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Tether (USDT)

Binance Halts Nigerian Naira Transactions, Compliance Concerns Intensify

Binance has announced its plans to halt its services involving the Nigerian Naira (NGN) due to heightened regulatory attention from authorities in Nigeria. The crypto exchange said that it will remove all current NGN pairs by Thursday, and any remaining NGN balances will be transformed into USDT by Friday. According to the official blog post, Binance will halt NGN withdrawals starting from March 8, following which, any remaining NGN balances in users’ Binance accounts will be...

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WSJ Parent Company Sued Over Tether, Bitfinex Article

At the beginning of last spring, the Wall Street Journal published an investigative article on Tether, Bitfinex, and related companies. The majority stake of both Tether and the Bitfinex exchange is owned by iFinex, a corporation established in the Virgin Islands. Controversial Article At the time, the Wall Street Journal claimed that the two companies, along with a slew of smaller shell firms related to the crypto businesses and their executives, employed shady methods in...

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Tether (USDT) Records New Milestone, Hits $100B Market Cap

Tether (USDT), the largest stablecoin by market capitalization, continues its growth by reaching a new milestone of $100 billion. Data from CoinGecko shows that the stablecoin recorded a market cap of $100.24 billion on Monday at 9:15 UTC before returning to levels below $99.7 billion. USDT Hits $100B Market Cap Tether’s new all-time high comes just two months after the digital asset surpassed the $90 billion mark. CryptoPotato reported in December that the surge past $90...

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Scotty the AI ICO Raises $1M As Crypto Prices Explode

Decentralized AI is rising, with the ecosystem’s market cap recently crossing $28.5 billion, jumping 3.16% today. New presale meme coin-cross AI solution Scotty the AI is benefitting, having soared past the $1 million total raise milestone. Investment is flooding the ICO, raising over $400K in the last five days. The accelerating rate of growth illustrates a rising investor confidence that Scotty the AI is a crypto to watch. Market participants can buy the presale from the...

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Important Binance Updates Concerning Numerous Altcoin Traders

TL;DR Binance expanded its margin program with new isolated and cross margin options. The exchange is also removing certain pairs due to low performance, as part of its regular updates and reviews to maintain trading quality and volume. The world’s largest cryptocurrency exchange increased the number of trading pairs offered on its margin program. SHIB/FDUSD, DOT/FDUSD, WLD/FDUSD, LDO/FDUSD, NEAR/FDUSD, and TIA/FDUSD were added as new isolated margin pairs, while ADX/USDT...

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BTC Rejected Off $64,000 As Crypto Market Suffers $600 Million Of Liquidations

The price of Bitcoin (BTC) experienced massive volatility on Wednesday, soaring to nearly $64,000 before sinking again to $60,500 within one hour. Amid the chaos, crypto traders have experienced $638 million in liquidation over the past 24 hours, including $391 million of liquidations in the past 4 hours alone. According to Coinglass, about $55 million of liquidations in the last hour impacted a consortium of little-known altcoins, while $96 million was liquidated on BTC...

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