Day: 7 May 2026

Binance has seen the value of its emergency insurance reserve climb sharply after Bitcoin’s recent rally pushed the exchange’s SAFU Fund to an estimated $1.2 billion. The Secure Asset Fund for Users, commonly known as SAFU, was boosted earlier this year when Binance purchased 15,000 BTC in February 2026 at ...

South Korea first introduced plans to tax cryptocurrency gains in 2020, when the Ministry of Economy and Finance confirmed that profits from digital assets would be brought into the tax system for the first time. The proposal set a 20% tax on crypto earnings above a set threshold and marked ...

Tether has launched QVAC MedPsy, a new medical AI system built to run directly on smartphones, wearables, and local devices without relying on cloud infrastructure. Developed by Tether’s AI research unit, QVAC, the models are designed to process sensitive medical information locally instead of sending data through remote servers. The ...

Kraken parent Payward has agreed to acquire Hong Kong-based Reap Technologies for $600 million in a cash-and-stock deal. Payward will issue shares at a $20 billion valuation to complete the purchase, according to Kraken co-CEO Arjun Sethi. The acquisition signals a major push by Kraken to expand stablecoin payment solutions ...

The Smarter Web Company has raised £502,034 through a direct share subscription from its Group Financial Controller, showing internal confidence as the firm continues to lean into a Bitcoin-focused treasury strategy. The subscription saw 1,283,975 new shares issued at £0.391 each, with admission to trading on the London Stock Exchange ...

Alchemy Pay has launched the mainnet of Alchemy Chain, moving it from development into live operation. This marks its shift into a stablecoin-focused payment blockchain built for global settlement. The Layer-1 network is designed for fast, low-cost transactions used in real-world payments such as merchant settlements, cross-border transfers, and remittances. ...

ADI Foundation has partnered with BNY Mellon and Finstreet to build a regulated system for storing digital assets in Abu Dhabi. The project, supported by Abu Dhabi Global Market (ADGM), will help institutions safely store digital assets in a regulated way. It will begin with major cryptocurrencies like Bitcoin and ...

TrustedVolumes, a core liquidity provider for the 1inch Network, has been hit by a smart contract exploit that drained about $5.9 million in crypto assets. On-chain data and security firms PeckShield and SlowMist report that the attacker targeted the protocol’s Request for Quote contract late Wednesday. 🚨 We were recently ...

Kaia is expanding deeper into stablecoin infrastructure with the launch of a new venture fund aimed at backing payment rails, onchain finance platforms, and digital asset infrastructure across Asia. The new fund, called the Kaia-Simsan Financial Innovation Venture Fund, was launched through a partnership between Kaia Investment Partners (KIP) and ...

BTQ Technologies has stepped into a pivotal role in South Korea’s evolving digital finance landscape, becoming the core post-quantum cryptography (PQC) provider for a new bank-led stablecoin initiative. The company is working alongside Finger Inc. and iM Bank in a proof-of-concept designed to test a Korean won stablecoin secured against ...