Author: Kelvin Munene

CoinSwitch’s Q1 2026 report shows Indian crypto investors trade most actively between 10 p.m. and 11 p.m., with weekday activity topping weekends. The data also points to stronger dip-buying during market corrections and continued preference for long-term holding. Indian crypto investors now trade most actively between 10 p.m. and 11 p.m., a pattern that points to rising participation after work hours. CoinSwitch’s Q1 2026 report also shows that weekday activity exceeds weekend trading, even though digital assets trade around the clock. The trend suggests that more investors now follow routine-based strategies instead of chasing random market moves. The report found…

Zondacrypto’s supervisory board resigned after citing governance failures and poor internal communication. The case intensified after hot wallet balances dropped, withdrawal complaints grew, and Polish prosecutors opened an investigation, drawing wider attention to the exchange’s Swiss links and regulatory standing. The entire supervisory board of BB Trade Estonia OÜ, the company operating crypto exchange Zondacrypto, resigned this week, adding new pressure on the platform’s corporate structure and financial standing. Veronika Togo, Guido Bühler, and Georgi Džaniašvili submitted their resignations separately and later issued a joint statement explaining their decision. In that statement, the former board members said management failed to…

Rs 38 Lakh Crypto Theft in Hyderabad: How Hackers Drained a Digital Wallet  Cybercriminals have reportedly breached a crypto wallet belonging to a Hyderabad resident stealing digital tokens worth Rs 38 lakh. The incident adds to a growing string of cryptocurrency thefts targeting individuals across India and underlines the rising threat to retail crypto holders. How the Attack Unfolded The breach involved hackers gaining unauthorised access to the victim’s crypto wallet. Once inside they drained the digital tokens stored there. The exact method used has not been fully disclosed but such attacks in India typically involve phishing websites, fake KYC…

Robert Dunlap, a Houston man, was sentenced to 23 years in federal prison after prosecutors said he ran the Meta-1 Coin scam by falsely claiming the token was backed by $44 billion in gold and up to $1 billion in art. Authorities said nearly 1,000 investors lost more than $20 million in the scheme A Houston man has received a 23-year federal prison sentence after authorities said he ran a long-running cryptocurrency fraud tied to a fake asset-backed token. Prosecutors said the scheme, built around Meta-1 Coin, caused nearly 1,000 investors to lose more than $20 million between 2018 and…

Pakistan has lifted its seven-year crypto restriction and now allows banks to provide services to licensed virtual asset firms. Banks still cannot trade, invest in, or hold crypto using their own funds or customer deposits, while all approved activity must follow strict AML, KYC, and client fund segregation rules Pakistan has opened formal banking access for licensed crypto firms after the State Bank of Pakistan replaced its 2018 restrictions with a new framework for regulated entities. The change allows banks and other SBP-regulated institutions to open accounts for virtual asset service providers licensed by the Pakistan Virtual Asset Regulatory Authority.…

The SEC approved FINRA’s plan to remove the $25,000 minimum balance rule for pattern day traders and replace it with a real-time intraday margin system The U.S. Securities and Exchange Commission approved FINRA’s plan on April 14 to remove the $25,000 minimum equity requirement tied to day trading in margin accounts. The change also ends the long-standing “pattern day trader” label, which had limited customers with smaller accounts from making more than four day trades within five business days. In its place, regulators approved a new intraday margin framework based on a trader’s real-time exposure. SEC approves end of $25,000…

The U.S. Justice Department has opened a compensation process for OneCoin victims, with more than $40 million in forfeited assets available. Eligible claimants who bought OneCoin between 2014 and 2019 and suffered net losses can file petitions by June 30. The U.S. Department of Justice has opened a formal compensation process for victims of the OneCoin fraud. The program covers people who bought the token between 2014 and 2019 and suffered a net financial loss. More than $40 million in forfeited assets is now available, although reported losses from the scheme exceed $4 billion worldwide. DOJ opens remission process for…

The Bank of Korea wants crypto exchanges to add circuit breakers after Bithumb mistakenly sent 620,000 BTC instead of 620,000 won. The error triggered heavy selling, and the central bank now wants stronger safeguards and tighter exchange controls. South Korea’s central bank is calling for tighter controls on crypto exchanges after a major Bitcoin transfer error at Bithumb shook the local market. In a payments report released on Monday, the Bank of Korea said lawmakers should consider rules that require exchanges to pause trading during sudden price moves. The proposal follows a February mistake in which Bithumb sent customers 620,000…

Scammers are increasingly combining AI buzzwords with crypto promises to lure unsuspecting investors. A Chandigarh resident lost over Rs 37 lakh to an elaborate cryptocurrency trading scam after fraudsters used fake certificates and doctored transaction screenshots to gain his trust. Narender Ahlawat a resident of Sector 44 Chandigarh believed he had found genuine investment opportunity. Fraudsters claiming to represent a company called TRD-NFT reached out to him promising daily returns of 2% through AI-powered crypto trading. The pitch was polished and convincing. Fake certificates and fabricated transaction records made the scheme look credible. Ahlawat transferred $40,704 which is roughly Rs…

Japan Approves Bill to Classify Crypto as Financial Instruments and Tighten Rules Under FIEA Japan has approved a bill to classify crypto assets as financial instruments under the Financial Instruments and Exchange Act. The move places digital assets under a stricter legal framework covering trading conduct, disclosure and exchange activity. It also reflects how Japan is updating crypto rules as the market draws more investors and larger financial firms. Crypto moves into Japan’s investment framework Japan’s cabinet approved amendments to the Financial Instruments and Exchange Act on Friday. Under the revised framework, crypto assets will be treated more like regulated…