Payward buys Reap for $600M to expand stablecoin payment services in Homg Kong

Kraken parent Payward has agreed to acquire Hong Kong-based Reap Technologies for up to $600 million, adding card issuance and cross-border stablecoin payment infrastructure to its expanding business services platform. Summary Payward agreed to acquire Hong Kong-based Reap Technologies for up to $600 million. Reap’s payment infrastructure will be integrated into Payward Services to support…

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BSP Issues Warning Anew Against Unauthorized Crypto Service Providers

The Bangko Sentral ng Pilipinas (BSP) issued a public advisory on May 8, 2026, warning the public against transacting with unauthorized virtual asset service providers (VASPs). The central bank noted that engaging with unlicensed platforms poses significant risks to financial consumers.   According to the advisory sent to media publications including BitPinas, VASPs are entities that…

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Coinbase Exchange Experiences “Degraded Performance” for Over Two Hours After AWS Outage

Key Takeaways Coinbase’s exchange suffered a 2+ hour outage on May 8, due to an AWS infrastructure failure. Some Coinbase users could not trade or faced degraded performance during the AWS disruption. Coinbase confirmed it is investigating the issue; no resolution timeline has been shared publicly. Major Disruption Affects Withdrawals, Trades Coinbase, one of the…

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Ripple’s XRPL Linked to Interbank System in Major Pilot With JPMorgan, Mastercard, Ondo

The pilot linked XRPL to global banking infrastructure, enabling institutions to execute cross-border transactions in a single, integrated flow. Blockchain settlement rails are increasingly becoming intertwined with the global financial system. A group of firms recently achieved a feat that could introduce 24/7 settlements for traditional financial markets. According to a tweet, the tokenization…

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Mason Lynaugh lays out crypto midterm plan

Mason Lynaugh, executive director of Stand With Crypto, took the Consensus Miami 2026 stage on Thursday to outline how the group’s 2.7 million advocates will engage in the November midterms. Summary Stand With Crypto’s Mason Lynaugh joined Fellowship PAC’s Jesse Spiro and Sternhell Group’s Alex Sternhell at the Consensus Miami 2026 Policy Summit to discuss…

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