Arnold Kirimi

Coinbase, one of the leading cryptocurrency exchanges, is facing serious allegations from the United States Securities and Exchange Commission (SEC).  Quick facts: The SEC has countered Coinbase’s argument regarding the regulator’s jurisdiction to prosecute the crypto exchange by filing a response.  The regulatory body claims that the exchange knowingly and deliberately violated securities laws. In … Read more

Multichain, a prominent cross-chain bridge platform, has been forced to suspend its services following a significant outflow of assets totaling a staggering $126 million.  Quick facts: The sudden exodus has raised serious concerns and prompted Multichain to issue a warning to its users, advising them to refrain from utilizing its services until further notice. The … Read more

In a move to enhance transparency and address potential conflicts of interest, the Financial Services Commission (FSC) of South Korea has introduced regulations requiring its internal employees to report their crypto holdings.  Quick facts: The new measures are part of the second phase of legislation aimed at strengthening oversight within the crypto market. In accordance … Read more

In a new development for the Aave protocol, a majority of Aave token holders have voted in favor of a governance proposal regarding the conversion of $3 million from the protocol’s treasury.  Quick facts: The proposal, initiated on July 3rd, involves the conversion of 1,600 Ether (ETH) into wrapped staked Ether (wstETH) and rocket pool … Read more

BlackRock CEO Larry Fink has recently made headlines by recognizing Bitcoin’s emergence as the new “digital gold,” highlighting the transformative potential of the cryptocurrency.  Quick facts: Fink’s change in perspective comes as BlackRock, the world’s largest asset manager, applies for a Bitcoin ETF, igniting institutional interest and driving Bitcoin’s price to new heights. In a … Read more

The International Monetary Fund (IMF) has turned its attention to the world of cryptocurrencies, shedding light on the challenges and potential benefits associated with crypto taxation. Quick facts: In a recent working paper, the IMF acknowledged that governments have yet to fully address the taxation of cryptocurrencies, leaving significant amounts of potential tax revenue untapped. … Read more

Kyle Davies, the co-founder of the bankrupt hedge fund firm Three Arrow Capital (3AC), has announced his intention to donate future earnings from his new venture, Open Exchange (OPNX), to the creditors of 3AC.  Quick facts: The move comes in the aftermath of the collapse of 3AC and the subsequent bankruptcy filings by several crypto … Read more

Bitcoin (BTC), the world’s leading cryptocurrency, experienced a remarkable surge in price following the news of BlackRock’s resubmission of its application for a Bitcoin spot market exchange-traded fund (ETF). Quick facts: BlackRock, the world’s largest asset manager, has refiled its application for a Bitcoin spot market ETF after the Securities and Exchange Commission (SEC) raised … Read more

In a bid to enhance consumer protection and strengthen regulatory oversight in the cryptocurrency sector, Singapore has introduced stringent measures that prohibit lending and staking services on crypto exchanges. Quick facts: As reported by Bloomberg, Singapore’s Monetary Authority of Singapore (MAS), the country’s financial regulator, is taking proactive steps to safeguard crypto consumers and further … Read more