South Korea confirms 2027 crypto tax rollout
South Korea confirmed plans to implement a 22% tax on cryptocurrency profits from January 1, 2027, ending years of delays and political debate surrounding digital asset taxation.
South Korea confirmed plans to implement a 22% tax on cryptocurrency profits from January 1, 2027, ending years of delays and political debate surrounding digital asset taxation.
Solv Protoco said it will migrate more than $700 million in tokenised Bitcoin infrastructure from LayerZero to Chainlink CCIP following heightened concerns around cross-chain bridge security.
Block Inc. shares climbed nearly 8% in after-hours trading after the payments company delivered stronger-than-expected first-quarter earnings despite reporting its first quarterly loss in three years.
Polygon reduced its average block time to 1.75 seconds, marking the network’s first block-time reduction since launch as it accelerates its push into stablecoin payments and institutional settlement infrastructure.
Kalshi reached a $22 billion valuation after securing $1 billion in fresh funding, highlighting growing investor appetite for prediction markets and event-based trading platforms.
Strategy received support from Bitcoin advocate Samson Mow after company co-founder Michael Saylor suggested the firm may eventually sell portions of its Bitcoin holdings.
CoinShares said institutional investors are steadily increasing exposure to digital assets, with Bitcoin remaining the dominant allocation preference among professional fund managers.
Binance reportedly faced renewed pressure from the US Treasury Department over compliance obligations tied to the crypto exchange’s 2023 settlement with US authorities.
Coinbase vice president of US policy Kara Calvert said the CLARITY crypto market structure bill could move to a Senate Banking Committee markup as early as next week.
Crypto companies are increasingly pursuing US bank charters as the industry shifts toward regulated financial infrastructure and closer integration with the traditional banking system, executives said at Consensus Miami 2026.
Beijing faces mounting anxiety over the unresolved Iran conflict ahead of a critical Trump-Xi summit. Bloomberg's Rebecca Choong Wilkins reports on what's at stake and how the leaders may use their rapport to navigate geopolitical storms.
Payward agreed to acquire Hong Kong-based Reap Technologies for up to $600 million as the Kraken parent company expands deeper into stablecoin payments and business infrastructure services.