Author: Kelvin Munene

Treasury Secretary Scott Bessent backed the CLARITY Act during a Senate hearing and urged lawmakers to pass it this summer. He also said Treasury is moving ahead with a Strategic Bitcoin Reserve using government-held Bitcoin from forfeitures. US Treasury Secretary Scott Bessent backed the CLARITY Act during a Senate Finance Committee hearing on the Treasury Department’s fiscal year 2027 budget. He urged lawmakers to pass the crypto market structure bill this summer. The measure is now on the Senate Legislative Calendar after clearing the Senate Banking Committee in a 15-9 vote. Bessent Urges Action on CLARITY Act Bessent told senators…

US sanctions targeted Nobitex, Iran’s largest crypto exchange, along with Wallex, Bitpin and Ramzinex. Treasury accused the platforms of helping sanctioned Iranian entities move funds, including transactions linked to the IRGC and Iran’s central bank.  The United States has sanctioned Nobitex, Iran’s largest cryptocurrency exchange, in a new move against Tehran’s digital asset networks. The Treasury Department also targeted Wallex, Bitpin, and Ramzinex, as well as several individuals linked to Nobitex. US officials said the action focuses on crypto platforms accused of helping sanctioned Iranian entities move funds. Nobitex denied direct government ties in earlier comments to Reuters and said…

Gravity Bridge lost about $5.4 million in crypto assets after a suspected signing key compromise. The attacker drained USDC, WETH, USDT, and PAXG from the Ethereum-side contract. Meanwhile, the team halted bridge operations and asked validators to stop activity during the investigation. Gravity Bridge suffered a $5.4 million exploit over the weekend after an attacker drained assets from its Ethereum-side contract. On-chain researchers said the incident points to a “suspected signing key compromise,” although the full cause remains under investigation. The bridge team halted operations after the theft and asked validators to stop both validators and orchestrators. The move aimed…

A Chandigarh businessman lost ₹17.5 lakh after the accused persons allegedly lured him through a fake crypto USDT deal. Police said the suspects assaulted him and his associate at Sector-42 lake parking before fleeing with cash bags. One accused has been arrested, while ₹5 lakh has been recovered A cryptocurrency ‘deal’ in Chandigarh turned into a robbery after five accused allegedly lured a city-based businessman with the promise of a USDT transaction. Police said the victim reached Sector-42 lake parking with cash, expecting to complete a trade worth around ₹40 lakh. According to police, the suspect assaulted the businessman and…

Many scams succeed since people trust fake messages. Binance has trained over 179,000 users to spot scams. It also sends warnings and simple guides to help users stay safe Crypto fraud is increasing rapidly worldwide. In 2025, people lost around $17 billion to scams, marking a sharp 30% increase from the previous year. This shows that online crypto fraud has become a serious issue, as criminals are using new technology to cheat users. Today, scams are not simple. Fraudsters use artificial intelligence to create fake videos, copy voices, and send smart messages. These tricks look real and confuse many users. …

Blockchain-Powered Bond Settlement Is Coming to India. Here Is What SEBI Is Planning India’s securities regulator has made its most significant move yet toward putting bonds on a blockchain. The Securities and Exchange Board of India announced plans to pilot tokenised corporate bonds using digital ledger technology, with a rollout expected within six to nine months.  The announcement was made by SEBI Chairman Tuhin Kanta Pandey at the Care Edge Debt Market Summit in Mumbai and came alongside a second initiative, a comprehensive overhaul of disclosure requirements for listed debt securities.  What Tokenisation Solves India’s corporate bond market has long…

Robinhood’s C$250 million acquisition of WonderFi has cleared its final regulatory step after CIRO approved the change of control involving Coinsquare Capital Markets Ltd. The deal gives Robinhood access to WonderFi’s regulated Canadian crypto platforms, including Bitbuy and Coinsquare, and is expected to close around June 1, 2026. Canadian regulators have approved Robinhood’s planned acquisition of WonderFi, moving the C$250 million all-cash deal closer to completion. The approval clears the final regulatory step for the transaction, which the companies expect to close on or about June 1, 2026. The Canadian Investment Regulatory Organization approved the change of control involving Coinsquare…

The future of cryptocurrency is not without its complications. Volatility remains a barrier to wider adoption as a medium of exchange. Cryptocurrency has moved through several distinct phases since Bitcoin launched in 2009. Early adopters gave way to retail investors. Retail investors were joined by institutions. Governments that once ignored digital assets are now building regulatory frameworks around them.  The asset class that many dismissed as a passing trend is now embedded in global financial conversations at the highest levels. Understanding where it goes from here requires looking at three forces shaping its trajectory: adoption, regulation and market evolution. Adoption…

The CLARITY Act could give XRP, ADA, HBAR and XLM clearer legal status by shifting some oversight from the SEC to the CFTC. However, the bill is not law yet and still needs Senate approval, House reconciliation and a presidential signature. Stablecoin yield rules also remain under debate. The CLARITY Act is moving through Congress as one of the most closely watched crypto market structure bills in the United States. The Senate Banking Committee advanced the bill on May 14, 2026, according to legal updates on the measure. The bill still needs full Senate approval, reconciliation with the House version,…

The trading narrative around crypto is not going away, but judging digital assets solely by their price misses the more durable and arguably more important story developing alongside it. Most conversations about cryptocurrency revolve around price. Bitcoin hit a new high. Ethereum is down this week. A new altcoin is gaining momentum. The trading angle dominates the headlines and shapes how most people think about digital assets. But cryptocurrency was built to do something more fundamental than generate returns. It was built to move value. And that original purpose is being realised in a growing number of practical ways that…