South Korean crypto exchanges saw a fresh spike in trading activity as the country’s stock market had several days of significant downside. Cryptocurrency trading volumes spiked in South Korea as its stock market fell by nearly 18% this week. Key points: KRW/USDT volumes spike in response to stock sell-off Read more Go to Source
Monthly archives: July 2026
Credit Services Firm Agreeing to $17,500,000 Payout in Data Breach Settlement
The credit services provider 700Credit is moving ahead with a $17.5 million class action settlement connected to a significant data breach. The agreement resolves claims stemming from unauthorized access to 700Credit’s computer systems in October 2025 that impacted 5.8 million people. The plaintiffs allege that the incident allowed hackers to steal sensitive customer data, which …
Continue reading “Credit Services Firm Agreeing to $17,500,000 Payout in Data Breach Settlement”
Mississippi Woman Allegedly Drains $18,206 From Elderly Victim in Check Fraud Scheme
A Mississippi woman has been arrested after authorities say she stole more than $18,000 from an elderly victim by forging stolen checks and cashing them for her own benefit. Shelia Williams, a 70-year-old resident of Golden, Mississippi, faces multiple forgery and theft charges, as well as a charge of financial exploitation of an elderly person, …
Crypto Witnesses ‘Biggest Consolidation Phase’ As Investors Become Much More Selective, Says ARK Analyst
A research director at ARK Invest says crypto is in the midst of a massive market shift, with three protocols now dominating revenue generation in the space. Three protocols now generate nearly 80% of all crypto application revenue, says ARK Invest’s Lorenzo Valente. Perpetual futures platform Hyperliquid (HYPE) and memecoin launchpad Pump.fun (PUMP) together drive …
Samsung unit explores stablecoin infrastructure with Upbit’s operator
Samsung SDS is discussing stablecoin infrastructure and AI-based payment models with Dunamu, the operator of South Korean crypto exchange Upbit. Samsung SDS, the IT services arm of Samsung Group, is exploring stablecoin infrastructure, digital asset systems and AI-based payment models with Dunamu, the operator of Upbit, one of the biggest local cryptocurrency exchanges. Samsung SDS …
Continue reading “Samsung unit explores stablecoin infrastructure with Upbit’s operator”
Hedge fund with $1.1B in Bitcoin miner stocks seeks capital after AI sell-off: FT
The FT said Situational Awareness has approached investors and lenders after borrowing amplified losses during July’s AI stock sell-off. Situational Awareness, a hedge fund founded in 2024 by ex-OpenAI researcher Leopold Aschenbrenner, has approached investors and lenders for fresh capital after suffering heavy losses in the recent artificial intelligence stock sell-off, the Financial Times reported …
Continue reading “Hedge fund with $1.1B in Bitcoin miner stocks seeks capital after AI sell-off: FT”
Robinhood Pulls in $1.31B Q2 Revenue as 44% Trading Surge Fuels Record Profit
Robinhood reported record Q2 2026 net revenue of $1.31 billion and a 48% surge in net income to $573 million. Growth was fueled by strong performance in options trading, equity trading and a tenfold expansion in event contracts. Trading Revenue and Product Growth Financial technology platform Robinhood Markets reported record second-quarter net revenue of $1.31 …
Continue reading “Robinhood Pulls in $1.31B Q2 Revenue as 44% Trading Surge Fuels Record Profit”
Fortitude Invests $45M in Zcash Mining Infrastructure to Drive Vertical Integration
DCG’s Fortitude Mining has entered into purchase agreements worth about $45 million for mining hardware and Nebraska infrastructure as it accelerates vertical integration in Zcash mining. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the …
Moscow Court Jails Mining Firm Bitriver Founder Over $12.5M Fraud Probe
Moscow’s Zamoskvoretsky District Court has moved Igor Runets, founder of crypto-mining firm Bitriver, from house arrest to a pretrial detention facility for at least two months. Stricter Measures Requested Amid Witness Tampering Concerns A Moscow court on July 29 ordered the transfer of Igor Runets, founder of Russia’s largest cryptocurrency mining company Bitriver, from house …
Continue reading “Moscow Court Jails Mining Firm Bitriver Founder Over $12.5M Fraud Probe”
Core Scientific Pays $42M to Exit Block’s Bitcoin Mining Deal as AI Revenue Surges
Core Scientific (NASDAQ: CORZ) has paid $41.9 million to terminate a bitcoin miner contract with Block and its Proto unit, underscoring the data center operator’s accelerating retreat from bitcoin mining toward AI infrastructure. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) …
Security Firm Blockaid Says 212 Onchain Exploits Stole $1.1B as AI and Wallet Attacks Accelerate
The first half of 2026 was the most active period for onchain security threats on record, with Blockaid verifying 212 high-threshold exploits, a 3.4-fold increase over all of 2025. North Korean Hackers Drive $600M in Stolen Funds The first half of 2026 marked the most active period for onchain security threats on record, with security …
Australia sues Telegram over alleged failures to remove terror content
Telegram faces Australian court proceedings after eSafety alleged the platform failed to detect and remove extremist material shared by users. Telegram, the messaging platform used by more than 1 billion people worldwide, is facing a major legal challenge in Australia over claims that it failed to stop the spread of terrorism-linked material. Australia’s online safety …
Continue reading “Australia sues Telegram over alleged failures to remove terror content”
Chinese newspaper warns of Bitcoin extortion scam using its name
China Business Journal says fraudsters impersonated the publication, demanding Bitcoin to suppress purported investigative reports about targeted companies. China Business Journal, a state-affiliated newspaper, has warned that fraudsters have been impersonating the publication to extort companies by demanding Bitcoin in exchange for suppressing damaging reports. In a statement issued Thursday, the newspaper said scammers used …
Continue reading “Chinese newspaper warns of Bitcoin extortion scam using its name”
Bitcoin ETF inflows return as Ether funds slip into outflows
US spot Bitcoin ETFs recorded $32.1 million in inflows on Wednesday despite Bitcoin dipping below $64,000, ending a four-session outflow streak. US-listed spot Bitcoin exchange-traded funds (ETFs) ended a four-session outflow streak on Wednesday, recording $32.1 million in net inflows. After posting more than $500 million in combined outflows over four straight trading sessions, spot …
Continue reading “Bitcoin ETF inflows return as Ether funds slip into outflows”
South Korea report proposes stablecoin rules before crypto law
Policy report recommends interim licensing guidance, greater flexibility for stablecoin issuers and rules ahead of the Digital Asset Basic Act. South Korea should allow greater flexibility for stablecoin issuers, provide interim licensing guidance and phase in stablecoin regulation before completing its Digital Asset Basic Act, according to a policy report published Wednesday by Hashed Open …
Continue reading “South Korea report proposes stablecoin rules before crypto law”