Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Banking news
- Mastercard will on Tuesday debut a new piece of software, called Crypto Secure, which helps banks identify and cut off transactions from fraud-prone crypto exchanges, CNBC reported. The system relies on data from the blockchain, as well as, other sources, and it is powered by CipherTrace, a blockchain security startup Mastercard acquired last year.
Adoption news
- Plan ₿ Foundation, a joint initiative between the Swiss City of Lugano and USDT stablecoin issuer Tether announced today a collaboration with GoCrypto to officially bring bitcoin (BTC), tether (USDT), and LVGA payments to the city of Lugano. As of today, GoCrypto payments will be available at nearly a dozen merchants throughout the city, including McDonalds, art galleries, and more.
Regulation news
- The European Parliament voted to use blockchain technology to modernize taxation. Per the press release, the adopted resolution “sets out a framework through which both goals of using blockchain in taxation and uniformly taxing crypto assets can be achieved.”
- The US Commodity Futures Trading Commission (CFTC) can serve a decentralized autonomous organization (DAO) through a website help bot and forum post; therefore, Ooki DAO was appropriately served, a federal court ruled on Monday. Per the document, “the Court orders that service of process on the Ooki DAO may be made in this action by providing a copy of the summons and complaint through the Ooki DAO’s Help Chat Box, with contemporaneous notice by posting in the Ooki DAO’s Online Forum.“ The DAO is given three weeks to respond.
