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Cryptocurrency sports betting firm to expand presence in Kenya

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Leading sportsbook platform, Sportsbet.io has announced plans to expand presence in Kenya’s betting arena with inclusion of three additional ambassadors in its campaign. The firm...

US bans China crypto-miner from nuclear base area

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US President Joe Biden has ordered a Chinese-owned cryptocurrency miner and its partners to sell land they own near a US nuclear missile base,...

Fallen ‘Crypto King’ Sam Bankman-Fried gets 25 years for fraud

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Sam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of his...

Law to make Kenya digital assets hubs underway

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A new law that will spur investment and accelerate legal use of digital assets in Kenya is underway following submission of the draft document...

BAK extends hearing window for bill seeking to tame crypto fraud

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The Blockchain Association of Kenya (BAK) has given those interested in submitting their input in the draft Virtual Asset Service Provider (VASP) bill to...

Binance chief pleads guilty to money laundering charges

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The Binance chief executive, Changpeng Zhao, has resigned after pleading guilty to money laundering violations. "I made mistakes, and I must take responsibility. This is...

Sandboxing is best way to regulate innovations, says Chiloba

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Adoption of alternative regulatory tools is the best way to oversight complexities arising from new and emerging innovations in Kenya. Appearing before a special committee...

TerraUSD: South Korea ‘cryptocrash king’ Do Kwon jailed

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Do Kwon, the cryptocurrency boss behind the $40bn (£31.3bn) collapse of the terraUSD and Luna tokens, has been sentenced to four months of jail...

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