IRS Investigations List 4 Crypto Crimes on Top of Cases in 2023
For the year 2023, the “most prominent and high-profile investigations” of the United States Internal Revenue Service (IRS) criminal investigation unit have included four cases about cryptocurrencies in its top ten. The IRS unit announced on December 11 that four significant cases involving confiscating cryptocurrencies, fraudulent practices, money laundering, and other schemes occurred in 2023. […]
BNB Chain Unveils Greenfield Roadmap, Targets Mass Adoption
BNB Chain, the ecosystem that is said to have the biggest smart contract blockchain in the world, revealed the BNB Greenfield technological roadmap. Designed with web2 and web3 developers and users in mind, this roadmap promises improved development experiences, increased performance, and a broader multichain platform. According to a press statement, key improvements include a […]
Binance Quickens Delistings as Regulatory Pressure Intensifies
According to Kaiko, cryptocurrency exchange Binance increased its listing requirements after a 21% drop in the number of listed trade instruments in 2023. A recent report by Diving Into DEXs claims that Binance is now delisting companies more quickly after Changpeng Zhao, the company’s founder and former CEO, settled a $4.3 billion lawsuit with US […]
Synthetix to End SNX Token Inflation
The community members at derivatives protocol Synthetix have approved a governance proposal SIP-2043 to terminate SNX token inflation. With the next Andromeda software upgrade , new tactics like burns and buybacks of tokens are made possible by this most recent modification. Staker on Synthetix will no longer have to claim their weekly inflationary token incentives […]
Google Cloud to Validate Transactions on XPLA Crypto Gaming Network
As its first willing validator, Google Cloud has joined XPLA, a blockchain network created by the massively popular South Korean game company Com2uS. It is anticipated that this most recent partnership will make use of Google Cloud’s strong infrastructure to boost web3 game development and innovation. The formal implementation of this volunteer validator system is […]