Is Crypto Becoming More Accessible at Checkout?
Natalia Elliot, Fintech Magazine
Crypto.com and Yuno’s partnership expands on global crypto acceptance using merchant checkout solution Crypto.com Pay
The lines between traditional and decentralised finance are blurring faster than ever. In a move toward mainstream adoption, Crypto.com is integrating with Yuno’s global payment network to embed Crypto.com Pay across more than 1,000 channels – enabling merchants to accept crypto as easily as cards and signalling DeFi’s deepening role in everyday finance…
Read moreCryptocurrency Trade Group Sues Illinois Over Digital Asset Tax
Michael J. Bologna, Bloomberg Tax
A major cryptocurrency trade group is asking an Illinois court to block the nation’s first state tax on digital asset transactions, describing it as discriminatory, unconstitutional, and prohibited under federal law.
The Digital Chamber filed a lawsuit Tuesday against the Illinois Department of Revenue over the state’s digital asset tax, which was added to an omnibus revenue bill in the final moments of the General Assembly’s spring legislative session and approved by Gov. J.B. Pritzker (D) June 16. The new tax imposes a 0.2% levy on cryptocurrency users for the “privilege of receiving any digital asset business activity” in the…
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Fears of AI-driven DeFi Hack Epidemic Overstated for Now — But Not for Long
Christina Comben, CoinTelegraph
Are the fears of an AI driven hacking epidemic totally overblown, or is this just the lull before the storm?
A wave of high profile crypto hacks in April that many suspected had been orchestrated using sophisticated AI tools to identify smart contract exploits, led to fears that every DeFi protocol was suddenly at risk. In May, Manuel Aráoz, founder of the blockchain security platform OpenZeppelin, declared “all of DeFi unsafe” following $630 million in crypto losses from exploits in April…
Read moreOPINION: Clarity Act Gives Law Enforcement the Tools It Needs for Decentralized Finance
Austin Knudsen, the Hill
Last month, a major U.S.-based digital asset company’s compliance team discovered that more than $200 million in stablecoins were en route to North Korea.
They had eight hours and the technical ability to freeze the transaction, yet reportedly did nothing. Why? Because America’s current laws left them exposed to company-killing levels of civil litigation if their judgement proved wrong. I have watched this scenario play out before. The industry wanted to help out. The will was there, but the legal cover was not…
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