Day: March 11, 2026

CBI Arrests Darwin Labs CTO in GainBitcoin Cryptocurrency Case

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India’s Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder and chief technology officer of Darwin Labs Private Limited, in connection with the long-running GainBitcoin cryptocurrency fraud investigation. According to a Wednesday press release shared via the CBIs official X account, Varshney was detained at Mumbai airport on Monday while attempting to leave India after a Look Out Circular had been issued against him. He was formally arrested and handed over to the CBI on Tuesday. The CBI said Darwin Labs played a central role in building the technological…

Binance sues The Wall Street Journal over allegedly false reporting that led to DOJ probe

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Binance is suing The Wall Street Journal over an article published on February 23, 2026, which the crypto exchange calls false and damaging to its reputation, according to a Wednesday blog post. We have filed a complaint against the @WSJ for publishing a false and defamatory report, and to shine the light of truth. We view this suit as a necessary step to defend ourselves against misinformation, hold the WSJ accountable for prioritizing clicks over journalistic… pic.twitter.com/c4BPAi95Kh — Binance (@binance) March 11, 2026 The lawsuit was revealed shortly after the…

XRP Is Forming a Chart Pattern That Last Led to a 1,500% Price Rally

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XRP’s (XRP) weekly price chart is starting to resemble a technical pattern that previously marked a major cycle low and preceded a sharp upside reversal. Key takeaways: XRP’s weekly chart fractal resembles the 2017 cycle low before a 1,577% surge. An XRP price breakout requires a sustained move above the $2 resistance zone. Declining exchange balances indicate XRP accumulation. XRP fractal hints at a massive price rally ahead A long-term fractal comparison between the 2017-2018 and 2024-2026 cycles suggests that XRP’s sharp sell-off from $3.66 multi-year highs mirrors a pattern…

Senator Introduces ‘DEATH BETS’ Act Against War-Linked Prediction Markets

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US Democratic Party Senator Adam Schiff introduced legislation Tuesday that would explicitly bar federally regulated prediction-market platforms from listing contracts tied to war, terrorism, assassination and individual deaths. The bill, called the DEATH BETS Act, would amend the Commodity Exchange Act to make those contracts prohibited for entities overseen by the US Commodity Futures Trading Commission (CFTC). In a statement announcing the bill, Schiff said markets that let traders profit from violent events create incentives for the misuse of classified information, threaten national security and encourage violence. He said prediction…

Scaling AI Makes It Riskier

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Opinion by: Mohammed Marikar, co-founder at Neem Capital Artificial intelligence has consistently been defined by scale, so far — bigger models, faster processing, expanding data centers. The assumption, based on traditional technology cycles, was that scale would keep improving performance and, over time, costs would fall and access would expand. That assumption is now breaking down. AI is not scaling like other software. Instead, it is capital-intensive, constrained by physical limits, and hitting diminishing returns far earlier than expected. The numbers make this clear. Electricity demand from global data centers…

Wells Fargo Files Trademark for ‘WFUSD’ Crypto Services Platform

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US banking giant Wells Fargo has filed a trademark application covering a wide range of cryptocurrency trading, payments and blockchain software services. A filing submitted to the US Patent and Trademark Office (USPTO) on Tuesday seeks protection for the name “WFUSD.” The application is currently awaiting assignment to an examining attorney, according to official trademark records. The filing outlines a broad list of potential products and services linked to digital assets, including “cryptocurrency trading services; cryptocurrency exchange services; cryptocurrency payment processing; financial brokerage services for cryptocurrency trading; electronic transfer of…

Wells Fargo files “WFUSD” trademark, signaling launch of dollar-backed stablecoin

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Wells Fargo has filed a trademark application for “WFUSD,” signaling the bank’s plans to enter the growing stablecoin market, according to a March 10 submission to the US Patent and Trademark Office (USPTO). The filing covers software, blockchain platforms, and financial services for digital payments, crypto trading and staking, wallets, tokenization, and smart contracts. This is not Wells Fargo’s first foray into digital currency technology. The San Francisco-based firm previously piloted Wells Fargo Digital Cash, an internal stablecoin for cross-border settlements running on its first distributed ledger technology platform. The…

DOJ Investigates Iran’s Use of Binance to Evade US sanctions: WSJ

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The Department of Justice is investigating Iran’s use of Binance for alleged sanctions evasion after the exchange repeatedly denied wrongdoing. The US Department of Justice is reportedly investigating Iran’s use of Binance for alleged sanctions evasion. The DOJ is investigating whether Iran used Binance to evade US sanctions and whether transactions on the exchange helped route funds to networks linked to Iran-backed groups, including Yemen’s Houthi militants, the Wall Street Journal reported Wednesday, citing company documents and people familiar with the matter. The WSJ said it remains unclear whether the…

ECB Launches Appia Project to Shape Tokenized Markets

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The European Central Bank (ECB) on Wednesday published its Appia roadmap, setting out a long-term plan for building tokenized wholesale financial markets in Europe anchored in central bank money. The roadmap is built around two linked initiatives. Pontes is the Eurosystem’s distributed ledger technology settlement solution, while Appia is the broader strategic framework for developing a future tokenized financial ecosystem. The ECB said Pontes is scheduled to launch in the third quarter of 2026. “With Appia, we are building a road from today’s financial system to tomorrow’s tokenized markets, firmly…

DOJ opens probe into Iran’s alleged use of Binance to evade sanctions: WSJ

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The Department of Justice has opened a probe into whether Iran relied on Binance, the world’s leading crypto exchange, to skirt US sanctions and support militant organizations, including the Islamic Revolutionary Guard Corps and the Houthi movement, The Wall Street Journal reported Wednesday. Officials have begun reaching out to people familiar with the transactions as they gather evidence related to funds that passed through Binance and were allegedly connected to those entities. The scope of the investigation is still unclear, with officials not saying whether the exchange itself could face…