Author: NBTC

South Korea’s National Tax Service is building an AI system that tracks crypto transactions and catches tax evaders. The agency kicked off the project on May 8 at the Seoul Regional Tax Office. The budget for the new AI system is ~$2.2 million, and the finish date is by the end of 2026. The system will pull crypto transaction records from exchanges and blockchain data, then flag transactions like money laundering, unreported gifts, and offshore tax evasion. New crypto investor growth dropped off a cliff South Korea now has +11 million verified crypto investors, per a Financial Services Commission (FSC)…

Tetra Trust Company, a Canadian digital technology and financial services provider, launched CADD, a Canadian-dollar stablecoin approved by Alberta Treasury Board and Finance. The company said it’s the first CAD-pegged stablecoin issued by a regulated financial institution in Canada. Reserves are held in trust under Canadian law and dedicated to redemption, according to the firm. The token is live on major blockchains, including Base, Ethereum and Tempo, with Solana support planned. The Calgary, Alberta-based Tetra raised $10 million for the project in September 2025, with backing from Shopify, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank of Canada and Urbana…

US President Donald Trump says no one can imitate real Gold, highlighting the precious metal’s rarity despite a war-driven decline in value. Trump made the statement during the latest cabinet meeting while discussing plans to get his face stamped on a 24-karat coin to commemorate the country’s 250th anniversary. “I’m a gold person, it’s all real stuff,” said the President. Gold Drops Amid War-Driven Volatility In a monologue, Trump added an element of humor while speaking about the precious metal’s rarity and whether it could be imitated. He said, “Someday they’ll discover a paint that will look like gold, and…

The ITIF says American companies should keep operating in the Chinese market to capture $441 billion in annual revenues. Meanwhile, the CSIS wants to use intelligence tools and real-time data to counter Beijing’s influence worldwide. Two Washington think tanks released reports this week with different takes on competing with China. The two approaches could work together, with the United States staying in China’s market while challenging Chinese power elsewhere. The Information Technology and Innovation Foundation published its findings on May 4. The research shows US affiliates made over $640 billion in revenue from China in 2023. About 70 percent of…

With just a few days remaining until the crucial SEC deadline on March 27, the landscape of digital assets in the United States is poised for a turning point. With just a few days left until the crucial SEC deadline on March 27, the landscape of digital assets in the United States is gearing up for a historic shift.Cronos ($CRO), the native token of the Crypto.com ecosystem, is currently at the center of a transformation that could redefine the relationship between cryptocurrencies, federal regulation, and institutional finance.While geopolitical volatility keeps tensions high among retail investors, major Wall Street players are…

White House adviser Patrick Witt said it’s possible the Clarity Act becomes law by July 4 while Senator Kirsten Gillibrand pushed for an ethics provision in the market structure bill. Consensus Miami 2026 wrapped up with a fiery debate on the role of prediction markets, and a lot otherwise happened at our first conference in the Sunshine State. CoinDesk also released the results of a survey it commissioned of 1,000 registered voters on their views toward crypto heading into the 2026 election. PS: I’ll be at the Bermuda Digital Finance Forum next week. Let’s catch up if you’re there. You’re…

The supply of $XRP on Binance and Upbit cryptocurrency exchanges has continued to increase, signaling low bullish conviction among traders. Over the past 24 hours, $XRP investors deposited 53,658 tokens to Upbit, valued at $74,584 at press time. On the other hand, Binance users deposited 491,183 units, which is worth roughly $682,744 at the time of reporting. $XRP supply change on Binance and Upbit. Source: @Chachakobe4er ​As such, Upbit’s net holdings surged by 509,458,973 tokens, worth approximately $708 million, since February 2025. This increase means Upbit now holds 6,495,312,375 $XRP, representing 40.25% of all tokens held by crypto exchanges. Since…

A US official has confirmed that the rare earths trade agreement struck with China last November is still in force. The agreement, formalized in November 2025 amid escalating trade tensions, was designed to last one year. Under its terms, China agreed to suspend new export controls on rare earth minerals and grant general export licenses. In exchange, the US committed to reducing tariffs on Chinese goods by 10%. The numbers tell a complicated story As of March 2026, China’s rare earth magnet exports rose 8.2% year-over-year on a global basis. But shipments specifically destined for the US actually decreased over…

Bitcoin ETFs snapped a four-week inflow streak, with over $296.18 million in outflows recorded over the last week. According to data from SoSoValue, spot Bitcoin ETFs posted $296.18 million in net outflows after four weeks of inflows, during which more than $2.2 billion had been recorded. Inflows gradually began slowing, with $787.31 million, $568.45 million and $767.33 million during the first three weeks of March, and subsequently dropping to $95.18 million in the prior week. Outflows were led by BlackRock’s IBIT alongside other major funds. On Friday, more than $225.5 million of total U.S. spot Bitcoin ETF outflows came from…

David Sacks, former White House AI & Crypto Czar, recently stated that AI has become a core driver of economic growth in the United States. His opinion is that stopping progress with AI would be akin to bringing the U.S. economy to a screeching halt. This Sunday, David Sacks posted on X to state his opinion on a recent report issued by Morgan Stanley. This report focused on investment forecasts for the top five hyperscalers in the U.S. (Amazon, Alphabet, Meta, Microsoft, and Oracle) for this year and next. It raised combined capex forecasts from $805 billion USD in 2026…