Russian Co-founder of Crypto Exchange Bitzlato Pleads Guilty
Anatoly Legkodymov, a Russian co-founder of the cryptocurrency exchange Bitzlato, entered a guilty plea to accusations of money laundering. On December 6, 2023, the U.S. Department of Justice (DoJ) released a press statement stating that Legkodymov entered a guilty plea to running a money-transmitting company that “transported and transmitted” more than $700 million in unlawful […]
Flipkart to Launch Polygon CDK-Powered Chain to Scale FireDrops
Flipkart is launching a dedicated chain built with Polygon Chain Development Kit (CDK) to scale its FireDrops Web3 loyalty program. Polygon Labs revealed on Thursday that Flipkart, an Indian e-commerce business, intends to enhance FireDrops, its Web3.0 reward program, by integrating its Layer 2 chain, which is implemented via CDK. The announcement was made a […]
Circle Launches USDC, EURC Faucets to Boost Dev Engagement
Blockchain developers can now use a testnet token depot provided by Jeremy Allaire’s stablecoin operator to create web3 tools and solutions. The creator of USD Coin (USDC), the second-largest stablecoin in cryptocurrency, Circle, has launched a faucet for both its EURC coin and its US dollar-pegged token, to foster innovation across numerous decentralized networks. Developers […]
Block Inc. Launches Bitkey Self-custody Bitcoin Wallet
Block, a financial payment processor co-founded by Jack Dorsey, has introduced a Bitcoin wallet known as Bitkey with self-custody capabilities and availability in over 95 countries. In the December 7 announcement, developers referred to the wallet, dubbed “Bitkey,” as being accessible in more than 95 countries via hardware storage or mobile application. In the event […]
Deloitte Partners with Kilt Blockchain to Launch KYX for Shipping
Deloitte has collaborated with the Kilt blockchain to launch a novel logistics service called KYX, which combines Know Your Client and Know Your Cargo principles. Hapag-Lloyd, a shipping giant, is the first adopter of the system. Deloitte, a prominent division of the “Big Four” accounting firms, has teamed up with the Polkadot-based Kilt blockchain to […]