BitKE (@BitcoinKE) header
BitKE (@BitcoinKE) profile picture

Reporting on #Bitcoin, crypto, and blockchain activity.

Nairobi, Kenya
Joined December 2017
Photo by BitKE (@BitcoinKE)Photo by BitKE (@BitcoinKE)Photo by BitKE (@BitcoinKE)Photo by BitKE (@BitcoinKE)Photo by BitKE (@BitcoinKE)Photo by BitKE (@BitcoinKE)Photo by BitKE (@BitcoinKE)Photo by BitKE (@BitcoinKE)Photo by BitKE (@BitcoinKE)Photo by BitKE (@BitcoinKE)
REGULATION 🇰🇪 | Binance Reportedly Freezing P2P User Accounts in Kenya at the Request of Law Enforcement Under the hashtag, #BinanceUnmasked, a number of users have complained that their @binance accounts have been frozen at the request of law enforcement. The law enforcement Government agency name has been identified as @DCI_Kenya under the @NPSOfficial_KE. Users have complained that the #lack of #openness from #Binance and #freezes that #lock them out of their funds without an explanation to the problem. See details: bitcoinke.io/2026/04/binance… @BinanceAfrica #BinanceP2P #BinanceKE
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#Kenyans LOST $120 Million to #Crypto Scams in Just ONE YEAR! In 2022, the then Minister of ICT, Joe Mucheru, revealed that in just one year alone, Kenyans had lost over $120 million to crypto scams. Almost 2 years since the #CBEX scam which saw millions of Kenya shillings lost, this week's November 4 2026 regulatory compliance deadline for virtual asset service providers is expected to ensure such massive losses do not occur in future. bitcoinke.io/2025/04/kenyans… #CryptoScamsKE #CryptoKenya #KES #CryptoCrimeKE @CBKKenya @CMAKenya @KeTreasury
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Among the requirements for issuers would be obtaining written approval for each token covering its: classification reference currency reserve arrangements name ticker, and supported blockchain networks as per the circular. #StablecoinsNG #StablecoinsNigeria
REGULATION 🇳🇬 | Nigeria Sets $11 Million Capital Requirement for Foreign Stablecoin Issuers, Bans Algorithmic Tokens Under the framework, issuers of foreign-currency stablecoins must maintain minimum paid-up capital of approximately $11.1 million while naira-backed stablecoin issuers face a requirement of approximately $7.4 million. The rules also cover cryptocurrency exchanges, custodians, wallet providers, payment processors, and other virtual asset service providers. Details: bitcoinke.io/2026/11/introdu… #CryptoNigeria #CryptoNG #CryptoRegulationNigeria #RegulationNG #StablecoinsNigeria #CryptoAfrica #RegulationAfrica @cenbank
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REALITY CHECK | Hackers Spent Weeks Inside Binance Systems Before Exploit, Reveals SEAL Report - According to the @_SEAL_Org report, the hackers had 6 weeks at LayerZero. 6 at Bitget. 6 at Binance. The intrusions was there to be found. The November 5 2026 report said the same group responsible for @LayerZero_Core, @bitget, and @binance hacks used sophisticated social engineering, fake recruitment companies, and malicious coding assignments to compromise cryptocurrency developers and gain access to critical infrastructure. Details: bitcoinke.io/2026/11/seal-re… #CryptoHacks #BinanceHack #BitGetHack #LayerZeroHack #CryptoReality
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REGULATION 🇳🇬 | Nigeria Sets $11 Million Capital Requirement for Foreign Stablecoin Issuers, Bans Algorithmic Tokens Under the framework, issuers of foreign-currency stablecoins must maintain minimum paid-up capital of approximately $11.1 million while naira-backed stablecoin issuers face a requirement of approximately $7.4 million. The rules also cover cryptocurrency exchanges, custodians, wallet providers, payment processors, and other virtual asset service providers. Details: bitcoinke.io/2026/11/introdu… #CryptoNigeria #CryptoNG #CryptoRegulationNigeria #RegulationNG #StablecoinsNigeria #CryptoAfrica #RegulationAfrica @cenbank
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REGULATION | U.S Treasury Cuts MEXC Off From Financial System Over Money Laundering The U.S. Treasury has moved to cut cryptocurrency exchange, #MEXC Global, off from the U.S. financial system accusing the platform of facilitating at least $16 billion in transactions linked to sanctions evasion, cybercrime, and other illicit activities. The Financial Crimes Enforcement Network (#FinCEN) said the transactions occurred between May 2021 and May 2026 and involved sanctioned actors in #Iran, #Russia, and #NorthKorea. Details: bitcoinke.io/2026/11/fincen-… #MEXC #MoneyLaundering #CryptoCrime
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CRYPTO CRIME | The Indian Cyber-Security Agency Reveals How AI is Getting Used to Steal Funds CERT-In identified several vulnerabilities being exploited, including exposed testing environments connected to production systems, stolen credentials, misconfigured cloud services, and payment APIs that accept unauthorised requests. Attackers also use small test transactions, sometimes worth just one rupee, to establish whether fraudulent transfers will succeed before attempting larger withdrawals. Some attacks are timed for weekends and holidays when security monitoring may be reduced. Details: bitcoinke.io/2026/11/india-r… #India #CyberSecurity #CryptoHacks #BinanceHack #CryptoRisks #CryptoCrime @IndianCERT
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MARKET ANALYSIS | #Bitcoin Erases Post-Election Gains as Wall Street Sell-Off Triggers $1 Billion in #Liquidations U.S. equities also suffered heavy losses with the Nasdaq Composite dropping 4.7%, the S&P 500 falling 3%, and the Dow Jones Industrial Average losing about 3%. The CBOE Volatility Index surged approximately 60%. The market decline triggered about $1.09 billion in crypto liquidations over 24 hours affecting nearly 211,000 traders. Long positions accounted for approximately $879.9 million of the forced closures. Details: bitcoinke.io/2026/11/bitcoin… #CryptoMarkets #Midterms26 #Elections2026 $BTC
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REALITY CHECK | Crypto Exchanges Disclose Cold Storage Ratios After the Historic Binance Hack #Coinbase has disclosed that more than 99% of customer assets are held in cold storage with excess assets continuously transferred offline. #Gate has also disclosed that 88.26% of its total assets are held in cold wallets #Upbit reported that 99.17% of its assets were held in cold storage as of September 2026 leaving 0.83% in hot wallets. #Bithumb: 94.76% #CoinOne: 85% #DigitalX (formerly Korbit): 82.79% #GOPAX: 80.54% Details: bitcoinke.io/2026/11/crypto-… #CryptoReality #ColdStorage #ColdWallets #BinanceHack #CryptoSecurity
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INSTITUTIONAL | The Largest Asset Manager in Europe Tokenizes European Equity Index Fund on Ethereum Amundi, Europe’s largest asset manager, has launched a tokenized share class of its #STOXX Europe 600 equity index fund on the Ethereum blockchain extending its digital asset strategy beyond money market funds into traditional equity investments. The launch builds on Amundi's first tokenized money market fund share class, introduced in November 2025, also using Ethereum infrastructure developed with CACEIS. Details: bitcoinke.io/2026/11/amundi-… #Institutional #InstitutonalCrypto #CryptoEurope #TokenisedEurope #Amundi
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REPORT | Circle Says On-Chain YoY Transaction Volume Grew ~50% in Q3 2026 @circle has reported a 17% increase in Q3 2026 revenue and reserve income to $865 million, supported by a $182 million token presale, while disclosing a 5% workforce reduction as income from its USDC stablecoin reserves declined. The $USDC issuer’s net income from continuing operations rose 5% year-on-year to $226 million for the quarter ended September 30 2026, while adjusted EBITDA increased 85% to $317 million, according to results. Revenue and reserve income increased from $740 million a year earlier, although the headline growth included $182 million from the private presale of $ARC, the native token of Circle’s @arc blockchain. The results come as #Circle expands beyond USDC issuance into payments infrastructure and blockchain services, including its Arc network and Tazapay. Details: bitcoinke.io/2026/11/q3-2026… Q3Report #2026CryptoReport #CircleReport #CircleNews #StablecoinNews
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CRYPTO CRIME | Polygon Considers Hard Fork to Recover ~$7 Million in Stolen Crypto The proposal seeks to transfer 70.49 million POL from five attacker-controlled addresses to verified recovery wallets. A hard fork is a permanent, non-backward-compatible change to a blockchain's underlying protocol rules that splits the network into two separate, parallel blockchains The recovery effort raises broader questions about blockchain governance, decentralisation and whether networks should intervene to reverse the effects of major security breaches. Details: bitcoinke.io/2026/11/polygon… #Hardfork #Polygon #CryptoHack #CryptoCrime
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FUNDING | African Payments Infrastructure Provider, #CrissCross, Secures Investment from #Circle CrissCross connects on-chain settlement infrastructure with local payment networks allowing businesses and financial institutions to collect, convert, and transfer money across African markets. Its services include local #collections, automated #payouts, corporate #treasury management, and real-time foreign exchange (#FX), accessible through a single application programming interface (API). The company operates in more than 30 markets, supports over 20 currencies, and reports 99.99% uptime. Its customers include multinational companies, financial institutions, and payment platforms. Details: bitcoinke.io/2026/11/circle-… @circle #StablecoinsAfrica #CryptoAfrica #CryptoFunding #InstitutionalCrypto
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CASE STUDY | The 2026 Mid-Terms Exposed Risks of Tokens Whose Value Depends on Political Personalities, Narratives Trump-associated cryptocurrencies suffered sharp losses after Democrats secured major victories in the November 4 US midterm elections, highlighting the risks of tokens whose value depends heavily on political personalities and narratives. Bitcoin and Ether are likewise exposed to political and regulatory uncertainty but their investment narratives extend beyond individual personalities. Bitcoin benefits from institutional participation and ETF exposure while Ethereum has demand drivers linked to decentralised finance, stablecoins, and tokenisation. Details: bitcoinke.io/2026/11/the-202… #BitKECaseStudy #InstitutionalCrypto #CryptoRisks #Midterms2026 #Elections2026
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An impressive milestone!
Replying to @BitcoinKE
730 million stablecoin users and 38 percent growth in a year is wild
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MILESTONE | The World’s Leading Stablecoin User Base Surpasses 700 Million The latest 730 million figure represents growth of at least 195 million, or approximately 38% YoY. The milestone also represents significant growth from October 2025 when Tether reported reaching 500 million users. Its estimated user base subsequently increased to 534.5 million by the end of Q4 2025 and surpassed 650 million by August 2026. Details: bitcoinke.io/2026/11/usdt-us… #USDT $USDT #StablecoinMilestone #Tether #CryptoMilestone @tether @paoloardoino
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POLITICS | Crypto Industry’s #Top Political Funding Arm Suffers #Biggest Electoral Defeat in 2026 Midterms #Fairshake and its affiliates spent about $154 million backing candidates in the 2026 congressional elections but more than a third of its spending went toward the unsuccessful effort to block Brown’s return to the Senate. The setback comes as #Democrats made significant gains defeating two Republican crypto advocates in the House and threatening the re-election of other industry allies. Fairshake, backed primarily by @coinbase @Ripple Labs, and @a16z, The industry faces an increasingly uncertain path for crypto legislation, including the stalled Digital Asset Market Clarity Act, as lawmakers critical of the sector gain influence over congressional committees. Details: bitcoinke.io/2026/11/fairsha… #CryptoLobby #Midterms2026 #Elections2026 #CryptoNews #CLARITYAct
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#Circle has reported net income from continuing operations at $226 million in Q3 2026, compared with $214.4 million YoY. Of the $207 million Circle reported in other revenue, $182 million was recognized in Q3 from its #ARC token presale. bitcoinke.io/2026/05/arc-tok…
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$BTC crosses $80K following #DemocratsWin during the #Midterms2026
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