Republican

Biden

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/biden-thanks-nigeria-for-assisting-binance-executives-release/" data-wpel-link="internal">Biden Thanks Nigeria for Assisting Binance Executive’s Release</a> 
As November approaches, the new U.S. President will soon be determined. Kamala Harris has replaced Biden as the candidate, while Trump continues to fight from the opposing side. If the Republican presidential candidate wins, <a href="https://en.coin-turk.com/crypto-leaders-observe-shift-to-stablecoins-in-africa/" data-wpel-link="internal">cryptocurrencies</a> are expected to experience a peaceful environment. However, Biden has also displayed some subtle behaviors, including thanking the Nigerian President today for the <a href="https://en.coin-turk.com/binance-labs-announces-new-investment-in-fitness-app/" data-wpel-link="internal">Binance</a> executive’s release. 
<h2 style="text-align: justify" id="nigeria-and-binance">Nigeria and Binance</h2> 
The Binance executive has been under extreme pressure from the U.S. government for months. Tigran Gambaryan was arrested in Nigeria, charged with various crimes, including money laundering, while he was unjustly detained for a considerable time. 
Nigerian authorities initially held Binance accountable for fluctuations in the local currency, demanding billions in payments from the exchange. They claimed that the extensive use of the exchange by citizens harmed the country’s economy. However, Binance refused to make such payments. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-401753 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/Binance-yoneticisi.png" alt="" width="392" height="418"> 
Subsequently, Tigran was arrested despite his illness and innocence, facing a risk of permanent damage while being detained. We frequently shared statements made by his wife and Binance officials regarding his condition. 
<h2 style="text-align: justify" id="biden-expresses-gratitude">Biden Expresses Gratitude</h2> 
Last week, the Binance executive was finally released. To avoid the risk of sanctions, Nigeria took the necessary steps as Congress signaled a potential “hostage” decision. During a phone call today, Biden thanked Nigerian President Bola Tinubu for facilitating Tigran Gambaryan’s release on humanitarian grounds. 
<blockquote> 
 “President Biden expressed condolences regarding the recent flooding in northeastern Nigeria and highlighted President Tinubu’s leadership in securing the release of Tigran Gambaryan, an American citizen and former U.S. law enforcement officer.” 
</blockquote> 
Gambaryan, who previously worked for the IRS, had transferred to oversee financial crime compliance at Binance. While in detention, he suffered from malaria and pneumonia, but the charges against him were dropped six days ago. 
Meanwhile, Bitcoin recently soared to $73,620. The price, pulled back from its all-time high of $73,777, might reach a new record in the coming hours. 
The post <a href="https://en.coin-turk.com/biden-thanks-nigeria-for-assisting-binance-executives-release/" data-wpel-link="internal">Biden Thanks Nigeria for Assisting Binance Executive’s Release</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Biden Thanks Nigeria for Assisting Binance Executive’s Release

Table of Contents

COINTURK NEWS

Other articles published on Oct 29, 2024

Coinbase CEO Calls for Apology from New SEC Chair

Bitcoin Policy Institute Advocates for BTC as a Central Bank Reserve Asset

Exciting Developments Coming to BabyCate: Swap & Lottery Launch!

Xandeum Confirms XAND Token Launch and xandSOL LST for October 29

Spark: Lightspark’s New Layer-2 Solution for Bitcoin

Elon Musk’s Reaction Triggered by Bitcoin El Salvador President: Details

Join our free newsletter for daily crypto updates!