Crypto And Fintech — page 2
Bank of Italy Study: Stablecoins Lack Systematic Edge in Remittances
Research reveals that fiat on- and off-ramp frictions negate the theoretical cost advantages of blockchain-based transfers.
Strategy Shifts to Active Monetization With $5 Billion Bitcoin Framework
The former business intelligence firm is moving beyond a pure accumulation strategy to fund operations and dividends.
Solana Foundation Taps Former Twitter Security Chief to Fight AI Scams
CISO Michael Coates warns that artificial intelligence is escalating the sophistication of cryptocurrency fraud.
Firmware Flaw Leads to $70 Million Bitcoin Theft from Coldcard Wallets
A critical entropy vulnerability allowed attackers to reconstruct private keys and drain funds from air-gapped hardware devices.
IBM’s 2028 Quantum Timeline Puts Bitcoin’s Cryptography on Notice
The push toward a large-scale, error-corrected quantum computer by 2028 creates a theoretical deadline for Bitcoin to secure its network.
Minnesota Bans Crypto Kiosks to Combat Surge in Elder Fraud
The state ordered the immediate shutdown of hundreds of physical ATMs after safeguards failed to stop devastating scams.
IRS Warns Crypto Holders of Phishing Scam Using Counterfeit Physical Mail
Scammers are using fake government letters and QR codes to steal private keys and wallet credentials from digital asset holders.
Coldcard Firmware Flaw Leads to $70 Million Bitcoin Theft
A critical entropy vulnerability allowed attackers to computationally reconstruct seed phrases and drain funds from air-gapped wallets.
Bitcoin Miners Pivot to AI Infrastructure as Network Difficulty Drops
Industrial-scale miners are diversifying into high-performance computing as Bitcoin network difficulty hits its third-deepest contraction of the ASIC era.
Coinbase Reports $359M Q2 Loss as Pivot Away from Bitcoin Gains Traction
The exchange hit a record 10.3% share of global trading volume while subscription and service revenues now drive nearly half of net revenue.
XRP Ledger Purges 'NFT Junk' to Bolster Network Stability
The network's latest updates prioritize accounting precision and the removal of ledger bloat to support institutional-grade reliability.
Coldcard Firmware Flaw Enables $70 Million Bitcoin Theft
A critical randomness failure in hardware wallets allowed attackers to mathematically reconstruct private keys without physical access.
Strategy Reports $8.22 Billion Q2 Loss Following Bitcoin Price Slide
The corporate Bitcoin giant saw its quarterly earnings erased by massive unrealized losses on its cryptocurrency holdings.
Coinbase Reports Surprise Q2 Loss as Trading Volumes Dry Up
The U.S. crypto giant saw revenue slide to $1.22 billion amid a sharp decline in active trading activity.
Minnesota Bans Crypto Kiosks to Combat Rising Fraud
The state is removing physical cash-to-crypto machines after millions in losses linked to scams.
Massachusetts Senate Passes Statewide Ban on Cryptocurrency Kiosks
The legislative move follows a surge in fraud and a 1,000% increase in scam losses reported by the FTC.
Dubai Exchange Shelbit Linked to $4 Billion Iranian Sanctions Evasion Network
An unlicensed brokerage in Dubai allegedly routed billions for IRGC-linked entities and Iran's central bank to global markets.
U.S. Prosecutors Move to Seize $327,829 in Crypto Linked to Romance Scam
Federal authorities are using blockchain analytics to recover USDT stolen from a Massachusetts resident in a fraudulent investment scheme.
MicroStrategy Reports $8.2 Billion Q2 2026 Loss Amid Bitcoin Slide
Aggressive Bitcoin treasury strategy led to massive unrealized losses that eclipsed core business gains.
Michael Saylor May Sell Bitcoin to Defend STRC Preferred Stock Peg
The Strategy Inc. chairman departs from his 'never sell' mantra to protect the company's Bitcoin-pegged preferred stock.
Minnesota Bans Crypto Kiosks to Combat Rising Fraud
The state will outlaw physical cryptocurrency ATMs by August 2026 to protect residents from irreversible scams.
Coldcard Firmware Flaw Leads to $70 Million Bitcoin Theft
A critical vulnerability in air-gapped hardware wallets allowed attackers to drain over 1,000 BTC from nearly 1,200 addresses.
Russia Bans Crypto-Mining in Several Regions to Protect Energy Grid
The Kremlin is restricting digital currency mining across the North Caucasus and occupied territories to prioritize industrial power needs.
Tether Reports $1.5 Billion Q2 Profit as Reserve Buffer Dips to $4.11 Billion
The stablecoin issuer grew USD₮ issuance to $184.6 billion and expanded gold holdings despite a shrinking surplus of assets over liabilities.
Bitcoin Volatile as Crypto Clarity Act Clears Senate Committee Hurdle
The Digital Asset Market Clarity Act advanced 15-9, but political opposition and regulatory uncertainty temper market enthusiasm.
Celsius-Born Ionic Digital Debuts on Nasdaq, Pivots to AI Infrastructure
The Bitcoin mining spinout from the bankrupt lender began trading under ticker IOND, offering creditors a path to recovery while joining the industry's AI shift.
South Korea Moves to Consolidate Crypto Law as Tax Repeal Debate Intensifies
The Financial Services Commission plans a unified Digital Asset Basic Act while lawmakers clash over the 2027 income tax implementation.
Anthropic's Claude Mythos Breaks Post-Quantum Crypto That Stumped Human Experts
AI model discovers mathematical flaws in NIST candidate HAWK and improves AES cryptanalysis in 60-hour autonomous research run.
Morgan Stanley Launches Ether and Solana ETPs With Staking Rewards
The Wall Street giant becomes the first major U.S. bank-affiliated asset manager to offer spot crypto ETPs that integrate staking yield from day one.
Myanmar Junta Passes Anti-Scam Bill With Death Penalty Provisions
Military-backed parliament approves draconian legislation targeting crypto fraud and scam compounds with capital punishment and life sentences.
Ten European Banks Launch RL1, a Regulated Blockchain Cooperative
The member-owned network, built on SWIAT technology, aims to unify Europe's fragmented capital markets DLT infrastructure.
SEC Chair Atkins Backs CLARITY Act in Coordinated Push for Crypto Rules
The Trump administration's top financial regulators are united behind legislation that would replace enforcement-driven oversight with a statutory framework for digital assets.
Ondo Finance Ditches Standalone Blockchain for High-Speed Execution Layer
The RWA leader pivots to CEX-level trading speeds while keeping on-chain settlement.
XRP Slides as Senate Delays CLARITY Act Ahead of Fed Decision
Regulatory stagnation and macroeconomic uncertainty push XRP toward critical support levels around $1.08-$1.11.
Ionic Digital Hits Nasdaq at $2.25B Valuation After Celsius Bankruptcy Rebirth
The Bitcoin mining spinout pivoted to AI infrastructure and closed a $400M round before its July 28 direct listing.
Core Scientific Pivots to AI as Colocation Revenue Overtakes Bitcoin Mining
The bankruptcy-emerged data center operator raised $3.3 billion to fund its transition from volatile crypto mining to stable AI infrastructure hosting.
Russia's Central Bank Sets Fall 2026 Launch for Regulated Crypto Trading Framework
State-backed banks Sberbank and VTB prepare digital depository services as Moscow institutionalizes digital assets under new rules.
Wall Street Giants Back CLARITY Act as Senate Delays Crypto Framework
BlackRock, Fidelity, Goldman Sachs and peers endorse federal regulatory framework while legislative odds slip to multi-month lows.
DOJ Memo Warns of Reduced Binance Cooperation on Asset Freezes
Justice Department prosecutors were told to expect formal MLAT processes for crypto asset seizures. Binance denies any policy change and cites ADGM license rules.
Myanmar Authorizes Death Penalty for Violent Cyber-Scam Operators
Military-backed parliament passes harsh legislation as regional scam losses hit $114 billion in 2025.
Hong Kong Banks Score 2.3/10 on Quantum Readiness as HKMA Sets 2030 Deadline
The city's financial regulator launches inaugural index revealing systemic vulnerability to quantum-era cyber threats.
CME Sues CFTC Over Crypto Perpetuals as Agency Blocks 24/7 Oil Futures
The exchange giant challenges the regulator's classification of perpetual futures while facing retaliation in its own product approvals.
Federal Judge Blocks Minnesota's Prediction Market Ban Days Before Effective Date
A preliminary injunction halts enforcement of SF4760, marking a key test of federal vs. state authority over event contracts.
Nine Institutions Pledge $15M to Shield Bitcoin From Quantum Threats
The Bitcoin Security Consortium funds open-source developers without directing protocol changes, marking a new model for institutional stewardship.
Bitcoin Slips as Senate CLARITY Act Passage Odds Fall to 39%
Cryptocurrency markets retreated amid legislative uncertainty after the landmark digital assets bill cleared the House but stalled in the Senate.
Binance Fires Staff Over Phishing Tests as India Bans BitChat
The crypto exchange treats security failures as termination offenses while New Delhi orders GitHub to remove Jack Dorsey's offline messaging app.
HKMA: Hong Kong Banks Score 2.3/10 on Quantum Readiness, Target 2030
The city's monetary authority launches a new index and whitepaper as quantum computing threats loom over financial encryption standards.
Minnesota Becomes First State to Ban Cryptocurrency Kiosks Over Elder Fraud
Governor Tim Walz signed S.F. 3868 into law, ordering removal of roughly 350 machines by year's end.
NY Attorney General James Presses Congress for Federal Crypto Rules
Letitia James's April 2025 letter demands comprehensive legislation, including a ban on digital assets in retirement accounts.
Crypto Clarity Act Stalls in Senate Over Trump Ethics Deal
Bipartisan legislation awaits 60-vote threshold as Democrats demand enforceable restrictions on officials' crypto holdings.
Fanatics Acquires CFTC-Registered Exchange Infrastructure From BGC Group
The deal gives Fanatics direct control over listing and clearing prediction market contracts under federal oversight.
Prediction Markets Split on GPT-6 Release as September Odds Trail December
Polymarket traders wager on OpenAI's next model timeline, but December remains the favored outcome despite September speculation.
Kraken Parent Payward Acquires Magic Labs' Embedded Wallet Business
The asset deal marks another step in Payward's push to become a comprehensive crypto infrastructure provider as Magic Labs rebrands to Newton Labs.
Nvidia, Microsoft Lead ~37-Company Open Secure AI Alliance Without OpenAI or Google
Tech giants form coalition to build open-source AI security tools, citing risks of relying on closed models for cyber defense.
Minnesota Bans Crypto ATMs Statewide After $1 Million in Scam Losses
The nation's strictest state-level crypto kiosk prohibition takes effect August 2025, targeting elder fraud.
New Silver Acquires Massachusetts Lender Mayflower Venture Partners
West Hartford fintech expands real estate lending footprint with purchase of Boston-area private lender founded by Hussien Skaiky.
Fanatics Enters Prediction Markets With Regulated Entity Acquisition
Sports retail giant acquired a CFTC-registered broker and partnered with Crypto.com's exchange to launch Fanatics Markets across 24 U.S. states.
BancaStato Becomes First Avaloq Bank to Offer Regulated Crypto Trading via Sygnum
The Swiss cantonal bank integrated Sygnum's B2B API into its core banking system, enabling retail clients to trade BTC, ETH, LTC, and SOL within existing mobile apps.
Coinbase CEO Armstrong Slams Crypto Startups Pivoting to AI
Brian Armstrong calls rebranding trend "scarcity thinking," argues crypto and AI are complementary infrastructure.
Bitcoin ETFs Lose $465 Million as Seven-Day Inflow Streak Ends
Institutional investors pull back from US spot Bitcoin funds amid macroeconomic uncertainty and multiple market factors.