Category: crypto

KB Financial Group completed a proof of concept for a South Korean won-denominated stablecoin, testing payments, settlement, and overseas remittances. The pilot reduced fees by 87% and finished a transfer to Vietnam in under three minutes. South Korea’s stablecoin regulations are still uncertain, but the central bank supports the use of stablecoins in the future…

The U.S. Senate’s crypto market structure bill faces potential delays if not passed before August recess. Republicans need support from seven Democrats for the bill to pass. Failure to pass could leave the crypto industry in regulatory uncertainty. The election calendar may complicate the bill’s timeline. Regulatory clarity is seen as essential for institutional confidence…

Verus Protocol’s Ethereum bridge was exploited, resulting in over $11.5 million in crypto assets being stolen through a forged cross-chain transfer message. Security firms Blockaid, PeckShield, and ExVul identified the exploit and linked it to missing validation checks. The incident is part of a series of DeFi breaches in 2026.

Iran is considering implementing an insurance system for ships crossing the Strait of Hormuz, with speculation about accepting Bitcoin payments. Reports of scam messages demanding Bitcoin or USDT for safe passage have emerged. The US froze $344 million in USDT linked to Iran, leading to debates about using Bitcoin as a settlement tool.

Forsage co-founder Olena Oblamska pleaded not guilty in a U.S. federal court after being extradited from Thailand in connection to an alleged $340 million Ponzi scheme. Three other founders charged in the indictment remain at large. Prosecutors allege that Forsage operated as a Ponzi scheme, leaving most investors with losses.

Aave has resumed wrapped Ether borrowing across affected markets following the Kelp DAO exploit. Legal disputes over 30,765 ETH tied to the exploit are ongoing. Aave’s liquidity conditions are adjusting post-exploit, with recovery efforts continuing. Kelp DAO plans to discontinue rsETH bridging on multiple networks after June 15 as part of a security-focused consolidation effort.

Chinese, American, and Emirati authorities conducted their first joint law enforcement operation against telecom and online fraud in Dubai, resulting in the dismantling of nine fraud dens and the arrest of 276 suspects. The operation targeted crypto romance scams that led victims to invest in fake cryptocurrency platforms, resulting in significant financial losses. The crackdown…

The U.S. Department of Justice has charged German citizen Owe Martin Andresen for money laundering linked to the now-defunct darknet marketplace Dream Market. Andresen allegedly used dormant administrator wallets to move funds and purchased gold bars. Authorities seized $1.7 million in gold bars, cash, and crypto assets. Andresen was arrested in Germany on parallel charges.

CNN has brought attention back to Q-Day, the potential future point when quantum computers could break common encryption systems. Concerns have been raised about the security of internet traffic and crypto wallets, prompting some networks like Solana to start testing post-quantum defenses. NEAR warns of ownership disputes in case of quantum attacks. NIST advises organizations…

Intesa Sanpaolo more than doubled its crypto exposure to $235 million in the first quarter of 2026. The bank added Ether and XRP positions while reducing its Solana holdings. Intesa also increased its Bitcoin ETF exposure through listed products. This move follows earlier Bitcoin purchases and shows a trend of European banks entering the crypto…