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Crypto

Why Binance, Telegram and others went to Kazakhstan as tech figures skirt regulation

Astana is drawing attention as a new base for global tech, with Binance, Telegram and Balaji Srinivasan expanding in Kazakhstan, Business Insider reported. Srinivasan opened a resident startup community and relaunched his Network School at the Astana Hub. Binance founder Changpeng Zhao visited and the firm signed three agreements with the government. Telegram opened its first local office and an AI institute. Kazakhstan has introduced new visas and pursued immigration reforms, amid mention of some figures’ regulatory troubles elsewhere.

Crypto

Billionaire Tim Draper calls Cardano accelerator a \'rare opportunity\'

Apex Growth Accelerator, a 10-week programme for startups in the Cardano ecosystem, is accepting applications until Sept. 1 local time. Selected companies can receive up to $70,000 in investment and access to a Silicon Valley investor and expert network. Billionaire investor Tim Draper promoted the programme on X, calling it a big opportunity for Cardano developers. The programme starts on Oct. 5 and is backed by the $80 million Orion Fund.

Crypto

Billionaire Tim Draper says bitcoin era is coming, maintains $250,000 forecast

Investor Tim Draper said bitcoin’s value against the U.S. dollar could rise to “infinity” over the long term as bitcoin payments spread and could drive fundamental change in the financial system. He said companies may move from accepting bitcoin to accepting only bitcoin, potentially triggering large-scale bank withdrawals. Draper also pointed to U.S. states with pro-crypto environments and reiterated his long-term forecast that bitcoin could reach $250,000, despite repeated deadline revisions.