Telo News - Crypto | DeFi | Web3

08 Apr 2024 09:30

US Senators have reportedly urged an investigation into the law firm handling FTX's bankruptcy for selling SOL tokens, worth $1.7bn, at just 64 USDT, raising concerns about the transaction's integrity.

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07 Apr 2024 13:57

Beijing police reportedly discovered illegal sales of citizen data via cryptocurrency, involving over $282m and multiple virtual wallets.

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07 Apr 2024 12:46

Cathie Wood commended Hong Kong's crypto regulations and advises the US to adopt similar policies due to current regulatory uncertainties.

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06 Apr 2024 17:24

Hong Kong reportedly pledged to responsibly develop Web3, focusing on supporting licensed virtual asset platforms and developers, and enabling select virtual asset trading.

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06 Apr 2024 10:39

A jury in the US District Court found Terraform Labs and Do Kwon liable for crypto-asset securities fraud. Jurors agreed with the SEC that Kwon, as well as Terraform Labs, deceived investors about the nature of the algorithm that pegged UST to the US Dollar. Though Kwon insinuated that it could "automatically self-heal" in the event of a de-peg, it actually relied on continuous trading activity, including large-scale trading done by institutional investors.

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Telo News - Crypto | DeFi | Web3

06 Apr 2024 02:18

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

⚫ FTX targets creditor payouts by late 2024
⚫ Telegram shares ad revenue
⚫ Binance unveils Board of Directors
⚫ SBF claims ignorance of illegality
⚫ Meta let Netflix access users' DMs
⚫ Binance: Gambaryan not a decision-maker in Nigeria
⚫ US states eye Cardano for vote counting
⚫ Powell urges more data before rate cuts
⚫ Montenegro blocks Do Kwon's extradition

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05 Apr 2024 22:42

According to the data, the count of trading pairs on leading centralized exchanges has risen by 5% since late November, hitting 4,500.

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Telo News - Crypto | DeFi | Web3

05 Apr 2024 20:08

According to the data, crypto derivatives trading volume reached a record $6.18tn in March but saw a reduced market share, indicating changing trading dynamics:

⚫️Derivatives' share fell to 67.8%, marking a six-month decrease
⚫️Spot trading surged to $2.94tn, the highest since May 2021
⚫️Rising spot trading aligned with Bitcoin's new highs and increased retail involvement

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05 Apr 2024 16:02

💡💡💡
The Montenegro Supreme Court annulled the decisions on the extradition of Terraform's Do Kwon to South Korea.

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Telo News - Crypto | DeFi | Web3

05 Apr 2024 12:12

According to the data, US Bitcoin ETFs currently hold 4.25% of the total circulating Bitcoin supply.

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05 Apr 2024 10:18

The Philippines' SEC has flagged eToro for offering unregistered securities without authorization, following similar actions against Binance.

The advisory underscores eToro's lack of local licensing, part of wider regulatory efforts to safeguard Filipino investors from unlicensed platforms.

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05 Apr 2024 09:42

Google reportedly sued two Chinese nationals in New York for scamming over 100,000 users worldwide via fake crypto apps on Google Play.

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Telo News - Crypto | DeFi | Web3

04 Apr 2024 19:21

The CEO of Hut8 Mining said that large banks recently contacted the firm to buy Bitcoin directly from the miner. He stated:

"We’ve had banks reach out to us to try to buy our Bitcoin because of the supply shortages on these different exchanges."

Telo News - Crypto | DeFi | Web3

04 Apr 2024 17:07

Morgan Stanley and UBS are reportedly expected to add Bitcoin ETFs to their platforms next week.

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04 Apr 2024 15:56

Ripple is set to introduce its own US dollar-backed stablecoin, aiming to compete with USDT and USDC. It will be 100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents.

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08 Apr 2024 09:18

Paraguayan lawmakers proposed a temporary Bitcoin mining ban on April 4, lasting 180 days or until new regulations are set, due to the country's low-cost hydropower attracting miners.

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07 Apr 2024 13:24

Neel Kashkari, president of the Minneapolis Fed, reportedly stated that cryptocurrencies lack lawful uses in developed democracies, serving only to help traders bypass bank regulations for illicit activities.

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06 Apr 2024 18:09

ZachXBT stated IRS Criminal Investigation Division agents contacted him for help with blockchain crimes, but criticized their approach as unprofessional and invasive.

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Telo News - Crypto | DeFi | Web3

06 Apr 2024 14:36

According to Dune Analytics, as of April 5, a record 76% of all transactions on the Solana network are failing. However, as explained by the CEO of Helius, the majority of failed non-vote transactions were just "bot spam."

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06 Apr 2024 10:32

A South Korean party pledged access to US Bitcoin ETFs in the race for votes.

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Telo News - Crypto | DeFi | Web3

06 Apr 2024 00:49

The a16z State of Crypto index reached a new peak last month, with notable insights:

⚫️Active blockchain addresses surged to 37m in March, up 34%, with Solana leading
⚫️Mobile wallet user growth continued for the fifth consecutive month after previous declines
⚫️Decentralized exchange trading volumes hit record highs, fueled by networks with low fees like Base and Solana

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05 Apr 2024 20:20

The bankrupt company Genesis reportedly sold its GBTC shares to acquire 32,041 Bitcoin.

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Telo News - Crypto | DeFi | Web3

05 Apr 2024 16:16

FTX’s bankruptcy administrators have sold locked Solana tokens worth about $1.6bn at $64 per token to firms including Galaxy Trading and Pantera Capital.

The deal, stemming from FTX’s bankruptcy in November 2022, is unprecedented in scale and scope in the crypto industry. For the buyers, it means the potential for a massive windfall if SOL remains close to current levels — but also entails taking a significant risk on a volatile token that sank as much as 97% in the last bear market.

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05 Apr 2024 15:54

BlackRock has added ABN AMRO, Citadel Securities, Citigroup, Goldman Sachs, and UBS to its list of Authorized Participants (APs) for its spot Bitcoin ETF (IBIT).

Authorized Participants play a crucial role in the creation and redemption of ETF shares, facilitating the process by transferring cash to and from the Trust Administrator through one or more accounts. The expansion of the AP list is expected to enhance the liquidity and accessibility of IBIT for investors.

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05 Apr 2024 11:21

Hong Kong's ZA Bank will reportedly provide specialized banking services to stablecoin issuers.

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05 Apr 2024 09:53

South Korea will soon introduce stricter crypto listing guidelines, focusing on security and transparency for token issuers, particularly for those from hacked projects or foreign entities.

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05 Apr 2024 09:05

Paraguay's proposed ban on Bitcoin mining, aimed at easing the power crisis, could reportedly inadvertently impact other crypto activities.

Critics call for more targeted regulation to avoid stifling legitimate uses and innovation.

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Telo News - Crypto | DeFi | Web3

04 Apr 2024 18:41

According to CoinGecko, in Q1 2024, various crypto narratives showed significant growth, with memecoins leading the charge:

⚫️Memecoins topped the charts with an average return of 1312.6%, with new tokens like Brett (BRETT) seeing as much as 7727.6% growth
⚫️Real World Assets (RWA) were the second most profitable, achieving 285.6% returns, with MANTRA (OM) and TokenFi (TOKEN) leading among RWA tokens
⚫️AI tokens followed closely, recording a 222% increase, with AIOZ Network (AIOZ) and Fetch.аi (FET) as top performers
⚫️DeFi and DePIN narratives also saw notable gains, with 98.9% and 81% returns respectively, while Layer 1, GameFi, and Layer 2 narratives lagged behind

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04 Apr 2024 16:46

Through PayPal's cross-border payments service, Xoom, its U.S. customers can now onvert PYUSD to USD and then send money to "recipients in approximately 160 countries" without being charged transaction fees.

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04 Apr 2024 14:45

Coinbase has reportedly obtained a restricted dealer license in Canada, marking its expansion amid US regulatory pressures.

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