Teng acknowledged Nigeria’s significant influence over the future of Binance and the broader crypto industry within its borders, underscoring the importance of collaboration with Nigerian authorities.

Teng also said that despite Binance’s repeated efforts at constructive engagement and cooperation with Nigerian authorities, Gambaryan remains in detention for ‘spurious’ reasons.

Binance CEO, in a statement to The PUNCH on Tuesday, said, “To invite a company’s mid-level employees for collaborative policy meetings, only to detain them, has set a dangerous new precedent for all companies worldwide.”

He added, “The message from the Nigerian government is clear: we must detain an innocent, mid-level employee, a former U.S. federal agent, and place him in a dangerous prison to control Binance.

Quote from: Smcchamp on May 04, 2024, 07:43:14 AM

Quote from: Power420 on May 01, 2024, 12:26:50 PM

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

No buddy. This is very healthy imo. BTC is around 61k today. But I'll like to see it at 53k before going all in..

It is normal for bitcoin prices to go up and all investors aim to profit and hold on to bitcoins. But why do you like dumping bitcoin prices, the opportunity to buy bitcoins is present. So Bitcoin price must have come close to $53k, and if you can't buy in this current bear market then definitely use the DCA method. I think the DCA method is the most beneficial way to invest in Bitcoin.

Quote from: dkbit98 on May 01, 2024, 08:44:09 PM

Why are they worried about non-custodial wallets so much, and why did Coinbase exchange suddenly added support for Lightning Network?
As if regulators want for people to only use their ''approved'' services, so they can control where and when you are sending each sat 
I was never a big fan of Lightning Network and it probably going to be even more centralized than it is now...

It is possible that Coinbase will adopt the Lightning Network because it has a network that uses fairly low fees. This network makes it easier for Coinbase users to carry out transactions at fairly cheap fees, so this will make transaction costs at Coinbase even lower.

They could have settled this amicably with Binance and allows youth to hustle through their maybe binance could had been paying task either by quarterly or annually based on their alignments. But instead they went on the wrong way whereby Binance has to ceased their operation in Nigeria, who lose now?

Looking at the regulatory aspect of it and the current rift raft with binance, I think the government don't want to cautiously handle crypto situations amicably in the country , they want it in a forceful way to fully control everything which is not possible hence their Banta with binance.

Remember that you should consolidate only if the fees are really low.
Like sub 10. (Personally, I consolidate only at 1 sat vB)