Telo News - Crypto | DeFi | Web3

07 May 2024 17:24

Recently, Oyster Labs introduced a smartphone based on the TON blockchain, raising $1.2m in pre-orders last month.

Despite having a quick sold out, the team hasn’t shipped the smartphones yet, but instead distributed 12k Founder NFTs. The team also hasn’t specified the delivery date, causing skepticism among buyers.

Meanwhile, the TON Foundation has distanced itself from the project, urging caution.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 16:19

Speculation arises that China might allow mainland investors to access Hong Kong's Bitcoin ETFs through the Stock Connect trade agreement, despite China's strict anti-crypto policies.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 12:38

Three Hong Kong spot Bitcoin ETFs now reportedly hold 4,388 BTC in just four trading days since their launch on April 30.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 12:02

Binance CEO Richard Teng has called for the immediate release of Tigran Gambaryan, detained in Nigeria for over 70 days.

Teng described the detention as a harmful precedent for global business, emphasizing that despite Binance's compliance efforts, Nigerian authorities have not responded to their communications.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 08:12

Exodus Movement, developer of the self-custodial Exodus Wallet, will get listed on the NYSE on May 9.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 06:41

South Korea has recently revised its Donation Act for the first time since 2006 but has excluded cryptocurrencies from permissible donation methods.

This exclusion stands out, especially considering the country’s high crypto adoption and trading rate.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 05:46

The Poloniex Hacker transferred at least 400 ETH (~$122.7m) to Tornado Cash for the first time for money laundering.

The hacker has approximately $180m worth of crypto assets, including:
⚫️ETH: 25.563k (~$78m)
⚫️TRX: 305.042m (~$36m)
⚫️BTC: 501.626 (~$32m)
⚫️BTCT: 364.292 (~$23m)

Justin Sun’s Poloniex exchange was attacked last year on November 10.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

06 May 2024 17:03

In April, 138 new meme coins were listed on CoinMarketCap, a significant increase from just 18 in April 2023. The ease of creating ERC-20 tokens has significantly expanded the meme coin market.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

06 May 2024 10:59

Crypto.соm has reached over 100m users globally, doubling their user base since May 2022.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

06 May 2024 09:28

Recently the Bitcoin network reached 1bn transactions, 15 years after its inception, averaging 178,475 daily.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

05 May 2024 11:59

Coinbase and its CEO Brian Armstrong face a new class-action lawsuit alleging investor deception into buying securities.

It alleges that Coinbase admitted in its user agreement that it was a securities broker, but offered SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ, and XLM as illegal securities.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

04 May 2024 13:45

Alexander Vinnik pleaded guilty to laundering over $9bn through BTC-e, a cryptocurrency exchange he operated from 2011 to 2017.

Lacking proper anti-money laundering controls, BTC-e was shut down in 2017.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

03 May 2024 16:37

Bitcoin leaped over $61,000 in the hour that followed the release of a US employment report, showing unemployment is higher than expected.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

03 May 2024 12:21

Russian crypto exchange Beribit has introduced a rigorous compliance process for customers with frozen funds, mandating them to verify the source and legality of their funds.

Such measures might seem like standard KYC and AML procedures, but many speculate that Beribit is using a common exit scam tactic by suddenly imposing complex verification requirements to stall customer withdrawals.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

03 May 2024 11:08

A man involved in ZKasino scam that stole over $30m from users was arrested by the police in Netherlands. Authorities seized over 11m euros ($11.8m) in crypto.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 16:44

Global digital asset funds experienced a net outflow of $251m this week, contrasting with significant inflows into Hong Kong's new ETFs:

⚫️US experienced significant outflows, particularly from newly issued ETFs
⚫️Hong Kong's new spot-based Bitcoin and Ethereum ETFs attracted $307m in inflows
⚫️Ethereum ended a 7-week outflow trend with $30m in inflows

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 12:59

Australia's tax office has sought from crypto currency exchanges the personal data and transaction details of 1.2m accounts as it looks to crack down on users who may be failing to pay their taxes.

Australia treats digital currencies as assets for tax purposes, so investors are required to pay capital gains tax on profit from selling crypto assets and when they trade digital assets.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 12:12

Nigerian authorities will ban the use of the Naira in P2P crypto transactions and plan to release new regulations soon to prevent exchange rate manipulation.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 09:01

Hut 8, one of the largest Bitcoin mining companies in North America, mined 148 BTC in April, representing a sharp 36% drop compared to March.

Other public mining companies such as Bitfarms, Cipher, CleanSpark, Core Scientific, Riot, and Terawulf reported a production decline between 6–12% for April as the robust Bitcoin fee market briefly hedged the halving’s impact.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 07:53

The SEC has extended the review period for the Invesco Galaxy spot Ethereum ETF, setting a new decision deadline of July 5, 2024.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

07 May 2024 05:50

The U.S. government holds at least 216.788k BTC, worth about $13.69bn, most of which come from criminal seizures.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

06 May 2024 18:15

Jack Dorsey, who founded Twitter (now called X), has quit the board of Bluesky, a decentralized social media platform he co-founded as an alternative to Twitter.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

06 May 2024 14:43

Robinhood has received a Wells Notice from the SEC regarding its US cryptocurrency operations.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

06 May 2024 10:46

Cartier jewelry heir, Maximilien de Hoop Cartier, was arrested for laundering $14.5m in drug money using USDT with a Colombian cartel.

Cartier attempted to import 100kg worth of cocaine and used shell companies to launder millions of dollars via multiple currencies, including USDT.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

06 May 2024 02:16

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

⚫ SEC labels ETH security since 2023
⚫ BTC, ETH spot ETFs launch in Hong Kong
⚫ Beribit clients protest in Moscow
⚫ CZ’s sentencing hearing details
⚫ CZ sentenced to 4 months
⚫ FED’s FOMC meeting notes

▪ Telegram ▪ X  ▪ Community

Telo News - Crypto | DeFi | Web3

04 May 2024 14:10

Grayscale's GBTC reportedly saw a daily BTC inflow of $63.1m, marking its first inflow since converting to an ETF.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

03 May 2024 21:40

Join 3 million players on Telegram and Play-to-Earn!

Game Instructions

Telo News - Crypto | DeFi | Web3

03 May 2024 15:57

USDt-TON reached $100m in issued and circulating USDt in under two weeks, making it the fastest growing launch of Tether’s USDt in history.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

03 May 2024 11:39

ChainFeeds founder Pan Zhixiong outlined the "impossible triangle" for new token launches in 2024, noting it's unfeasible to achieve simultaneously:

⚫ Binance listing
⚫ Low valuation
⚫ Short cliff

That is related to the fact that almost any project listed on Binance will have high valuation, but might have a short cliff. On the contrary, projects that satisfy the other two criteria, are unlikely to be listed on Binance.

▪ Telegram ▪ X
▪ Community ▪ Source

Telo News - Crypto | DeFi | Web3

03 May 2024 10:33

According to CryptoQuant:

⚫️Buying enthusiasm for Bitcoin has decreased, as shown by negative Coinbase premiums and reduced leverage in futures positions
⚫️Growth in Bitcoin demand from large investors or whales has slowed, peaking at 12% in late March and now at 6%
⚫️Significant sell-offs by miners have increased supply, weakening price support
⚫️Recent price drop is due to traders opening short positions, anticipating further declines
⚫️Overall BTC balance on over-the-counter platforms has started to rise, reaching its highest level since November 2022

▪ Telegram ▪ X
▪ Community ▪ Source