Telo News - Crypto | DeFi | Web3

31 октября 2024 06:00

Robinhood's Q3 crypto trading volumes grew to $14.4bn, a 112% year-over-year increase from $286.2bn. Despite this growth, volumes still fell from $21.5bn in Q2 and $36bn in Q1.

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30 октября 2024 22:19

Former FTX executive Nishad Singh was spared prison time for his role in the theft of about $8bn in customer funds from the now-bankrupt exchange.

The Judge credited Singh for cooperating with prosecutors and coming clean about his actions. He had pleaded guilty to six felony counts of fraud and conspiracy, testified last year as a prosecution witness in the trial that led to Bankman-Fried's conviction on fraud and other charges.

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30 октября 2024 22:04

Michael Saylor's MicroStrategy announced an audacious plan to raise $42bn of capital over the next three years in order to purchase more Bitcoin.

Microstrategy holds 252,220 BTC with BTC Yield of 17.8% YTD.

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30 октября 2024 20:39

Reddit has sold almost all of its previously acquired crypto, including BTC and ETH. The company's balance contains only ETH and MATIC, but the amounts are "not material."

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30 октября 2024 20:24

Bitcoin's hashrate reached an all-time high of 720.3m TH/s.

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30 октября 2024 17:51

A Russian court fined Google a record $20 decillion for allegedly censoring pro-Kremlin content on YouTube. This fine, equal to $2.5 trillion trillion trillion, surpasses the world's GDP, and is the result of four years of accumulated fines, with the figure currently doubling every week under Russian law.

Initially fined 100,000 rubles in 2020, YouTube faced penalties after lawsuits by Tsargrad and RIA FAN over channel restrictions. Google, with a $306 billion revenue last year, limited new Russian accounts last month and deactivated AdSense there since August. Since March 2022, Google hasn't served online ads to Russian users.

These actions led to Russian authorities seizing Google's accounts, pushing its Russian subsidiary to bankruptcy. However, Google's free services like YouTube and Search remain operational in Russia.

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19 октября 2024 10:04

The SEC has granted accelerated approval for the NYSE and Cboe to list and trade options on multiple spot Bitcoin ETFs.

These include funds such as Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, and Grayscale Bitcoin Trust.

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18 октября 2024 17:28

Russian cryptocurrency exchanges may soon be required to share client information with law enforcement.

The potential regulations, which could be passed by the end of 2024, include obtaining a license, storing customer data for at least five years, and providing client details upon government request.

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18 октября 2024 11:32

Gold reached a record high of nearly $2,705 per ounce, now up 37% in one year.

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18 октября 2024 10:59

Kenya is introducing a new tax system for cryptocurrencies, with real-time tracking of transactions through exchanges.

This system will record key transaction details like time and value for taxation purposes.

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18 октября 2024 10:41

Worldcoin, the project backed by OpenAI's Sam Altman, is rebranding to World Network, or World for short.

Additionally, the Ethereum-secured Layer 2 blockchain network connected to the project, known as World Chain, launched its mainnet.

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17 октября 2024 19:47

The FBI has arrested an Alabama resident for hacking the SEC's X account.

The hacker posted a fake tweet earlier this year, falsely claiming that the SEC had approved a spot Bitcoin ETF, which led to widespread confusion.

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17 октября 2024 15:36

The European Central Bank reduced its key interest rates by 25 basis points to 3.25%, aligning with expectations to achieve its inflation target.

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17 октября 2024 13:37

The latest a16z State of Crypto 2024 report revealed seven key insights, including:

Monthly Active Users
⚫ Monthly active addresses hit an all-time high of 220m, growth similar to the early internet adoption.

Crypto Politics
⚫ Crypto has become a key political issue in several swing states like Pennsylvania and Wisconsin.

Stablecoin Adoption
⚫ Stablecoin activity has grown despite crypto market cyclicality, highlighting their adoption beyond trading.

Blockchain Scaling
⚫ Blockchain processes over 50x more transactions per second compared to Jan 1, with the addition of Ethereum Layer 2s, Solana, and others.

Decentralized Exchange Growth
⚫ Trading on decentralized exchanges (DEXs) has increased despite volatility.

Increased AI Usage
⚫ 34% of crypto projects say they're using AI, regardless of their category, with builders showing increasing interest in AI in 2024 vs. 2023.

Predictions Market Growth
⚫ Interest in the predictions market is skyrocketing as monthly market volume on Polymarket surpassed $500m.

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17 октября 2024 13:09

The Russian Central Bank expects the first international cryptocurrency payments to take place by the end of 2024.

Bank Governor Elvira Nabiullina stated that, although there is participant interest, the specifics regarding the transactions and involved parties will remain confidential due to the experimental nature of the legal framework.

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31 октября 2024 05:52

BlackRock's IBIT spot Bitcoin ETF reached a new all-time high daily inflow of over $875m.

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30 октября 2024 22:15

Coinbase announces $1bn share buyback as it reports Q3 earnings

Coinbase’s Q3 earnings report shows that its board of directors had authorized and approved a share repurchase program, where it will buyback up to $1bn of its shares, depending on the market conditions.

Coinbase also said its balance sheet is "strong" as the company ended the third quarter with $8.2bn in USD resources, an increase of $417m from the previous quarter.

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30 октября 2024 20:48

According to reports, JPMorgan is shaping its trading strategies based on data from Polymarket.

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30 октября 2024 20:30

Kraken laid off 15% of its workforce due to failing "into the trap of building organizational layers," according to the co-CEOs Arjun Sethi and Dave Ripley.

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30 октября 2024 18:27

YouTuber MrBeast is under investigation for ties to over 50 crypto wallets linked to potential insider trading, netting over $23m in total profits.

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30 октября 2024 13:39

💡💡💡
The US announced that the Q3 2024 GDP grew by 2.80% annualized, lower than the previous value of 3%.

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18 октября 2024 18:07

According to Helika's Web3 Gaming Report, NFT activity on Telegram surged 400% in Q3, with unique wallets transferring NFTs jumping from fewer than 200k in July to over 1m in September.

This increase is driven by active engagement from gamers, with more immersive experiences and longer gaming sessions.

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18 октября 2024 12:21

DBS Bank, Singapore's largest bank, has introduced "DBS Token Services," offering blockchain-based solutions for institutional clients.

The service integrates tokenization and smart contracts with the bank’s existing infrastructure, enabling features like Treasury Tokens for multi-currency settlements, Conditional Payments for improved payment workflows, and Programmable Rewards for managing digital voucher programs.

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18 октября 2024 11:19

Montenegro's Justice Minister confirmed a decision on Do Kwon's extradition will be finalized by the end of the week.

Kwon, Terraform Labs co-founder, was arrested in 2023 for using forged documents and faces international extradition requests for his role in TerraLUNA's collapse.

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18 октября 2024 10:45

The U.S. Treasury revealed it used AI to recover $4bn in fraud and improper payments during the 2024 fiscal year—nearly four times the amount recovered in the previous year, which totaled $652.7m.

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18 октября 2024 10:37

Morgan Stanley, a $1.3tr asset manager, disclosed in a recent filing that they hold $272m worth of Bitcoin ETFs.

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17 октября 2024 19:40

BRICS officially launched its payment system, BRICS Pay. Participants at the BRIC Business Forum in Moscow received demo cards containing 500 rubles, which can be used at three locations within the World Trade Center.

The full launch of BRICS Pay is expected at the 2024 Summit, providing more insights into its features and potential role in facilitating local currency trade while challenging U.S. dollar dominance.

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17 октября 2024 13:59

A Chainalysis report reveals that the U.S. is falling behind in stablecoin adoption, with U.S.-regulated exchanges seeing a decrease in stablecoin transactions from 50% in 2023 to under 40% in 2024.

In contrast, non-U.S. platforms have surged past 60%.

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17 октября 2024 13:18

The UK's Financial Conduct Authority (FCA) alerted that TikTok must undergo the watchdog's money laundering and terrorist financing checks due to its crypto exchange-like operations.

This was due to the app's virtual currency system, TikTok Coins, which users can purchase and exchange for real money on the platform.

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17 октября 2024 11:45

Chainalysis' legal representatives are scheduled to appear in court regarding the $650m defamation lawsuit filed in January by YieldNodes creators over scam allegations.

YieldNodes says the crypto analytics firm labeled them an "investment scam," but Chainalysis denies the wrongdoing and has filed motions to dismiss, citing lack of evidence.

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