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TheNewsCrypto
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Binance Futures Unveils LDUSDT: New Reward-Bearing Margin Asset to Boost Capital Efficiency
- Binance Futures has unveiled LDUSDT, a new reward-bearing margin asset.
- Users of the Binance Simple Earn USDT Flexible Product can transform their USDT Flexible assets into LDUSDT for futures trading.
- LDUSDT is Binance's second reward-bearing non-stablecoin margin asset after BFUSD.
- The introduction of LDUSDT aims to increase capital efficiency and provide users with more options on Binance.
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Bitcoinist
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Binance Tax Evasion Trial Postponed as Nigerian Court Reviews Service Procedures
- Binance tax evasion trial in Nigeria has been postponed until April 30.
- Nigeria's Federal Inland Revenue Service (FIRS) seeks $79.5 billion in damages and $2 billion in back taxes.
- Binance argues the court order to serve legal documents was granted improperly.
- The case raises questions about jurisdictional authority in the digital age and may influence regulatory frameworks globally.
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Cryptopotato
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Bitcoin’s Resilience Tested as Tariffs and Macroeconomic Pressure Drive Market Volatility
- Bitcoin's correlation with equities and gold has fluctuated under the influence of trade tariffs and macroeconomic factors.
- Despite short-term alignment with traditional markets, Bitcoin maintains its distinct identity as an independent asset class.
- Bitcoin demonstrated resilience and potential as a safe-haven asset during periods of economic uncertainty.
- The future trajectory of Bitcoin depends on its ability to return to low correlation with equities and serve as an inflation-resistant asset.
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Zycrypto
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Pakistan Appoints Former Binance CEO Changpeng Zhao To Stimulate Country’s Use of Crypto
- Changpeng Zhao, former CEO of Binance, has been appointed as a strategic advisor to the Pakistan Crypto Council to help the nation adopt blockchain technology.
- Muhammad Aurangzeb, Finance Minister of Pakistan, sees this appointment as a landmark moment for the country and a signal that Pakistan is open to innovation.
- Zhao's visit to Pakistan aims to create a legal framework for digital assets and spur economic growth through regulation that allows room for innovation and opportunities for crypto entrepreneurs.
- The Pakistan Crypto Council aims to attract foreign investors and collaborate with the crypto industry to facilitate financial growth and international trade while keeping the black market in check.
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Bitcoinist
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Ethereum Network Performance Tumbles As Total Transaction Fees Drops To New Lows
- The Ethereum blockchain has experienced a significant drop in transaction fees.
- Transaction fees on Ethereum have reached their lowest level since 2020.
- The decrease in fees is attributed to the emergence of Layer-2 solutions and the Dencun update.
- Ethereum's price has also plummeted, marking its worst-ever first-quarter performance since 2022.
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Livebitcoinnews
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Binance Founder CZ Joins Pakistan Crypto Council as Strategic Adviser
- Changpeng Zhao, the founder of Binance, has joined the Pakistan Crypto Council (PCC) as a strategic adviser.
- This collaboration aims to accelerate Pakistan's development in blockchain and digital finance.
- CZ's expertise in crypto and blockchain will help lead Pakistan's digital finance ecosystem.
- The partnership is expected to enhance the development of Pakistan's crypto infrastructure and regulatory standards.
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TheNewsCrypto
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How to Profit From the NFT Resurgence
- NFTs are experiencing a resurgence in interest, presenting opportunities for investors.
- To benefit from the NFT resurgence, investors should seek authentic projects with genuine use cases.
- Implementing good asset practices such as secure storage management is essential to protect NFT investments.
- Investors should manage their expectations and approach the market cautiously to avoid potential losses.
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23 Likes
TronWeekly
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Nigeria Extends Binance Tax Case in High-Stakes Legal Clash
- Nigeria has postponed Binance's $2 billion tax evasion case to April 30 as the crypto exchange contests the legality of document service.
- Nigeria claims Binance's P2P trading harmed the economy and facilitated capital flight, demanding $2 billion in taxes and $79.5 billion in damages.
- Two Binance executives were detained, with one escaping custody and another alleging detention linked to a rejected $150 million bribe.
- The tax case is part of Nigeria's efforts to control cryptocurrency trading, and the outcome will have potential implications for global crypto regulations in the continent.
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Livebitcoinnews
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Nigerian Court Postpones Binance Tax Case to April 30, 2025
- Nigerian court adjourns Binance tax evasion trial to April 30, 2025.
- Nigeria demands $79.5 billion from Binance over unpaid taxes and damages.
- Binance collaborates with Nigeria’s FIRS to resolve tax disputes.
- Nigeria commits to building a formal regulatory structure for cryptocurrency operations.
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Bitcoinist
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Binance Founder CZ Named Adviser To Pakistan Crypto Council
- Changpeng Zhao (CZ), the co-founder and former CEO of Binance, has been appointed as a strategic adviser to the Pakistan Crypto Council (PCC).
- The PCC aims to create a regulatory framework for cryptocurrency trading in Pakistan to attract international investment.
- Senator Muhammad Aurangzeb stated that with Zhao's involvement, the council aims to position Pakistan as a regional leader in Web3, digital finance, and blockchain technology.
- Despite recent legal challenges, CZ remains one of the most influential figures in the crypto industry.
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Cryptopotato
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Binance Delists These Altcoins, Triggering a Price Meltdown: Details Here
- Binance is delisting 14 altcoins, causing prices to crash, with CREAM and BETA falling nearly 60%.
- When Binance adds support for a cryptocurrency, it often leads to a price increase, as seen with meme coin MEW.
- The delisted altcoins include Badger, Balancer, Beta Finance, Cream, Cortex, aelf, Firo, Kava Lend, NULS, Prosper, Status, TROY, Unilend Finance, and VIDT DAO.
- The assets will no longer be displayed in users' accounts and support for withdrawals will be discontinued after June 9.
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19 Likes
TheNewsCrypto
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Binance Announces Delisting of 14 Tokens After First ‘Vote to Delist’ Round
- Binance will delist 14 tokens, including BADGER, BAL, and CREAM, on April 16, 2025, at 03:00 UTC.
- The delisting follows Binance’s “Vote to Delist” initiative, where over 93,680 validated votes were cast by 24,141 users.
- The decision to delist tokens was based on user votes and internal evaluations, considering factors such as team changes, trading volume, security, and regulatory compliance.
- The delisted tokens' trading pairs will be removed on April 16, 2025, deposits will no longer be credited, and withdrawals will remain available until June 9, 2025.
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Coinjournal
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Australia shuts down 95 firms linked to pig butchering crypto scams
- Australian regulators have shut down 95 firms involved in a widespread crypto scam.
- The firms used fake identities, romance scams, and fake trading platforms to defraud victims across 14 countries.
- The reported losses from the scam total over $35.8 million.
- Only three out of the 95 firms were found to hold any assets.
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Hackernoon
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Mint, Match, Mingle: A Better Way to Connect on the Blockchain
- A new use case for NFTs: matchmaking NFTs, where tokens are minted with a soulmate and remain locked until the right holders come along.
- SOLmates is an example of this concept, which combines social connections with blockchain technology to create programmable social bonds.
- The use case aims to provide authentic and meaningful human connections by reintroducing intent and using blockchain's unique features.
- Challenges include misconceptions about being another dating app, regulatory concerns, and scaling the matchmaking engine without compromising user privacy.
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4 Likes
TheNewsCrypto
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Nigerian Court Adjourns Binance’s $81.5B Tax Evasion Case to April 30
- Binance's tax evasion trial in Nigeria has been adjourned until April 30.
- The Federal Inland Revenue Service (FIRS) is seeking $2 billion in back taxes and $79.5 billion in damages.
- Binance challenged the court's order to serve documents via email, arguing that proper legal procedures were not followed.
- The FIRS must respond to Binance's motion before the next hearing.
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5 Likes
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