Telo News - Crypto | DeFi | Web3

22 Mar 2024 14:54

Worldcoin is ending the practice of storing users' personal data, shifting to "Personal Custody" where users keep their biometric data on their own devices for improved privacy.

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22 Mar 2024 11:59

Spot Bitcoin ETFs experienced net outflows of $94m on March 21, while Grayscale's GBTC ETF saw a significant outflow of $1.83bn over the week.

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22 Mar 2024 10:18

A judge has ruled against Silvergate Bank's bid to dismiss a lawsuit alleging it supported FTX's fraud, highlighting the bank's potential complicity in misusing customer funds and benefiting from its crypto dealings.

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22 Mar 2024 08:25

Estonia's new bill proposed stricter crypto regulations, requiring FSA licenses and raising AML fines to €5m, pending parliamentary approval.

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21 Mar 2024 19:25

BlackRock, now holds over $40,000 worth of memecoins and NFTs in a wallet linked to its new tokenization fund, alongside a $100 million USDC deposit made on Ethereum.

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21 Mar 2024 15:07

FTX's bankruptcy estate faced an estimated $3 to $5bn in US government claims, with a court filing stating FTX customers and other non-governmental creditors will be prioritized for payouts.

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21 Mar 2024 12:15

The UN highlighted that North Korea funds 50% of its foreign exchange through cyberattacks, with probes into attacks on crypto firms causing $3bn in losses.

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21 Mar 2024 10:15

The House Financial Services Committee chairman McHenry and Senator Lummis reportedly suggested a stablecoin bill could pass Congress this year, with the House already close to a vote.

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21 Mar 2024 08:54

Chief Legal Officer of Coinbase, Paul Grewal, emphasized that ETH is a commodity, supported by both the SEC's historical stance and rulings from the CFTC and courts, challenging any SEC rejection of ETH ETP applications.

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21 Mar 2024 04:30

BlackRock launehd its first tokenized fund, BUIDL, on the Ethereum network.

Creating blockchain-based tokens of traditional investments such as bonds and funds – known as tokenization of real-world assets (RWA) – is a fast-growing use case for blockchains as digital assets and TradFi are becoming more intertwined.

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20 Mar 2024 21:16

According to the data, spot trading volumes have surpassed $100bn daily for the first time since November 2021, totaling $1.5tr, the highest since December 2021. Binance leads spot volumes at $727.5bn, targeting a 46% market share.

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20 Mar 2024 19:39

Alipay, the second-largest payment processing platform in China with over 1.3bn annual active users, is collaborating with the smart contract blockchain platform Avalanche to create a voucher program powered by Web3 technology.

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20 Mar 2024 18:27

The US SEC has delayed its decision on another spot Ether ETF, the VanEck Ethereum ETF.

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20 Mar 2024 17:14

Advisers overseeing the bankruptcy of Celsius are demanding major customers, who collectively withdrew more than $2bn just before it filed for bankruptcy, return those funds to avoid potential litigation.

The committee said the recovery process will only affect about 2% of Celsius users who, collectively, withdrew roughly 40% of the platform’s assets in the 90 days before the company filed Chapter 11.

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20 Mar 2024 16:29

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The Ethereum Foundation, the Swiss NPO behind the Ethereum ecosystem, is under investigation by an unnamed "state authority," according to the group's website's GitHub repository. The scope of the investigation and its focus remain unknown at the present time.

An attorney familiar with the situation said a Swiss regulator may have served a document request to the Ethereum Foundation, and may be working with the US SEC.

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22 Mar 2024 13:29

The DOJ accused Apple of stifling competition with restrictive App Store policies, impacting crypto apps among others.

The lawsuit, backed by 16 states, challenges Apple's monopoly and high fees.

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22 Mar 2024 11:20

LayerZero's CEO reportedly accused 3AC's Kyle Davies of trying to secure their treasury with high interest offers right before 3AC's collapse, criticizing Davies for exploiting trust despite the fund's alleged insolvency.

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22 Mar 2024 08:43

A vulnerability in Apple's M-series chips, reported by Ars Technica, could expose Mac users' crypto keys, unfixable by patches and requiring software defenses.

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22 Mar 2024 08:06

Montenegro's top prosecutor challenged the extradition of Terraform's Do Kwon to South Korea, asserting the court overstepped its authority and that the decision should lie with the Ministry of Justice.

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21 Mar 2024 16:36

The Grayscale Ethereum Trust's discount has reached -20%, reflecting low expectations for a spot Ethereum ETF approval by May.

Despite the setback, the industry remains hopeful, buoyed by the success of Bitcoin ETFs.

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21 Mar 2024 14:10

X has reportedly received a money transmitter license for payment services in 22 US states.

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21 Mar 2024 11:13

OKX notified its Indian users on March 21, asking them to close their accounts and redeem funds before April 30, nearly three months after the Financial Intelligence Unit (FIU), an arm of the Indian Finance Ministry, issued a notice of non-compliance to nine foreign crypto exchanges.

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21 Mar 2024 09:31

FTX CEO John Ray III refuted SBF’s bid for a lighter sentence, stating FTX victims won't fully recover from the fraud. Bankman-Fried faces sentencing on March 28 after FTX's collapse.

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21 Mar 2024 08:38

In the March 20, 2024, press conference, Powell outlined the Fed's stance on interest rates and inflation, emphasizing a cautious approach:

⚫️Rapid rate cuts risk reversing gains in inflation control
⚫️Interest rates might have hit their peak, with no further increases expected
⚫️A weakening labor market could prompt intervention
⚫️The Fed is ready to sustain higher rates as long as necessary to combat inflation
⚫️Achieving closer to 2% inflation requires more certainty in economic trends

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21 Mar 2024 04:24

The Montenegrin court confirmed that Do Kwon will be extradited to South Korea. Neither the US nor Kwon can further appeal the decision. The date of extradition is not confirmed yet.

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20 Mar 2024 20:22

According to recent research, the jobs most impacted by AI and ranked by the highest share of large impact occupations are as follows:

⚫ IT — 73%
⚫ Finance — 70%
⚫ Customer Sales — 67%
⚫ Operations — 65%
⚫ HR — 57%
⚫ Marketing — 56%
⚫ Legal — 46%
⚫ Supply Chain — 43%

Tasks in IT and finance are expected to be the most affected by AI. Within IT, tasks such as software quality assurance and customer support are likely to be automated. In finance, AI is expected to play a significant role in bookkeeping, accounting, and auditing.

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20 Mar 2024 19:01

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The Fed kept the interest rates unchanged at 5.5% in line with consensus estimates.

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20 Mar 2024 17:33

The SEC has launched a campaign to classify Ethereum as a security.

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20 Mar 2024 17:09

Robinhood has officially rolled out its cryptocurrency wallet for Android users.

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20 Mar 2024 15:58

The TON Foundation has announced the launch of The Open League — a 30 million Toncoin community rewards initiative, valued at over $115m.

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