Daniel Nwokolo

Daniel Nwokolo is a refined crypto journalist and content creator at Crypto-news, with a passion for blockchain technology and its transformative potential. Daniel has honed his craft to deliver in-depth analyses, breaking news, and engaging stories that simplify the complexities of the crypto world. Hence, he is a trusted voice for readers navigating the fast-paced crypto industry.

112 articles published

News

South Korean Court Jails Pro Golfer and Crypto CEO for Altcoin Manipulation

Key Takeaways: A South Korean court sentenced Bithumb’s ex-CEO and golfer Ahn Sung-hyun for manipulation. They accepted bribes and luxury gifts to inflate altcoin prices, defrauding investors. Ongoing investigations expose corruption risks in crypto markets, prompting stricter regulations and investor protections. A South Korean court has sentenced a professional golfer Ahn Sung-hyun, and a former…

December 28, 20240Comments

ByDaniel Nwokolo

News

Cambodia Approves Regulated Stablecoins, Bans Bitcoin in New Crypto Framework

Key Takeaways Cambodia’s central bank approved stablecoins for financial firms while banning unbacked assets like Bitcoin. Banks can process crypto transactions, transfers, and custody services under strict regulatory oversight. Firms must secure NBC permits before offering crypto services, ensuring compliance and market stability. Recently, Cambodia's central bank has approved regulated stablecoin services for banks and…

December 27, 20240Comments

ByDaniel Nwokolo

News

Bitwise Files for Bitcoin Reserve ETF Tracking Firms With BTC Holdings

Key Takeaways Bitwise filed for a Bitcoin Reserve ETF to track firms holding 1,000 BTC or more. Eligible firms must have $100 million market caps, $1 million daily liquidity, and low free floats. Unlike traditional ETFs, it weighs firms by bitcoin holdings, capped at 25% for risk management. Bitwise has filed with the U.S. Securities…

December 27, 20240Comments

ByDaniel Nwokolo

News

KULR Technology Adds $21M in Bitcoin to Launch Treasury Reserve Strategy

Key Takeaways KULR Technology purchased 217.18 bitcoin worth $21 million to launch its Bitcoin Treasury strategy. The plan allocates 90% of surplus cash to bitcoin, supporting long-term value preservation. KULR chose Coinbase Prime for custody and wallet services, highlighting the growing institutional adoption of digital assets. KULR Technology Group, a NYSE-listed energy solutions firm has…

December 27, 20240Comments

ByDaniel Nwokolo

News

South Korea Sanctions 15 North Koreans Over Cyber Attacks, Crypto Thefts

Key Takeaways: South Korea sanctioned 15 North Koreans and one organization for laundering stolen cryptocurrency funds. The sanctions target Bureau 313, tied to weapons programs, and hackers linked to the Lazarus Group. Authorities froze assets and urged exchanges to monitor activities, strengthening global cybersecurity efforts. South Korea has imposed sanctions on 15 North Korean individuals…

December 26, 20240Comments

ByDaniel Nwokolo

News

SBI VC Trade Acquires DMM Bitcoin Assets Following $320M Cyberattack

Key Takeaways SBI VC Trade will acquire DMM Bitcoin’s assets after a May 2024 cyberattack. Investigators linked the $320 million bitcoin theft to North Korea’s TraderTraitor group. The transfer, scheduled for March 2025, will ensure seamless account migration and improved security. SBI VC Trade, a Japanese cryptocurrency asset management company, announced it will acquire the assets…

December 26, 20240Comments

ByDaniel Nwokolo

News

Turkey Rolls Out Stricter Crypto Rules to Fight Money Laundering by 2025

Key Takeaways: Turkey’s new crypto rules, effective January 1, 2025, target money laundering and boost transparency. Exchanges must verify identities, monitor transactions, and report suspicious activities to authorities. Non-compliance risks fines or license loss, ensuring market stability and investor protection. Turkey has introduced tougher cryptocurrency regulations to combat money laundering and terrorism financing. The rules,…

December 25, 20240Comments

ByDaniel Nwokolo

News

South Korea’s Crypto Boom—15 M Investors Drive Digital Asset Surge

Key Takeaways South Korea now has over 15 million crypto investors, nearly 30% of its population. The number of investors has steadily grown, adding 100,000 new users each month. By November’s end, reserves surged to 102.6 trillion won, up from 58.6 trillion in July. According to local reports, over 15 million South Koreans own cryptocurrencies,…

December 25, 20240Comments

ByDaniel Nwokolo

News

OKX Ventures Invests in Usual to Expand Decentralized Stablecoin

Key Takeaways OKX Ventures invested in Usual to expand decentralized stablecoins backed by U.S. Treasury Bills. Usual’s USD0 stablecoin uses decentralized governance for revenue sharing and community decision-making. The partnership boosts DeFi integration with real-world assets, enhancing stability and transparency. OKX Ventures, the investment subsidiary of cryptocurrency exchange OKX, announced on December 24 its investment in…

December 24, 20240Comments

ByDaniel Nwokolo

News

Hyperliquid Faces Record $256M Outflows Amid North Korean Hacker Concerns

Key Takeaways: Hyperliquid faced record $256 million outflows amid concerns about North Korean hackers trading on its platform. Security expert Tay Monahan revealed DPRK-linked activity since October, sparking fears over system integrity despite Hyperliquid's denial of exploits. Withdrawals caused a sharp drop in Total Value Locked and HYPE token price, highlighting DeFi platforms' vulnerability to…

December 24, 20240Comments

ByDaniel Nwokolo