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Raymond Munene

Raymond Munene is a crypto content writer who contributes to Crypto2Community. With over three years of experience, he is interested in Bitcoin, Blockchain, and Technical Analysis. Focusing on daily market analysis, his research helps traders and investors alike. His particular interest in cryptocurrency and blockchain aids his audience.

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Crypto News

Ninth Circuit Court Revives HEX Token Case Against Binance.US

Crypto News2 years ago

By Raymond Munene8/13/2024

Highlights: A U.S. appeals court has revived a lawsuit alleging Binance.US manipulated the HEX token price. The Ninth Circuit Court ruled that the district court has personal jurisdiction over Binance.US and CoinMarketCap. The case, initially dismissed in 2023, now returns […]

Crypto News

SEC Charges NovaTech Over $650M Crypto Fraud, Alleging Ponzi Scheme

Crypto News2 years ago

By Raymond Munene8/12/2024

Highlights: SEC charges NovaTech with operating a $650 million Ponzi scheme, defrauding over 200,000 investors. Promoters and founders are accused of using investor funds to pay earlier investors and for personal gain. The legal action seeks permanent injunctive relief, disgorgement, […]

Crypto News

Marathon Digital Announces $250M Convertible Notes Offering for Bitcoin Acquisition

Crypto News2 years ago

By Raymond Munene8/12/2024

Highlights: Marathon Digital plans to raise $250 million through convertible senior notes to acquire additional Bitcoin and support corporate growth. The $250M offering, maturing in 2031, targets qualified institutional buyers, with an option to increase by $37.5 million. Marathon’s acquisition […]

Crypto News

Celsius Sues Tether Over $2B Bitcoin Allegedly Lost in Fraudulent Transfers

Crypto News2 years ago

By Raymond Munene8/10/2024

Highlights: Celsius sues Tether for breaching contract terms through “Preferential Application Transfer,” causing substantial financial losses. The lawsuit claims Tether’s hasty liquidation of 39,542.42 BTC was commercially unreasonable and violated market practices. Celsius seeks to reclaim over $2 billion in […]

Crypto News

Cardano Releases Major Hydra Upgrade, Enhances Transaction Efficiency

Crypto News2 years ago

By Raymond Munene8/9/2024

Highlights: Cardano’s Hydra Head 0.18.0 update enhances transaction efficiency by addressing withdrawal delays and improving internal wallet fee calculations. The new Hydra update allows funds to be withdrawn from an open head without closing it, streamlining the user experience. Cardano’s […]

Crypto News

Thailand SEC Launches Regulatory Sandbox to Boost Digital Asset Services

Crypto News2 years ago

By Raymond Munene8/9/2024

Highlights: Thailand SEC launches regulatory sandbox to support innovation in digital asset services, including exchanges, brokers, dealers, fund managers, and custodial wallets. Participants must meet specific qualifications like capital adequacy and robust systems to operate within the sandbox. The sandbox […]

Crypto News

U.S. Judge Approves $12.7 Billion Settlement in FTX, Alameda Case

Crypto News2 years ago

By Raymond Munene8/8/2024

Highlights: FTX and Alameda were ordered to pay $12.7 billion to creditors, ending a 20-month CFTC lawsuit. The settlement includes $8.7 billion in restitution and $4 billion in disgorgement, with no civil penalties. The approved reorganization plan offers a 118% […]

Crypto News

BitGo Secures Major Payment Institution License from Singapore’s MAS

Crypto News2 years ago

By Raymond Munene8/8/2024

Highlights: BitGo secures a Major Payment Institution License from MAS, expanding regulated digital payment services in Singapore. Clients can access BitGo’s insured cold storage custody solution, providing enhanced security for digital assets. Youngro Lee, CEO of BitGo Singapore, hails the […]

Crypto News

Nexera Faces Major Hack, $440K in NXRA Tokens Stolen

Crypto News2 years ago

By Raymond Munene8/7/2024

Highlights: Nexera suffered a significant hack, with $440K in NXRA tokens stolen. The hack involved a breach of Nexera’s proxy contract, allowing the hacker to withdraw funds. Nexera has paused trading and initiated an investigation to recover the stolen funds. […]

Crypto News

Grayscale Expands Crypto Offerings with Bittensor and Sui Trusts

Crypto News2 years ago

By Raymond Munene8/7/2024

Highlights: Grayscale Investments launches Bittensor Trust and Sui Trust, expanding its lineup of innovative crypto investment products. The Bittensor Trust focuses on TAO, while the Sui Trust targets SUI, offering unique blockchain opportunities. New trusts highlight Grayscale’s commitment to diversified […]

Crypto News

SEC Asks NY Court to Deny Coinbase’s Subpoena Request for Documents

Crypto News2 years ago

By Raymond Munene8/6/2024

Highlights: The SEC claims that Coinbase’s subpoena request for millions of documents is excessive and irrelevant to the case. The regulator has already produced 240,000 documents and is reviewing 117,000 more, calling additional requests excessive. Coinbase seeks transparency, arguing the […]

Crypto News

RippleX Announces XRPL Testnet Reset to Boost Features and Efficiency

Crypto News2 years ago

By Raymond Munene8/6/2024

Highlights: RippleX plans an XRPL Testnet reset on August 19, 2024, to enhance performance. New access restrictions aim to prevent network stress and improve Testnet stability. Strategic partnerships expand XRPL’s role in DeFi and asset tokenization. RippleX has announced plans to […]