Ezra Kaimenyi

Nairobi

Content Writer and Freelance Journalist at The Crypto Times

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cryptotimes.io

Articles

Indian Police Officer Arrested in $216,000 Bitcoin Scam Case

May 31, 2024 | cryptotimes.io | Ezra Kaimenyi

Chandrahar SR, a former CCB inspector in India, was arrested for allegedly stealing $216,000 in Bitcoin. The arrest was part of an investigation into a 2020 cryptocurrency scam that involved hacking significant exchanges. The Special Investigation Team (SIT) arrested Chandrahar at his North Bengaluru home after he had been avoiding capture. His anticipatory bail had previously been rejected.
EOS Network Approves New Tokenomics Plan

May 31, 2024 | cryptotimes.io | Ezra Kaimenyi

The EOS Network Foundation, under the guidance of CEO Yves La Rose, has approved a pivotal proposal to cap the total EOS token supply at 2.1 billion, a significant reduction from the planned 10 billion. This decision will burn nearly 80% of the future emissions, effectively setting a permanent cap on the number of tokens. Yves La Rose announced the community’s consensus on the tokenomics changes in a recent post on X, noting that this initiative primarily targets tokens slated for future release.
Former Deutsche Bank Exec Sentenced for Fraudulent Schemes

May 31, 2024 | cryptotimes.io | Ezra Kaimenyi

Rashawn Russell, a 28-year-old former Deutsche Bank AG investment banker, received a 41-month prison sentence for fraud, including a cryptocurrency Ponzi-like scheme and a separate access device fraud. The sentencing took place in the Eastern New York District Court in Brooklyn. In addition to his prison term, Russell must pay the victims $1.5 million in restitution.
Unchained and UATX Launch $5M Bitcoin Endowment Fund

May 31, 2024 | cryptotimes.io | Ezra Kaimenyi

In collaboration with the University of Austin (UATX), Unchained has established the first long-term endowment fund denominated in Bitcoin. The fund aims to secure $5 million, which will be invested for at least five years. In a groundbreaking partnership, Unchained and the University of Austin @uaustinorg are launching the first long-term endowment fund held in #bitcoin.
Robinhood Moves Close to Settle GameStop Meme Stocks Suit

May 30, 2024 | cryptotimes.io | Ezra Kaimenyi

A court document revealed that Robinhood is finalizing a settlement with investors who sued over its trading limits on GameStop and other stocks during the 2021 meme stock surge. In a May 28 filing in Miami federal court, the online brokerage indicated that it expects to conclude the settlement and dismiss the case within two weeks. The trading curbs, imposed between January 28 and February 4, 2021, sparked widespread anger among users and attracted the attention of legislators and regulators.
Helen Toner Unveils OpenAI Controversy on TED AI Show

May 29, 2024 | cryptotimes.io | Ezra Kaimenyi

In a revealing interview on the “TED AI Podcast,” Helen Toner, a former board member of OpenAI and a recognized AI policy expert, revealed significant problems at OpenAI that resulted in the controversial firing and quick rehiring of CEO Sam Altman. Hosted by Bilawal Sidhu, the discussion highlighted the lack of transparency and internal disputes at one of the leading AI companies.
Ronaldo Launches Career Highlight NFTs with Binance

May 29, 2024 | cryptotimes.io | Ezra Kaimenyi

Cristiano Ronaldo went further by investing in the Web3 ecosystem and the latest formation of a new NFT drop with Binance. Named “Forever Worldwide: Entitled “The Road to Saudi Arabia,” the collection features Ronaldo’s early playing days as a football wonder in Madeira and his career playing for other clubs such as Manchester United and Real Madrid. Introducing my newest NFT collection which launches today on #Binance.
Hong Kong SFC Tightens Rules for VATPs

May 29, 2024 | cryptotimes.io | Ezra Kaimenyi

The SFC of Hong Kong revealed that starting mid-this year, Virtual asset trading platforms (VATPs) operating in Hong Kong strictly have to be licensed under the provisions of the Anti-Money Laundering and Counter-Terrorist Financing Order (AMLO)) to be legal. This regulatory change requires VATPs to either be licensed by the SFC or qualify as “deemed-to-be-licensed” applicants. Operating without compliance is a criminal offense, and strict action is promised against any violations.
BlackRock’s ETF Is Now the World’s Largest Bitcoin Fund

May 29, 2024 | cryptotimes.io | Ezra Kaimenyi

BlackRock Inc.’s iShares Bitcoin Trust has overtaken Grayscale’s Bitcoin Trust to become the largest Bitcoin fund globally. As of Tuesday, May 28, the iShares Bitcoin Trust’s assets reached almost $19.79 billion, just edging out Grayscale’s $19.75 billion. This achievement came after steady investments flowed into the BlackRock fund, highlighted by a significant gain of 1,505 BTC, worth about $102 million, on that day.
Mt. Gox Moves $9B in Bitcoin for Repayment Strategy

May 28, 2024 | cryptotimes.io | Ezra Kaimenyi

Recently, Mt. Gox consolidated $9.8 billion in bitcoin into a single wallet, raising concerns among its creditors. This major consolidation occurred without prior notification from Mt. Gox Trustee Nobuaki Kobayashi, leading to widespread speculation and concern. Hours after the transaction, Trustee Kobayashi addressed these concerns in a statement. The Trustee explained that the transfer was to prepare to repay creditors according to the Rehabilitation Plan.