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13 Mar 2024 08:12

Riksbank Governor Thedeen reportedly aims to limit Bitcoin's role in Sweden's financial system due to its speculative nature and potential risks for consumers.

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12 Mar 2024 19:25

Goldman Sachs, BNY Mellon, Cboe Global Markets, and other firms have reportedly conducted pilot tests on a blockchain network called the Canton Network.

This initiative involved over 350 simulated transactions across various financial activities such as tokenized assets, fund registry, digital cash, repo, securities lending, and margin management.

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12 Mar 2024 18:34

EU Parliament approved new sanctions laws to ensure uniform application across 27 member states, including crypto service providers.

The laws allow freezing of assets, including crypto, for various violations and await approval from the Council to become law.

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12 Mar 2024 14:24

JPMorgan CEO Dimon urged Fed to delay rate cuts until after June to maintain inflation-fighting credibility.

Market expects 84% probability of June cut and total easing of 90 basis points for the year.

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12 Mar 2024 13:34

💡💡💡
US announced the inflation figures:

⚫ CPI: 3.1% YoY, 0.4% MoM
⚫ Forecasted CPI: 3.2% YoY, 0.4% MoM

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12 Mar 2024 12:43

While publicly recorded profits of El Salvador's Bitcoin portfolio amounted to over $80m, Nayib Bukele, the President of El Salvador, added that the country also earns BTC revenue from its passport program, local businesses, mining, and government services.

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12 Mar 2024 11:29

According to CNBC, JPMorgan CEO Jamie Dimon doubts Bitcoin's purpose, citing illegal activities. He said:

“I don’t know what the bitcoin itself is for, but I defend your right to smoke a cigarette, I’ll defend your right to buy a bitcoin. I won’t personally ever buy a bitcoin.”

Telo News - Crypto | DeFi | Web3

12 Mar 2024 09:59

The US President, Joe Biden, unveiled his proposed fiscal year 2025 budget, which includes a crypto mining excise tax and addresses crypto in wash-sale rules.

These are similar taxes to those proposed last year, which ultimately weren't taken up by Congress.

However, according to the administration, these regulations could generate nearly $10bn in 2025 and north of $42bn over the next decade.

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12 Mar 2024 08:59

MetaMask is reportedly testing a blockchain payment card with Mastercard issued by Baanx, allowing users to spend crypto for everyday purchases worldwide.

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12 Mar 2024 07:44

The US Treasury reportedly proposes new tax rules for digital assets, including a 30% excise tax on miners' electricity costs and closing wash-trading loopholes for all digital assets.

These proposals align with President Biden's budget plans and aim to address environmental concerns and tax evasion in the crypto market.

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10 Mar 2024 16:03

Vitalik Buterin suggested Ethereum may require a hard fork if quantum computers are misused to steal funds, necessitating users to update wallet software but enhancing Ethereum's preparedness.

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10 Mar 2024 12:28

According to Bloomberg, Bitcoin miners consumed a record 19.6 gigawatts of power last month, up from 12.1 gigawatts in 2023, with total consumption in 2023 reaching 121 terawatt-hours, similar to Argentina's energy usage.

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09 Mar 2024 18:49

The CEO of BlackRock stated that Bitcoin serves as digital gold and is a strong option for long-term store of value.

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09 Mar 2024 08:35

According to Reuters, US appeals court revived Binance lawsuit over unregistered tokens, including seven types like ELF and EOS. Investors can file claims for purchases made a year before the lawsuit.

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08 Mar 2024 17:59

After hitting a new all-time high Bitcoin swiftly dropped to $67,600, causing almost $100m in liquidations in just an hour.

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12 Mar 2024 20:02

According to the data, CME's open interest reached a record high, surpassing 150k BTC for the first time.

The growth in CME exposure over the past three weeks is attributed to a 148% surge in BTC equivalent exposure from 2x long BTC ETFs.

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12 Mar 2024 18:53

CFTC Chairman Rostin Behnam announced plans to introduce a new rule for regulating prediction markets like PredictIt and Kalshi, aiming to offer clarity for both platforms and users.

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12 Mar 2024 16:52

According to the data, Bitcoin hit new all-time highs with trade volumes reaching $51bn.

Despite some profit-taking, liquidity on exchanges remains strong, reflecting robust market demand.

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12 Mar 2024 13:45

Grayscale filed S-1 form to launch Grayscale Bitcoin Mini Trust. The fund will have lower fees and moving over from GBTC will not trigger a capital gains tax event.

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12 Mar 2024 12:59

💡💡💡
The US judge requested that CZ surrender his Canadian passport. Furthermore, the federal judge restricted CZ's bond conditions, stating that he must notify the court of any travel within the US.

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12 Mar 2024 12:16

Israel's central bank intends to launch a shekel CBDC with an option for interest-bearing features.

The CBDC will offer instant payments, privacy protections, and offline usability.

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12 Mar 2024 10:48

The Hong Kong Monetary Authority (HKMA) announced the launch of the stablecoin issuer sandbox arrangement and stated its intention to leverage the sandbox to communicate supervisory expectations to parties interested in issuing fiat-referenced stablecoins in Hong Kong. Additionally, the HKMA aims to obtain feedback from participants on the proposed regulatory requirements.

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12 Mar 2024 09:18

According to the recent VanEck announcement, the fund will waive all of its BTC ETF (HODL) fees until March 31st, 2025, for the first $1.5bn of assets.

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12 Mar 2024 08:16

Thailand’s SEC has allowed institutional investors and high-net-worth individuals to invest in crypto ETFs on the US exchanges.

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10 Mar 2024 17:21

According to Santiment, the decreasing amount of Bitcoin available on exchanges suggests a shrinking supply, potentially leading to a surge in Bitcoin's price.

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10 Mar 2024 12:59

Bloomberg's Eric Balchunas noted spot ETH ETF's lack of SEC feedback, highlighting weaker correlation with futures ETF, suggesting a less optimistic outlook.

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10 Mar 2024 11:12

Bill Ackman, Pershing Square Capital Management founder and CEO, anticipates Bitcoin prices to surge due to increased mining energy use and inflation, driving up demand.

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09 Mar 2024 10:01

A Chinese lawmaker proposed amending laws to make it easier to investigate and freeze criminal suspects' virtual currency and other assets due to current system challenges.

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09 Mar 2024 02:02

💌💌💌💌💌
✔️ This week's crypto market highlights:

⚫ FTX opened claims window with BTC at $16k
⚫ SEC delayed BlackRock, Fidelity ETH ETF decision
⚫ Binance halted services in Nigeria
⚫ Bitcoin Fear and Greed index hit 90
⚫ Temasek holdings in talks to invest in OpenAI
⚫ Binance us lays off 200+ staff
⚫ US gov seeks CZ bond modification
⚫ BlockFi settled with FTX
⚫ Do Kwon faces extradition to South Korea
⚫ Bitcoin hit new all-time high

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08 Mar 2024 16:32

⚡️⚡️⚡️⚡️⚡️⚡️
Bitcoin reaches new all-time high of $70,000.

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