Karikari Daniel
I am an avid crypto and blockchain content writer with over 3-years of experience. I am open to writing your PR, blog, news articles, and other crypto-related content anytime.
Articles by Karikari Daniel
1 year ago
1 min read
Polygon, a blockchain network, has partnered with BitGo, a crypto custody provider, to allow ERC-20 MATIC holders to stake their coins and earn rewards. This partnership will allow MATIC holders to securely store their coins and earn rewards for holding them. Chen Fang, the Chief Operating Officer at BitGo, said in a statement, “By offering more features for MATIC, we’re providing investors with a safer way to custody their assets and providing platforms with the tools they need to build the future.” The partnership between Polygon and BitGo is just the latest in a series of strategic partnerships that Polygon
1 year ago
1 min read
Stargate Finance, an open-source protocol for interoperable cross-chain data, has announced that it will integrate with Metis, a layer-2 scaling solution for cross-layer messaging. This integration will allow Stargate Finance users to benefit from Metis’s faster and cheaper layer-2 solutions for cross-chain messaging, which is a critical component of the Stargate Finance ecosystem. According to the co-founder of Stargate Finance, this integration will help to “address the scalability, cost, and interoperability challenges that are currently facing the blockchain industry.” The goal is to create an Omni-chain ecosystem where crypto users can seamlessly interact with web3 solutions like decentralized exchanges and
1 year ago
1 min read
Singapore-based digital asset management firm Amber Group has reportedly cut its Hong Kong staff by half, from 80 to 40 people. According to a report by the South China Morning Post, Amber has cut its compliance workforce in Hong Kong to just five people from 20, and made its entire auditing team redundant. The report also states that payments to many of the company’s third-party vendors have been delayed, in some cases by up to six months. Amber was founded in 2017 in Hong Kong, but later moved its head office to Singapore. The company had previously stated that it
1 year ago
1 min read
Digital Currency Group (DCG), a venture capital firm, has announced that it will be halting its quarterly dividend payments in an effort to preserve liquidity. This decision is in light of the financial troubles faced by its subsidiary, crypto broker Genesis Global Trading. Genesis currently owes creditors over $3 billion, and DCG is considering selling some of its assets to mitigate these issues. Customers of Genesis have been unable to withdraw funds since November 16th, which prompted Cameron Winklevoss, on behalf of his exchange Gemini, to call for the removal of DCG’s CEO, Barry Silbert, in an open letter. Winklevoss
1 year ago
1 min read
Monex Group, a Tokyo-based online brokerage company, is interested in joining the bidding for the Japan subsidiary of collapsed cryptocurrency exchange FTX, according to a report by Bloomberg. Monex Group’s CEO, Oki Matsumoto, stated that “Generally speaking, we naturally are interested.” He also noted that it would be a “very good thing” for Monex to reduce the number of crypto exchanges it competes with. The U.S. Bankruptcy Court in Delaware has given FTX permission to sell off assets to pay back creditors, including FTX Japan Holdings. Parties interested in acquiring FTX Japan must submit a non-binding preliminary bid by February
1 year ago
1 min read
Soochow Securities is the first financial institution to use the central bank digital currency (CBDC) in the securities market. Through the firm’s mobile app, investors can now purchase wealth management products with the digital yuan. This marks an important milestone in the adoption of the e-CNY and its use in the financial sector. The People’s Bank of China (PBOC) has been piloting the e-CNY in several cities since 2020. Last year, the amount of e-CNY in circulation across these cities reached 13.61 billion yuan (US$2 billion). This amount accounted for 0.13% of the M0 supply — the total currency in
1 year ago
1 min read
Regulators in Hong Kong are taking steps to ensure the safety of retail investors in the cryptocurrency market. The Securities and Futures Commission (SFC) is creating a list of approved crypto assets for non-professional investors to trade in. SFC’s CEO, Julia Leung Fung-yee, stated that the whitelisted crypto tokens will be highly liquid and deemed safe enough for retail traders. The list will only include major virtual assets, as the SFC does not plan to allow retail investors to trade in all of the over 2,000 products available on virtual asset platforms. In addition to the approved list, the SFC
1 year ago
1 min read
In a coordinated effort, European law enforcement agencies have successfully taken down a cross-border cryptocurrency fraud network that spanned across Serbia, Germany, Cyprus, and Bulgaria. The network, which was using call centers to defraud international victims out of tens of millions of euros, was uncovered during an online scam investigation that was launched in 2021. The European Union Agency for Criminal Justice Cooperation and Europol arrested 14 people in Serbia and one in Germany in connection with the operation. A total of 150 computers, three cars, two luxury apartments, $1 million in cryptocurrencies, and 50,000 euros in cash were seized
1 year ago
2 mins read
INTERNET CITY, Dubai, 12th January, 2023, Chainwire LBank Co-Founder Johnason Chan has shared a bullish thesis for 2023, tipping the crypto industry to reach new milestones this year. Chan predicts a resurgence in the NFT market, further growth of Web3 through layer 2 solutions and the convergence of TradFi and DeFi. “Web3 will be a big opportunity for the next wave of blockchain applications, but more solid blockchain platforms are required to host them”, says Chan. The exchange boss claims that blockchains like Ethereum will continue to play a central role in the evolution of Web3, but layer 2 solutions
1 year ago
1 min read
El Salvador has made history by passing a digital securities bill that will allow the country to issue bonds based on Bitcoin. The bill, which was first introduced to parliament in November, was approved by the legislative assembly on January 11th, with 62 votes in favor. The digital securities bill aims to establish a legal framework for the transfer of digital assets, including Bitcoin, in the context of public offerings. It also calls for the creation of a national digital assets commission to serve as a regulatory body for cryptocurrencies and promote the market. The most notable aspect of the
1 year ago
1 min read
The brother of a former Coinbase product manager, Nikhil Wahi, has been sentenced to 10 months in prison for insider trading of crypto tokens, in which he leveraged his familial connection to his brother, Ishan Wahi. The Wahi brothers were arrested in July 2022, after Ishan was accused of passing on confidential information about upcoming Coinbase listings to his brother, allowing him to invest large amounts of money into those tokens before other investors knew, giving them an unfair advantage. Nikhil generated almost $900,000 in profit trading 40 different tokens. A friend of the brothers, Sameer Ramani, was also involved
1 year ago
1 min read
Coinbase has announced another round of layoffs, which will affect 950 employees and reduce its operating expenses by 25%. The company CEO Brian Armstrong said that, while the decision was difficult, it was necessary in order to reduce expenses and increase the chances of doing well in every scenario. This is the latest round of layoffs, after the company cut 1,100 jobs, or 18% of its workforce, in June 2022 and 60 employees in November 2022. Coinbase estimates that its plan will cost between $149 million and $163 million in restructuring expenses, with around $58 to $68 million of this
