Since $$\frac{d}{dt}|v(t)|^2 = \frac{d}{dt}[v(t)\cdot v(t)] = 2v(t)\cdot v'(t) = 0$$
we have that $|v(t)|^2$ is constant, hence $|v(t)|$ is constant.
For the second problem, note that we can write
$$mv'(t) = \lambda r(t)\times v(t).$$
So
$$\frac{d}{dt}|v(t)|^2 = 2v(t)\cdot v'(t) = 2v(t)\cdot \left(\frac{\lambda}{m}r(t)\times v(t)\right) = 0,$$
since $\frac{\lambda}{m}r(t)\times v(t)$ is orthogonal to $v(t)$. Therefore, $|v(t)|$ is constant.