Author: Kelvin Munene

New Hampshire lawmakers advanced a stricter crypto ATM fraud bill after rejecting a softer amendment. The measure sets daily limits, adds warning requirements, and aims to reduce scams targeting residents, especially older users, as it moves toward final approval. New Hampshire lawmakers moved forward with a bill aimed at reducing fraud involving cryptocurrency ATMs after rejecting an amendment that would have softened the rules. The decision came after reports of growing scam cases where victims lost large amounts of money through kiosk transactions. House approves stricter Senate version of SB 482 The New Hampshire House passed the Senate-backed version of…

Senate leaders plan to mark up the CLARITY Act in late April, but stablecoin yield disputes and other political hurdles still stand in the way. Lawmakers now face a narrow window in May to keep the crypto market structure bill moving The Senate’s next steps on the CLARITY Act have come into focus after Senator Cynthia Lummis said the Banking Committee plans to hold a markup in the second half of April. The update came as lawmakers, lobbyists, and industry groups continued to debate stablecoin yield, agency authority, and ethics rules.  Senator Bernie Moreno also warned that if Congress does…

An Indian-flagged tanker, Sanmar Herald, came under fire in the Strait of Hormuz after its crew said it had received clearance to transit. The incident has raised questions after maritime security alerts warned that unknown actors were posing as Iranian authorities and demanding cryptocurrency for supposed safe passage. An Indian-flagged tanker that came under fire in the Strait of Hormuz may have received a fraudulent transit message before the incident, though authorities have not confirmed that the vessel made any payment.  The tanker, Sanmar Herald, was fired upon on April 18 while attempting to cross the strait. In a distress…

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…