CADD's launch could streamline crypto transactions in Canada, but its success hinges on maintaining peg stability and gaining wider regulatory acceptance.
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Increased scrutiny on crypto transactions may elevate compliance costs and operational challenges for banks, impacting global financial flows.
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Coinbase now lets users borrow up to $100K against SOL via Morpho on Base, turning Solana into its third major collateral pillar as the token eyes a retest of $200. Coinbase has expanded its on-chain crypto lending product to include Solana as…
The post Canada Revenue Agency refunds $148M to 30 US companies after scrapping digital services tax appeared on BitcoinEthereumNews.com.
Canada is handing back $148 million to 30 US-based companies after repealing the digital services tax (DST) that briefly made it one of the most aggressive jurisdictions for taxing Big Tech. The Canada Revenue Agency processed the refunds, plus $4 million in interest, by the end of April 2026. The DST, a 3% levy on digital services revenue from large technology firms, collected $647 million in total before it was suspended on June 30, 2025. Of the $647 million collected, $358 million was applied to cover other tax liabilities the companies already owed. That left $289 million earmarked for refunds. The DST targeted companies with global revenues of at least 750 million euros and Canadian digital revenue exceeding $20 million. US firms specifically contributed $148.2 million, representing about 23% of the total haul. The repeal received royal assent o
The repeal of Canada's digital services tax may ease US-Canada trade tensions, potentially influencing future international tax policies.
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The post Ink Finance and Renegade report exploits as hackers continue to raid DeFi appeared on BitcoinEthereumNews.com.
Two DeFi protocols, Ink Finance and Renegade, have lost a combined $349,000 in separate exploits that occurred in less than two days. Renegade, which raised around $3.4 million in a 2023 seed round led by Dragongly Capital, currently holds over $129,500 in total value locked across its Base and Arbitrum deployments, according to DefiLlama. The protocol held over $338,000 before the hack. Renegade’s TVL dropped sharply after the May exploit. Source: DeFiLlama. Ink Finance has not acknowledged or released any public statements on the exploit. The latest exploits are being seen as an extension of the streak of attacks that made April 2026 the worst month on record for smart contract losses. Ink Finance and Renegade suffer exploits Ink Finance’s exploit was flagged by blockchain security firm Blockaid on May 11. According to Blockaid, the attacker drained approximately $1
Centrifuge's integration with DeFi on Base, backed by Coinbase, could revolutionize asset tokenization, enhancing liquidity and multi-chain interoperability.
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Visa has expanded its stablecoin settlement pilot to nine blockchains after adding Arc, Base, Canton, Polygon and Tempo. The company says its onchain settlement volume is running at an annualized pace of about $7 billion, up roughly 50% quarter over quarter. Visa is widening its stablecoin settlement network, adding five more blockchains to a pilot [...]