The CEO of former crypto exchange Thodex was found dead in his prison cell. He was serving time for a $2-billion exit scam. Faruk Fatih Özer was found dead in his prison cell on Nov. 1. The former CEO of now-defunct crypto exchange Thodex was serving an 11,000-year sentence for running one of the largest crypto scams in history. His death marks the latest turn in the Thodex saga, with ripple effects so significant they altered Turkish cryptocurrency laws. The initial details of Özer’s death point to suicide, but the investigation is still ongoing. It has once more brought Thodex back into the spotlight. Read more
The CEO of former crypto exchange Thodex was found dead in his prison cell. He was serving time for a $2-billion exit scam. Faruk Fatih Özer was found dead in his prison cell on Nov. 1. The former CEO of now-defunct crypto exchange Thodex was serving an 11,000-year sentence for running one of the largest crypto scams in history. His death marks the latest turn in the Thodex saga, with ripple effects so significant they altered Turkish cryptocurrency laws. The initial details of Özer’s death point to suicide, but the investigation is still ongoing. It has once more brought Thodex back into the spotlight. Read more
Pakistan is considering a rupee-backed stablecoin and a central bank digital currency (CBDC) to expand financial inclusion. Pakistan is considering launching a rupee-backed stablecoin, as experts warn that delays in regulating digital assets could cost the country up to $25 billion in lost economic opportunities. Speaking at the Sustainable Development Policy Institute (SDPI) Conference on Friday, Pakistan Banks Association (PBA) President Zafar Masud said the nation could unlock $20–$25 billion in crypto-related growth, according to a report by local news outlet Daily Times. Masud pointed out the booming global stablecoin market, adding that Pakistan is “seriously considering a rupee-backed stablecoin” and that a Central Bank Digital Currency (CBDC) could improve financial access while reducing remittance costs. Read more
Pakistan is considering a rupee-backed stablecoin and a central bank digital currency (CBDC) to expand financial inclusion. Pakistan is considering launching a rupee-backed stablecoin, as experts warn that delays in regulating digital assets could cost the country up to $25 billion in lost economic opportunities. Speaking at the Sustainable Development Policy Institute (SDPI) Conference on Friday, Pakistan Banks Association (PBA) President Zafar Masud said the nation could unlock $20–$25 billion in crypto-related growth, according to a report by local news outlet Daily Times. Masud pointed out the booming global stablecoin market, adding that Pakistan is “seriously considering a rupee-backed stablecoin” and that a Central Bank Digital Currency (CBDC) could improve financial access while reducing remittance costs. Read more
AI isn’t a bubble. It’s already reshaping markets. Autonomous AI agents now drive trading, outperforming humans and rewriting how money moves. Opinion by: Saad Naja, Founder and CEO at PiP World While the world debates whether AI is the next dot-com bubble, chasing valuations rather than implications, they’re missing the underlying innovation story. The same AI infrastructure fueling trillion-dollar bets is already rewriting how money moves. AI is no longer an investment theme. It’s the market itself. What few noticed is that the same AI infrastructure driving the headlines is already reshaping the markets from within. Read more
AI isn’t a bubble. It’s already reshaping markets. Autonomous AI agents now drive trading, outperforming humans and rewriting how money moves. Opinion by: Saad Naja, Founder and CEO at PiP World While the world debates whether AI is the next dot-com bubble, chasing valuations rather than implications, they’re missing the underlying innovation story. The same AI infrastructure fueling trillion-dollar bets is already rewriting how money moves. AI is no longer an investment theme. It’s the market itself. What few noticed is that the same AI infrastructure driving the headlines is already reshaping the markets from within. Read more
Zcash (ZEC) soared more than 400% over the past month, climbing above $700 before easing to $548 amid a rally in privacy-focused cryptocurrencies. BitMEX co-founder Arthur Hayes has revealed that Zcash (ZEC) is now the second-largest holding in his family office Maelstrom, trailing only Bitcoin (BTC). “Due to the rapid ascent in price, ZEC is now the 2nd largest *LIQUID* holding in MaelstromFund portfolio behind BTC,” he wrote in a Friday post on X. The disclosure comes amid a sharp rally in Zcash, which has climbed from a low of $137 to over $730 in the past month, representing an increase of more than 400%. Read more
Zcash (ZEC) soared more than 400% over the past month, climbing above $700 before easing to $548 amid a rally in privacy-focused cryptocurrencies. BitMEX co-founder Arthur Hayes has revealed that Zcash (ZEC) is now the second-largest holding in his family office Maelstrom, trailing only Bitcoin (BTC). “Due to the rapid ascent in price, ZEC is now the 2nd largest *LIQUID* holding in MaelstromFund portfolio behind BTC,” he wrote in a Friday post on X. The disclosure comes amid a sharp rally in Zcash, which has climbed from a low of $137 to over $730 in the past month, representing an increase of more than 400%. Read more