Canaan has authorized management to sell part of its Bitcoin and Ethereum holdings to finance share repurchases under an existing $30 million program. Summary Canaan’s crypto treasury was worth about $130 million as of Aug. 3. The miner held 1,915 BTC and 3,952 ETH at the end of June. Canaan had spent $2 million on…
Binance-affiliated companies have launched a high-profile legal battle against stablecoin payments provider RedotPay, accusing the firm and its co-founders of improperly diverting nearly half a million Binance users in violation of commercial agreements. The lawsuit, filed in Hong Kong, seeks approximately $472.8 million in damages, marking one of the most significant legal disputes to emerge…
The AI industry is having a rogue agent summer. The latest model to escape onto the open internet during security testing is Kimi K3, a powerful open-weight offering from the Chinese company Moonshot AI. Frontier Security, a US startup, says that Kimi K3 went outside of its sandbox while testing its defensive cybersecurity skills. As…
Key Takeaways Dubai Duty Free adds Crypto.com Pay across airports and online. Customers can authorize payments through the Crypto.com App. UAE regulation supports digital payment expansion. Dubai Duty Free Adds Crypto Payments to Airport Retail The airport retailer unveiled Crypto.com Pay on Aug. 5, 2026, introducing the payment option across Dubai International Airport, Al Maktoum…
The first update is scheduled for August 7, with the second set for the following day. The world’s largest cryptocurrency exchange will conduct a major scheduled upgrade on Saturday that will pause certain trading activities. The second major statement from the firm outlined the delisting of numerous trading pairs, one even against BTC. An…
More details continue to trickle out about OpenAI’s mysterious new hardware device — described previously as an AI-fueled smart speaker that will be the “physical manifestation” of ChatGPT. Bloomberg now reports that the device will be “donut-shaped,” designed thusly to allow users to carry it around their home and place it in different locations, like…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. At first glance, the headlines making rounds across social media sound like a dream for crypto traders: Thailand has officially waived capital gains tax on digital assets. But before off-grid investors pack their bags for…
Bitcoin fell below $65,000 on Thursday after stronger-than-expected U.S. jobless claims data reinforced concerns that the Federal Reserve could keep interest rates elevated. Summary Bitcoin traded at $64,384, down 0.69% after failing to close above $65,000. Initial U.S. jobless claims reached 199,000, below economists’ forecast of 204,000. BTC found immediate support near $64,000, while $64,800–$65,000…
Samsung’s latest foldables are drawing record early demand despite their premium prices. US demand for the Galaxy Z Fold8 Ultra, Fold8, and Flip8 is running 30% above the previous Galaxy Z high, according to figures shared with Mashable. Galaxy Z Fold8 accounts for nearly half of reservations. Price has not kept buyers away from the…
Key Takeaways Senate faces one-day deadline for CLARITY Act vote. The crypto bill’s supporters seek 60 votes before recess. Chairman Tim Scott highlights momentum behind Senate action. Stand With Crypto Calls for Last-Day Senate Action The future of U.S. digital asset regulation faces a key Senate deadline as lawmakers have one day left to advance…
