Arnold Kirimi

South Korea’s primary financial regulatory body, the Financial Services Commission (FSC), has announced new guidelines that will necessitate corporations dealing with or owning cryptocurrencies to provide comprehensive crypto disclosures in their financial statements starting in 2024. Quick facts: The FSC released a statement outlining the new legislation. According to the document, companies involved in issuing … Read more

In response to the soaring performance of Coinbase’s (COIN) stock, ARK Invest, led by Cathie Wood, has made the decision to sell $12 million worth of Coinbase shares.  Quick facts: The move comes as Coinbase’s stock reaches a near one-year high following the exchange’s announcement of a surveillance-sharing agreement with five spot Bitcoin exchange-traded fund … Read more

The highly anticipated claims portal launched by FTX, the bankrupt cryptocurrency exchange, vanished shortly after its debut, leaving users in a state of uncertainty.  Quick facts: The portal, designed to allow affected users to file proofs of claim, went offline for unknown reasons, disrupting the filing process The FTX claims portal, which went live on … Read more

The Bored Ape Yacht Club (BAYC) has unveiled its latest innovation, “Made by Apes,” an on-chain IP verification tool developed in collaboration with SaaSy Labs.  Quick facts: The new tool aims to empower BAYC members to verify the authenticity of their NFT creations and establish an official catalog within the club. Meanwhile, the BAYC floor … Read more

Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” continues to express his optimism about Bitcoin, predicting a price level of $120,000 in the midst of plans by the BRICS alliance to introduce a gold-backed cryptocurrency.  TLDR: In a recent tweet, Kiyosaki highlighted the potential adoption of a gold-backed digital currency by the BRICS … Read more

The Financial Conduct Authority (FCA) of the United Kingdom has launched a major crackdown on illegal cryptocurrency ATM machines in a bid to tackle illicit activities in the crypto space.  Quick facts: The crackdown follows the FCA’s ultimatum issued on February 14, which required all crypto ATM operators in the UK to either comply with … Read more

Customers of Voyager Digital, the bankrupt crypto lender, have wasted no time in withdrawing their funds, resulting in a significant outflow of $250 million in crypto assets.  Quick facts: After almost a year of suspended withdrawals and filing for Chapter 11 bankruptcy, Voyager Digital recently reopened its withdrawal service on June 23. Since then, investors … Read more

Bitcoin (BTC) whales, the influential investors with substantial Bitcoin holdings, are displaying unwavering confidence in the cryptocurrency, defying the current sideways price action.  Quick facts: According to on-chain analytics firm Santiment, these whales have accumulated an additional 71,000 BTC in the past three weeks, valued at approximately $2.15 billion. The accumulation trend has emerged despite … Read more