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Nigerian Authorities Slap Binance with $10 Billion Fine Amid Crypto Crackdown – Cryptonews
Last updated: March 1, 2024 06:52 EST | 2 min read The Nigerian government has imposed a staggering $10 billion fine on Binance as part of a crackdown on the platform in an effort to stabilize the nations local currency. Bayo Onanuga, the special adviser on information and strategy to President Bola Tinubu, revealed the fine in an interview with the BBC, according to areport Premium Times reported on Friday. According to Onanuga, Binance has allegedly profited significantly from illegal transactions in Nigeria while the country has suffered substantial losses.
IRS hires ConsenSys, Binance US, and TaxBit executives to strengthen crypto supervision – crypto.news
The Internal Revenue Service (IRS) is hiring employees from the crypto industry to improve its expertise in working with digital assets. According to a Feb.
Inside story of Binance executives’ detention in Nigeria – Business Insider Africa
The two executives travelled to Nigeria after the recent ban of Binance and several cryptocurrency trading platforms to halt what it described as continuous manipulation of the forex market and illicit movement of funds. Upon arrival, they were apprehended by the office of the national security adviser, who also confiscated their passports, as reported by the Financial Times. Yemi Cardoso, Nigeria's central bank governor, during the monetary policy meeting earlier this week, stated that Binance Nigeria has facilitated transactions exceeding $26 billion from unidentified sources in one year
Over $26 billion passed through Binance Nigeria from unknown sources- Cardoso – Business Insider Africa
In the case of Binance, in the last one year, 26 billion dollars has passed through Binance Nigeria from sources and users who we cannot adequately identify, he told reporters.
Nigeria fines Binance $10b in forex-rate manipulation probe – crypto.news
Binance faces another hefty fine following $4.3 billion paid to U.S. authorities as part of a plea settlement with the Department of Justice.
SEC’s Hester Peirce wants more decentralization in the financial system – Cointelegraph
United States Securities and Exchange Commission Commissioner Hester Peirce has advocated for more decentralization in the U.S.
Decentralized AI will play a pivotal role in shaping the future of AI – TechRadar
In the burgeoning field of artificial intelligence, the term 'decentralized AI' has emerged as a beacon of potential transformation.
Android Auto AI message summaries are now available here’s how it works – 9to5Google
With the launch of Android Auto 11.4, Google is making its AI message summaries available to all users. Heres how the feature works. AI messages summaries were first announced by Google earlier this year as a way to quickly understand long messages without having Google Assistant read the whole thing aloud
Here Come the AI Worms – WIRED
As generative AI systems like OpenAI's ChatGPT and Google's Gemini become more advanced, they are increasingly being put to work. Startups and tech companies are building AI agents and ecosystems on top of the systems that can complete boring chores for you: think automatically making calendar bookings and potentially buying products.
These are the top AI programming languages – Fortune
Weve all heard some of the conversations around AI. While there are many risks, the opportunities for global development and innovation are endlessand likely unstoppable