Did Regulation Indirectly Create FRAX, Nifty Gateway, and TornadoCash?
If you were to sit down and really think, it's almost as if regulatory scrutiny and the tribulations that they have faced has shaped the industry in some sense.

Archaeologists have discovered 303 new geoglyphs in the Nazca Lines of Peru using artificial intelligence, significantly enhancing the understanding of these ancient markings. This breakthrough highlights the potential of technology in archaeology, revealing new insights into the Nazca civilization and its mysterious creations.
Ahead of the 26 September HMSTR token launch, Hamster Kombat announced plans for NFTs, new games, and less reliance on Telegram. By 2025, it aims to launch an NFT marketplace, host a clan championship, and start the second phase of its airdrop.
Payments giant PayPal now allows US merchants, except New York, to buy, hold, and sell crypto via their business accounts. This move expands PayPal's crypto accessibility, offering enhanced financial tools to millions of businesses.
South Korea is launching the Digital Asset User Protection Foundation to help users recover funds trapped in failed cryptocurrency exchanges, which have seen ten out of 22 platforms shut down. The foundation, expected to start operations in October, will coordinate with defunct exchanges to securely manage and return users' assets.
OpenAI is transitioning to a for-profit benefit corporation. Reports suggest that Sam Altman could receive a 7% equity stake, potentially valued at $10.5 billion. This prompts an important question: why are so many key insiders departing?
A Singapore court granted WazirX a four-month conditional moratorium after its July hack, which led to a $234 million loss. The exchange initially requested six months but received a shorter relief period under specific conditions to address its financial situation.
Meta is revamping its metaverse avatars with a major update launching on October 1st, allowing users to customize features like eye size and body types. Future updates will include AI-generated avatars and new options for fantasy characters, enhancing user experience in the metaverse.
A scam targeting cryptocurrency investors in Hong Kong has led to losses of HK$14.8 million, with victims tricked into making transactions at fake exchange shops. One businessman lost HK$4 million after realizing he was locked inside a shop while scammers escaped with his money.
China announced a "policy bazooka" on Tuesday, introducing measures to boost its economy, including cuts to mortgage rates, the reserve requirement ratio, and new stock market support tools. The key question: will this stimulus boost crypto or push interest towards cheaper fiat currencies?
LINE NEXT has launched “Super Mates,” an app that allows fans to interact with AI-driven avatars of their favorite artists in English, Korean, or Japanese. To celebrate, they’ve partnered with K-pop group aespa, offering exclusive rewards and merchandise while inviting users to engage in various activities until October 2024.