Omar Faridi

South Korean Crypto Exchanges Upbit and Bithumb See Revenue Decline Sharply in H1 2026

South Korea’s two largest cryptocurrency exchanges, Upbit and Bithumb, experienced substantial drops in overall revenue during the first half of 2026. These results highlight the ongoing pressure from a prolonged downturn in Bitcoin and the wider digital asset market, which has sharply reduced trading activity… Read More

Bitmine ($BMNR), Led by Tom Lee, Now Holds 4.8% of Ethereum (ETH) Supply After Latest Acquisition

Bitmine Immersion Technologies (NYSE: BMNR), chaired by Tom Lee, has expanded its Ethereum holdings to approximately 4.8% of the network’s circulating supply after another weekly purchase. The company reported acquiring an additional 9,926 ETH during the week ending around mid-August 2026. This brought its total… Read More

Harmony Protocol Plans Network Rollback After Token Forgery Exploit, Raising Blockchain Immutability and Lack of Decentralization Concerns

Harmony Protocol, a layer-1 blockchain known for its sharded architecture, has announced plans to reverse its network to a state preceding a significant security breach. The decision follows the discovery of an unauthorized minting event that created trillions of forged ONE tokens, the project’s native… Read More

BitMart Founder Rejects Transparency Requests as Users Report Inaccessible Assets and Workers Claim Unpaid Wages

The head of the cryptocurrency platform BitMart has rejected recent public calls for independent verification of the exchange’s financial position. This comes as multiple clients say their funds remain inaccessible and some workers report unpaid wages from the previous month. Sheldon Lee, the founder, issued… Read More

Australian Securities and Investments Commission (ASIC) Warns of Generative AI Fueling Networks of Deceptive Deepfake Investment Sites

Australia’s corporate regulator has issued a strong alert about the growing misuse of generative artificial intelligence to construct elaborate webs of fake online content designed to lure people into fraudulent investment schemes. The Australian Securities and Investments Commission (ASIC) reports a sharp increase in scams… Read More

Decentralized Finance Protocol Compound Approves Budget for Institutional DeFi Expansion Efforts

Decentralized finance protocol Compound has secured formal approval for a substantial two-year development allocation aimed at accelerating its shift toward institutional participants. The Compound decentralized autonomous organization endorsed a $52 million program—the largest funding commitment in the protocol’s history—to develop infrastructure that supports on-chain credit… Read More

Crypto Exchange Binance Reportedly Shared User Information with Russian Officials After Market Exit

Binance reportedly provided personal and transaction details belonging to one of its clients to Russian law enforcement agencies. The information later formed part of the evidence in a terrorism-financing case linked to donations supporting Ukrainian causes. This occurred well after the exchange publicly declared it… Read More

Michael Saylor Claims $MSTR Share Repurchases are Not Current Focus for Strategy Amid its Substantial Cash Holdings

Strategy (NASDAQ:MSTR), the firm long associated with large-scale Bitcoin accumulation under Executive Chairman Michael Saylor, is placing greater emphasis on building liquidity and supporting its preferred stock offerings rather than prioritizing buybacks of its common shares. During the company’s Q2 2026 investor Q&A session on… Read More

Paolo Ardoino Brushes Off Comments from Skeptics Following Tether’s KPMG US Financial Audit

Tether CEO Paolo Ardoino has recently pushed back against ongoing criticism from parts of the crypto community after the company completed its first full independent financial audit. In comments made shortly after the results were disclosed, Ardoino said persistent skepticism from detractors does not concern… Read More

Tokenized Equities Growing Part of Real-World Assets (RWAs) Ecosystem

The tokenized equities sector continues to expand as one of the more active areas within real-world assets, with platforms such as Ondo Finance, Binance’s bStocks, and xStocks accounting for the majority of current trading and investment activity. Recent data show the category’s share of the… Read More

AI Adoption : China’s Latest Robot Shipments Put US AI Hardware Competitors on Alert

Chinese manufacturers of humanoid robots have solidified a commanding position in the global market, with shipments in the first half of 2026 underscoring the scale of their lead over American competitors. Industry data indicates that firms based in China accounted for more than 97 percent… Read More

Fintech Stripe Reportedly Finalizes Acquisition of AI Model Routing Platform OpenRouter

Stripe has reportedly reached an agreement to acquire OpenRouter, an artificial intelligence-focused startup, for more than $7 billion. The development, first detailed by Bloomberg citing individuals familiar with the discussions, positions the payments company more firmly within the rapidly expanding AI infrastructure space. OpenRouter, established… Read More

Ethereum (ETH) 2027 Hegotá Upgrade : Devs Consider 66 EIPs Including Key Privacy Updates

Ethereum’s development community is now actively defining the contents of its next major network upgrade, Hegotá, which is scheduled for delivery in 2027. According to Ethereum Foundation researcher Toni Wahrstätter, developers currently have 66 Ethereum Improvement Proposals (EIPs) under consideration. Over the coming series of… Read More

European Union Rules Enable Regulatory Authorities to Block Third-Country Crypto Exchanges

The full implementation of the European Union’s Markets in Crypto-Assets framework has strengthened the ability of national regulators to restrict access by non-EU crypto trading platforms. Under the rules that reached complete application across the bloc, any entity offering crypto-asset services to customers based in… Read More

Bitcoin Mining Firms Report Lower Monthly Output as Crypto Bear Market Remains Firmly Intact

Three publicly listed Bitcoin mining companies—CleanSpark (NASDAQ: CLSK), BitFuFu (NASDAQ: FUFU), and Canaan (NASDAQ: CAN) — each posted lower production in July 2026 than in the previous month. The declines mark the group’s second consecutive monthly drop, even as Bitcoin’s price staged a partial recovery after a sharp sell-off in June. Operational… Read More

Dutch Cyber Agency Reports Attackers Exploiting macOS Screen Sharing Vulnerability to Deploy Monero (XMR) Miners

Hackers have been capitalizing on a critical flaw in Apple’s built-in remote desktop tool to seize control of internet-facing Mac computers and turn them into cryptocurrency mining machines. The Netherlands’ National Cyber Security Centre has confirmed active abuse of the issue, with attackers installing software… Read More

Crypto Wallet Provider SafePal Discloses Security Breach Exposing Personal Data of Nearly 40,000 Customers

SafePal, a provider of hardware and software cryptocurrency wallets, has publicly disclosed a security incident in which unauthorized parties gained access to personal and contact details belonging to roughly 40,000 customers. The company revealed the event on August 16, 2026, explaining that the exposure stemmed… Read More

Polygon Labs Partners with NOBO Finance and Dun & Bradstreet in Bank of England Digital Pound Lab Phase 2

Polygon Labs has entered Phase 2 of the Bank of England’s Digital Pound Lab, collaborating with NOBO Finance and Dun & Bradstreet. The initiative focuses on examining near-instant cross-border settlement and portable credit identities for businesses, leveraging Polygon’s Open Money Stack technology. The Digital Pound… Read More

HIVE Digital Technologies Secures 5-Yr AI Cloud Agreement, Boosting Annualized Revenue by $70M

HIVE Digital Technologies Ltd. (TSE: HIVE), a company known for its renewable-powered digital infrastructure and Bitcoin mining operations, has announced a significant expansion in its artificial intelligence computing business. Through its wholly owned subsidiary BUZZ High Performance Computing Inc., HIVE has entered into a five-year… Read More

Austria’s Financial Market Authority (FMA) Issues First Binding MiCA Penalty Against Bitpanda

Austria’s Financial Market Authority (FMA) has imposed a €70,000 fine on Bitpanda GmbH for multiple breaches of the Markets in Crypto-Assets Regulation (MiCA). Announced on August 14, 2026, this marks the first legally binding enforcement action under the EU-wide framework, signaling that MiCA has moved… Read More

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