Bio
Saqib is COO and co-founder at A47 AI, where he runs operations and leads the prediction-markets initiative. He covers crypto, Web3, and the decentralization of the sport and entertainment economy.
Editorial Responsibility
As A47's prediction-markets and crypto editor, I am responsible for our coverage of these markets and Web3 — ensuring it is grounded in real product, data, and revenue rather than speculation.
Previous experience · 14+ years
- · WPP Media (GroupM PK, Wavemaker PH)
- · MYCO
- · ARY Digital Network
Education
MBA Marketing, SZABIST
Areas of expertise
Categories overseen
Stories from Saqib Pathan’s desk
8664 stories- Crypto· World
Counterfeit Ledger Live App on Apple Mac App Store Leads to $9.5 Million Cryptocurrency Theft
A fraudulent Ledger Live application on the Apple Mac App Store enabled the theft of approximately $9.5 million in cryptocurrency from over 50 users between April 7 and 13, 2026. The immediate trigger for this incident was the malicious app's ability to extract wallet recovery seed phrases, allowing attackers to drain funds across multiple blockchains. This event underscores the ongoing vulnerabilities in app distribution platforms and may prompt increased scrutiny and regulatory measures for app vetting processes in the tech industry.
6 sourcesApr 17High
- Crypto· World
Kraken Confirms Confidential U.S. IPO Filing at Semafor World Economy 2026 Summit
On April 14, 2026, Kraken co-CEO Arjun Sethi confirmed the cryptocurrency exchange's confidential filing for a U.S. initial public offering during the Semafor World Economy 2026 conference. This confirmation follows a period of market volatility that had previously led to a pause in the IPO process, highlighting Kraken's strategic focus on long-term growth and regulatory compliance. The move signals a potential shift in the cryptocurrency market as Kraken aims to bridge traditional finance with digital assets, paving the way for increased institutional participation in the sector.
6 sourcesApr 17Moderate
- Crypto· MENA
Rakuten Wallet Launches XRP Spot Trading for 44 Million Users in Japan
On April 7, 2026, Rakuten Wallet announced the integration of XRP spot trading, set to launch on April 15, enabling 44 million Rakuten Pay users to purchase XRP using Rakuten Points. This move is driven by Japan's progressive cryptocurrency regulations and the need to enhance user engagement within Rakuten's extensive e-commerce ecosystem. The long-term implication is a potential increase in cryptocurrency adoption for everyday transactions in Japan, further bridging the gap between digital assets and mainstream commerce.
4 sourcesApr 17Moderate
- Crypto· World
Coinone Fined 5.2 Billion Won for Anti-Money Laundering Violations
On April 13, 2026, South Korea's Financial Intelligence Unit fined Coinone 5.2 billion won and imposed a three-month partial business suspension for anti-money laundering breaches. This action follows the identification of significant lapses in customer identity verification and unauthorized transactions with foreign exchanges. The long-term implication is a continued tightening of regulatory scrutiny on cryptocurrency exchanges in South Korea, potentially leading to further compliance challenges for the industry.
3 sourcesApr 17Low
- Crypto· World
eToro to Acquire Zengo for $70 Million to Enhance Self-Custodial Crypto Solutions
On April 15, 2026, eToro announced an agreement to acquire Zengo, a self-custodial cryptocurrency wallet provider, for approximately $70 million. This acquisition is driven by eToro's strategy to integrate Zengo's technology to meet the growing demand for decentralized finance solutions. The long-term implication is that eToro aims to solidify its position in the crypto market by enhancing its offerings in self-custody and decentralized trading products.
4 sourcesApr 17Low
- Crypto· World
X Launches Smart Cashtags for Real-Time Crypto and Stock Tracking
X has introduced Smart Cashtags, enabling real-time tracking of stocks and cryptocurrencies for iPhone users in the US and Canada. This rollout is part of a pilot partnership with Wealthsimple, allowing seamless trading access for Canadian users. The long-term implication is X's positioning as a central hub for financial services, aligning with Elon Musk's vision of an integrated financial platform.
6 sourcesApr 17Moderate
- Crypto· World
Virginia Enacts Law for In-Kind Transfer of Unclaimed Digital Assets
Virginia Governor Abigail Spanberger signed House Bill 798 into law, mandating the transfer of dormant digital assets to the state after five years of inactivity. This legislative change is driven by the need to address the volatility of cryptocurrencies and protect asset value for owners. The long-term implication is a potential shift in how unclaimed digital assets are managed across the U.S., influencing similar legislative efforts in other states.
3 sourcesApr 17Low
- Crypto· World
ETH/BTC Ratio Hits Three-Month High as Ethereum Surges
The ETH/BTC ratio reached 0.0313 on April 15, 2026, marking its highest level since January. This surge is driven by Ethereum's record network activity and a significant increase in new users, alongside a stablecoin supply reaching an all-time high. The long-term implication suggests a potential shift in market dynamics favoring Ethereum, with analysts watching for a close above 0.035 to confirm this trend.
3 sourcesApr 17Low
- Crypto· World
Bitmine Immersion Technologies Reports $3.82 Billion Net Loss Amid Ethereum Price Decline
Bitmine Immersion Technologies has reported a net loss of $3.82 billion for the quarter ending February 28, 2026, primarily due to $3.78 billion in unrealized impairments on its digital asset holdings. This significant loss is attributed to a recent decline in Ethereum prices, which has impacted the company's balance sheet following its pivot to an Ethereum treasury strategy. In the long term, the company is expected to continue its accumulation of Ethereum, despite the volatility, as it seeks to stabilize its operations and revenue through staking.
4 sourcesApr 17Low
- Crypto· World
Tether Increases Bitcoin Reserves by $70 Million to 97,141 BTC
On April 15, 2026, Tether transferred 951 Bitcoin, valued at approximately $70 million, to its reserve wallet, raising its total holdings to 97,141 BTC. This move is part of Tether's ongoing strategy to diversify its reserves, allocating a portion of its profits to Bitcoin purchases since May 2023. The long-term implication is a strengthened position for Tether in the cryptocurrency market, potentially enhancing the stability of its USDT stablecoin amid growing institutional confidence in Bitcoin.
5 sourcesApr 17Moderate
- Business· World
High Roller Technologies Executes Agreement with Crypto.com to Launch Prediction Markets in the U.S.
High Roller Technologies Inc. shares surged over 100% following the execution of a definitive agreement with Crypto.com to launch regulated prediction markets in the United States. This surge is driven by the anticipated growth in a market projected to exceed $1 trillion in annual trading volume, coinciding with increasing regulatory clarity for CFTC-approved event contracts. The long-term implication suggests a significant shift in the online gaming and derivatives trading landscape, positioning High Roller as a key player in this emerging sector.
4 sourcesApr 17Low
- Business· World
NASDAQ Composite and S&P 500 Reach Record Highs as Bitcoin Surges to $75,229
On April 15, 2026, the NASDAQ Composite and S&P 500 achieved record closing highs, driven by a significant rise in technology stocks and Bitcoin reaching $75,229. This surge is attributed to easing geopolitical tensions in the Middle East and softer-than-expected U.S. inflation data, creating a favorable risk environment for investors. The long-term implication suggests a continued bullish trend in both equity and cryptocurrency markets as investor confidence grows amid stabilizing geopolitical conditions.
3 sourcesApr 17Low
- Crypto· World
BitMEX Research Proposes Canary Fund to Address Bitcoin's Quantum Vulnerability
BitMEX Research has introduced a conditional 'canary fund' mechanism to counteract the risks posed by quantum computing to Bitcoin, challenging the recently proposed BIP-361. This proposal comes in response to the immediate threat of quantum attacks that could compromise a significant portion of Bitcoin's supply, as highlighted by recent research. If adopted, this initiative may lead to a shift in how the Bitcoin community approaches security and protocol upgrades in the face of emerging technologies.
4 sourcesApr 17Moderate
- Crypto· World
U.S. DOJ Initiates $40 Million Remission Program for OneCoin Fraud Victims
On April 13, 2026, the U.S. Department of Justice announced a remission process offering over $40 million in forfeited assets to victims of the OneCoin Ponzi scheme. This initiative is a direct response to the extensive fraud that affected 3.5 million investors globally, with claims open until June 30, 2026. The long-term implication is a potential shift in regulatory approaches to cryptocurrency fraud and increased scrutiny on similar schemes worldwide.
5 sourcesApr 17Low
- Crypto· MENA
World Liberty Financial Proposes 10% Burn of Insider WLFI Tokens in Governance Overhaul
On April 15, 2026, World Liberty Financial announced a governance proposal to burn 10% of insider WLFI token allocations. This move is triggered by ongoing governance challenges and aims to restructure over 62 billion locked tokens to enhance long-term alignment among stakeholders. The long-term implication could lead to increased token scarcity and value, particularly benefiting investors linked to UAE firms involved in WLFI.
8 sourcesApr 17Moderate
- Crypto· MENA
State Bank of Pakistan Lifts 2018 Ban on Bank Accounts for Virtual Asset Service Providers
On April 14, 2026, the State Bank of Pakistan authorized regulated banks to open accounts for licensed virtual asset service providers, reversing a ban imposed in 2018. This policy shift is driven by the enactment of the Virtual Assets Act 2026, which aims to integrate crypto activities into the formal financial system while ensuring compliance with anti-money laundering regulations. The long-term implication is the potential for a more structured and regulated crypto market in Pakistan, enhancing financial inclusion and reducing reliance on informal remittance systems.
6 sourcesApr 17Moderate
- Crypto· World
Denmark's Cryptocurrency Ownership Rate Stagnates at 4%, Lowest in Europe
Denmark's cryptocurrency ownership rate remains unchanged at 4%, the lowest in Europe, according to a recent staff paper by Danmarks Nationalbank. This stability is attributed to ongoing institutional barriers such as banking restrictions and high taxation on crypto gains. In the long term, the lack of adoption may prompt Danish financial institutions to reconsider their stance on cryptocurrency as regulatory frameworks evolve under the EU's MiCA regulation.
3 sourcesApr 17Low
- Crypto· World
Bitcoin Surges to $74,500 as S&P 500 Closes Above 7,000 for First Time
Bitcoin rebounded to nearly $74,500 on April 17, 2026, coinciding with the S&P 500 achieving a historic close above 7,000 points. This surge was triggered by better-than-expected US jobless claims data and easing geopolitical tensions in the Middle East. The long-term implication suggests a strengthening correlation between Bitcoin and equity markets, potentially leading to further gains in the cryptocurrency sector as investor confidence grows.
3 sourcesApr 17Low
- Crypto· World
Bitcoin Tests $76,800 Breakeven Resistance Amid Positive Macroeconomic Conditions
Bitcoin approached the critical $76,800 resistance level on April 16, 2026, as it traded near $75,000 in global markets. This movement is driven by macroeconomic factors such as a weakening U.S. dollar and inflows into new Bitcoin ETFs, prompting profit-taking among short-term holders. The long-term implication suggests continued volatility as traders monitor support levels and macroeconomic indicators in the coming days.
4 sourcesApr 17Low
- Crypto· World
U.S. Bitcoin ETFs See $186 Million in Net Inflows as Market Rally Continues
On April 15, 2026, U.S. spot Bitcoin ETFs recorded $186.03 million in net inflows, led by BlackRock's IBIT. This surge is driven by increasing institutional confidence following a broad recovery in the cryptocurrency market, particularly as Bitcoin stabilizes above $74,000. The long-term implication suggests a sustained demand for cryptocurrency investment products, potentially leading to further market expansion and innovation in the sector.
3 sourcesApr 17Low