Global #binance

The bail request of Tigran Gambaryan, the CEO of Binance who is now being jailed at the Kuje detention center, was delayed by a Nigerian court. The commissioner for the economy and financial crimes filed an application with Justice Emeka Nwite, the head of the Federal High Court in Abuja, requesting an extension of time to provide a thorough answer to the charges that Gambaryan's attorney had added to his defense.

The Indian government originally outlawed Binance, but now it is poised to return after agreeing to pay a hefty fine of about $2 million.

Binance has transferred $1 billion from its Secure Asset Fund for Users (SAFU) to USD Coin (USDC), the stablecoin created by Circle. This means that the fund now accounts for about 3% of the stablecoin's total supply that is in circulation.

Bitcoin exchange Binance is thinking about coming back into the Indian market after being prohibited there in late 2023. The possible re-entry would come with a $2 million fine.

Due to the firm's previous work for rival exchange FTX, the Department of Justice (DOJ) is apparently rethinking its decision to award a significant assignment pertaining to Binance to a well-known New York legal firm.

Following four days of farming, Omni Network's native token, OMNI, will be launched on Binance on April 17.