Kickstarted MMO Shards Online, Legends of Aria Classic, is officially sunsetting
- Legends of Aria Classic, the reboot of Kickstarted MMO Shards Online, is shutting down.
- The closure is due to insufficient Patreon support to cover server costs for several months.
- Player-run servers like Shards of Britannia will continue to operate unaffected.
- The closure marks the end of a tumultuous journey for the MMO, which faced controversies and changed ownership.
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Cryptopotato
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Binance US Reinstates USD Services After Nearly 3 Years
- The US arm of Binance, the world's largest cryptocurrency exchange, has restarted USD-based services after a three-year hiatus.
- USD-based services include deposits, withdrawals, direct purchases, conversions, trading, recurring buys, staking, claiming a crypto domain, OTC trades, API trading, and institutional platforms.
- Binance US halted USD-based services in 2023 after being sued by the SEC, resulting in a drop in market share and staff cuts.
- Despite the SEC lawsuit against Binance still being active, the case has been temporarily paused for 60 days in early February.
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TronWeekly
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Is the SEC’s Crypto Crackdown Over? Stark Declares It ‘Expired’
- The SEC’s crypto enforcement, including cases against Coinbase and Binance, is reportedly grinding to a halt.
- Former SEC official John Reed Stark suggests these developments signal the end of the SEC’s crypto-enforcement efforts.
- The agency’s newly formed Crypto Task Force is now reshaping the regulator’s approach to digital assets.
- The U.S. SEC lawsuit against Coinbase appears to be losing momentum as the regulator reconsiders its crypto enforcement approach.
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Medium
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THE DAWN OF A CRYPTO REVOLUTION
- Since Network has joined forces with PureX Exchange and Simi Wallet to create an unstoppable ecosystem in the crypto space.
- The partnership aims to enhance the user experience, fortify the infrastructure of digital finance, and ensure seamless transactions with unparalleled security.
- The collaboration signifies a strategic move towards a more integrated and user-centric approach in the crypto world, enhancing compliance and trust in the industry.
- The alliance between Since Network, PureX Exchange, and Simi Wallet sets new benchmarks in the industry and redefines the cryptocurrency ecosystem.
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