Telo News - Crypto | DeFi | Web3

05 сентября 2024 22:31

The UK’s Financial Conduct Authority (FCA) reported that 87% of crypto registration applications in the year ending March 31, 2024, failed to meet approval standards.

Of the 35 applications, only four received approval, including Binance's payments partner BNXA, a PayPal UK unit, and Komainu, a crypto custody joint venture of Nomura.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

05 сентября 2024 19:35

Donald Trump unveiled a slate of new economic plans, including the creation of a government efficiency commission that he said Elon Musk has agreed to lead if the former president is elected in November. Musk's role would involve conducting a comprehensive financial and performance audit of the federal government, as well as making recommendations for significant reforms.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

05 сентября 2024 16:17

Vladimir Putin stated that Russia has no issues with Pavel Durov. He added:

⚫ "I met with him once at the Kremlin, 'I don't even remember when, many years ago,' he talked about his business plans. Since then, we haven't seen each other and had no contact."
⚫ "I thought Durov was living in Moscow."
⚫ "After all, all similar platforms are guilty of such violations, so if they are acting this way with Durov, then perhaps others should be shut down as well."
⚫ "The actions of the French authorities are unclear to me, as they seem selective."

Telo News - Crypto | DeFi | Web3

05 сентября 2024 15:48

Global travel marketplace Skyscanner has integrated with crypto-native travel platform Travala to offer hotel bookings in over 100 cryptocurrencies. Travala will become accessible to Skyscanner’s over 110m monthly users and 2.2m hotels.

▪️ Telegram ▪️ X
▪️ Community ▪️ Source

Telo News - Crypto | DeFi | Web3

05 сентября 2024 08:24

Robinhood agreed to pay $3.9m to settle a DOJ investigation covering practices from 2018 to 2022 for restricting crypto withdrawals and violating state commodity laws. The settlement requires continued withdrawals and updated custody disclosures.

▪️ Telegram ▪️ X
▪️ Community ▪️ Source

Telo News - Crypto | DeFi | Web3

05 сентября 2024 07:14

The U.S. Federal Reserve issued a cease and desist order to United Texas Bank, a crypto-friendly institution previously associated with Stellar and Circle, citing "significant deficiencies" in its adherence to AML-related laws, rules, and regulations for crypto-related customers.

▪️ Telegram ▪️ X
▪️ Community ▪️ Source

Telo News - Crypto | DeFi | Web3

04 сентября 2024 21:50

New York Attorney General Letitia James has subpoenaed VC firms Andreessen Horowitz (a16z) and Union Square Ventures over their investments in Uniswap.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

04 сентября 2024 16:19

Zürcher Kantonalbank (ZKB), the fourth-largest bank in Switzerland and ranked as the world’s second safest, has launched a cryptocurrency service for its retail clients and third-party banks.

Customers can now trade Bitcoin and Ether via the bank's app and online banking platforms.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

04 сентября 2024 15:51

Binance has hired U.K.-based accounting firm Grant Thornton to advise on accounting and tax matters. This move comes after Binance’s previous auditor, Mazars, paused work on proof-of-reserves reports in December 2022 due to concerns over their public interpretation.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

04 сентября 2024 10:37

Samsung Next, the investment arm of Samsung, has announced its investment in Startale Labs, a company that has partnered with Sony to co-develop Sony's blockchain platform, Soneium. Startale Labs offers tool services for Astar Network, Soneium, and Startale Cloud Services.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

04 сентября 2024 10:12

Former Mt. Gox CEO Mark Karpeles is set to launch his new cryptocurrency exchange in Europe this month, with a focus on transparency and user-friendliness.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

03 сентября 2024 23:49

The U.S. Justice Department sent subpoenas to Nvidia and other companies, seeking evidence that the chipmaker violated antitrust laws. The DOJ is reportedly now sending legally binding requests that oblige recipients to provide information, taking a step closer to launching a formal complaint.

The investigation is focusing on whether Nvidia is making it harder to switch to other suppliers and penalizes buyers that don’t exclusively use its AI chips.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

03 сентября 2024 18:00

Donald Trump is reportedly considering Elon Musk for a role in auditing U.S. agencies that would help the government identify thousands of programs to cut if he wins the election in November.

Elon Musk responded to the news, saying, 'I can't wait. There is a lot of waste and needless regulation in government that needs to go.’

▪️ Telegram ▪️ X
▪️ Community ▪️ Source

Telo News - Crypto | DeFi | Web3

02 сентября 2024 18:26

The Japanese Financial Services Agency has issued tax reform requirements for fiscal year 2025, addressing the tax treatment of virtual currency transactions for the first time. Many investors are advocating for a change in the current maximum tax rate of 55% on cryptocurrencies to a unified single tax rate of 20%.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

02 сентября 2024 10:14

Coinbase's CLO, Paul Grewal, criticized the SEC for its recent warning against FTX repaying creditors in stablecoins and other crypto.

Although the SEC stated it was "not opining as to the legality" of such actions, it reserved the right to "challenge any transactions involving crypto assets."

▪️ Telegram ▪️ X
▪️ Community ▪️ Source

Telo News - Crypto | DeFi | Web3

05 сентября 2024 22:04

Brazil’s Central Bank (BCB) has chosen 13 participants, including Visa and Santander, for the second phase of its central bank digital currency (CBDC) pilot, known as Real Digital.

Visa, alongside XP and Nubank, will focus on optimizing the foreign exchange market, while Santander will work on projects related to automobile operations and decarbonization.

The third phase of the pilot is expected to begin in late 2024, testing smart contracts by mid-2025.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

05 сентября 2024 16:31

The number of Google searches for the word "Bitcoin" has reached its lowest level since August 2023.

According to Google’s data, the highest interest in Bitcoin is observed in:

🇸🇻 El Salvador
🇳🇬 Nigeria
🇦🇹 Austria
🇳🇱 Netherlands
🇸🇮 Slovenia

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

05 сентября 2024 15:52

Mastercard has partnered with Mercuryo to introduce a euro-denominated crypto debit card. It will allow users to spend cryptocurrencies like Bitcoin directly from self-custodial wallets at over 100m merchants in the Mastercard network.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

05 сентября 2024 11:00

A Nvidia spokesperson clarified that they spoke with the U.S. DOJ and haven't been subpoenaed.

Nvidia saw its valuation drop by as much as $360bn in a single day, though a slight recovery reduced the total loss to nearly $280bn, following news of the subpoena.

▪️ Telegram ▪️ X
▪️ Community ▪️ Source

Telo News - Crypto | DeFi | Web3

05 сентября 2024 08:04

VariantFund's CLO, Jake Chervinsky, explained that the fiscal year for regulators like the SEC and CFTC ends on September 30, leading to a surge in enforcement actions to improve performance reports and justify budget requests to Congress.

Chervinsky noted that settlements, like the Galois and Uniswap cases, are as common as adversarial actions. These cases are typically resolved quickly, involve small monetary penalties, and still allow regulators to claim success.

▪️ Telegram ▪️ X
▪️ Community ▪️ Source

Telo News - Crypto | DeFi | Web3

05 сентября 2024 07:13

Elon Musk's X won its lawsuit against California's AG after the Ninth Circuit ruled that the law requiring large social media companies to report content-moderation policies to the AG likely violates the First Amendment.

▪️ Telegram ▪️ X
▪️ Community ▪️ Source

Telo News - Crypto | DeFi | Web3

04 сентября 2024 18:27

The CFTC issued an order against Uniswap Labs for offering illegal leveraged or margined digital asset transactions, in violation of the Commodity Exchange Act (CEA).

Uniswap Labs allowed users to trade digital assets, including leveraged tokens, through its Ethereum-based protocol without proper CFTC registration.

The company must pay a $175,000 penalty and cease further violations. The CFTC acknowledged Uniswap’s cooperation, which contributed to a reduced penalty.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

04 сентября 2024 16:07

The Nigerian court has postponed the decision on bail application of the detained Binance executive Tigran Gambaryan to October 9.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

04 сентября 2024 10:43

Bank of Japan (BOJ) Governor Kazuo Ueda reaffirmed that the central bank will raise interest rates if the economy and inflation perform as expected, bolstering gains in the yen against the dollar.

The BOJ's plan to tighten monetary policy poses a challenge for risk assets, including cryptocurrencies, because the U.S. Federal Reserve is likely to start cutting rates in September and other central banks are expected to do the same in the months ahead.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

04 сентября 2024 10:23

According to the data, Bitcoin ETF funds saw a record capital outflow of $287.7m yesterday, marking the largest since May 1st.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

04 сентября 2024 09:59

Multiple markets experienced sharp, simultaneous crashes, leading to widespread declines and significant losses.

⚫ Bitcoin dropped to around $55,000, triggering close to $100m in liquidations (primarily in long positions) in just an hour
⚫ Crypto Market dropped to $2.07bn after a 5.5% decline
⚫ Japan's Nikkei 225 plunged by almost 4% in the first half of the day.
⚫ Oil prices hit their 2024 low, erasing all gains and nearing December 2023 levels.
⚫ Magnificent 7 (Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla) collectively lost around $550bn in market cap, close to their crash in April. Nvidia alone lost over $360bn in market cap, the largest single-day loss ever recorded.

The drop happened amid multiple factors, including the following:

⚫ U.S. DOJ subpoenaed Nvidia and other companies.
⚫ Turkey, a key transit hub for oil transportation from the Middle East, Central Asia, and Russia to Europe and other markets, applied to join BRICS+.
⚫ Bitcoin miners have continuously been selling, while some have even recently filed for bankruptcy.
⚫ Bitcoin exchange reserves remain low since late August.

▪️ Telegram ▪️ X ▪️ Community

Telo News - Crypto | DeFi | Web3

03 сентября 2024 18:09

The SEC charged Galois Capital, a crypto-focused advisory firm, for breaching custody rules and misleading investors on redemption notices.

They held crypto assets in unqualified custodian accounts, resulting in significant losses during the FTX collapse, losing about half of their assets from early to mid-November 2022. Galois Capital settled by paying a $225,000 civil penalty and agreeing to comply with SEC orders to prevent future violations of the Investment Advisers Act.

▪️ Telegram ▪️ X
▪️ Community ▪️ Source

Telo News - Crypto | DeFi | Web3

03 сентября 2024 17:53

Tigran Gambaryan, the Binance executive who has been detained in Nigeria since February, limped into a Nigerian courtroom, dragging his left leg behind him, after prison authorities denied his request for a wheelchair.

In the video, a distressed Gambaryan pleaded with a prison guard escorting him into the courtroom for help walking, but the guard refused to assist him.

His lawyers filed a new application for bail on medical grounds, urging the judge to release him so he can receive medical care for conditions he has developed in prison. His previous bail application was denied in May.

▪️ Telegram ▪️ X
▪️ Community ▪️ Source

Telo News - Crypto | DeFi | Web3

02 сентября 2024 13:16

The Crypto Fear & Greed Index dropped from 55 last week to 26 as Bitcoin fell to $57k levels.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

01 сентября 2024 23:00

✔ This week's crypto market highlights:

⚫India investigates Telegram
⚫Celsius distributes $2.5bn to creditors
⚫Pavel Durov's full history in France before arrest
⚫OpenSea receives Wells Notice
⚫Pavel Durov released from custody
⚫Apple might invest in OpenAI
⚫Kamala Haris proposes $5tn tax increase
⚫Telegram's financial statements revealed
⚫Brazil bans X

▪ Telegram ▪ X  ▪ Community