Nigeria’s authorities have identified Nadeem Arjarwalla, an executive of Binance, in Kenya after he allegedly eluded Nigerian custody. The government is now working on the process to bring him back to Nigeria. Based on information from Nigerian news source Punch, insiders at the Nigerian presidency revealed that Arjarwalla hid after arriving in Kenya. Nigeria’s administration … Read more
A team that has been involved in past blockchain scams on Magnate, Kokomo, and Lendora is now planning new deceitful ventures on Blast. They have lately transferred approximately $1 million from laundered proceeds to fund these illegal activities. Based on the investigation of crypto sleuth ZachXBT, the money was originally transferred from an Ethereum account … Read more
The aftermath of actions against Binance executives is causing concern in Nigeria, leading some investors to reconsider business deals and collaborations, especially within the web3 sector. Critics argue that the country’s business environment is perceived as risky and that the Nigerian government’s stance towards Binance serves as a warning. Lucky Uwakwe, head of Nigeria’s Blockchain … Read more
Investors specializing in venture capital have returned to the cryptocurrency sector, providing startups with fresh financing options besides traditional methods, including awards and token sales for their projects. Seamless, a lending platform native to Base, has teamed up with Degen Chain at the layer-3 level and Pandora, a semi-fungible token protocol, to award around $600,000 … Read more
Bitcoin (BTC) had been trading within a limited range for most of the week. However, it experienced a significant drop on April 12 and 13, causing approximately $2.5 billion in cryptocurrency liquidations. The long positions outnumbered the short ones during this decline, resulting in substantial losses for investors who had anticipated Bitcoin’s rally around and … Read more
XRP witnessed a massive decline in price over the last few days. Traders turned bearish, and new addresses lost interest. Over the past 24 hours, XRP (Ripple) experienced a drop in value, causing some concern about its potential performance in the cryptocurrency sector. Price takes a hit Based on information from CoinMarketCap, XRP‘s price decreased … Read more