Polygon CDK to power Web3 loyalty program for Indian e-commerce Flipkart
India’s homegrown e-commerce giant Flipkart will use Polygonâs chain development kit (CDK) to launch a Web3 loyalty program. On Dec. 2, Polygon and Flipkart announced a strategic partnership to effectively position the e-commerce platform into Web3 and the metaverse. This included initiatives such as Flipverse for nonfungible tokens (NFTs), eDAO for metaverse and the FireDrops […]
Meta to fight AI-generated fake news with âinvisible watermarksâ
Social media giant Meta (formerly Facebook) will include an invisible watermark in all images it creates using artificial intelligence (AI) as it steps up measures to prevent misuse of the technology. In a Dec. 6 report detailing updates for Meta AI â Metaâs virtual assistant â the company revealed it will soon add invisible watermarking […]
Kraken co-founder hails âmore fairâ playing field as DOJ fines Binance
Kraken co-founder Jesse Powell has welcomed the result of the Binance investigation in an X (formerly Twitter) post and has highlighted the need for long-term-oriented visionaries and shareholders. Over the last 12 months, leaders of major crypto exchanges, such as FTX and Binance, have come under federal scrutiny by United States government agencies for allegations […]
Kronos Research halts trading amid $25M API key hack investigation
A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys. On Nov. 19, Kronos Research revealed that an unauthorized entity accessed some of its API keys. Subsequently, the firm stopped its trading services on the platform. However, no losses were reported at the time. In the interest […]
South Korean telco to launch Web3 wallet with Aptos and Atomrigs Lab
South Korean telecom giant SK Telecom (SKT) announced plans to launch a Web3 wallet service, T wallet, in partnership with layer 1 mainnet Aptos Labs and Atomrigs Lab. SK Telecomâs vision to launch a blockchain wallet for cryptocurrencies and nonfungible tokens (NFTs) dates back to July 2022. The initiative at the time kicked off with […]
5 nations challenge crypto experts and investigators to target tax crimes
The Joint Chiefs of Global Tax Enforcement (J5), a global anti-tax fraud group, hosted investigators, cryptocurrency experts and data scientists in âThe Cyber Challengeâ event to track down individuals and organizations committing tax fraud. The J5 members comprise the criminal intelligence communities from Australia, Canada, the Netherlands, the United Kingdom and the United States, which […]