Omar Faridi

Saudi Fintech Firm Tabby Reports $233M Funding Round at $6.5B Valuation as It Moves Beyond BNPL

Saudi Arabia–based fintech Tabby has closed a $233 million Series F equity raise that values the company at $6.5 billion, marking another step up for one of the Middle East’s consumer finance platforms. The round was led by existing backer Blue Pool Capital, the Hong… Read More

XRP Ledger Nears Activation of Batch V1.1 Payments Upgrade

The XRP Ledger is approaching a major payments upgrade after RippleX published a technical review of Batch V1.1, the rebuilt form of the XLS-56 amendment now under validator vote. The change would allow several transactions from different accounts to run together in one ledger close…. Read More

Former Robinhood Engineers Charged in Crypto Listing Front-Running Case

Two former Robinhood (NASDAQ: HOOD) engineers have been charged in federal court with using confidential company information about upcoming cryptocurrency listings to place trades on a separate derivatives platform, prosecutors said this week. The US Attorney’s Office for the Southern District of New York (SDNY)… Read More

Enova Withdraws Grasshopper Bank Bid, Citing Unclear Rules and Political Pressure

Enova International (NYSE:ENVA) has stepped away from its planned purchase of Grasshopper Bancorp, withdrawing the regulatory filings needed to complete the transaction. The Chicago-based online lender said on September 14 that it had pulled applications submitted to the Office of the Comptroller of the Currency… Read More

Fin.com Reports Seed Round to Turn Stablecoins into Local Cash

New York payments startup Fin.com has come out of stealth after securing a $20 million seed round, positioning itself as infrastructure that turns digital dollars into money people can actually spend in local accounts and wallets. The financing closed in August and was publicly disclosed… Read More

Nasdaq Verafin, Stablecore Team Up to Address Gap Between Traditional Banking and Digital Asset Crime Detection

Financial institutions expanding into stablecoins, tokenized deposits, and other digital asset products have long faced a monitoring problem: traditional compliance systems were built for fiat activity, while on-chain transactions often sat in a separate silo. Nasdaq Verafin and Stablecore announced a partnership on September 15,… Read More

US Congress Aims to Ease Everyday Crypto Taxes while Raising $500 Million

Lawmakers in the US House are advancing a package that would reduce everyday tax friction for certain digital asset activity while still producing a modest net gain for the Treasury. On September 16, 2026, the House Ways and Means Committee is scheduled to consider H.R…. Read More

Russia’s Digital Ruble Goes Live, CBDC Now Legal Tender Along with Cash

Russia has begun the first nationwide stage of its digital ruble, a central bank digital currency that now sits alongside cash and ordinary bank money as a third official form of the national currency. The change took effect on 1 September 2026 after years of… Read More

Bitcoin, Ethereum, Tron Transfers Can Vary Significantly Depending on How They’re Counted : BIS

A recent working paper from the Bank for International Settlements (BIS argues that many of the headline figures used to describe cryptocurrency and decentralized finance activity can mislead more than they illuminate. Drawing on roughly 100 billion records from Bitcoin, Ethereum and Tron, the researchers… Read More

Dollar Stablecoins Could Lift US Treasury Demand : Bank of England

A Bank of England official has suggested that the rapid rise of dollar-linked digital tokens could support broader use of the US currency and add to demand for American government debt, while also introducing new vulnerabilities if large numbers of holders seek to cash out… Read More

Spot Bitcoin ETFs See $450M Outflows After Senate Stalls CLARITY Act

US spot bitcoin exchange-traded funds (ETFs) posted their heaviest single-session withdrawals since late June of this yaer after a landmark digital asset market-structure bill (the CLARITY Act) notably failed to clear a Senate procedural vote. The 13 products listed in the United States recorded a… Read More

London based Stablecoin Firm Velocity Draws Visa, Circle and Ripple in $10M Series A Extension

London-based Velocity has added $10 million to its Series A, bringing the round to $48 million after a group of traditional finance and crypto investors joined the raise. Visa Ventures, Circle Ventures and Ripple participated alongside Haun Ventures, Translink Capital and Mirana Ventures, according to… Read More

BNPL Fintech Klarna Enhances Nordics Anti-Fraud Toolkit with Live Call Verification Feature

Klarna (NYSE: KLAR) has added a new layer of protection for customers in the Nordic region, rolling out an in-app tool that lets people check in real time whether an incoming phone call is actually coming from the company. The feature, called Call Status Detection,… Read More

Standard Chartered Sees DeFi Protocol SKY Token Surging 5x by End of 2028

Standard Chartered (LON: STAN) has opened coverage of Sky, the DeFi protocol formerly known as MakerDAO, with a long-dated bullish view on its governance token. Geoffrey Kendrick, the bank’s global head of digital assets research, put an end-2028 target of $0.325 on SKY—about five times… Read More

Nubank and Sygnum Partner to Enable Nu Global’s Digital Asset Account

Latin America’s digital bank Nubank (NYSE:NU) has taken another step beyond its home markets. Nu, which already serves more than 140 million customers in Brazil, Mexico and Colombia, has entered a strategic alliance with Swiss digital asset bank Sygnum to support the launch of Nu… Read More

Kyrgyzstan’s Central Bank Partners with CertiK on CBDC focused Security and Regulatory Oversight

The National Bank of the Kyrgyz Republic has signed a memorandum of understanding with blockchain security firm CertiK, creating a long-term framework for cooperation on the country’s planned central bank digital currency and on broader digital asset supervision. The Digital Som is Kyrgyzstan’s official CBDC… Read More

Solana (SOL) Network Stays Below Finality Halt After Teraswitch Routing Fault Takes Nearly 29% of Stake Offline

Solana (SOL) came close to losing transaction finality on August 12 after a routing failure at infrastructure provider Teraswitch briefly took validators representing nearly 29 percent of staked SOL offline. Blocks kept being produced, and the offline share stayed several points below the level that… Read More

Ethereum (ETH) and Base Devs Drop Joint Account Abstraction Plan

Ethereum (ETH) and Base developers have ended a months-long attempt to merge two competing account abstraction designs into a single standard. The talks, which sought to reconcile Base-led EIP-8130 with Ethereum’s EIP-8141, known as Frame Transactions, collapsed last week. Both networks will now ship their… Read More

Pave Finance Reports New Funding to Scale AI enabled Investment Portfolio Tools for Advisors

Pave Finance, a New York firm building artificial intelligence tools for wealth advisors, has closed an oversubscribed Series A round of more than $15 million at a $100 million valuation. The capital will expand its sales and engineering staff after a $14 million seed round… Read More

Digital Asset Exchange CoinEx to Close After Nearly a Decade Due to Weak Crypto Markets and Rising Costs

Cryptocurrency trading platform CoinEx is shutting down after nearly a decade in business, citing a long stretch of weak market conditions that made continued operations unsustainable. The company, which went live on December 22, 2017, said it reached the decision after reviewing the industry’s reduced… Read More

Send this to a friend