May 9, 2026 @ 12:42 pm By JD Alois  |  

After an extensive delay due to banking industry representatives who fear a decline in revenue if stablecoin holders earn yild on the holdings, the Digital Asset Market CLARITY Act of 2025 is now scheduled for a Senate Banking Committee hearing for this coming Thursday, May… Read More

May 9, 2026 @ 12:21 pm By Omar Faridi  |  

During a recent address delivered on May 8, 2026, at the Banco de España LatAm Economic Forum in Spain, European Central Bank (ECB) President Christine Lagarde pushed back firmly against growing calls for euro-pegged stablecoins. She argued that such private digital tokens, even those fully backed… Read More

May 9, 2026 @ 12:17 pm By Omar Faridi  |  

CertiK pointed out that wrench attacks—brutal physical assaults aimed at forcing cryptocurrency owners to surrender private keys or digital assets—have evolved into a sophisticated, transnational criminal enterprise. These incidents blend open-source intelligence gathering, social engineering, and outright violence, including kidnappings and extortion (along with other… Read More

May 9, 2026 @ 12:16 pm By Omar Faridi  |  

Payward, the parent entity of cryptocurrency exchange Kraken, has taken a step toward expanding its regulated operations in the United States. On May 8, 2026, the company submitted an application to the Office of the Comptroller of the Currency (OCC) for a national trust company charter…. Read More

May 9, 2026 @ 11:23 am By Omar Faridi  |  

Digital assets firm Circle (NYSE:CRCL) has recently released a comprehensive developer guide and open-source reference implementation demonstrating how to power high-frequency, sub-cent transactions essential for the emerging agentic economy. The May 8, 2026, blog post details “Nanopayments powered by Circle Gateway,” a system that enables… Read More

May 9, 2026 @ 9:24 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) faced a major disruption when its services went offline for approximately seven hours. The incident, which occurred overnight, left users unable to access the exchange for buying, selling, or managing digital assets during a critical window. According to Coinbase CEO Brian Armstrong, the… Read More

May 9, 2026 @ 1:17 am By Tony Zerucha  |  

FIS is working with Anthropic to bring agentic AI to banking, beginning with the Financial Crimes AI Agent. The agent will compress anti-money-laundering investigations from hours to minutes, automatically assembling evidence across a bank’s core systems, evaluating activity against known typologies, and surfacing the highest-risk… Read More

May 9, 2026 @ 12:22 am By Omar Faridi  |  

The Central Bank of Ireland has provided new evidence that the country’s lending market operates with greater diversity and rivalry than a narrow focus on traditional retail banks would suggest. At the same time, Deputy Governor Mary-Elizabeth McMunn used a speech to the Banking and… Read More

May 9, 2026 @ 12:12 am By Tony Zerucha  |  

Billtrust, a provider of B2B accounts receivable workflow and payment software, has introduced its AI‑driven Buyer Payment Portal and Cash Forecasting capabilities, along with expanded payment controls and international payment options. Together, the new capabilities help AR teams accelerate collections, improve buyer payment experiences, and… Read More

May 8, 2026 @ 10:19 pm By Omar Faridi  |  

A 30-year-old Saipan resident known as Sze Man Yu Inos, who also goes by the name Yuki, was sentenced to more than five and a half years behind bars for orchestrating a deceptive wire fraud operation that exploited the trust of numerous older women. On… Read More

May 8, 2026 @ 2:42 pm By Omar Faridi  |  

Payward Inc.—the parent organization behind the prominent cryptocurrency trading platform Kraken—has finalized an agreement to purchase Reap Technologies Holdings Limited. The transaction, valued at up to $600 million and structured as a combination of cash and equity in Payward, underscores the company’s aggressive push into… Read More

May 8, 2026 @ 12:05 pm By JD Alois  |  

This week Europe declared a goal of simplifying the regulator environment for the development of artificial intelligence (AI). This is part of a broader understanding the Europe is falling behind in regard to other countries. The EU is frequently lambasted for over-regulation as opposed to… Read More

May 8, 2026 @ 11:50 am By Omar Faridi  |  

Prediction markets are experiencing steady growth, and Kalshi, a U.S.-based platform for event contracts, has become the latest emblem of this momentum. The company recently closed a $1 billion Series F funding round led by Coatue Management, with participation from heavyweights including Sequoia Capital, Andreessen… Read More

May 8, 2026 @ 11:00 am By Omar Faridi  |  

Solv Protocol has announced a full transition of its cross-chain capabilities for tokenized Bitcoin assets. The Bitcoin-focused DeFi platform is standardizing operations around Chainlink’s Cross-Chain Interoperability Protocol (CCIP), moving away from its previous LayerZero integration. This change impacts more than $700 million in SolvBTC and… Read More

May 8, 2026 @ 10:00 am By Omar Faridi  |  

The Aptos Foundation and Aptos Labs have unveiled a major funding push exceeding $50 million dedicated to strengthening the network’s ecosystem. The capital will support a broad array of efforts, from developing in-house applications and conducting advanced research to upgrading core protocol components and launching… Read More

May 8, 2026 @ 9:00 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) released its Q1 2026 financial results on May 7, showcasing operational strength despite a challenging crypto market. The company reported total revenue of $1.41 billion, missing Wall Street expectations of approximately $1.49–$1.52 billion, and swung to a net loss of $394 million (or… Read More

May 8, 2026 @ 7:32 am By Omar Faridi  |  

A new analysis of card transactions from digital assets platform OKX reveals that cryptocurrency is no longer confined to speculative trading or high-end buys across Europe. Instead, ordinary consumers are integrating stablecoins into routine daily life, challenging long-held assumptions about crypto’s limited real-world utility. Data… Read More

May 8, 2026 @ 7:30 am By Omar Faridi  |  

Affirm Holdings, Inc. (NASDAQ: AFRM) announced steady third-quarter fiscal 2026 performance, underscoring its resilience in a volatile economic environment. For the period ended March 31, 2026, the company reported gross merchandise volume (GMV) of $11.6 billion, marking a 35% increase from the prior year. Total… Read More

May 8, 2026 @ 7:29 am By Omar Faridi  |  

The European Central Bank (ECB) has published its latest assessment on financial conditions across the currency bloc, highlighting a clear uptick in overall integration levels despite some enduring structural hurdles. Released on 7 May 2026, the report on financial integration and structure in the euro… Read More

May 8, 2026 @ 1:48 am By Omar Faridi  |  

A new World Economic Forum (WEF) report reveals that artificial intelligence is fundamentally transforming cybersecurity, emerging as the dominant force driving change in the sector. Titled AI and Cyber: Empowering Defenders and developed in partnership with KPMG, the analysis—drawing from 20 real-world case studies and… Read More