Omar Faridi

UK’s Digital Bank Monzo Reports 15M+ Customers

UK’s digital bank Monzo has announced a significant achievement by surpassing the 15 million customer mark. This latest milestone underscores the rapid expansion of the challenger bank, which continues to attract users from diverse age groups and financial backgrounds while positioning itself as a comprehensive solution… Read More

Impersonation Scam Lands CoinDCX Founders in Police Custody, Highlighting Deeper Operational Issues in Crypto Ecosystem

In a concerning case that unfolded earlier this week, the co-founders of CoinDCX—one of India’s cryptocurrency exchanges—found themselves in police custody over allegations of a ₹71.6 lakh fraud. Sumit Gupta and Neeraj Khandelwal were arrested in Bengaluru by officers from Thane’s Mumbra police station and… Read More

Binance Australia Derivatives Ordered to Pay AUD 10M Fine for Onboarding Failures That Led to Millions in Client Losses

The Federal Court has ordered Oztures Trading Pty Ltd, operating as Binance Australia Derivatives, to pay a A$10 million civil penalty for widespread failures in classifying clients during a nine-month period in 2022–2023. The company, part of the global Binance Group—the world’s largest cryptocurrency exchange… Read More

SadaPay Restored After AWS Bahrain Outage

SadaPay, one of Pakistan’s digital wallets, has fully restored its mobile app following a complete service blackout on March 25. The interruption was triggered by a drone strike linked to escalating tensions between Iran and regional powers, which directly damaged Amazon Web Services infrastructure in… Read More

Bitcoin focused Nakamoto’s Collapse Underscores Fragility of Crypto Treasury Strategies

In a stark illustration of the risks facing corporate Bitcoin holders, Nakamoto—a so-called Bitcoin treasury company—has plummeted 99.34% from its all-time high, wiping out more than $23.3 billion in market capitalization. An investor who put $100,000 into the stock just a year ago would now… Read More

Custodia Bank Clarifies Fed Master Account Listing as Hazel Network Partnership Advances

Custodia Bank has issued a clarification regarding its recent appearance in the Federal Reserve’s updated master account database. The announcement, published on the bank’s website, emphasizes that the listing as a “new” applicant for a master account at the Dallas Fed does not represent a… Read More

UK Government Announces Sanctions Against Xinbi, a Chinese-Language Crypto Marketplace in Escalating Fight Against Scam Networks

In a decisive step announced on March 26, 2026, the UK government has imposed sanctions on Xinbi, a prominent Chinese-language online platform that functions as a key enabler of cryptocurrency-fueled fraud operations across Southeast Asia. The Foreign, Commonwealth and Development Office (FCDO) described Xinbi as… Read More

Canada Set to Ban Cryptocurrency Contributions to Political Campaigns

Canada is set to prohibit cryptocurrency contributions to federal political campaigns, mirroring a recent step taken by the United Kingdom to curb similar risks. The proposed legislation, known as Bill C-25 or the Strong and Free Elections Act, was tabled in Parliament on March 26… Read More

Goliath Ventures Files for Bankruptcy Following CEO’s Arrest in Alleged $328 Million Ponzi Scheme

Earlier this month, the web3 and crypto sector has suffered another setback with the Chapter 11 bankruptcy filing of Goliath Ventures, a Florida-based firm previously known as Gen-Z Venture Firm. Its founder and former CEO, Christopher Delgado, was arrested by federal authorities on charges of… Read More

German Fintech Solaris Cuts 20% of Workforce

German embedded finance Fintech Solaris is eliminating roughly 80 positions—about 20 percent of its 400-strong workforce—as it repositions itself as Europe’s first AI-native bank. The Berlin-based company, which holds a full banking license and provides white-label banking services, announced the restructuring on March 25, 2026,… Read More

Anthropic “Claude Mythos” Leak Causes Sharp Sell-Off in Tech Stocks and Crypto Markets

In a seemingly concerning development that has rattled investors and cybersecurity professionals, Anthropic’s highly anticipated AI model, internally referred to as Claude Mythos, has apparently been leaked to the public. The unauthorized release triggered an immediate sell-off, with shares of major software companies tumbling and… Read More

California Prohibits State Officials from Insider Trading on Prediction Market Platforms

California Governor Gavin Newsom has taken decisive action to safeguard public integrity by issuing an executive order that explicitly forbids state appointees from exploiting confidential information for financial gain on prediction market platforms. Signed on March 27, 2026, the directive immediately reinforces longstanding ethics standards… Read More

NYSE Parent ICE Invests $600 Million in Polymarket, Indicating Sharp Focus on Prediction Markets

Intercontinental Exchange (ICE), the firm behind the New York Stock Exchange and a global enabler of financial market infrastructure, has signaled strong conviction in the future of prediction markets with a major new capital commitment. The company has now injected $600 million in direct cash… Read More

Ripple Labs CEO Comments on Post-Acquisition Expansion, Shares Outlook on Crypto Regulation

Ripple Labs Chief Executive Officer Brad Garlinghouse offered a detailed assessment of his company’s trajectory following a string of strategic purchases. He described the firm’s progress as steady, pointing to strengthened operational capabilities and broadened market presence that have emerged directly from those integrations. According… Read More

UK’s Payment Systems Regulator (PSR) to Prioritize Reductions in Excessive Card Fees

The UK’s Payment Systems Regulator (PSR) has outlined an agenda for the 2026/27 financial year, prioritizing reductions in excessive card charges, robust safeguards against authorized push payment (APP) fraud, and broader advancements in competition and innovation within the UK’s payment systems. Released on 26 March… Read More

Bitcoin Continues to Show Relative Resilience as Markets Turn Hawkish : Analysis

Central banks are adopting a firmer tone once more, and financial markets are responding with notable intensity. According to CoinShares’ (OTCQX: CNSRF) Market Update released on March 27, 2026, expectations for interest-rate hikes have surged sharply across the United States, eurozone, and United Kingdom. This… Read More

Mastercard Explores Sale of $3.2B Nets Payments Business

Mastercard (NYSE: MA) is reportedly preparing to sell off a major payments business it purchased from Denmark’s Nets Group in 2019 for roughly $3.2 billion, marking a reversal of what was then the company’s largest acquisition. According to sources familiar with the matter and cited… Read More

Marathon Digital Holdings $1.1 Billion Bitcoin Sale Highlights Risks of Relying Solely on Crypto Mining for Revenue

Marathon Digital Holdings (NASDAQ: MARA), one of the largest Bitcoin mining operators in the United States, recently liquidated 15,133 BTC for roughly $1.1 billion. The transaction not only generated immediate cash but also pushed the company down the rankings, allowing Twenty One Capital to overtake… Read More

US FTC Reports $15.9 Billion in Consumer Fraud Losses in Past Year

The Federal Trade Commission (FTC) disclosed alarming new figures showing that American consumers lost $15.9 billion to fraud during 2025, underscoring the growing scale of deceptive schemes targeting the public. The data emerged in testimony delivered on March 25, 2026, before the Joint Economic Committee,… Read More

Democrats Press Kansas City Fed Regarding Kraken’s Master Account Approval

Many Democrat members of Congress have long been anti-digital asset innovation. Today, the Trump administration has taken a far different approach from the previous Biden Administration by embracing digital assets and Fintech more broadly. Yesterday, Democrat Representative Maxine Waters, the ranking Democrat on the House Financial… Read More

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