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Nigerian authorities have rescheduled the trial of Binance high-ranking executive Tigran Gambaryan to Sept. 2, which is a month earlier than the initial schedule.  The Nigerian court made the decision after Gambaryan’s defense team requested to expedite the hearing, citing health issues. Binance urges U.S. intervention as detained Nigerian executive's health worsens, hearing date moved up. The more we speak out, the more likely the Nigerian federal government will address this issue. Please support the Tigran family. Support #Freetigran + RT @Binance family pic.twitter.com/OuAA0lASQV — OMO 🔶 BNB (@Crypto_omo) August 27, 2024 Gambaryan was arrested on accusations of money laundering and financial crimes amounting to $34 million after being lured to Nigeria for a business meeting in February 2024. Gambaryan was arrested together with fellow executive Nadeem Anjarwalla, who later managed to escape, leaving Gambaryan to face the charges alone.  Rich...

Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend. Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region, allowing users to spend USDC through its network. It’s happening, folks! And let’s not forget about Bitcoin (BTC) — that digital gold is still on the rise and decoupling from Wall Street, once again proving its value proposition and prompting calls for a hedge against equity markets in the long run. This week’s Crypto Biz documents the latest developments on worldwide crypto adoption, and how banking system fears impact the crypto space. Banks turmoil and regulatory crackdowns happening worldwide have not slowed down the ongoing blending of traditional and decentralized finance (DeFi). The on-ram...