August 12, 2026 @ 10:38 pm By Omar Faridi  |  

A cross-party group of United Kingdom parliamentarians has formally challenged various banks over their reluctance to provide accounts and related services to companies focused on cryptocurrency and digital assets. The move highlights ongoing friction that industry participants say threatens the sector’s ability to expand within… Read More

August 12, 2026 @ 9:32 pm By JD Alois  |  

Yesterday, the Securities and Exchange Commission, along with the Commodity Futures Trading Commission, filed fraud charges against Goliath Ventures and its founder, Christopher Delgado. The enforcement action alleges that Goliath and its founder created a $425 million crypto Ponzi scam. From at least January 2023… Read More

August 12, 2026 @ 6:34 pm By Omar Faridi  |  

Robinhood Chain, the Ethereum Layer 2 built by the trading platform using Arbitrum technology, has shown strong recent throughput. Over the most recent full week of available data, the network processed an average of approximately 11.6 million transactions each day. This level set a new… Read More

August 12, 2026 @ 5:35 pm By Omar Faridi  |  

Two of Canada’s financial institutions, Royal Bank of Canada (RBC) and Bank of Montreal (BMO), have reached an agreement to sell their jointly owned payments processing company, Moneris Solutions Corporation, to the technology-focused private equity firm Francisco Partners. The all-cash deal is valued at approximately… Read More

August 12, 2026 @ 4:59 pm By Omar Faridi  |  

San Francisco-based crypto asset manager Bitwise Asset Management has trimmed roughly 14 percent of its global staff, bringing its headcount down from approximately 180 employees to around 155. The company confirmed the reduction in an emailed statement, noting that the changes took place during an… Read More

August 12, 2026 @ 4:57 pm By Omar Faridi  |  

Developers behind the Harmony blockchain protocol have officially acknowledged a significant security breach that allowed the unauthorized generation of a large volume of additional ONE tokens, the network’s native digital asset. The confirmation comes after on-chain observers first highlighted unusual activity involving the sudden appearance… Read More

August 12, 2026 @ 3:28 pm By JD Alois  |  

This past week, it was reported that Netherlands-based digital bank bunq had been denied a US charter by the Office of the Comptroller of the Currency. The response sent to bunq’s legal representation in the US was uncharacteristically harsh and critical of the Fintech’s attempt… Read More

August 12, 2026 @ 3:16 pm By Omar Faridi  |  

The Commodity Futures Trading Commission (CFTC) has invoked emergency powers to maintain orderly operations in regard to prediction markets. The action followed a formal alert from KalshiEX, LLC regarding an emerging market disruption. The move stems from a lawsuit initiated by New York Attorney General… Read More

August 12, 2026 @ 2:54 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) is reportedly reviewing the tokenization of gold. Multiple reports say a regulatory framework is in the works. The FT reports that one important aspect of the review is how tokenized gold could be used as collateral in wholesale markets…. Read More

August 12, 2026 @ 2:39 pm By Omar Faridi  |  

Nasdaq (NASDAQ: NDAQ) has entered into a definitive agreement to purchase all equity interests in LeveL Markets LLC, a US off-exchange equity trading venue. The deal, announced on August 11, 2026, supports the exchange operator’s broader strategy of developing continuous, always-available market infrastructure that bridges… Read More

August 12, 2026 @ 2:12 pm By JD Alois  |  

Capital gains taxes in the US are variable today. If you hold a security for less than one year, you are taxed as normal income. If you hold it for over one year, you are taxed at a graduated rate: 0%, 15%, or 20%, depending… Read More

August 12, 2026 @ 1:14 pm By Omar Faridi  |  

On August 10, 2026, the Bitcoin Policy Institute, joined by a wide-ranging alliance of more than 40 organizations spanning the digital asset sector, released an open letter directed at the developers of advanced artificial intelligence systems. The document urges these labs to create reliable channels… Read More

August 12, 2026 @ 12:57 pm By Omar Faridi  |  

Federal market regulatory authorities in the US including the SEC and CFTC have escalated their response to a major alleged cryptocurrency fraud involving Goliath Ventures Inc. and its founder. On August 11, 2026, the Securities and Exchange Commission filed civil charges in the U.S. District… Read More

August 12, 2026 @ 10:41 am By Omar Faridi  |  

San Francisco-based Fazeshift, an artificial intelligence platform focused on automating financial operations, has received backing from Amex Ventures, the corporate venture capital unit of American Express (NYSE: AXP). The investment, announced on August 11, 2026, will help the company broaden its technology beyond its core accounts… Read More

August 12, 2026 @ 10:20 am By Omar Faridi  |  

Australia’s financial intelligence agency has temporarily halted operations of a major cryptocurrency ATM network, citing ongoing failures to meet anti-money laundering and counter-terrorism financing rules. AUSTRAC suspended the registration of Cryptolink Pty Ltd as a Virtual Asset Service Provider for three months, effective from 9… Read More

August 12, 2026 @ 9:12 am By Omar Faridi  |  

A federal judge in Connecticut has rejected prediction-market operator Kalshi’s bid for emergency protection from state gambling enforcement, determining that the company’s sports-related event contracts do not meet the legal definition of swaps under federal commodities law. As a result, the Commodity Futures Trading Commission’s… Read More

August 12, 2026 @ 8:33 am By Omar Faridi  |  

Sharplink, Inc. (Nasdaq: SBET), a firm that has shifted its focus toward building and managing a large Ethereum treasury, released its financial results for the second quarter ended June 30, 2026. The report highlighted meaningful income generated from staking its ETH holdings while revealing a… Read More

August 12, 2026 @ 8:11 am By Omar Faridi  |  

Members of the BRICS grouping are examining ways to interconnect their national fast payment platforms and central bank digital currencies (CBDCs). The aim is to lower the high costs and lengthy delays that currently characterize many international money transfers, according to recent comments from India’s… Read More

August 12, 2026 @ 6:15 am By Omar Faridi  |  

Cybercriminals have shifted their focus toward private equity firms and related financial organizations, employing voice phishing tactics to infiltrate systems and extract sensitive information for extortion purposes, according to findings from Google’s threat intelligence researchers. The activity stems from a cluster tracked as UNC6671. Despite… Read More

August 12, 2026 @ 5:17 am By Omar Faridi  |  

The Cyprus Securities and Exchange Commission (CySEC) is preparing to intensify its oversight of crypto-asset service providers through a series of on-site inspections and desk-based reviews. These supervisory activities form part of a coordinated European initiative and will specifically target firms authorised to deliver digital… Read More