Telegram Founder Pavel Durov Finally Breaks Silence on Russia Charges

Telegram founder Pavel Durov has answered Russias terrorism charges, accusing Moscow of punishing him for rejecting state demands for mass surveillance and censorship on the messaging app.  Rosfinmonitoring, Russias financial monitoring service, added Durov to its registry of terrorists and extremists on Thursday. The listing arrived one day after the Federal Security Service (FSB) opened a criminal case against him.  Durov Answers Moscow With a Meme  Durov did not rebut the allegations point by point. He posted a short statement to his Telegram channel, then followed it with a two-panel image.  Sponsored  Sponsored  “Russia has designated me as a ”terrorist“ for refusing its demands for mass surveillance and censorship on Telegram. Under Russian law, Im banned from ”publishing information on the Internet“. Russian officials have clearly got confused about who can ban whom from the Internet,” Durov wrote.  Follow us on X to get the latest news as it happens  The image placed his own photo, captioned terrorist, beside Taliban representatives greeting Russian Foreign Minister Sergey Lavrov, captioned respected partners. Russias Supreme Court removed the Taliban from that same registry in April 2025.  What the Designation Actually Changes  Russian banks must freeze the personal assets of anyone on the Rosfinmonitoring list and cut off financial services. That obligation covers Durov

07-31انڈسٹری

The Web‘s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans

The story being told about x402 right now is that it ends the subscription era and finally makes fractional-cent payments work for everyone. I want to push back on that, not because x402 is unimportant, but because the framing repeats a thirty-year-old mistake.   Micropayments have been predicted, launched, and buried repeatedly since the mid-1990s. They did not fail on technology. They failed on human psychology.  What is genuinely new about x402 is not the rail underneath it. It is that the party making the payment decision is no longer a person.  Sponsored  Sponsored  The Thirty-Year Graveyard  Digital Equipment Corporation built Millicent in the mid-1990s, a script-based system explicitly designed to support payments as small as one tenth of a cent. CyberCash and its CyberCoin product handled small online payments before the companys assets were sold to VeriSign in 2001.  Beenz and Flooz, the two best-funded consumer digital currencies of the dot-com era, both collapsed in August 2001 within days of each other. Flooz went bankrupt after unknowingly selling around $300,000 of currency to a Russian and Filipino organised crime ring using stolen cards. These were not engineering failures.  Later attempts kept the pattern going with better technology. Brave‘s Basic Attention Token, launched in 2017, tried to reward

07-31انڈسٹری

India‘s Central Bank Sold $7 Billion in a Day to Stop the Rupee’s Slide

The Reserve Bank of India (RBI) sold about $7 billion last Friday to defend the rupee, Bloomberg reported, citing people familiar with the matter.  The rupee traded at 95.6 per dollar on Thursday, about 1.4% from its record low. The currency has fallen 5.87% against the dollar in 2026.  Indian Rupees Performance Against the US Dollar in 2026. Source: Google Finance  Sponsored  Sponsored  Inside the Largest RBI Rupee Intervention in Months  According to the report, the latest move ranked among the central banks largest direct interventions in months. The central bank intervened in both onshore and offshore markets. This came as currency was sliding close to its May record low of 96.96 per dollar.  Two senior bankers put Fridays dollar sales at $8 billion to $9 billion, Reuters reported. Follow-up sales on Monday and Tuesday then lifted the rupee past 96 per dollar.  Meanwhile, Indias foreign exchange reserves stood at $676.2 billion as of July 17, up more than $9 billion in three weeks.  Follow us on X to get the latest news as it happens  Fridays Move Follows 3 Months of Heavy Dollar Sales  The latest intervention extends a months-long pattern. RBI data shows the central bank sold a net $9.76 billion in March, $8.94 billion in April, and $6.1

07-30انڈسٹری

OFAC Targets Irans Crypto-Funded Toll Scheme in Strait of Hormuz

The US Treasurys Office of Foreign Assets Control (OFAC) sanctioned two firms accused of supporting an IRGC-backed scheme that allegedly extorted commercial vessels transiting the Strait of Hormuz by requiring them to purchase maritime insurance.  Wednesdays designations hit the Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority, known as Hormuz Safe. Treasury says the policies extract revenue while covering risks that Iran itself creates.  Sponsored  Sponsored  Follow us on X to get the latest news as it happens  How Irans Hormuz Insurance Scheme Drew US Sanctions  The IRGC reportedly began collecting transit fees from tankers passing through the Strait of Hormuz in April, with charges starting at approximately $1 per barrel.  The Treasury said the insurance scheme was created to offset revenue lost following Operation Epic Fury. Treasury Secretary Scott Bessent linked the initiative to Irans worsening economic conditions.  “With its economy in freefall and inflation in the triple digits, the regime is desperate for cash,” he said.  According to the department, Iran established the “illegitimate schemes” through the Persian Gulf Marine Insurance Company (PGMIC) and HormuzSafe Marine Services Authority.  It said Irans Ministry of Economy developed HormuzSafe. It offers insurance, traffic control, security, and emergency response services to vessels transiting the strait.  Sponsored  Sponsored  The firm accepts payments in Bitcoin

07-30انڈسٹری

Gold Electronics Demand Rises 4% on AI Infrastructure Boom

Gold demand from the electronics sector rose to 68.3 tonnes in the second quarter. This marked a 4% year-over-year increase.  The rise came as artificial intelligence (AI) infrastructure spending offset a slump in consumer device shipments.  AI Infrastructure Lifts Gold Electronics Demand  The electronics sector accounts for the majority of gold used in technology. Demand there climbed from 65.8 tonnes in the same quarter of 2025, the World Gold Council reported.  Sponsored  Sponsored  Growth came from AI server mainboards, integrated circuit substrates, and printed circuit boards for low-earth orbit satellites. Memory and semiconductor use also rose, driven by the same AI memory demand surge reshaping chipmaker valuations.  Automotive lighting added more. Gold wire and gold-tin bonding remain standard in vehicle head and tail lamps, where heat and vibration demand durable materials.  Follow us on X to get the latest news as it happens  “Gold usage in the electronics space very much remained on a two-speed setting: strong AI infrastructure investment offset weakness in smartphone and laptop shipments, primarily due to surging memory costs. High gold prices also continued to accelerate thrifting and substitution in many low- and midrange applications, adding further pressure to some traditional consumer electronic applications,” the report read.  The consumer end moved in the opposite direction. IDC

07-30انڈسٹری

Primit Wraps Up Season 1 Trading Campaign on Avalanche

The two-week campaign brought thousands of traders on-chain, with daily $500 prize pools and fully transparent, publicly verifiable winner selection.  Primit, the decentralized perpetual exchange built on Avalanche, today announced the successful conclusion of its Season 1 trading campaign, a 14-day event that rewarded traders with daily prize pools and marked the platforms first major community milestone since launch.  Running from July 15 to July 28, the campaign invited traders of all sizes to participate with a deliberately low barrier to entry: anyone generating at least $200 in daily trading volume was automatically entered into that days draw. Each day, 20 winners split a $500 prize pool, with rewards distributed directly to their wallets.  By the Numbers  Over the course of Season 1, Primit recorded:10,000+ participating wallets across the campaignOver 500 wallets qualified for every single one of the 14 daily actions14 daily draws completed, with 280 total winners$100,000 will be distributed directly to traders wallets  In a space where campaign fairness is often questioned, Primit published every days winner list — with masked wallet addresses — on its official blog, allowing anyone to verify results on-chain. This transparency-first approach became a defining feature of the campaign and a foundation of trust with its early

07-30انڈسٹری

BitMart Shutdown Sparks Withdrawal Concerns: $3.7 Million in User Assets Reportedly Affected — WikiB

After BitMart announced its orderly shutdown on July 26, an increasing number of users have reported issues in recent days, including withdrawal difficulties, delayed withdrawals, abnormal account balances, and unresponsive customer support.  On July 30, affected BitMart users with significant asset exposure established a joint communication group and completed an initial registration process. According to the preliminary records, 27 users reported being unable to withdraw their funds normally, with total affected assets reaching approximately 3,704,214 USDT.  The largest reported individual asset amount reached 700,000 USDT, while several other users reported account balances ranging from 100,000 USDT to 600,000 USDT.  Screenshots from the original accounts of just seven users showed a combined balance of 1,692,203.67 USDT.  Screenshot of BitMart Users Unable to Withdraw Funds (Source: @MINGLIbtc)  Centralized exchanges (CEXs) play a critical role in custodying user assets, facilitating trades, and providing withdrawal services. However, over the past few years, the crypto industry has witnessed multiple exchange risk events. From the collapse of major exchanges to withdrawal difficulties faced by smaller platforms, ordinary users are often the ones who suffer the greatest impact in the end.  When such incidents continue to occur, how can users better protect their asset rights and interests?BitMart Shutdown: $3.7 Million in User Assets

07-30انڈسٹری

Will WEEX Become the Next BitMart or BitMEX? An In-Depth Risk Assessment Based on Real Data and User

Last week, with veteran crypto exchanges BitMart and BitMEX announcing their shutdowns amid a harsh market environment, negative sentiment spread rapidly across the industry. Investors and market observers began asking one question: which exchange could be next to face a crisis?  WEEX, an eight-year-old crypto exchange, has also come under the spotlight after a series of negative claims surfaced online. An industry insider who had previously warned about BitMarts potential collapse two months earlier shared a prediction on X, stating: “WEEX is going to shut down.”  Some users have also filed complaints on FX110, claiming that they experienced issues such as unauthorized fund deductions, account freezes without explanation, and being asked to “delete their posts before withdrawals could be processed.”  Recently, an individual claiming to be a “former BitMart employee and current WEEX employee” posted on social media, accusing the company of poor internal management and misleading employees.  On one side, WEEX presents itself as a platform with strong financial backing and regulatory credibility — an official partner of LaLiga, a 1,000 BTC protection fund, and multiple regulatory registrations, creating the image of a well-funded and legitimate exchange.  On the other side, there are allegations including “funds deducted without notification,” “withdrawals only approved after deleting

07-29انڈسٹری

Under the Deep Bear Market, Veteran Exchanges Are Falling One After Another: The Risk Warning Behind

On July 23, BitMEX, the pioneer of perpetual contracts, announced that it would officially shut down operations on September 23.  On July 26, BitMart, once ranked among the worlds top 10 cryptocurrency exchanges, announced that it would officially cease platform operations on January 31, 2027.  Neither of these exchanges was an unknown small-scale platform. One had been operating for 11 years, while the other had been in operation for 8 years. Both were veteran exchanges that grew alongside the explosive expansion of the cryptocurrency industry and could be considered witnesses to the evolution of the crypto market.  However, before BitMEX and BitMart announced their shutdowns, warning signs and risk forecasts had already emerged in the market.  For example, WikiBit, a global cryptocurrency exchange regulatory verification and risk assessment platform, had already assigned relatively low risk scores to both exchanges: 5.48 for BitMEX and 5.16 for BitMart.  Within a short period, both exchanges accumulated multiple risk alerts — 3 risk indicators for BitMEX and 6 for BitMart — including user complaints, significant increases in capital outflows, and cryptocurrency regulatory concerns.  BitMEX and BitMart Risk Data (Source: WikiBit)  Regardless of the reasons, the collapse of two relatively large exchanges within just one week has sent a chilling message throughout

07-29انڈسٹری

Countdown to the Fed Rate Decision: BTC Has Reached a Critical Turning Point

At 2:00 AM Beijing Time on July 30, the Federal Reserve will announce its fifth interest rate decision of 2026, putting global financial markets to the test.  This is not an ordinary FOMC meeting — several institutions have described it as “one of the most difficult rate decisions to predict in recent years.”  On one hand, the surge in oil prices, the implementation of new tariffs, and the AI investment boom have collectively disrupted the previous inflation narrative. As a result, the probability of a Fed rate hike has surged from 13% to 36% within just one week. On the other hand, the “silent revolution” led by new Fed Chair Waller has completely abandoned Powell‘s long-standing practice of forward guidance, leaving the market without the policy compass it had relied on for more than a decade. This has made the Fed’s interest rate decisions increasingly difficult to forecast.  For Bitcoin, which has been trapped in a tug-of-war between $61,000 and $66,000 for more than three weeks, this rate decision could become the most important short-term catalyst for a market breakout. A major move may be imminent, and crypto investors need to clearly understand the risks and prepare accordingly.Fed Rate Decision: 3 Scenarios, 3

07-29انڈسٹری
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