Omar Faridi

Federal Court Rejects Kalshi’s Request to Block New York Gambling Rules Enforcement

A federal judge in Manhattan has denied prediction market operator Kalshi’s effort to stop New York from enforcing its gambling laws against the platform’s sports-related offerings. The July 7, 2026 ruling by US District Judge Analisa Torres clears the way for state regulators to proceed… Read More

Kraken Secures Arbitration Win Against Ex- Auditor Mazars Over Abrupt Withdrawal from Auditing During Operation Chokepoint 2.0

Payward Inc., the parent company of cryptocurrency exchange Kraken, has prevailed in arbitration against its former auditor, Mazars USA, receiving a $22 million award after the firm unexpectedly pulled out of a nearly completed financial review. The decision marks a notable legal victory for the… Read More

EDX Markets Secures $76M Series C Funding Led by SBI Holdings

EDX Markets, a digital asset technology provider that operates an institutional-only trading venue together with a central clearinghouse, has closed a $76 million Series C funding round led by SBI Holdings. The capital will fuel ongoing expansion, with resources directed toward strengthening trading, clearing, and… Read More

Euroclear Announces Negotiations to Acquire Uptevia, Enhancing Issuer Services Across Europe

Euroclear revealed it has entered exclusive negotiations to acquire Uptevia, a prominent French specialist in corporate trust and issuer services. Uptevia is currently jointly owned by BNP Paribas and CACEIS, a wholly owned subsidiary of Crédit Agricole S.A. The move represents a key step in… Read More

Coinbase Secures Key Regulatory Approval in the UK to Offer Equities and Derivatives

Coinbase (NASDAQ:COIN) announced that it has received authorization from the United Kingdom’s Financial Conduct Authority (FCA) to provide investment services. This approval, commonly described in the industry as a MiFID license, marks an important expansion for the cryptocurrency exchange in one of its major international… Read More

Tether Commits $20 Million to Mercado Bitcoin to Strengthen On-Chain Finance in Latin America

Tether has announced a $20 million investment in a growth financing round for Mercado Bitcoin, Latin America’s provider of on-chain financial services. The move is intended to accelerate the development of blockchain-based financial infrastructure across the LatAm region, with Brazil positioned as a key hub… Read More

Bitcoin Suisse Subsidiary Secures Full Regulatory Approval in Abu Dhabi

Swiss digital assets firm Bitcoin Suisse has taken a major step in its international growth by securing full regulatory authorization for operations in Abu Dhabi. Its regional subsidiary, BTCS (Middle East) Ltd., received the Financial Services Permission from the Financial Services Regulatory Authority of the… Read More

European Central Bank (ECB) Directs Eurozone Banks to Develop Plans Against AI-Powered Cyber Threats

The European Central Bank (ECB) has instructed significant banks across the euro area to prepare detailed action plans addressing the rising risks of cyberattacks enabled by advanced artificial intelligence. In a letter sent to bank chief executives, ECB Supervisory Board Chair Claudia Buch stressed the… Read More

Surging Bitcoin and Crypto Deposits on Exchanges Point to Heightened Market Volatility Ahead : Analysis

On-chain analytics firm CryptoQuant has flagged a significant increase in Bitcoin and other digital asset transfers to centralized trading platforms. According to the latest data, this development could foreshadow greater price swings across the cryptocurrency market in the near term. On June 30, approximately 49,000… Read More

Bank of America, JPMorgan, Other US Banks Explore Acquiring Fiserv Debit Networks

US financial institutions have entered preliminary talks about purchasing debit card processing networks from payments technology provider Fiserv (NASDAQ:FISV). The discussions involve major players such as JPMorgan Chase, Bank of America, Wells Fargo, and PNC Financial Services Group, according to reports citing people familiar with the… Read More

Crypto focused Venture Firm Paradigm Leads Seed Investment in M1X Global to Expand Tokenized Sovereign Debt Capabilities

Crypto venture firm Paradigm has headed a seed funding round for M1X Global, supporting the company’s ongoing efforts to further develop its platform for issuing and managing sovereign debt on blockchain networks. This investment highlights continued positive momentum in blending traditional government finance with distributed… Read More

Ethereum Devs React Positively to Vitalik Buterin’s Long-Term ETH Blockchain Vision

Ethereum’s core research and development community has responded favorably to an updated long-term roadmap shared by co-founder Vitalik Buterin earlier this week. The proposal, known as the “Lean Ethereum” strawmap, outlines a multi-year overhaul of the smart contract and blockchain network that many see as… Read More

Digital Bank Revolut Plans to End Support for Tether’s USDT Stablecoin by August 31, 2026

Digital banking provider Revolut has informed users it will cease support for Tether’s USDT stablecoin on its platform for European customers, with the complete suspension taking effect on August 31, 2026.  The move aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework, which… Read More

UK’s Starling Bank to Streamline Operations with Significant Workforce Reduction

UK digital bank Starling has outlined plans to cut around 130 positions as it undertakes a restructuring of its banking and technology teams. The initiative, described by the company as an efficiency measure, seeks to simplify internal processes, eliminate overlapping responsibilities, and accelerate the rollout… Read More

President Trump’s Positive Stance on Crypto Signals Potential Bitcoin (BTC) Inclusion in New Child Savings Accounts

President Donald Trump recently voiced strong support for cryptocurrency during a press event. When asked about the possibility of incorporating Bitcoin into the newly launched Trump Accounts program, he described himself as having become “a big crypto guy” and indicated that “something could happen” in… Read More

Grayscale Views Strategy’s Bitcoin Sales as Step Toward Restoring Financing Confidence But Capital Allocation Questions Persist

Grayscale Research has suggested that recent Bitcoin sales by Strategy (NASDAQ:MSTR), the largest digital asset treasury company—could help rebuild investor trust in its approach to managing financial obligations. The firm, which holds one of the largest corporate Bitcoin positions, sold roughly 3,588 BTC for approximately… Read More

BBVA Completes AI Agent Initiated Payments with Visa in European Milestone

BBVA has completed the first real-world transaction initiated by an artificial intelligence agent on behalf of one of its cardholders. Conducted in collaboration with Visa (NYSE: V), this test demonstrates that AI systems can now securely handle purchases using existing payment networks and live merchant systems…. Read More

Fintech Klarna Submits Application for US Banking License

Klarna (NYSE:KLAR), the global digital bank and payments provider, announced on July 6, 2026, that it has formally applied for approval to establish its own banking subsidiary in the United States. The company submitted applications to the Utah Department of Financial Institutions and the Federal Deposit… Read More

Circle’s USDC Gains Ground on Tether’s USDT in Stablecoin Transaction Volume

Stablecoins have emerged as essential bridges between traditional currencies and blockchain-based systems. Among them, Circle’s (NYSE:CRCL) USDC and Tether’s USDT have long competed for dominance as leading USD-pegged tokens. Recent data compiled through Visa’s (NYSE: V) on-chain analytics now indicates that USDC is making significant… Read More

Anchorage Digital Integrates Lido to Expand Institutional Access to Ethereum (ETH) Liquid Staking

Anchorage Digital, the operator of the United States’ federally chartered crypto bank, has added support for Lido, Ethereum’s largest liquid staking protocol. The move gives institutional clients direct, compliant access to wrapped staked Ether (wstETH) entirely within Anchorage Digital’s regulated platform, eliminating the need to… Read More

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