Tag: Binance

MyShell (Shell) reaches a historical maximum after the news of its inclusion in the Binance list


  • MyShell’s price rose 34% to a new historical maximum of $ 0.68
  • Token ai gained value after Binance announced the inclusion of Shell with an Airdrop on February 27.

MyShell (Shell) rose strongly on Thursday while the market fought to position itself in the middle of the expected inclusion of the project related to artificial intelligence (AI) on the Binance cryptocurrency exchange platform.

Shell’s profits challenged the general recession, with most cryptocurrencies in red numbers during the day and during the past week.

Inclusion in Binance catapult the price of MyShell to a new maximum

Shell, the native token of the myshell consumption layer, shot more than 34% to reach a new historical maximum of $ 0.68.

The project, which is building a framework for AI agents, benefited from the bundle impulse catalyzed by The news What Binance will add commercial support for Shell.

Having changed hands around $ 0.45, the price of MyShell shot over $ 0.60 and broke the previous ATH reached on February 17.

Token’s rebound means that the current price is approximately 188% from the minimum of $ 0.21 observed on February 13.

Binance announced that Exchange will include Shell on February 27, 2025. The main CEX plans to add commercial pairs for Shell against BTC, BNB, USDT, USDC and FDUSD. Shell will also have a commercial pair with the Try fiduciary currency. According to Binance, on Thursday, February 27, an Airdrop for MyShell will be held.

With this, the official list of Token Shell will also be held, expected at 1:00 p.m. UTC. The commercial support for cryptocurrency will include a seed label, Binance said.

A seed label is an added marker to the token list to indicate that the project is new and that its price can experience great volatility. Point out a potential risk for buyers.

Shell’s daily volume increases 209%

The contribution announcement was a notable influx to MyShell, and the native token experienced a significant increase. The volume of daily Shell operations increased more than 209% to exceed 140 million dollars, while market capitalization increased 34% to 172 million dollars.

The totally diluted valuation of the project is currently at 642 million dollars. MyShell has a total supply of one billion and a circulating supply of 270 million Shell.

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Nigerian authorities ask for a fine of 79.5 billion dollars against Binance


  • The federal government of Nigeria sue Binance for a fine of 79.5 billion dollars.
  • The Government demands $ 2 billion in backward taxes for 2022-2023.
  • Binance is accused of tax evasion and operating without a license.

In an unprecedented escalation of legal confrontations, the federal government of Nigeria has filed a new demand against the cryptocurrency giant, Binance, demanding an amazing fine of 79.5 billion dollars.

This legal action occurs in the middle of ongoing disputes that have seen Binance entangled in a network of regulatory challenges within the country.

According to sources Familiar with the new development, the Quid of the demand filed by the Nigerian authorities includes not only the fine of 79.5 billion dollars, but also a demand of $ 2.001 million in backward taxes for the 2022 and 2023 years.

The Federal Internal Tax Service (FIRS) is pressing specifically to obtain detailed financial records of Binance for these years, stating that the exchange has been illegally operating, contributing to the depreciation of the Naira and not complying with fiscal obligations.

The case of the Nigerian government against Binance is multifaceted, accusing the exchange of cryptocurrencies of multiple tax evasion and operating charges without the necessary licenses for more than six years.

The Government had also included money laundering charges, although it later withdrew the charges in October 2024.

Binance problems in Nigeria

The legal problems of Binance intensified after the arrest of two Binance employees, Tigran Gambaryan and Nadeem Anjarwalla, in 2024.

Although Gambaryan, a former IRS agent, was subsequently released thanks to the intervention of the United States and has filed humanitarian demands against Nigeria, Anjarwalla managed to escape from custody and its current location remains a mystery.

The financial demands in the new demand are substantial, with additional fines and interests calculated based on the credit policies of the Central Bank of Nigeria.

The government seeks an annual fine of 10% together with an interest rate of 26.75% on unpaid taxes, demonstrating the severity of financial claims against Binance.

It should be noted that the new demand adds another layer to the already complex relationship between Binance and the Nigerian authorities. The previous accusations have included statements that Binance offered $ 5 million to resolve the case of Gambaryan and address other regulatory violations, although the details in this regard are scarce and Binance has not yet responded to requests for comments on these developments.

The result of this demand could have significant implications not only for Binance operations in Nigeria, but also for the broader approach to the cryptocurrency industry with respect to compliance and regulatory commitment in the largest economy in Africa.

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