Author: Kelvin Munene
Kelvin Munene
Kelvin Munene is a crypto and finance journalist with over 6 years of experience in market analysis and expert commentary. He holds a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Coincentral. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
India blocked 3,718 fraudulent apps and saved over Rs. 11,158 crore across 32.80 lakh cybercrime complaints. Authorities also traced Rs. 226.54 crore in suspected crypto transactions and blocked millions of suspect SIM cards, device identifiers and mule accounts.
NYSE is developing a blockchain platform for 24/7 trading and immediate settlement of tokenized securities. The planned venue will support stablecoin funding and several blockchain networks. NYSE also joined DTCC’s production tests and partnered with Securitize, while regulatory approval remains pending. The New York Stock Exchange is moving its tokenized securities plan toward live market use. NYSE President Lynn Martin discussed the project during a capital markets seminar in Seoul. The exchange joined a July production exercise run by The Depository Trust Company, part of DTCC. Separately, NYSE is developing a dedicated venue for continuous trading and immediate blockchain settlement.…
Binance-linked companies are seeking $472.8 million from RedotPay, using a $925 lifetime value for each allegedly diverted customer. RedotPay denies the claims while courts in Hong Kong and Singapore consider the dispute as the company explores a possible US IPO. Binance-linked companies are seeking $472.8 million from RedotPay and its co-founders. Their claim assigns a $925 lifetime value to each customer allegedly diverted from Binance Card. The filing concerns more than 470,000 users. RedotPay denies the allegations and says it will defend the cases. The figure has drawn attention since it places a value on a crypto payments customer. However,…
South Korean police arrested three suspects linked to an alleged $8.55 million XRP cryptocurrency scam involving a fake investment platform. Authorities said 71 investors transferred about 3.4 million XRP after being promised guaranteed returns. Police also requested an Interpol Red Notice for another suspect.
Crypto rug pull scams continue to pose risks for investors as fraudulent projects use unrealistic profit promises, hidden token restrictions, and poor transparency to attract funds. Checking liquidity status, token ownership distribution, project details, and contract activity can help identify potential risks before investing. Crypto investors face risks from projects that appear legitimate but later disappear with user funds. Such practices are known as rug pulls, which often rely on strong marketing, anonymous teams, and high-profit claims. A rug pull usually happens once developers launch a token, attract buyers, limit liquidity, or exit large positions. Users may also find that…
The US Senate has delayed the CLARITY Act vote as lawmakers focus on nominations and a Russia sanctions bill. Ongoing disagreements over crypto ethics rules have limited progress, leaving the bill with a narrow timeline before the August recess.
US authorities seized more than $25 million in cryptocurrency linked to international fraud networks involving romance scams, fake investment platforms, and money laundering operations. The Secret Service and federal prosecutors filed five forfeiture complaints after tracing suspicious crypto transactions across multiple wallets and jurisdictions.
BitMEX will shut down its crypto exchange operations on September 23 after a strategic review by HDR Global Trading. The exchange has asked users to close open positions and withdraw funds before the deadline, while analysts expect limited market disruption due to its low trading share.
India’s Enforcement Directorate is investigating an alleged $35 million Bengaluru crypto scam involving Telegram groups and OTC trades. The accused allegedly built trust through small transactions before collecting larger investments for discounted tokens that were never fully delivered.
Solana’s tokenized-asset trading volume reached a record $5.8 billion in Q2, led by tokenized equities. However, network revenue fell 43% as DEX activity, lending demand, application income, and active users declined.