Telo News - Crypto | DeFi | Web3

27 августа 2024 18:02

Donald Trump released the fourth drop of his NFT trading cards. The new collection will offer buyers a piece of Trump’s suit from his debate with President Joe Biden.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 17:38

TON Society launched an open letter mini app in Telegram, urging France to #FREEDUROV and allow Telegram to continue protecting the freedom of speech and personal data of its users.

Anyone who values privacy and freedom of speech is encouraged to sign this letter to the French authorities: /channel/tgresistancebot/letter

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Telo News - Crypto | DeFi | Web3

27 августа 2024 16:58

Vitalik Buterin shared on X that his annual salary is $138k (182k SGD).​

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Telo News - Crypto | DeFi | Web3

27 августа 2024 14:39

MakerDAO, one of the oldest and largest DeFi lenders with $7bn assets, has rebranded to Sky and introduced a new stablecoin, USDS, and a native governance token, SKY, aiming to enhance DeFi accessibility and user experience.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 11:57

Following Pavel Durov’s arrest, Telegram saw a surge in downloads, jumping to No.2 on the U.S. App Store’s Social Networking charts and boosting its global iOS downloads by 4% so far.

In France, where Durov was detained, the Telegram jumped to No.1 in the Social Networking category on the App Store and became the No.3 top app overall.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 11:15

Celsius' bankruptcy administrator has distributed over $2.5bn to approximately 251,000 creditors as part of the company’s bankruptcy proceedings. The distributions, made in liquid cryptocurrency and cash at January 16 prices, cover about two-thirds of eligible creditors by number and 93% by value.

However, 121,000 eligible creditors have yet to claim their distributions, with many owed small amounts, potentially reducing their incentive to act. The bankruptcy process, described as one of the most complex and ambitious ever attempted in a Chapter 11 case, aims to distribute over $3bn to around 375,000 creditors across 165 countries.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 10:53

“Crypto Adoption Index 2024,” created by Henley & Partners, ranked countries according to their tax and regulatory approach to crypto.

1st — 🇸🇬Singapore has supportive banking system, significant investment, comprehensive regulations such as the Payment Services Act, regulatory sandboxes, and alignment with global standards.

2nd — 🇭🇰Hong Kong has cultivated an environment that promotes the growth of the crypto industry through significant public interest, high business acceptance in the financial and tech sectors, and advanced digital infrastructure.

3rd — 🇦🇪UAE has substantial portion of the population owning crypto, matched by strong government support and a thriving start-up scene. This low-tax jurisdiction offers an attractive environment for crypto businesses, further bolstered by a highly digitalized and wealthy population.

4th — 🇺🇸US has 15% of its population owning crypto, supported by strong infrastructure, including a high density of crypto ATMs, crypto-friendly banks, and an increasing number of businesses accepting cryptocurrency.

5th — 🇬🇧UK has moderate public interest and growing bank integration, particularly among challenger banks. The country is highly digitalized, and virtually all citizens have banking access.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 07:14

The population of crypto millionaires worldwide surged by 95% over the past year, driven by the launch of crypto ETFs, Bitcoin hitting a new all-time high, and institutional capital entering crypto through BTC and ETH ETFs.

Currently, 172,300 individuals globally hold over $1m in crypto assets, up from 88,200 last year. The number of pure Bitcoin millionaires more than doubled to 85,400.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 05:45

India is investigating Telegram for alleged criminal activity, including extortion and gambling, with potential blocking pending the investigation's outcome.

The probe does not involve IT rule violations, as an official confirmed the platform is compliant.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 05:16

The UAE has requested consular access for Pavel Durov, with the Ministry of Foreign Affairs emphasizing that they want to prioritize the welfare of UAE citizens.

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Telo News - Crypto | DeFi | Web3

26 августа 2024 18:29

Valery Fadeev, head of Russia’s Human Rights Council, called for a secure Russian messenger after Pavel Durov’s arrest, citing the need to protect against foreign intelligence.​

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Telo News - Crypto | DeFi | Web3

26 августа 2024 17:59

Russia is set to begin trials for cryptocurrency exchanges and cross-border digital token payments on September 1, aiming to ease payment challenges caused by international sanctions. The trials will use the National Payment Card System for ruble-to-crypto swaps. This follows recent legislation legalizing crypto mining and establishing a framework for digital token testing, signed into law by President Putin in August.

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Telo News - Crypto | DeFi | Web3

26 августа 2024 16:00

Transactions on the TON network are breaking records as DOGS withdrawals spike.

TON reported processing 150k requests per minute, with plans for stress testing involving up to 10m simultaneous users.​

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Telo News - Crypto | DeFi | Web3

26 августа 2024 14:08

Tether CEO Paolo Ardoino expressed concerns over Pavel Durov’s arrest, stating that if society fails to defend free speech and communication, the future could lead to a new dark age.​

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Telo News - Crypto | DeFi | Web3

26 августа 2024 05:40

Telegram Founder Pavel Durov's recent arrest in France has sparked widespread global support, all united in their protection of free speech and digital rights.

Crypto Communities
⚫ TON updated Toncoin’s logo and profile picture to 'Resistance Dog,’ the symbol of Digital Resistance—a movement started by Durov to maintain Telegram users' privacy and protect free speech.
⚫ Memeland used its treasury fund to purchase $1m of TON to support Durov.
⚫ DWF Labs founder Andrei Grachev purchased $500k of TON on the open market.
⚫TRON's Justin Sun called for the creation of a #FreePavel DAO, pledging $1m in support.

Social Media Executives
⚫ X's Elon Musk posted clips of Durov discussing U.S. attempts to access Telegram and his admiration for X, while expressing support with "#FreePavel."
⚫ Rumble's Chris Pavlovski left Europe following Durov's arrest, publicly calling for his release, and is currently engaged in French legal battles over content moderation and free speech.

Free Speech Advocates
⚫ NSA whistleblower Edward Snowden expressed his support, saying it was an assault on basic human rights of speech and association.
⚫ Podcaster Lex Fridman said the arrest was a "disturbing attack on free speech," saying it not only threatened TG, but "any online platform."
⚫ Journalist Tucker Carlson pointed out how Durov left Russia when the government tried to control his social media company but in the end, it wasn't Putin who arrested him but a western country, a NATO country.

Politicians
⚫ Former U.S. presidential candidate Robert F. Kennedy Jr. said the need to protect free speech has never been more urgent.
⚫ Leader of Reform UK and MP for Clacton, Nigel Farage, said Durov's arrest was "worrying" and that all platforms have bad actors.
⚫ Leader of France's Les Patriotes party, Florian Philippot, said France offered "its tyranical face to the world," saying the arrest was an "attack on freedom of speech."

Communities are urging supporters to join the #DigitalResistance, #FreeDurov movement.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 17:59

Nasdaq is seeking the approval of U.S. regulators to launch options on a Bitcoin index to give institutions and traders a different way to hedge their exposure to Bitcoin.

The proposed Bitcoin Index Options would be based on the CME CF Bitcoin Real-Time Index developed by CF Benchmarks.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 17:20

The Nigerian SEC granted Quidax the first local crypto exchange license, marking a cautious move towards crypto acceptance. Quidax can now work with banks, but tensions remain, as seen in ongoing actions against Binance and the detention of a Binance executive.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 16:35

Russian Foreign Minister Sergey Lavrov stated that France detained Telegram’s Pavel Durov to access encryption codes, proving the app’s strong security.

Russia is seeking consular access, and Lavrov noted strained relations with France over free speech issues.​

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Telo News - Crypto | DeFi | Web3

27 августа 2024 13:49

Mark Zuckerberg expressed regret over Meta's decision to censor certain COVID-19 content on Facebook, stating that his company felt "repeatedly pressured" by the Biden administration.

Zuckerberg added, “I feel strongly that we should not compromise our content standards due to pressure from any administration in either direction.”

His letter sparked reactions from free-speech advocates and figures like Elon Musk, who called it “a step in the right direction.”

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Telo News - Crypto | DeFi | Web3

27 августа 2024 11:38

Ray Youssef, CEO of the Bitcoin P2P marketplace NoOnes, claimed that Binance has seized all funds from Palestinian users at the request of the Israel Defense Forces (IDF).

Binance responded, clarifying that only a small number of accounts linked to illegal activities have been restricted, and these users are banned from trading.

The seizures were made under Israel’s Anti-Terrorism Law, citing intelligence that the funds were connected to a declared terrorist organization.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 11:13

On Monday, while Telegram founder Pavel Durov was in French police custody, the French President Emmanuel Macron was shown as having been connected to Telegram “recently,” a former MP with the Macron’s number showed POLITICO on their phone.

Macron has been a Telegram user since the early days of his first presidential campaign. Nearly a decade later, the app remains widely used by both cabinet members and political officials of all ranks and parties, particularly within pro-Macron circles.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 07:26

Elon Musk and Vitalik Buterin endorsed California's SB 1047 AI safety bill, which mandates safety testing and prohibits the release of models found to have world-threatening capabilities/behaviors.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 06:15

The French prosecutor’s office issued a press release summarizing the ongoing case against Pavel Durov, with charges including complicity in fraud, possession of underage pornographic images, narcotics, and money laundering, as well as refusing government requests to intercept information and documents and providing cryptology services without certification.

The judicial investigation was opened on July 8, 2024 but was only enacted upon Durov’s arrival in France. Currently still in custody, the detainment can be extended up to August 28.

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Telo News - Crypto | DeFi | Web3

27 августа 2024 05:18

Bitcoin miner Rhodium has filed for Chapter 11 bankruptcy, with liabilities up to $100m and assets between $100m and $500m.

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Telo News - Crypto | DeFi | Web3

26 августа 2024 21:11

A federal judge has ruled that the SEC's lawsuit against Kraken will go to trial. The SEC alleges Kraken violated securities laws by not registering as a broker, exchange, or clearinghouse.

Kraken's motion to dismiss was denied, with the judge stating that while the cryptocurrencies are not securities, the transactions could be considered investment contracts.

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Telo News - Crypto | DeFi | Web3

26 августа 2024 18:13

A wave of cyberattacks has hit multiple French websites, including Doctolib and La Voix du Nord. According to cybersecurity expert Clément Domingo, these attacks are linked to pro-Russian hacker groups such as UserSec, RipperSec, Holy League, and Cyber Army Now. The attacks appear to be in response to the recent arrest of Telegram CEO Pavel Durov in France.

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Telo News - Crypto | DeFi | Web3

26 августа 2024 17:37

French President Macron responded to the recent events by stating that “France is deeply committed to freedom of expression and communication, to innovation, and to the spirit of entrepreneurship.”

He emphasized that the arrest of Pavel Durov on French soil occurred as part of an ongoing judicial investigation and is not a political decision. Macron added that it is up to the judges to rule on the matter.

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Telo News - Crypto | DeFi | Web3

26 августа 2024 14:35

Digital asset investment products saw strong inflows, driven by Bitcoin, following dovish comments from Jerome Powell:

⚫️Bitcoin led with $543m inflows after Powell hinted at rate cuts
⚫️Ethereum saw outflows, despite $3.1B inflows into new ETFs
⚫️US dominated inflows, while Germany saw minor outflows
⚫️Blockchain equities saw inflows for the third consecutive week

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Telo News - Crypto | DeFi | Web3

26 августа 2024 11:19

Pavel Durov is currently detained in Paris, France, for a preliminary investigation. Although he has not officially been charged, his detention is set for 96 hours, after which a judge must determine his status.

Here's more insight into the legality of his detention.

⚫ Garde à vue (Article 63 to 77)
French law allows detainment of 24 hours even without formal charges with possibility of extension for up to 144 hours.

⚫ Warrant of Arrest
Issued by the OFMIN under the National Directorate of the Judicial Police (DNPJ), under the umbrella of the French Ministry of Justice. The warrant is only valid if Durov sets foot in France.

⚫ Citizenship
Durov was gifted a French citizenship possibly under the "distinguished foreigner" process in 2021-2022, subjecting him to French law.

⚫ Moments Before the Arrest
The Telegram founder's jet flew from Baku, Azerbaijan, and landed at the French airport around 7:30-8:00 PM local time. Local reports say he knew he was wanted but chose to land anyway. Others suggest either French authorities directed his flight to land in its territory despite an attempt to fly south or that the jet lacked fuel to leave.

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Telo News - Crypto | DeFi | Web3

26 августа 2024 05:09

Telegram has officially addressed founder Pavel Durov’s detention in France with a statement saying that Telegram abides by EU laws, including the Digital Services Act.

Telegram highlighted, “It is absurd to claim that a platform or its owner is responsible for abuse of that platform.’ Durov, who frequently travels across Europe, has expressed transparency in Telegram’s operations."

French authorities are scheduled to issue a statement on the detention of Durov on Monday, August 26.

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