Telo News - Crypto | DeFi | Web3

11 сентября 2024 15:34

India continues to lead the world in cryptocurrency adoption, according to Chainalysis. Despite a ban on offshore exchanges like Binance and Kraken, Indian users have maintained high crypto activity, accounting for 40% of the usage on those platforms as of April 2024.

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11 сентября 2024 13:21

A solo Bitcoin miner achieved a rare win by successfully solving block 860749, earning a reward of approximately $180,000. The block, mined on September 10th, contained nearly 6,000 transactions and resulted in 3.169 Bitcoin being awarded to the miner.

Solo miners solving blocks is extremely rare, with only 290 blocks solved by individual miners out of the 859,000 blocks produced since Bitcoin’s launch in 2009.

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11 сентября 2024 10:08

Australia plans to ban social media for children under 14 to 16, pending a trial before proposing an official law. Companies like Meta already impose a minimum age of 13 for platforms like Facebook and Instagram, but the law could come with actual penalties for underaged access.

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Telo News - Crypto | DeFi | Web3

11 сентября 2024 05:43

Standard Chartered Bank launched crypto custody services in the UAE after receiving its digital asset custody license from the Dubai Financial Services Authority (DIFC).

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Telo News - Crypto | DeFi | Web3

10 сентября 2024 14:45

Brazil's Federal Revenue Service has developed an in-house AI tool to identify crypto-related tax fraud and money laundering operations.

This AI system has already uncovered over $180m in illicit transactions.

For instance, it detected a scheme involving more than $125m in shell company transactions for cryptocurrency purchases, linking them to tax irregularities and possible criminal activity.

This move aligns with broader government efforts to leverage AI for financial oversight, including Brazil's Central Bank incorporating AI into its digital currency pilot.

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Telo News - Crypto | DeFi | Web3

10 сентября 2024 11:39

The SEC has imposed a staggering $4.7bn in enforcement actions against crypto firms in 2024, marking a 3,000% increase from the $150.3m recorded in 2023.

This surge is largely driven by a record $4.47bn settlement with Terraform Labs and its former CEO, Do Kwon, in June.

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Telo News - Crypto | DeFi | Web3

10 сентября 2024 11:14

The Central Bank of Russia has reached agreements with all local platforms to begin monitoring digital asset transactions in real-time, reducing the regulatory burden on platforms and increasing investor trust.

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Telo News - Crypto | DeFi | Web3

09 сентября 2024 13:45

Significant events this week are anticipated to impact macro markets, potentially causing fluctuations:

—Sept. 9: Consumer Inflation Expectations report

—Sept. 10: Donald Trump and Kamala Harris ABC News

—Sept. 10: Organization of the Petroleum Exporting Countries (OPEC) monthly report

— Sept. 11: August Consumer Price Index (CPI) report

—Sept. 12: Core Producer Price Index (Core PPI YoY) report

—Sept. 13: Michigan Consumer Sentiment Preliminary report

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Telo News - Crypto | DeFi | Web3

09 сентября 2024 13:21

Binance released its 22nd proof of reserves with a snapshot date of September 1. The report shows:

⚫BTC: 605,690, down 1.27%
⚫USDT: 22.11bn, up 4.34%
⚫ETH: 4.49m, down 4.26%
⚫BNB: 40.71m, up 0.42%
⚫SOL: 32.03m, down 2.11%
⚫XRP: 2.76bn, down 5.12%
⚫USDC: 1.51bn, down 3.18%

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Telo News - Crypto | DeFi | Web3

09 сентября 2024 12:59

Major Democratic donors have called on Kamala Harris to replace FTC Chair Lina Khan and SEC Chair Gary Gensler if she wins the November 2024 election.

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Telo News - Crypto | DeFi | Web3

08 сентября 2024 19:54

✔ This week's crypto market highlights:

⚫Capital and crypto markets simultaneously crash
⚫Mt. Gox ex-CEO to launch new exchange
⚫Top VCs subpoenaed over Uniswap
⚫United Texas Bank receives cease and desist
⚫Robinhood settles with DOJ
⚫Brazil progresses CBDC pilot
⚫87% of UK crypto applications fail
⚫Telegram CEO posts first message since arrest
⚫Telegram reaches 10m premium users

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Telo News - Crypto | DeFi | Web3

06 сентября 2024 12:40

Japan's three largest banks—Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank—will launch a pilot stablecoin platform, Project Pax, aimed at providing faster international settlements for businesses.

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Telo News - Crypto | DeFi | Web3

06 сентября 2024 11:01

Crypto companies have been ramping up their lobbying efforts, with some of the most significant spenders including:

⚫ Coinbase: Increased by 3,475% from $80k in 2017 to $2.86m in 2023.
⚫ Binance.us: increased 656.25% from $160k in 2021 to $1.215m in 2023.
⚫ Ripple: Increased by 1,780% from $50k in 2017 to $940k in 2023.

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Telo News - Crypto | DeFi | Web3

06 сентября 2024 01:58

TIME Magazine recently published a list of the top 100 most influential people in AI, featuring 40 CEOs and founders, including Nvidia's Jensen Huang, Google's Sundar Pichai, OpenAI’s Sam Altman, Meta’s Mark Zuckerberg, and Reddit’s Steve Huffman.

Notably, Elon Musk was nowhere to be found on the list despite efforts at Tesla and Grok (xAI).

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Telo News - Crypto | DeFi | Web3

05 сентября 2024 23:17

Telegram CEO Pavel Durov shared his side of the story regarding the unexpected detention in France:

⚫️ He was surprised that he was detained by the French police and told he may be personally responsible for other people’s illegal use of Telegram because:

1. French authorities said they didn’t receive responses from Telegram, yet Telegram has an official representative in the EU that accepts and replies to EU requests. This email address is publicly available on Google.

2. French authorities had many ways to reach Durov personally. Durov has previously helped them establish a hotline with Telegram to deal with the threat of terrorism in France.

3. If a country is unhappy with an internet service, the established practice is to start legal action against the service itself. Using outdated laws to charge a CEO with crimes committed by third parties is a misguided approach. No innovators will build new tools if they can be personally held responsible for potential abuse of those tools.

⚫️Establishing the right balance between privacy and security is not easy. Telegram is committed to engaging with regulators to find the right balance and is always open to dialogue.

⚫️Telegram is prepared to leave markets that aren’t compatible with their principles (as with the case with leaving Russia and Iran) because Telegram is not doing this for money. Telegram is driven by the intention to bring good and defend the basic rights of people, particularly in places where these rights are violated.

⚫️All of that does not mean Telegram is perfect. Telegram takes down millions of harmful posts and channels every day, publishes daily transparency reports, and has direct hotlines with NGOs.

⚫️Telegram’s abrupt increase in user count to 950m caused growing pains that made it easier for criminals to abuse the platform.

⚫️Telegram has already started the process to improve in this regard, and more details will be shared very soon.

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Telo News - Crypto | DeFi | Web3

11 сентября 2024 14:42

💡💡💡
The U.S. announced the inflation figures:

⚫ CPI: 2.5% YoY, 0.2% MoM
⚫ Forecasted CPI: 2.5 YoY, 0.2% MoM

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Telo News - Crypto | DeFi | Web3

11 сентября 2024 10:38

A U.S. federal judge dismissed a class-action lawsuit against Atomic Wallet, which had been filed following a $100m hack in 2023. The court found that it lacked jurisdiction over the Estonian-based firm and its CEO, Konstantin Gladyshev.

The plaintiffs, who stored cryptocurrencies in Atomic Wallet, had argued that the company’s services were accessible in Colorado. However, the judge ruled that merely downloading an app or accessing customer support in the state wasn't sufficient to establish legal jurisdiction.

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Telo News - Crypto | DeFi | Web3

11 сентября 2024 05:47

Donald Trump and Kamala Harris made no mention of cryptocurrency during their first-ever debate but focused on other issues:

Trump's points:
⚫ Claimed no wars occurred during his term, warning Harris' win could lead to WW3.
⚫ Criticized Harris for not firing underperforming officials, unlike his administration.
⚫ Questioned why Harris hasn’t implemented her plans as Vice President.

Harris' points:
⚫ Avoided detailing immigration plans.
⚫ Highlighted Trump's prosecutions for national security, economic, and election-related charges.
⚫ Accused Trump of trying to take the country backward, promising she would move it forward.

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Telo News - Crypto | DeFi | Web3

11 сентября 2024 00:02

Alameda Research CEO Caroline Ellison’s attorney filed a motion to redact the names and personal information of parties writing letters of support for her sentencing hearing, scheduled for Sept. 24, citing potential risks to her safety if information about Ellison’s current living situation is made public.

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Telo News - Crypto | DeFi | Web3

10 сентября 2024 13:30

Tether, TRON, and TRM Labs have launched the T3 Financial Crime Unit (T3 FCU) to combat illegal activities on the TRON blockchain. The unit has already frozen over $12m in USDT linked to criminal schemes, and collaborates with law enforcement to fight crimes like fraud and terrorism financing.

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Telo News - Crypto | DeFi | Web3

10 сентября 2024 11:28

FTX has reached a settlement with Emergent Technologies over the disputed $600m worth of Robinhood shares. As part of the deal, FTX will pay Emergent $14m to cover administrative expenses, and in return, Emergent will withdraw its claim to the 55m Robinhood shares and associated cash.

The settlement allows for a quicker resolution of Emergent’s bankruptcy case in Antigua and helps FTX avoid further litigation costs, with a focus on maximizing value for its creditors. The shares, originally acquired by Emergent in 2022, were liquidated to Robinhood for around $606m following FTX’s collapse in 2022. A hearing on the matter is set for October 22.

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Telo News - Crypto | DeFi | Web3

10 сентября 2024 08:41

Rumble has been banned in Brazil, with CEO Chris Pavlovski warning of growing restrictions in other countries as it is also blocked in France, Russia, and China.

The platform is currently facing legal battles in France over free speech and has joined Elon Musk’s X in suing the Global Alliance for Responsible Media (GARM) for allegedly boycotting their platforms.

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Telo News - Crypto | DeFi | Web3

09 сентября 2024 13:32

The Nigerian SEC announced plans to crack down on unregulated individuals and businesses, including crypto exchanges. Currently, only two exchanges, Quidax and Busha, are approved by the SEC.

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Telo News - Crypto | DeFi | Web3

09 сентября 2024 13:16

U.S. ETFs have faced significant outflows, with investors withdrawing approximately $1.2bn over the past eight days. This marks the longest stretch of net outflows for the 12 Bitcoin ETFs since they were launched in January.

The withdrawals come amid broader market anxiety caused by mixed U.S. jobs data and deflationary pressures in China, affecting both stocks and commodities.

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Telo News - Crypto | DeFi | Web3

09 сентября 2024 12:43

Donald Trump pledged a 100% tariff on countries that are shifting away from the dollar. Members of BRICS+ including Brazil, Russia, and China are already moving away from the U.S. dollar and are trading in local currency.

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Telo News - Crypto | DeFi | Web3

06 сентября 2024 21:21

Pavel Durov announced that Telegram has reached 10m paid subscribers using Telegram Premium. Along with this milestone, several updates are being introduced:

⚫’People Nearby’ feature has been removed due to low usage and issues with bots and scammers. In its place, ‘Businesses Nearby’ will be launched, showcasing verified businesses that can display product catalogs and accept payments.

⚫Telegraph, the standalone blogging tool, will no longer accept new media uploads due to misuse by anonymous actors.

Durov also emphasized Telegram’s commitment to improving moderation, aiming to turn it into an area of praise this year.

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Telo News - Crypto | DeFi | Web3

06 сентября 2024 11:19

Binance Kazakhstan has received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, moving closer to becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF).

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Telo News - Crypto | DeFi | Web3

06 сентября 2024 02:04

The U.S. court ruled in favor of Coinbase, granting its motion to compel the SEC to provide key information critical to the case.

Coinbase is suing the SEC for failing to provide clear rules on how securities laws apply to cryptocurrencies, arguing that the lack of guidance creates uncertainty and exposes companies to enforcement actions.

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Telo News - Crypto | DeFi | Web3

06 сентября 2024 01:12

Former FTX executive Ryan Salame was allegedly involved in a bribery scheme to unfreeze accounts tied to FTX and Alameda Research in China by opening accounts using the names of Thai prostitutes.

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Telo News - Crypto | DeFi | Web3

05 сентября 2024 22:51

💡💡💡
Telegram’s Pavel Durov has released a public statement on his channel:

/channel/durov/342

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