The Daily Hold News·
A city employee has fallen for a phone scam impersonating a bank representative, resulting in nearly $1.1 million being stolen from municipal bank accounts through unauthorized transfers. The incident occurred when the employee disclosed sensitive account information during the call, reports NBC Chicago. City officials say they became aware of the fraudulent payments shortly after […] The post City in Illinois Loses Over $1,000,000 After Government Employee Falls for Bank Impersonation Scam appeared first on The Daily Hodl.
Read full articleEffective July 1, Illinois expanded its definition of cyber bullying to include AI-generated deepfakes, forcing districts across the state to update their policies and procedures concerning uses for AI.
CFTC Chair Michael Selig criticizes Illinois’ 0.2% crypto transfer tax, saying it treats blockchain transactions differently. CFTC Chairman Michael Selig criticized Illinois’ new crypto tax law after lawmakers approved a 0.2% levy on blockchain transfers. Selig called the measure a “sin tax” on blockchain technology and questioned its treatment of crypto transactions. He said the […] The post CFTC Chair Warns Illinois Crypto Tax Could Be Chicago’s ‘Last Trade’ appeared first on Live Bitcoin News.
CFTC Chair Michael Selig criticized Illinois’ 0.2% crypto tax, saying it could hurt innovation as federal rule talks continue.
Illinois' crypto tax may stifle innovation, drive businesses away, and highlight tensions between state and federal crypto regulations. The post CFTC Chair Selig criticizes Illinois’ 0.2% crypto transaction tax as a brake on innovation appeared first on Crypto Briefing.
In lieu of formalized statewide regulations, a growing number of cities and counties in Illinois are starting to tell data centers to come back later or adhere to new regulations.
An Illinois resident has lost $5,000 after a spoof call led her to send money via Zelle under the guise of securing her bank account. Susie Allgood says she received a call from someone claiming to be from Zelle who works with Huntington Bank. The caller had her bank’s routing number and said she needed […] The post Illinois Resident Loses $5,000 in Zelle Bank Scam: Report appeared first on The Daily Hodl.
Kalshi has filed a federal lawsuit challenging a new Illinois law that would require prediction market platforms offering sports event contracts to obtain state licenses before operating. According to a filing submitted Tuesday in the U.S. District Court for the…
Illinois is set to institute a new tax on prediction markets next week that would take 15% of gross receipts from sports-related wagers.
