While Binance (BNB) faces heat and Ripple’s (XRP) future hangs in the balance, Algotech (ALGT) offers a secure, powerful entry into the crypto world. Don’t miss out – massive gains await!
Binance (BNB) faces ban call in Nigeria
A key advisor to Nigeria’s president has sparked controversy by calling for a ban on cryptocurrency trading platforms like Binance (BNB). He claims Binance (BNB) and other platforms are hurting the country’s currency, the naira.
Bayo Onanuga believes Binance (BNB) and other platforms are manipulating the naira and causing its value to drop. He urged government agencies to take action, and stop Binance (BNB) and other exchanges from operating in Nigeria.
Binance (BNB) has denied these accusations. Moreover, Binance (BNB) says its platform reflects market forces and doesn’t control currency prices. This situation has caused confusion for Nigerians using cryptocurrency, as some platforms have become difficult to access. Furthermore, Binance (BNB) assures that its app still works, and they are open to talking with regulators.
As of today, Binance (BNB) is trading at $398.38. Binance (BNB) is reflecting a 2.77% increase in the past 24 hours.
Ripple (XRP) lawsuit update: Price drops, deadlines approach
The legal battle between the SEC and Ripple continues to cast a shadow over the price of XRP. The price of Ripple (XRP) dipped below $0.55 on Thursday. Both sides prepare their closing arguments on potential remedies in the ongoing lawsuit. Furthermore, the trading volume of Ripple (XRP) significantly dropped by over 26%.
Additionally, a crypto exchange and an alliance recently filed their own lawsuit against the SEC, challenging the regulator’s authority over digital assets like Ripple (XRP).
With key deadlines approaching, including March 13th for final briefs and April 29th for the court’s decision on potential penalties for Ripple, the price of XRP remains volatile. At press time, Ripple (XRP) sits at $0.5565.
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