Arnold Kirimi 
Swiss prosecutors have taken a significant step in the ongoing legal saga surrounding Do Kwon, the co-founder of Terraform Labs, by freezing approximately $26 million worth of cryptocurrencies and US dollars believed to be associated with him and his associates. Quick facts: The asset freeze comes as a result of requests made by the New … Read more
Binance, a major force in the cryptocurrency exchange space, is now facing a significant decline in market share due to a series of regulatory hurdles. Quick facts: The world’s largest crypto exchange has been grappling with various legal challenges and regulatory actions, resulting in a substantial erosion of its market dominance. According to Bloomberg, Binance’s … Read more
Executives from the crypto yield platform Haru Invest have been hit with a travel ban by South Korean prosecutors amidst ongoing fraud allegations. This development adds to the growing concerns surrounding the cryptocurrency industry as the collapse of FTX and the subsequent arrest of its CEO, Sam Bankman Fried, send shockwaves through the global financial … Read more
Until the summer of 2022, Sam Bankman-Fried was widely recognized as a prodigious figure in the world of cryptocurrency. At the age of 30, he founded one of the largest cryptocurrency exchanges globally, earning him the reputation of a prodigious and innovative entrepreneur. Behind Bars or Redemption? The Fate of Sam Bankman-Fried Quick facts: Not … Read more
In the ever-evolving landscape of technology, a significant milestone has been achieved as the Hedera (HBAR) network integrates the ChatGPT plugin, forging a powerful connection between blockchain technology and Artificial Intelligence (AI). This groundbreaking integration opens up new possibilities for users, allowing them to seamlessly manage their accounts and navigate the Hedera platform with greater … Read more
In a recent development surrounding the collapse of crypto lender Celsius, creditors have filed an amended lawsuit accusing the company’s executives of engaging in wash trading. Quick facts: According to a report by Bloomberg, the lawsuit now includes algorithmic trading firm Wintermute as defendant. These allegations add to the growing scrutiny faced by Celsius executives, … Read more
Mitsubishi UFJ Financial Group Inc., the leading Japanese bank, is actively engaged in negotiations with global stablecoin issuers to facilitate the issuance of their tokens through its own blockchain platform. Quick facts: As of June 1, Japan’s stablecoin law has come into effect, permitting licensed banks, registered money transfer agents, and trust companies in the … Read more
BitGo, a leading cryptocurrency custody provider, has faced a setback in its bid to acquire Prime Trust, a financial institution specializing in custodial and escrow services for digital assets. Quick facts: According to a recent tweet from BitGo’s official Twitter account, Prime Trust’s regulatory difficulties have caused the planned acquisition, which was just over two … Read more
In an exciting turn of events, the cryptocurrency market is witnessing a major resurgence, led by Bitcoin’s breakthrough of the crucial $30,000 resistance level for the second time this year. Amidst this market bounce-back, Floki, a rising memecoin, has stolen the spotlight with an impressive 18% surge, overshadowing notable competitors like Dogecoin and Shiba Inu. … Read more
In a remarkable fusion of traditional postage and cutting-edge blockchain technology, the Faroe Islands has made its entry into the world of digital collectibles by introducing a groundbreaking series of “crypto stamps” stored as nonfungible tokens (NFTs) on the blockchain. Quick facts: The official postage issuer of the region, Posta Faroe Islands, in collaboration with … Read more