Arnold Kirimi

Arnold is a Web3 journalist who has been active in the blockchain sector since 2016. He enjoys talking about blockchain and its implications for the future of humanity. You can follow me on Twitter and Linkedin

Ripple Expands to Singapore with Major Payments Institution License Approval

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Ripple, the prominent blockchain-based payments firm, has achieved a major breakthrough with the approval of a Major Payments Institution License from the Monetary Authority of Singapore (MAS). This significant regulatory milestone allows Ripple’s Singapore branch to provide regulated digital payment token products and services, as well as expand the adoption of its crypto-enabled On-Demand Liquidity … Read more

Bitcoin (BTC) Surges Past $30,000 as Institutional Interest Fuels Optimism

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The largest cryptocurrency in the world, Bitcoin (BTC), experienced a significant upswing this week and reached a two-month high thanks to a number of applications for an exchange-traded fund (ETF) that tracks the digital asset. The surge of as much as 14% over the past three days has sparked optimism and renewed speculation regarding increased … Read more

US Regulations Drive Gemini’s Expansion into Asia-Pacific Hiring Spree

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Amidst a tightening regulatory environment for cryptocurrencies in the United States, Gemini, run by the Winklevoss twins, is beginning a significant expansion into the Asia-Pacific region. To facilitate this expansion and tap into new avenues of growth beyond American borders, Gemini has announced plans to hire 100 additional employees.  Quick facts: As per the announcement … Read more

Tether (USDT) Expands Stablecoin Offering to Kava Blockchain

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Tether Operations Limited (Tether), the company behind the world’s largest stablecoin, USDT, has announced its plan to launch USDT tokens on the Kava blockchain. This move represents an expansion of Tether’s USDT offering, aiming to provide users within the Kava network with access to a trusted and widely adopted stablecoin. Quick facts: As per the … Read more

Wyre Decides to Wind Down Operations Citing Crypto Bear Market

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San Francisco-based crypto payments firm, Wyre, has recently announced its decision to shut down after nearly a decade in business. The company cites the challenging conditions of the crypto bear market as the primary reason for winding down its operations. This move has sent shockwaves through the industry, highlighting the impact of market volatility on … Read more

BlackRock Sets Stage: Investment Giants Join Race with Bitcoin ETFs Filings

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The competition to introduce a spot Bitcoin exchange-traded fund (ETF) in the United States is heating up as two investment companies have recently submitted fresh filings to the Securities and Exchange Commission (SEC) for ETFs centered around the popular cryptocurrency. Quick facts: WisdomTree, an asset management firm, has lodged a filing for its proposed WisdomTree … Read more

Binance Boosts Bitcoin (BTC) Efficiency with Lightning Network Integration

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On June 20, crypto exchange Binance announced its integration of Lightning nodes on the Bitcoin network, aiming to provide Lightning-based deposit and withdrawal services to its users. The exchange acknowledged that there is still ongoing technical work required before Lightning is fully integrated, but assured users of regular updates. Quick facts: The Lightning network acts … Read more

Litecoin LTC Witnesses Impressive Network Growth Ahead of August Halving Event

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Despite the recent decline in price, Litecoin (LTC) has experienced significant bullish momentum in various important growth indicators, such as the total number of daily active users. As the halving event approaches, all eyes are on Litecoin, with investors eagerly awaiting potential price movements and the continuation of its impressive upward trajectory. Quick facts: After … Read more

Deutsche Bank Seeks Approval to Offer Crypto Custody Services

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Once regarded as niche and speculative, cryptocurrencies and blockchain technology are now receiving enthusiastic acceptance from well-established traditional players. Reflecting this paradigm shift, Deutsche Bank, the largest lender in Germany, has made a groundbreaking choice to align itself with the crypto movement, marking a notable milestone in the institutional acknowledgment of digital assets. Quick facts: … Read more

Ripple Lawyer Suggests Potential Bias in SEC’s Approach to Digital Assets

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Ripple lawyer Stuart Alderoty has raised concerns regarding the impartiality regulations governing employees of the U.S. Securities and Exchange Commission (SEC), suggesting possible bias in the commission’s stance on various digital assets.  Alderoty emphasizes that federal law, specifically 5 CFR 2635.101(b)(14), obligates SEC personnel to demonstrate impartiality and maintain an appearance of fairness. The key … Read more