Praxis gets $525M for utopic crypto, AI-friendly city
Praxis, a self-described internet-native alliance, said it received $525 million in funding to build a lesser-regulated tech-friendly city.
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Regulators are coming for crypto: Is digital identity the answer?
The regulators are closing in. It’s one thing to unbundle market functions to their parts ― custody, aggregators and Prime Brokerage ― to satisfy institutional compliance departments. It’s another to keep regulators happy.From the Financial Action Task Force pushing forward with its guidance for Travel Rule compliance to the still-evolving European Markets in Crypto-Assets regulatory…

Creditors for bankrupt Voyager Digital billed $5.1M in legal fees
Voyager is not the only crypto firm incurring hefty legal fees; FTX, for example, has been billed over $120 million in fees. New York-based law firm McDermott Will & Emery filed for compensation of $5.1 million from the creditors of bankrupt crypto brokerage firm Voyager Digital. The bill is for legal services offered between March…

China Could Roll Out Its CBDC Without Anyone Realizing
Ledger’s Glen Woo believes that China’s central bank digital currency could be deployed using existing payment rails without citizens noticing the change. 1896 Total views 35 Total shares China has emerged as the world’s leader in central bank digital currency, or CBDC, development, driving speculation surrounding the country’s domestic and international ambitions for its CBDC.Speaking…

Game studios quietly integrate blockchain without the buzzword
Cointelegraph was on the ground during the second edition of the Madeira Blockchain 2023, held between Nov. 30 and Dec. 1. The event explored regional Web3 developments, as well as how the Portuguese islands are looking for startups and tech talent to grow their economy in the digital age.During a roundtable discussion at the conference

‘Single Window’ Crypto Exchange ShortHop Launches in 7 US States
Cryptocurrency exchange and brokerage ShortHop is now operating in seven additional U.S. states allowing its users to work with multiple trading platforms’ order books via a single window.As industry news outlet Coindesk reported on Aug. 26, ShortHop is now open in Indiana, Massachusetts, Nevada, New Jersey, Rhode Island, Arizona and Montana. Previously, the Delaware-based service…

Bitcoin price uptrend 'intact' with hodlers 120% in profit — Research
Bitcoin hodlers face "boredom and apathy" but are not engaging in mass distribution — even as the BTC price dip erodes unrealized profits.

Monthly NFT sales fall below $400M, marking yearly low
NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million—the lowest this year.

Japan’s Retail Giant Rakuten Officially Launches Crypto Exchange
Japanese cryptocurrency exchange Rakuten Wallet has launched trading a year after acquiring Everybody’s Bitcoin.Three trading pairs go liveConfirmed in a press release on Aug. 19, Rakuten Wallet, which is a subsidiary of Japanese e-commerce giant Rakuten, said spot trading of three cryptocurrencies — Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH) — was now live. In…