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 […]
Japan Proposes Reducing Tax on Long-term Crypto Holdings
Japan plans to introduce a digital yen, or DCJPY, and overhaul its crypto tax laws in order to increase its influence in the digital economy. Japan is preparing to implement new taxes for businesses that own long-term cryptocurrency assets. This action is a component of a larger plan to put Japan in a competitive position […]
HK SFC Adds Two New Suspicious VATPs on Alert List
Hong Kong SFC warns of possible cryptocurrency fraud on BitCuped and HongKongDAO, advising investors to exercise caution when making virtual investments. Recently, the Hong Kong Securities and Futures Commission (SFC) alerted the public about possible fraud involving virtual assets. BitCuped and HongKongDAO are the two entities that are the focus of this notice. The SFC […]