Omar Faridi

UK Fraud Cases Surge to All-Time High : 444,000 Reported to National Fraud Database in Past Year

The United Kingdom experienced a sharp escalation in fraudulent activity throughout 2025, with organizations submitting a total of 444,993 risk alerts to the National Fraud Database operated by Cifas. This total represents the largest volume ever documented in any single year and reflects a 6%… Read More

Switzerland’s PostFinance Reports Latest Financial Results, Expands Digital Assets Offering

PostFinance, a key subsidiary of Swiss Post, is reinforcing its market position through steady financial performance, structural enhancements, and expanded digital asset offerings amid evolving customer demands and economic pressures. In its annual results, Swiss Post Group delivered a resilient operating profit of 332 million… Read More

Taxbit Shares Insights after European Commission Clarifies DAC8 Scope : Reporting Applies to Residents, Non-Resident Crypto Users

Taxbit has shared that the European Commission has issued a clear interpretation of the DAC8 directive, emphasizing that tax reporting requirements for digital assets extend to every user residing in the European Union. Taxbit also indicated that this update, detailed on the Commission’s official DAC8… Read More

Italy’s Intesa Sanpaolo Joins Other Banks to Provide Credit Facility to BolognaFiere

Intesa Sanpaolo’s IMI Corporate & Investment Banking Division has joined a syndicate of banks and financial institutions to provide a €134.5 million secured credit facility to BolognaFiere S.p.A. The company, listed on the Professional segment of Euronext Growth Milan, stands as a global enabler of … Read More

Elizabeth Warren Slams SEC Over Justin Sun Settlement, Demands Crypto Laws Confront Trump’s ‘Crypto Corruption’

On March 5, 2026, Senator Elizabeth Warren sharply rebuked the Securities and Exchange Commission (SEC) following its agreement to wind down enforcement actions against cryptocurrency entrepreneur Justin Sun and several entities linked to the Tron blockchain. As the ranking Democrat on the Senate Banking Committee,… Read More

BNY Tapped to Enable Operational Transformation for Allianz Global Investors

BNY (NYSE: BK), the global financial services provider, has been chosen to lead an overhaul of the operating framework at Allianz Global Investors (AllianzGI). Recognized worldwide as one of the premier active asset managers, AllianzGI is partnering with BNY to streamline and strengthen its core investment… Read More

KPMG UK Warns of Prolonged Economic Stagnation Following Flat GDP Figures

The United Kingdom’s economy has opened 2026 on shaky ground, with fresh official statistics revealing no expansion in gross domestic product during January. In response, senior analysts at KPMG UK have issued a sobering assessment, highlighting how surging energy costs and shifting financial conditions are… Read More

Kalshi, Polymarket Reportedly Eye New Funding Rounds at $20B Valuations

Kalshi and Polymarket, which are now the two leading prediction market platforms, are independently exploring fresh capital raises that could push their valuations close to $20 billion each, according to a recent Wall Street Journal report. The discussions, still said to be in their earliest… Read More

UK’s Lloyds Banking Group Plans to Monetize Customer Data and Slash IT Spending

Lloyds Banking Group is gearing up for a technological transformation aimed at establishing itself as Britain’s foremost fintech innovator. Leaked internal strategy papers outline an aggressive push to slash expenses while unlocking new income sources, marking a significant shift for the traditional high-street lender that… Read More

OpenAI Brings Alpaca’s Market Data Directly into ChatGPT for Financial Services

In a move that aims to reshape how financial professionals interact with market information, OpenAI has embedded Alpaca Markets’ data capabilities into ChatGPT. Announced recently this month, the integration allows users to retrieve real-time and historical market insights using everyday language, eliminating the traditional friction… Read More

Binance Secures Court Win in Terrorism Financing Case, Plaintiffs Still Given Chance to Strengthen Claims

In a significant legal development for the cryptocurrency sector, a U.S. federal judge has thrown out a high-profile civil suit accusing Binance, the world’s largest digital asset exchange of enabling terrorist activities. The ruling, however, leaves room for the accusers to return with more targeted… Read More

UK SME Lending Increases, Marking Second Straight Year of Growth : Research

UK Finance has indicated that British high street banks extended more support to small and medium-sized enterprises last year, with total new lending climbing to £17.5 billion in 2025 from £16.1 billion in 2024. The latest figures from UK Finance show this marks the second… Read More

Bank of America Reports Surge in Digital Transactions enabled by Artificial Intelligence

Bank of America (NYSE: BAC) has announced a surge in digital activity among its clients, fueled by advanced artificial intelligence, streamlined payment systems, and customized financial planning resources. In 2025, clients engaged with the bank roughly 30 billion times through app logins and automated notifications… Read More

Chainalysis Shares Insights After OFAC Sanctions North Korean IT Networks Over Crypto-Enabled Sanctions Evasion

Chainalysis has noted that in a significant escalation of efforts to curb illicit funding for weapons programs, the US Treasury’s Office of Foreign Assets Control (OFAC) has imposed fresh sanctions on individuals and companies tied to North Korean IT worker schemes that rely heavily on… Read More

Coinbase Prime Introduces Unified Cross-Margin Trading Across Spot, Derivatives, Perps

Coinbase Prime, the institutional arm of US based cryptocurrency exchange Coinbase (NASDAQ:COIN), has rolled out a major upgrade designed to streamline trading for professional investors. The platform now offers unified cross-margin functionality that spans spot markets, traditional derivatives, and regulated perpetual futures contracts. This update integrates… Read More

Upstart Seeks National Bank Charter to Expand AI-Driven Lending

Upstart Holdings, Inc. (NASDAQ:UPST), the creator of an artificial intelligence lending marketplace traded on NASDAQ under the ticker UPST, has revealed its intention to seek a national bank charter. The move, disclosed March 10, involves establishing Upstart Bank, N.A., as a federally insured institution, pending clearances… Read More

Oil and Gold Take the Lead in 2026 So Far as Bitcoin Registers the Deepest Losses : Analysis

CoinGecko noted that Bitcoin has decisively outperformed traditional assets over the past decade. However, recent market turbulence has flipped the script in 2026, according to a fresh CoinGecko research report titled “Bitcoin vs Traditional Assets Over 10 Years.” The analysis by Head of Research Zhong… Read More

Eurosystem Introduces Appia Roadmap for Europe’s Tokenized Finance

The European Central Bank (ECB) has indicated that Eurosystem has taken a step forward in modernising Europe’s financial infrastructure by launching a comprehensive roadmap for tokenised finance. Recently this month, it unveiled the Appia initiative, designed to create an integrated, innovative and resilient ecosystem for… Read More

Crypto ATM Fraud Surge Examined in Report from Blockchain Security Firm CertiK

CertiK has pointed out that cryptocurrency ATM scams have evolved into one of the fastest-growing threats in the digital asset space. According to blockchain security firm CertiK’s latest Skynet analysis, total losses from these schemes reached $333.5 million in 2025 alone—a dramatic escalation fueled by… Read More

Digital Assets Firm Circle Achieves Key Compliance Milestone

Stablecoin issuer Circle (NYSE:CRCL) has announced a compliance milestone that underscores its focus on transparency and operational integrity. On March 12, 2026, the digital assets firm revealed that it received a System and Organization Controls (SOC) 1 Type 2 examination report for its Circle Mint… Read More

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