The Bank of Korea and nine commercial lenders began phase two of a digital won pilot, testing bank-issued deposit tokens backed by central bank infrastructure to determine whether the system can support government subsidy payments and consume transfers and payments nationwide. The second phase of Project Hangang adds two banks, Kyongnam Bank and iM Bank,…
RedotPay, a Hong Kong-based stablecoin payments startup, is facing internal strain and executive turnover as it seeks up to $150 million in fresh funding and works toward a U.S. IPO that could value the company at more than $4 billion. Those ambitions are being clouded by executive turnover. At least five senior hires left within…
A U.K. parliamentary committee urged the government to impose “an immediate moratorium on crypto donations” until Parliament approves Electoral Commission statutory guidance. In a report, the Joint Committee on the National Security Strategy said crypto poses an avoidable risk to political finance and public trust. The committee said rules should be ready before the next…
Bitcoin heads into the March Federal Open Market Committee (FOMC) meeting with strong momentum, trading above $74,000 after eight consecutive daily gains. However, data compiled by bitcoin lender Two Prime suggests this strength may mask a recurring pattern, FOMC meetings have historically acted as short term bearish catalysts for BTC. Looking at 2025, bitcoin posted…
U.S. regulators’ first joint guidance on applying securities laws to different types of crypto tokens failed to provide enough impetus to lift bitcoin BTC$74,223.94, the largest, above $75,000. The interpretive guidance from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which doesn’t carry the weight of a formal rule, classified…
The CEO of crypto’s largest Decentralized Autonomous Organization (DAO) governance platform says the Biden administration was better for his industry than its successor — and is shutting down his company to prove the point. Tally, which powered on-chain governance for Arbitrum, Uniswap, ENS, and more than 500 other DAOs, will wind down operations after six…
Cryptocurrency payments and gift card platform Bitrefill has blamed the North Korea-linked hacking group Lazarus for a cyberattack on March 1, 2026, that compromised parts of its infrastructure and cryptocurrency wallets. The attackers gained access to production keys, transferred funds from hot wallets, and exposed 18,500 purchase records containing emails, payment addresses, and IP addresses….
XRP (XRP) is trading just above a level heavily targeted by derivative traders, making it a critical zone for near-term price action. The payments-focused cryptocurrency changed hands at around $1.50 at press time, placing just above a notable concentration of options activity at $1.40 on crypto exchange Deribit. XRP is used by Ripple to facilitate…
Robinhood’s (HOOD) newly launched venture fund has added stakes in Stripe and ElevenLabs, marking its first disclosed investments since beginning trading earlier this month. Robinhood Ventures Fund I (RVI), a closed-end fund designed to give retail investors exposure to private companies, said it purchased roughly $14.6 million in Stripe shares and $20 million in ElevenLabs…
Illinois Lieutenant Governor Juliana Stratton is poised to become the next Senator from the state after winning the Democratic primary Tuesday night, defeating Representative Raja Krishnamoorthi. Krishnamoorthi had received close to $10 million in backing from crypto super-political action committee (PAC) Fairshake, among other entities, while Stratton was backed by Illinois Governor JB Pritzker. Illinois’…
