Praxis Secures $525M for Utopian AI Crypto City
Praxis, a project to build a low-regulation city for AI and cryptocurrency leaders, has secured $525 million, mostly from GEM Digital. A project that aims to build a city with fewer laws for leaders in the fields of artificial intelligence and cryptocurrency has reportedly secured a fundraising pledge of $525 million. On October 15, Praxis, […]
UK Identifies TikTok as Unregulated Crypto Platform
TikTok is under UK scrutiny for allegedly acting as an unregistered bitcoin exchange, based on concerns from a former compliance consultant. TikTok has faced criticism for potentially operating as an unregistered bitcoin exchange in the United Kingdom, prompting an increase in monitoring. The United States Attorney’s Office made the charges public after receiving a letter […]
Revolut Prevents $14M in Fraudulent Crypto Transfers
Revolut claims to have stopped possible cryptocurrency fraud worth close to $13.5 million in the last three months. According to a press release, the fintech firm Revolut stopped $13.5 million in possibly fraudulent cryptocurrency transfers. Neobank, a financial company based in London, introduced “Revolut X,” a cryptocurrency exchange, early this year. Since then, it has […]
Binance Secures License in Kazakhstan
Binance Kazakhstan has received a full license from the Astana Financial Services Authority to operate as a Digital Asset Trading Facility, becoming the first in the region to do so. The Astana Financial Services Authority (AFSA) has granted Binance Kazakhstan a complete license to operate as a Digital Asset Trading Facility (DATF). With this license, […]
Bithumb Crypto Exchange Plans US Nasdaq Listing
Bithumb, South Korea’s second-largest cryptocurrency exchange, has announced its plans to list on the Nasdaq in the U.S. The cryptocurrency exchange Bithumb, which is the second largest in South Korea, has made an official announcement regarding its intentions to seek listing on the Nasdaq in the United States. The company’s shareholders held a temporary meeting […]